Common use of Expenses of Transaction Clause in Contracts

Expenses of Transaction. The Selling Shareholders shall pay the Selling Shareholders' professional fees and expenses incurred in connection with the negotiation and closing of this Agreement and the Related Agreements, including, without limitation the expenses of the preparation of Annual Financial Statements. The Selling Shareholders shall also pay all the Selling Shareholders' applicable sales, income, use, excise, transfer, documentary, and any other taxes arising out of the transactions contemplated herein. The Company shall pay 8.34%, as adjusted pursuant to Section 1.3, of all professional fees and expenses incurred by Purchaser in connection with the negotiation and closing of this Agreement and the Related Agreements. Upon expiration of the Put Option unexercised, Purchaser shall reimburse the Selling Shareholders for all Purchaser's expenses and fees paid by the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tekgraf Inc)

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Expenses of Transaction. The Selling Shareholders shall pay the Selling Shareholders' professional fees and expenses incurred in connection with the negotiation and closing of this Agreement and the Related Agreements, including, without limitation the expenses of the preparation of Annual Financial Statements. The Selling Shareholders shall also pay all the Selling Shareholders' applicable sales, income, use, excise, transfer, documentary, and any other taxes arising out of the transactions contemplated herein. The Company shall pay 8.3425.05%, as adjusted pursuant to Section 1.3, of all professional fees and expenses incurred by Purchaser in connection with the negotiation and closing of this Agreement and the Related Agreements. Upon expiration of the Put Option unexercised, Purchaser shall reimburse the Selling Shareholders for all Purchaser's expenses and fees paid by the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tekgraf Inc)

Expenses of Transaction. The Selling Shareholders shall pay the Selling Shareholders' professional fees and expenses incurred in connection with the negotiation and closing of this Agreement and the Related Agreements, including, without limitation the expenses of the preparation of Annual Financial Statements. The Selling Shareholders shall also pay all the Selling Shareholders' applicable sales, income, use, excise, transfer, documentary, and any other taxes arising out of the transactions contemplated herein. The Company shall pay 8.347.51%, as adjusted pursuant to Section 1.3, of all professional fees and expenses incurred by Purchaser in connection with the negotiation and closing of this Agreement and the Related Agreements. Upon expiration of the Put Option unexercised, Purchaser shall reimburse the Selling Shareholders for all Purchaser's expenses and fees paid by the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tekgraf Inc)

Expenses of Transaction. The Selling Shareholders shall pay the Selling Shareholders' professional fees and expenses incurred in connection with the negotiation and closing of this Agreement and the Related Agreements, including, without limitation the expenses of the preparation of Annual Financial Statements. The Selling Shareholders shall also pay all the Selling Shareholders' applicable sales, income, use, excise, transfer, documentary, and any other taxes arising out of the transactions contemplated herein. The Company shall pay 8.349%, as adjusted pursuant to Section 1.3, of all professional fees and expenses incurred by Purchaser in connection with the negotiation and closing of this Agreement and the Related Agreements. Upon expiration of the Put Option unexercised, Purchaser shall reimburse the Selling Shareholders for all Purchaser's expenses and fees paid by the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tekgraf Inc)

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Expenses of Transaction. The Selling Shareholders shall pay the Selling Shareholders' professional fees and expenses incurred in connection with the negotiation and closing of this Agreement and the Related Agreements, including, without limitation the expenses of the preparation of Annual Financial Statements. The Selling Shareholders shall also pay all the Selling Shareholders' applicable sales, income, use, excise, transfer, documentary, and any other taxes arising out of the transactions contemplated herein. The Company shall pay 8.3415.86%, as adjusted pursuant to Section 1.3, of all professional fees and expenses incurred by Purchaser in connection with the negotiation and closing of this Agreement and the Related Agreements. Upon expiration of the Put Option unexercised, Purchaser shall reimburse the Selling Shareholders for all Purchaser's expenses and fees paid by the Company.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tekgraf Inc)

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