Costs and Taxes. 14.1 The Parties will bear the costs and taxes derived from negotiating, formalizing and executing this Agreement, as follows: (i) All the expenses and costs incurred and directly related to the Offer shall be borne by the Bidder Parties. (ii) The Selling Stockholder shall not bear any of the fees of advisors, auditors and other professionals contracted by the Bidder Parties or the Company. (iii) Taxes resulting from formalizing and executing this Agreement, if any, will be borne, in each case, in accordance with applicable Law.
Appears in 2 contracts
Samples: Irrevocable Undertaking Agreement (Schneider Electric Sa), Irrevocable Undertaking Agreement (Schneider Electric Sa)
Costs and Taxes. 14.1 The Parties will bear the costs and taxes derived from negotiating, formalizing and executing this Agreement, as follows:
(i) All the expenses and costs incurred and directly related to the Offer shall be borne by the Bidder Parties.
(ii) The Selling Stockholder shall not bear any of the Other fees of for advisors, auditors and other professionals contracted will be borne by the Bidder Parties or Party that contracted the Companyservices in each case.
(iii) Taxes resulting from formalizing and executing this Agreement, if any, will be borne, in each case, in accordance with applicable Law.
Appears in 2 contracts
Samples: Irrevocable Undertaking Agreement (Schneider Electric Sa), Irrevocable Undertaking Agreement (Telvent Git S A)