Common use of Allocation of the Purchase Price Clause in Contracts

Allocation of the Purchase Price. Prior to Closing, Buyer and Seller --------------------------------- shall agree to an allocation of the Purchase Price. Buyer and Seller shall use such allocation for all reporting purposes in connection with federal, state and local income and, to the extent permitted under applicable law, franchise taxes. Buyer and Seller agree to report such allocation to the Internal Revenue Service in the form required by Treasury Regulation 1.1060-1T.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

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Allocation of the Purchase Price. Prior to Closing, Buyer and --------------------------------- Seller --------------------------------- shall use good faith efforts to agree to an allocation of the Purchase Price. Buyer and Seller shall use such allocation allocation, if agreed upon, for all reporting purposes in connection with federal, state and local income and, to the extent permitted under applicable law, franchise taxes. Buyer and Seller agree to report such allocation to the Internal Revenue Service in the form required by Treasury Regulation (S) 1.1060-1T.

Appears in 1 contract

Samples: Escrow Agreement (Salem Communications Corp /De/)

Allocation of the Purchase Price. Prior to Closing, Buyer and Seller --------------------------------- -------------------------------- shall use good faith efforts to agree to an allocation of the Purchase Price. Buyer and Seller shall use such allocation allocation, if agreed upon, for all reporting purposes in connection with federal, state and local income and, to the extent permitted under applicable law, franchise taxes. Buyer and Seller agree to report such allocation to the Internal Revenue Service in the form required by Treasury Regulation 1.1060-1T.IT.

Appears in 1 contract

Samples: Escrow Agreement (Salem Communications Corp /Ca/)

Allocation of the Purchase Price. Prior to Closing, Buyer and Seller --------------------------------- shall use their reasonable best efforts to agree to on an allocation of the Purchase Price. Buyer and Seller shall use such allocation for all reporting purposes in connection with federal, state and local income and, to the extent permitted under applicable law, franchise taxes. Buyer and Seller agree to report such allocation to the Internal Revenue Service in the form required by Treasury Regulation Section 1.1060-1T.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

Allocation of the Purchase Price. Prior to Closing, Buyer and Seller --------------------------------- shall agree to an allocation of the Purchase Price. Buyer and Seller shall use such allocation for all reporting purposes in connection with federal, state and local income and, to the extent permitted under applicable law, franchise taxes. Buyer and Seller agree to report such allocation to the Internal Revenue Service in the form required by Treasury Regulation (S) 1.1060-1T.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

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Allocation of the Purchase Price. Prior to Closing, Buyer and Seller --------------------------------- Sellers shall use good faith efforts to agree to an allocation of the Purchase Price. Buyer and Seller Sellers shall use such allocation allocation, if agreed upon, for all reporting purposes in connection with federal, state and local income and, to the extent permitted under applicable law, franchise taxes. Buyer and Seller Sellers agree to report such allocation to the Internal Revenue Service in the form required by Treasury Regulation 1.1060-1T.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

Allocation of the Purchase Price. Prior to Closing, Buyer and Seller --------------------------------- shall agree to an allocation of the Purchase Price. Buyer and Seller shall use such allocation for all reporting purposes in connection with federal, state and local income and, to the extent permitted under applicable law, franchise taxes. Buyer and Seller agree to report such allocation to the Internal Revenue Service in the form required by Treasury Regulation Section 1.1060-1T.

Appears in 1 contract

Samples: Asset Purchase Agreement (Salem Communications Corp /De/)

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