Pending Audit definition
Examples of Pending Audit in a sentence
Buyer shall pay to Seller any refunds of Taxes of the Targets that relate solely to a Pre-Closing Tax Period or Pre-Closing Partial Tax Period to the extent such Taxes were paid pursuant to any settlement of the Pending Audit.
Other than with respect to the Pending Audit, there is no dispute or claim concerning any Tax liability of the Corporation either (i) claimed or raised by any Taxing Authority in writing or (ii) as to which any of the directors and officers (and employees responsible for Tax matters) of the Corporation has actual knowledge (after reasonable investigation) based upon personal contact with any agent of such Taxing Authority.
Except for the pending IRS audit for the 1998 tax year (the "Pending Audit"), there ------------- are no ongoing Tax audits.