Expenses and Transaction Taxes. Except as otherwise expressly provided in this Agreement, all costs and expenses incurred by the Parties in connection with the transactions contemplated by this Agreement, including negotiation of any documents and ancillary agreements (the “Transaction Documents”), shall be borne solely and entirely by the Party that has incurred in such expenses. All Taxes and costs incurred by the Parties in connection with the transactions contemplated by this Agreement including negotiation of any Transaction Documents shall be borne solely and entirely by the Party that has incurred in such Taxes, expenses or costs, except for any notarial costs and Commercial Registry fees derived from the execution and notarization of this Agreement and the Transaction Documents which shall be borne by the Purchaser.
Expenses and Transaction Taxes. Except as otherwise expressly provided in this Agreement, all costs and expenses incurred by the Parties in connection with the transactions contemplated by this Agreement, including negotiation of any documents and ancillary agreements (the “Transaction Documents”), shall be borne solely and entirely by the Party that has incurred in such expenses. All Taxes and costs incurred by the Parties in connection with the transactions contemplated by this Agreement including negotiation of any Transaction Documents shall be borne solely and entirely by the Party that has incurred in such Taxes, expenses or costs, except for (i) any stamp duty or Tax levied on any of the Transaction Documents, and (ii) any Taxes paid or due in connection with the filings made to obtain any pre-closing mandatory merger control notification or request before the relevant antitrust authority, in which cases the applicable Taxes shall be borne by Purchasers and Sellers by halves. It is further agreed that any notarial costs and expenses due in connection with the preparation and execution of the notarial deeds required to consummate the transactions contemplated in this Agreement as set forth in Section 3.2(I) shall be borne by the Purchasers and the Sellers by halves. If any of such cost or expense is charged or paid by either Sellers or the Purchasers, such Sellers or Purchasers shall as soon as practicable be reimbursed from the other Party with its corresponding 50% share.
Expenses and Transaction Taxes. Except as otherwise expressly provided in this Agreement, all costs and expenses incurred by the Parties hereto in connection with the transactions contemplated by this Agreement, including negotiation of any documents and ancillary agreements (the “Transaction Documents”), shall be borne solely and entirely by the Party that has incurred in such expenses. All Taxes and costs incurred by the Parties hereto in connection with the transactions contemplated by this Agreement including negotiation of any Transaction Documents shall be borne solely and entirely by the Party that has incurred in such Taxes, expenses or costs. It is further clarified that, if applicable, all expenses in relation to the payment of stamp duty or Tax related to the execution of any transfer of the Purchased Interests to Globant shall be borne by Globant and the Sellers in equal parts. Any notarial costs and expenses and any costs and expenses related to the Escrow Agreement incurred in the execution of the Transaction shall be borne by Globant and the Sellers by halves. If any cost or expense is charged or paid by either Sellers or the Purchasers, such Sellers or Purchasers shall as soon as practicable be reimbursed from the other Party with its corresponding 50% share. As exception to the above, Purchasers shall in the proportions they deem fit pay for the legal fees of Sellers relating to the transactions contemplated in this Agreement.
