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HomeMy WebLinkAbout0827 i~ I . ' ~ ~ i' ! ~ ~I i ` i . i' I i' and the Husband surrenders and renounces and covenants to surreni , i der and renounce any right oF administration upon the estate of ; the Wife. ~ ~ Nothing contained in this paragraph or elsewhere in this : Agreement shall be deemed a waiver of, or a limitation upon, the Wife's right to prosecute, perfect and satisfy any claims ~ ~ ' which she may have against the estaCe of the Husband by virtue ~ ~ ~ of the Husband's default in the payment of any and all swms - ~ provided for in this Agreement to be paid by the Husband to the ~ i Wife, or to enforce the colleetion of the payments required by I the foregoing paragraphs which may become due after the death ~ i of the Husband. ~ TWELFTH: (a) The Husband represents and warrants to the ~ ; ~ Wife that he has fully paid all income taxes on all joint { , , I; returns previously filed by the parties; that no interest or ` . ~ penalties are due and owing; and that no tax deficiency, pro- ' ceeding°or audit is pending or threatened, to the best of his ' - 1 ~ knowledge. ~ ~ ~ (b) If a deficiency assessment is made in connection with ~ ! ~ any of the joint income tax returns filed by the parties, the ~ i f Husband shall notify the Wife at once in~riting and shall pay ~ ! ' the amount finally ascertained to be due, with any interest and.! ~ ; ' penalties, and any expenses, including attorneys' fees, occasioned Y ' ~ ; ; by the deficiency. _ (c) The Husband in all respects shall indemnify the Wife ~ > ; ~ ; against, and hold her harmless from, any deficiency assessment ` ~ ~ ~ ar tax lien arising out of any joint return previously filed or ; ~ hereafter filed by the parties as well as any related damages ~ , ~ and expenses whatsoever. ` f (d) If there be a refund for the year 1977 or before, it I i shall belong to the Husband. ~ ; , ; THIRTEENTH: Nothing in this Agreement contained shall be ~ I , ~ ' construed as a relinquishment by either of the parties hereto, ; ~ ~ ~ ~ of the right to sue the other for a dissolution of their ~ j ( ~ . ; ~ ;j -9 a p Q ~ ~ ! 6tlv!( 290 I'A~~ V~ 1 f ~ ~ ~q ~ A _ ~ ~ ~ . - -•'•~~S~" ~ ~"r~i ~ : ~ ~ x -x...~~ - M. " -r a~~ ~~~„#~''v~±.~ .~"r~'"s~b ^~kx,.."-#~'" . a -r.