Allocation of Sales Price. The Sales Price shall be allocated in accordance with Section 1060 of the Internal Revenue Code of 1986, as amended. The Seller and Buyer acknowledge that such allocation will represent the fair market value of the Improvements and shall be binding on the parties for all applicable federal, state and local tax purposes. Seller and Buyer agree to report gain or loss in the year of the sale, as the case may be, in a manner consistent with the allocation on all tax returns filed by either of them subsequent to the date hereof on Form 8594 filed with the appropriate tax return, and not to voluntarily take any inconsistent approach therewith in any administrative or judicial proceedings relating to such returns. The parties will agree to such allocation on or before Closing.
Allocation of Sales Price. The Sales Price shall be allocated in accordance with Section 1060 of the Internal Revenue Code of 1986, as amended. The Sellers and Buyer acknowledge that such allocation will represent the fair market value of the Improvements and shall be binding on the parties for all applicable federal, state and local tax purposes. Sellers and Bxxxx agree to report gain or loss in the year of the sale, as the case may be, in a manner consistent with the allocation on all tax returns filed by either of them subsequent to the date hereof on Form 8594 filed with the appropriate tax return, and not to voluntarily take any inconsistent approach therewith in any administrative or judicial proceedings relating to such returns. The parties will agree to such allocations of each Property on or before Closing, and the Parties will attach the allocation schedule, hereto as Exhibit "E" which will be made a part hereof for all purposes.
Allocation of Sales Price. (a) The aggregate consideration received by Seller pursuant to this Agreement shall be allocated as set forth on Exhibit E hereto.
Allocation of Sales Price. The aggregate consideration received by Seller pursuant to this Agreement shall be allocated as set forth below: Fixed Assets - $100,000 Inventory - $50,000 Non-Compete - $250,000 Other intangibles (including goodwill) - remainder of consideration
Allocation of Sales Price. The parties hereto acknowledge that the transactions contemplated hereby must be reported in accordance with Section 1060 of the Internal Revenue Code. Accordingly, the parties shall report the transactions contemplated hereunder for all purposes in accordance with the Purchase Price allocation set forth on Exhibit "K" hereto. The allocation of the Sales Price set forth on Exhibit "K" shal not constitute any admission or consent by Grand Court as to the value of the interests conveyed.
Allocation of Sales Price. The Sales Price for each share of Yupi Common ------------------------- Stock acquired by Purchaser pursuant to this Agreement and not sold by Purchaser pursuant to Sections 5 and 6 hereof shall be allocated on its Allocation Date as follows:
Allocation of Sales Price. Within sixty days after the Closing ------------------------- Date, LLC shall provide AMD with its proposed allocation of the sale price to the CPD Assets. LLC and AMD agree to cooperate in good faith to reach an agreed allocation of federal income tax basis to the CPD Assets. LLC and AMD shall file all Tax Returns in a manner which is consistent with the federal income tax treatment of the transaction set forth herein or determined pursuant to this provision.
Allocation of Sales Price. FOR IRS SALES REPORTING PURPOSES, THE ALLOCATION OF THIS PURCHASE PRICE SHALL BE AS FOLLOWS: EQUIPMENT: $ 15,000 NON-COMPETE: $ 5,000 GOODWILL: $ 260,000 TOTAL: $ 280,000
