HomeMy WebLinkAbout1118 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 estate of the Husband by virtue of the Husband's
default in the payment of any and all sums provided for in this
Agreement to be paid by the Husband to the Wife, or to enforce the
collection of the payments required by the foregoing paragraphs which
may become due after the death of the Husband.
ELEVENTH:
(a) The Husband represents and warrants to the Wife that he
has fully paid all income taxes on all joint returns previously filed
by the parties; that no interest. or penalties are due and owing; and
that no tax deficiency, proceeding or audit is pending or threatened,
to the best of his knowledge.
(b) If a deficiency assessment is made in connection with
any joint income tax returns filed by the. parties, the Husband shall
notify the Wife at~once in writing and shall pay the amount finally
ascertained to be due, with any interest and penalties, and any
expenses, including attorneys' fees, occasioned by the deficiency.
(c) The Husband in all respects shall indemnify the Wife
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against, and hold her harmless from, any deficiency assessment or 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.
(d) If there be a refund for the year 1978, it shall belong
to the Wife after deducting certain account balances previously
specified.
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