Definition of Tax Warranty


Tax Warranty means a statement set out in Part B of Schedule 4;


Tax Warranty means a representation or warranty in Section 3.18 or 3.21.

Examples of Tax Warranty in a sentence

Notices of claims under this Agreement or any Local Transfer Document for breach of any Sellers Warranty (other than a Tax Warranty) shall be given by the Purchaser to the Seller within the time limits specified in Clause 10.2 and shall specify information (giving reasonable detail) in relation to the basis of the claim and setting out the Purchasers estimate of the amount of Losses which are, or are to be, the subject of the claim.
Notices of claims under this Agreement or any relevant Local Transfer Document for breach of any Sellers Warranty (other than a Tax Warranty) shall be given by the Purchaser to the relevant Seller within the time limits specified in Clause 10.2 and shall specify information (giving reasonable detail) in relation to the basis of the claim and setting out the Purchasers estimate of the amount of Losses which are, or are to be, the subject of the claim.
Notices of claims under this Agreement or any Local Transfer Document for breach of any Sellers Warranty (other than a Tax Warranty) shall be given by the Purchaser to the Seller within the time limits specified in Clause 11.2 and shall specify information (giving reasonable detail) in relation to the basis of the claim and setting out the Purchasers estimate of the amount of Losses which are, or are to be, the subject of the claim.
If the Vendors pay the Purchaser any amount in respect of a Claim (other than any Tax Warranty Claim) and the Purchaser or any member of the Purchaser Group subsequently becomes entitled to recover from a third party a sum which is referable to that Claim, the Purchaser shall give notice to the Vendors, and shall use all reasonable endeavours to recover from such third party.
If agreement cannot be reached, the Purchaser may require that the Vendor provide a letter of credit or some other collateral to a value of up to US$1,500,000 in a form satisfactory to the Vendor and the Purchaser to secure payment of any Claim for breach of the Vendors Warranty for the time period then remaining within which the Purchaser may be entitled to make a Claim in connection with a Tax Warranty under clause 14.9(a)(i)(B).