Common use of No Obligation to Contest or Appeal Clause in Contracts

No Obligation to Contest or Appeal. No Holder shall have any duty to make any contest of such a Determination of Taxability or to pursue any appeal of, or have any communication with the Internal Revenue Service concerning, such Determination of Taxability.

Appears in 4 contracts

Sources: Bond Guaranty Agreement (Transportation Technologies Industries Inc), Bond Guaranty Agreement (Accuride Corp), Bond Guaranty Agreement (Peregrine Industries Inc)