Common use of Buyer Liability for Taxes Clause in Contracts

Buyer Liability for Taxes. Buyer shall be liable for (A) any Taxes imposed with respect to the Business or any Transferred Assets or any income or gains derived with respect thereto for any taxable period, or portion thereof, beginning after the Closing Date, (B) Losses directly or indirectly relating to or arising out of any liability for Taxes imposed with respect to the Business or any Transferred Assets or any income or gains derived with respect thereto for any taxable period, or portion thereof, beginning after the Closing Date, and (C) any Transfer Taxes for which Buyer is liable pursuant to Section 5.4(e).

Appears in 2 contracts

Samples: Asset Purchase Agreement (Return on Investment Corp), Asset Purchase Agreement (Return on Investment Corp)

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Buyer Liability for Taxes. Buyer shall be liable for (Ai) any Taxes imposed with respect to the Business or any Transferred Assets or any income or gains derived with respect thereto for any taxable period, or portion thereof, beginning after the Closing Date, (B) Losses directly on or indirectly relating to or arising out of any liability for Taxes imposed with respect to the Business or any Transferred Assets or any income or gains derived with respect thereto for any taxable period, or portion thereof, beginning after the Closing Date, and (Cii) any Transfer Taxes for which Buyer is liable pursuant to Section 5.4(e5.1(e).

Appears in 1 contract

Samples: Asset Purchase Agreement (Brickell Biotech, Inc.)

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Buyer Liability for Taxes. Buyer shall be liable for (Ai) any Taxes imposed with respect to the Business or any Transferred Assets or any income or gains derived with respect thereto for any taxable period, or portion thereof, beginning after the Closing Date, (Bii) Losses directly or indirectly relating to or arising out of any liability for Taxes imposed with respect to the Business or any Transferred Assets or any income or gains derived with respect thereto for any taxable period, or portion thereof, beginning after the Closing Date, and (Ciii) any Transfer Taxes for which Buyer is liable pursuant to Section 5.4(e5.5(e).

Appears in 1 contract

Samples: Asset Purchase Agreement (Cell Therapeutics Inc)

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