Common use of Characterization of Certain Payments Clause in Contracts

Characterization of Certain Payments. The Parties agree that any payments made pursuant to this ARTICLE 11, ARTICLE 10, Section 2.4 and Section 8.4 shall be treated for all Tax purposes as an adjustment to the Unadjusted Purchase Price unless otherwise required by Law.

Appears in 4 contracts

Samples: Purchase and Sale Agreement by And, Purchase and Sale Agreement (Emerald Oil, Inc.), Purchase and Sale Agreement (Triangle Petroleum Corp)

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Characterization of Certain Payments. The Parties agree that any payments made pursuant to Section 2.5, Article 8 or this ARTICLE 11, ARTICLE 10, Section 2.4 and Section 8.4 Article 9 shall be treated for all Tax purposes as an adjustment to the Unadjusted Purchase Price unless otherwise required to the extent permitted by applicable Law.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement, Membership Interest Purchase Agreement (Ferrellgas Partners Finance Corp)

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Characterization of Certain Payments. The Parties agree that any payments made pursuant to Article 10 or this ARTICLE 11, ARTICLE 10, Section 2.4 and Section 8.4 Article 11 shall be treated for all Tax purposes as an adjustment to the Unadjusted Purchase Price unless otherwise required to the extent permitted by applicable Law.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Blueknight Energy Holding, Inc.), Membership Interest Purchase Agreement (CB-Blueknight, LLC)

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