Examples of Tax Indemnified Party in a sentence
The Tax Indemnified Party shall supply the Tax Indemnifying Party with such information and documents reasonably requested by the Tax Indemnifying Party as are necessary for the Tax Indemnifying Party in the defense of such Taxes.
A Tax Indemnified Party shall, to the extent practicable, give a Tax Indemnifying Party written notice of any proposed or actual adjustment or assessment of Taxes within such time as will allow the Tax Indemnifying Party a reasonable period in which to evaluate and timely respond to the underlying adjustment or assessment of Taxes; provided, however, that failure to do so shall not affect a Tax Indemnified Party’s rights hereunder except to the extent the Tax Indemnifying Party is prejudiced thereby.
For purposes of this Section [13.4], the Tax Indemnifying Party’s obligation to indemnify the Tax Indemnified Party for Taxes shall include any reasonable costs to defend such Taxes incurred or paid by the Tax Indemnified Party so long as such costs were incorrect or paid prior to the time when the Tax Indemnifying Party has assumed control of the defense of such Taxes.
The Tax Indemnifying Party shall be entitled, at the Tax Indemnifying Party’s expense, to participate in, and, to the extent that the Tax Indemnifying Party desires, assume and control the defense of such Taxes; provided, however, that the Tax Indemnifying Party shall have acknowledged in writing its obligation to fully indemnify such Tax Indemnified Party in respect of such Taxes.
So long as Stable Investment Corporation is reasonably contesting any Proceeding, the applicable Tax Indemnified Party (or its indirect owners) shall not pay or settle any such Proceeding without Stable Investment Corporation’s consent, which consent may be withheld in Stable Investment Corporation’s discretion.