Allocation of Purchase Price; Transfer Taxes. (a) Consistent with applicable tax rules, the Buyer shall allocate the Purchase Price to the Assets. The Buyer shall prepare and file, in a timely fashion, forms in a manner consistent with such allocation with the relevant tax authority. All tax returns and reports filed or prepared by the Buyer and/or the Seller with respect to the transactions contemplated by this Agreement shall be consistent with the allocation made by the Buyer under this Section 7.1(a) . (b) All sales, transfer, and similar taxes and fees (including all recording fees, if any) incurred in connection with this Agreement and the transactions contemplated hereby shall be borne by the Seller and the Seller shall file all necessary documentation with respect to such taxes.
Appears in 9 contracts
Samples: Asset Purchase Agreement (Magenta Media (Us) Inc), Asset Purchase Agreement (Mobilemail (Us) Inc.), Asset Purchase Agreement (Coloured (Us) Inc.)
Allocation of Purchase Price; Transfer Taxes. (a) Consistent with applicable tax rules, the Buyer shall allocate the Purchase Price to the Assets. The Buyer shall prepare and file, in a timely fashion, forms in a manner consistent with such allocation with the relevant tax authority. All tax returns and reports filed or prepared by the Buyer and/or the Seller with respect to the transactions contemplated by this Agreement shall be consistent with the allocation made by the Buyer under this Section 7.1(a§10.1(a) .
(b) All sales, transfer, and similar taxes and fees (including all recording fees, if any) incurred in connection with this Agreement and the transactions contemplated hereby shall be borne by the Seller and the Seller shall file all necessary documentation with respect to such taxes.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Infrablue (Us) Inc.), Asset Purchase Agreement (Nextgen Bioscience Inc.)
Allocation of Purchase Price; Transfer Taxes. (a) Consistent with applicable tax rules, the Buyer Purchaser shall allocate the Purchase Price to the Assets. The Buyer Purchaser shall prepare and file, in a timely fashion, forms in a manner consistent with such allocation with the relevant tax authority. All tax returns and reports filed or prepared by the Buyer Purchaser and/or the Seller with respect to the transactions contemplated by this Agreement shall be consistent with the allocation made by the Buyer Purchaser under this Section 7.1(a) ).
(b) All sales, transfer, and similar taxes and fees (including all recording fees, if any) incurred in connection with this Agreement and the transactions contemplated hereby shall be borne by the Seller Purchaser and the Seller Purchaser shall file all necessary documentation with respect to such taxes.
Appears in 1 contract
Samples: Asset Purchase Agreement (Enhance Skin Products Inc)
Allocation of Purchase Price; Transfer Taxes. (a) Consistent with applicable tax rules, the Buyer Purchaser shall allocate the Purchase Price to the Assets. The Buyer Purchaser shall prepare and file, in a timely fashion, forms in a manner consistent with such allocation with the relevant tax authority. All tax returns and reports filed or prepared by the Buyer Purchaser and/or the Seller with respect to the transactions contemplated by this Agreement shall be consistent with the allocation made by the Buyer Purchaser under this Section 7.1(a) 8.1(a).
(b) All sales, transfer, and similar taxes and fees (including all recording fees, if any) incurred in connection with this Agreement and the transactions contemplated hereby shall be borne by the Seller and the Seller shall file all necessary documentation with respect to such taxes.
Appears in 1 contract
Samples: Asset Purchase Agreement (1st Home Buy & Sell Ltd.)
