Income and Franchise Taxes. Each Party shall be responsible for its own federal, state, local and foreign income and franchise taxes, if any, which may result from this transaction.
Appears in 2 contracts
Samples: Purchase and Sale Agreement (Torch Energy Royalty Trust), Purchase and Sale Agreement (Doral Energy Corp.)
Income and Franchise Taxes. Each Party shall be responsible for its own federal, state, local and foreign income and franchise taxes, if any, which that may result from this transaction.
Appears in 1 contract
Samples: Purchase and Sale Agreement (Torch Energy Royalty Trust)
