Earn-Out Payments. Buyer shall pay to Seller any Earn-Out Payment as and when determined in accordance with Exhibit B, in cash in immediately available funds by wire transfer to an account designated by Seller by notice to Buyer. Solely for U.S. federal income tax purposes, a portion of any Earn-Out Payment shall be treated as interest as required by Section 483 or 1274 of the Code.
Appears in 3 contracts
Samples: Purchase Agreement (Quicksilver Resources Inc), Purchase Agreement (Crestwood Holdings LLC), Purchase Agreement (Quicksilver Resources Inc)
Earn-Out Payments. Following Closing, Buyer shall pay to Seller any each Earn-Out Payment as and when determined in accordance with Exhibit BF, in cash in immediately available funds by wire transfer to an account designated by Seller by notice to Buyer. Solely for U.S. federal income tax Tax purposes, a portion of any Earn-Out Payment shall be treated as interest as required by Section 483 or Section 1274 of the Code.
Appears in 1 contract
Samples: Asset Purchase Agreement (Crestwood Midstream Partners LP)
