Tax Indemnification Claim definition

Tax Indemnification Claim is defined in Clause 12.1.1.

Tax Indemnification Claim means a claim for indemnification pursuant to Article VII with respect to (x) a breach of the representations and warranties set forth in Section 2.15 and (y) the matters referred to in Section 2.15 of the Company Schedule. “Environmental Indemnification Claim” means a claim for indemnification pursuant to Article VII with respect to a breach of the representations and warranties set forth in Section 2.16.

Tax Indemnification Claim means any claim of Purchaser under Section 25.2.

Examples of Tax Indemnification Claim in a sentence

• The objective of the Department in soliciting bids is to ensure the selection of a firm or individual that will produce the best possible results for the funds expended.

• A Reverse Tax Effect shall reduce the respective Tax Indemnification Claim in the amount of its net present value.

• The Purchaser shall without undue delay notify the Sellers’ Agent of any announcement and commencement of any Tax Proceeding potentially giving rise to a Tax Indemnification Claim.

• If and to the extent the Sellers directly or indirectly hold less than 100% of the relevant Group Entity as shown in Exhibit 10.4(b)/1, the Tax Indemnification Claim shall be limited to the total amount to be indemnified multiplied by Sellers’ direct or indirect shareholding percentage.

• The Purchaser shall notify the Seller in respect of any Tax Returns, Tax assessment, Tax audits, Tax appeals and Tax court proceedings which relate to Relevant Taxes and may lead to a Tax Indemnification Claim.

More Definitions of Tax Indemnification Claim

Tax Indemnification Claim shall have the meaning as defined in the introduction of Section 12.2(a)(aa).

Tax Indemnification Claim means a claim for indemnification pursuant to Article 8 with respect to a breach of the representations and warranties set forth in Section 4.12.

Tax Indemnification Claim shall have the meaning set forth in Clause 11.2.1;

Tax Indemnification Claim has the meaning given to it in Section 15.3(a);

Tax Indemnification Claim. Section 1.11 "Tax Indemnity Shares" Section 1.11 "Third Party Claim" Section 7.2 "Trademarks" Section 2.18 "Trust Fund" Section 3.25 "U.S. GAAP" Section 2.7(a) "Unaudited Financial Statements" Section 2.7(b)

Tax Indemnification Claim has the meaning given in Section 16.1.

Tax Indemnification Claim has the meaning attributed to such term in Section 8.2(a);