Definition of Tax Proceedings


Tax Proceedings means any tax abatement, tax certiorari or similar tax proceedings that have been commenced by Seller with respect to the Property for any tax year.

Examples of Tax Proceedings in a sentence

Each party shall, at the expense of the requesting party, execute or cause to be executed any powers of attorney or other documents reasonably requested by such requesting party to enable it to take any and all actions such party reasonably requests with respect to any Tax Proceedings which the requesting party controls.
Parties shall reasonably cooperate with each other and with each other's agents, including accounting firms and legal counsel, in connection with: the preparation and filing of Tax Returns pursuant to this Article IX; and (ii) Tax Proceedings.
Onyx shall, and shall cause its Designated Affiliates, the Retained Entities and their respective Subsidiaries to, take all actions reasonably necessary to facilitate New Diamonds and SVs exercise of their rights under this Article IV in respect of the Retained Entities, including preparing and filing Tax Returns, and conducting Tax Proceedings.
Each Party will, and each Party will cause its applicable Affiliates to, cooperate in all reasonable respects with respect to Tax and unclaimed property matters and provide one another with such information as is reasonably requested to enable the requesting Party to complete and file all Tax Returns it may be required to file (or cause to be filed) with respect to the Business, to respond to Tax audits, inquiries or other Tax Proceedings and to otherwise satisfy Tax requirements.
New Diamond shall, and shall cause the New Diamond Entities to, take all actions reasonably necessary to facilitate Onyxs and the Companys exercise of their rights under this Article IV in respect of the New Diamond Entities, including conducting Tax Proceedings.