Definition of Tax Issue

  1. Tax Issue means all assertions of Tax Liability arising from (a) a Tax Claim asserted by a single Taxing Authority, regardless of the period of time for which such Tax Claim is asserted or (b) Tax Claims asserted by one or more Taxing Authorities arising from substantially the same legal argument or arguments or substantially the same fact pattern or patterns.

Examples of Tax Issue in a sentence

  1. Disputed Tax Issue Indemnitor is defined in Section 6.01(a) herein.
  2. 5.3 The Purchaser shall keep the Sellers informed of the progress in settling the relevant Tax Issue and shall, as soon as reasonably practicable, forward or procure to be forwarded to the Sellers copies of (or the relevant parts of) all material correspondence pertaining to it.

Definition of Tax Issue in Stock Purchase Agreement by and Among

Tax Issue means all assertions of Tax Liability arising from (a) a Tax Claim asserted by a single Taxing Authority, regardless of the period of time for which such Tax Claim is asserted or (b) Tax Claims asserted by one or more Taxing Authorities arising from substantially the same legal argument or arguments or substantially the same fact pattern or patterns.