Clause Information
Tax Disclosure. If, at any time after the Execution Date, the Buyer, Buchans or the Seller determines, or becomes aware that an "advisor" (as defined for purposes of section 237.3 or 237.4 of the Tax Act) has determined, that the purchase and sale of the Purchased Assets pursuant to this Agreement is subject to the reporting requirements under section 237.3 of the Tax Act or the notification requirements under section 237.4 of the Tax Act, the Buyer, Buchans or the Seller, as the case may be, will promptly inform the other Parties of its intent, or its advisor's intent, to prepare and file the applicable information returns. Each Party agrees, to the extent possible, to share a draft of any such filing (subject to redactions of solicitor-client privileged information) with the other Party no later than 15 Business Days prior to the due date for such filing and to consider in good faith any changes requested by the other Party prior to the due date of any such filing.
| Clause Category: | Tax Disclosure |
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