Common use of Characterization of Indemnity Payments Clause in Contracts

Characterization of Indemnity Payments. Unless otherwise required by any Legal Requirements, the parties agree that any indemnification payments made pursuant to this Agreement will be treated for all Tax purposes as an adjustment to the Purchase Price, and no party shall take any position inconsistent with such characterization.

Appears in 3 contracts

Samples: Asset Purchase Agreement (Heron Lake BioEnergy, LLC), Asset Purchase Agreement (Vitamin Shoppe, Inc.), Asset Purchase Agreement (Advanced BioEnergy, LLC)

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Characterization of Indemnity Payments. Unless otherwise required by any Legal Requirements, the The parties agree that to treat any indemnification payments made pursuant to under this Agreement will be treated for all Tax purposes as an adjustment adjustments to the Purchase PricePrice per Share for tax purposes, and no party shall take any position inconsistent with such characterizationunless otherwise required by applicable law.

Appears in 2 contracts

Samples: Shares Subscription Agreement, Shares Subscription Agreement (Lifetime Brands, Inc)

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Characterization of Indemnity Payments. Unless otherwise required by any Legal Requirements, the parties The Parties agree that any indemnification payments made pursuant to this Agreement will shall be treated for all Tax purposes as an adjustment to the Purchase Price, and no party shall take any position inconsistent with such characterizationunless otherwise required by applicable Law.

Appears in 1 contract

Samples: Asset Purchase Agreement (Southeastern Grocers, Inc.)

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