Common use of Inaccurate or Incomplete Information Clause in Contracts

Inaccurate or Incomplete Information. Geo Point Utah shall jointly and severally indemnify Geo Point Nevada, and its respective directors, officers and employees, and hold them harmless from and against any cost, fine, penalty or other expense of any kind attributable to the failure of Geo Point Utah in supplying Geo Point Nevada with inaccurate or incomplete information, in connection with the preparation of any Tax Return. Geo Point Nevada shall jointly and severally indemnify Geo Point Utah, and its respective directors, officers and employees, and hold them harmless from and against any cost, fine, penalty, or other expenses of any kind attributable to the failure of Geo Point Nevada in supplying Geo Point Utah with inaccurate or incomplete information, in connection with the preparation of any Tax Return.

Appears in 3 contracts

Sources: Separation Agreement (Geo Point Resources, Inc.), Tax Matters Agreement (Geo Point Technologies Inc), Tax Matters Agreement (Geo Point Resources, Inc.)