Notification of Contests. Each of the Purchaser, on the one hand, and the Sellers, on the other hand (the "Recipient"), shall notify the other party in writing within 30 days of receipt by the Recipient of written notice of any pending or threatened audits, adjustments or assessments (a "Tax Audit") that may affect the liability for Taxes of such other party.
Appears in 2 contracts
Sources: Stock Purchase Agreement (Sterling Bancshares Inc), Stock Purchase Agreement (Sterling Bancshares Inc)