Timing of Certain Payments. Upon payment of any Taxes with respect to which a Party is entitled to receive indemnification hereunder, such receiving Party (the "Indemnified Party") shall send the other Party (the "Indemnifying Party") a notice accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particular facts relating thereto. Unless a different deadline is expressly provided herein, the Indemnifying Party (or one or more of its Affiliates) shall remit payment for Taxes for which the Indemnifying Party is liable hereunder to the Indemnified Party (or one or more of its Affiliates) no later than 30 business days after such notice is sent to the Indemnifying Party. Unless otherwise provided herein, all other payments between the Parties shall be due and payable on or before the date that is 30 business days after notice requesting such payment is sent to the other Party.
Appears in 2 contracts
Sources: Tax Sharing Agreement (Peter Kiewit Sons Inc /De/), Tax Sharing Agreement (Kiewit Materials Co)
Timing of Certain Payments. Upon payment of any Taxes with respect to which a Party is entitled to receive indemnification hereunder, such receiving Party (the "Indemnified Party") shall send the other Party (the "Indemnifying Party") a notice accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particular facts relating thereto. Unless a different deadline is expressly provided herein, the Indemnifying Party shall (or shall cause one or more of its AffiliatesAffiliates to) shall remit payment for Taxes for which the Indemnifying Party is liable hereunder to the Indemnified Party (or one or more of its Affiliates) no later than 30 business days after such notice is sent to the Indemnifying Party. Unless otherwise provided herein, all other payments between the Parties shall be due and payable on or before the date that is 30 business days after notice requesting such payment is sent to the other Party.
Appears in 1 contract