FIRPTA. The parties shall comply with IRC §§ 897, 1445 and the regulations thereunder as same may be amended ("FIRPTA"). If applicable, Seller shall execute and deliver to purchaser at Closing a Certification of Non- Foreign Status ("CNS") or deliver a Withholding Certificate from the IRS. If Seller fails to deliver a CNS or a Withholding Certificate, Purchaser shall withhold from the Balance, and remit to the IRS, such sum as may be required by law. Seller hereby waives any right of action against Purchaser on account of such withholding and remittance. This ¶ 25 shall survive Closing.
Appears in 19 contracts
Samples: Contract of Sale, Contract of Sale Cooperative Apartment, Contract of Sale
FIRPTA. The parties shall comply with IRC §§ 897, 1445 and the regulations thereunder as same may be amended ("“FIRPTA"”). If applicable, Seller shall execute and deliver to purchaser Purchaser at Closing a Certification of Non- Non-Foreign Status ("“CNS"”) or deliver a Withholding Certificate from the IRS. If Seller fails to deliver a CNS or a Withholding Certificate, Purchaser shall withhold from the Balance, and remit to the IRS, such sum as may be required by law. Seller hereby waives any right of action against Purchaser on account of such withholding and remittance. This ¶ 25 ¶25 shall survive Closing.
Appears in 3 contracts
Samples: Purchase Agreement, Contract of Sale Cooperative Apartment, Contract of Sale Cooperative Apartment
FIRPTA. The parties shall comply with IRC §§ 897, 1445 and the regulations thereunder as same may be amended ("FIRPTA"). If applicable, Seller shall execute and deliver to purchaser at Closing a Certification of Non- Non-Foreign Status ("CNS") or deliver a Withholding Certificate from the IRS. If Seller fails to deliver a CNS or a Withholding Certificate, Purchaser shall withhold from the Balance, and remit to the IRS, such sum as may be required by law. Seller hereby waives any right of action against Purchaser on account of such withholding and remittance. This ¶ 25 shall survive Closing.
Appears in 3 contracts
Samples: Contract of Sale, Contract of Sale Cooperative Apartment, Contract of Sale Cooperative Apartment
FIRPTA. The parties shall comply with IRC §§ 897, 1445 and the regulations thereunder as same may be amended ("“FIRPTA"”). If applicable, Seller shall execute and deliver to purchaser at Closing a Certification of Non- Non-Foreign Status ("“CNS"”) or deliver a Withholding Certificate from the IRS. If Seller fails to deliver a CNS or a Withholding Certificate, Purchaser shall withhold from the Balance, and remit to the IRS, such sum as may be required by law. Seller hereby waives any right of action against Purchaser on account of such withholding and remittance. This ¶ 25 ¶25 shall survive Closing.
Appears in 2 contracts
Samples: Contract of Sale Cooperative Apartment, Contract of Sale Cooperative Apartment
FIRPTA. The parties Parties shall comply with IRC §§ 897, 1445 and the or under any successor statute or any regulations thereunder as same may be amended promulgated pursuant thereto ("“FIRPTA"”). If applicable, Seller shall execute and deliver to purchaser Purchaser at Closing a Certification of Non- Non-Foreign Status ("“CNS"”) or deliver a Withholding Certificate from the IRS. If Seller fails to deliver a CNS or a Withholding Certificate, Purchaser shall withhold from the Balance, and remit to the IRS, such sum as may be required by law. Seller hereby waives any right of action against Purchaser on account of such withholding and remittance. This ¶ 25 shall survive Closing.
Appears in 2 contracts
Samples: Contract of Sale, Contract of Sale
FIRPTA. The parties Parties shall comply with IRC §§ 897, 1445 and the regulations thereunder as same may be amended ("“FIRPTA"”). If applicable, Seller shall execute and deliver to purchaser at Closing a Certification of Non- Non-Foreign Status ("“CNS"”) or deliver a Withholding Certificate from the IRS. If Seller fails to deliver a CNS or a Withholding Certificate, Purchaser shall withhold from the Balance, and remit to the IRS, such sum as may be required by law. Seller hereby waives any right of action against Purchaser on account of such withholding and remittance. This ¶ 25 shall survive Closing.
Appears in 1 contract
Samples: Contract of Sale (Smith & Wollensky Restaurant Group Inc)
FIRPTA. The parties shall comply with IRC §§ 897, 1445 and the regulations thereunder as same may be amended ("“FIRPTA"”). If applicable, Seller shall execute and deliver to purchaser at Closing a Certification of Non- Non-Foreign Status ("“CNS"”) or deliver a Withholding Certificate from the IRS. If Seller fails to deliver a CNS or a Withholding Certificate, Purchaser shall withhold from the Balance, and remit to the IRS, such sum as may be required by law. Seller hereby waives any right of action against Purchaser on account of such withholding and remittance. This ¶ 25 shall survive Closing.
Appears in 1 contract
FIRPTA. The parties shall comply with IRC §§ 897, 1445 and the regulations thereunder as same may be amended ("FIRPTA"). If applicable, Seller shall execute and deliver to purchaser at Closing a Certification of Non- Non-Foreign Status ("CNS") or deliver a Withholding Certificate from the IRS. If Seller fails to deliver a CNS or a Withholding Certificate, Purchaser shall withhold from the Balance, and remit to the IRS, such sum as may be required by law. Seller hereby waives any right of action against Purchaser on account of such withholding and remittance. This ¶ 25 shall survive Closing.
Appears in 1 contract
Samples: Contract of Sale
FIRPTA. The parties shall comply with IRC §§ 897, 1445 and the regulations thereunder there- under as same may be amended ("FIRPTA"). If applicable, Seller shall execute exe- cute and deliver to purchaser at Closing a Certification of Non- Non-Foreign Status ("CNS") or deliver a Withholding Certificate from the IRS. If Seller fails to deliver a CNS or a Withholding Certificate, Purchaser shall withhold from the Balance, and remit to the IRS, such sum as may be required by law. Seller hereby waives any right of action against Purchaser on account of such withholding and remittance. This ¶ 25 shall survive Closing.
Appears in 1 contract
Samples: Contract of Sale