Definition of Tax Warranty Claim


Tax Warranty Claim means a claim in respect of any breach of any of the Tax Warranties;
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Examples of Tax Warranty Claim in a sentence

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.
The Vendor shall not be liable for any Tax Warranty Claim unless the Purchaser gives written notice containing a summary of the nature of the Tax Warranty Claim as far as it is known to the Purchaser to the Vendor on or before the date being four years from Completion.
Save as specifically provided in this agreement or in any of the Transaction Documents and save to the extent any deduction or withholding is required by law, the Buyer hereby waives and relinquishes any right of set off or counterclaim, deduction or retention which the Buyer might otherwise have in respect of any Warranty Claim or Tax Warranty Claim.