Tax Claim definition
Examples of Tax Claim in a sentence
Within 10 days of a final determination of a Tax Claim, the Indemnifying Party shall pay to the Indemnified Party the full amount owing to the Indemnified Party, to the extent not previously paid.
If a Governmental Authority threatens or commences collection measures with respect to a Tax that is the subject of a Tax Claim being defended by the Seller, the Seller shall promptly pay or cause to be paid to such Governmental Authority the amount subject to collection (the “Prepaid Amount”), and the Buyer shall reimburse the Seller for the Prepaid Amount (net of any final Tax liability determined pursuant to such Tax Claim) within 30 days following a final determination of such Tax Claim.
If the Buyer has assumed control of the defense of a Tax Claim in accordance with the terms of this Agreement, the Buyer shall not settle, compromise, or abandon such Tax Claim without the prior written consent of the Seller (such consent not to be unreasonably withheld, conditioned, or delayed), to the extent such Tax Claim relates to a Pre-Closing Tax Period for which the Seller has an indemnification obligation hereunder.