Common use of Allocation of the Purchase Price Among the Assets Clause in Contracts

Allocation of the Purchase Price Among the Assets. The parties agree that the consideration for the purchase of the Assets shall be allocated among those Assets as set forth in Schedule 1.05 appended hereto. Seller and Buyer shall each complete, execute and timely file with the Internal Revenue Service, with their respective income tax returns for the taxable year that includes the Closing Date, an Internal Revenue Service Form 8594 (or such other Internal Revenue Service Form as may then be prescribed for use by applicable Income Tax Regulations) to comply with the applicable asset acquisition reporting requirements of Section 1060 of the Internal Revenue Code of 1986, as amended (the "IRC"), and the Income Tax Regulations

Allocation of the Purchase Price Among the Assets. The parties agree that the consideration for the purchase of the Assets shall be allocated among those Assets as set forth in Schedule 1.05 appended hereto. Seller and Buyer shall each complete, execute and timely file with the Internal Revenue Service, with their respective income tax returns for the taxable year that includes the Closing Date, an Internal Revenue Service Form 8594 (or such other Internal Revenue Service Form as may then be prescribed for use by applicable Income Tax Regulations) to comply with the applicable asset acquisition reporting requirements of Section 1060 of the Internal Revenue Code of 1986, as as 1. 06 amended (the "IRC"), and the Income Tax RegulationsRegulations thereunder. Form 8594 shall be completed by Seller and Buyer based on, and shall in all events be consistent with, the allocation of the consideration for the Assets.