Common use of LIABILITY AND RIGHT TO PURCHASE CLAIMS Clause in Contracts

LIABILITY AND RIGHT TO PURCHASE CLAIMS. Seller shall retain liability for all adjustments, examinations or claims relating to taxes that are paid by Seller and that are allocated to Seller pursuant to this Section 11.14. Buyer shall retain liability for all adjustments, examinations or claims relating to taxes that are paid by Buyer and that are allocated to Buyer pursuant to this Section 11.14. Seller shall administer and defend any examination, claim or adjustments arising in connection with taxes to be paid by Buyer but which are allocated to Seller pursuant to this Section 11.14.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Exco Resources Inc), Purchase and Sale Agreement (Venus Exploration Inc)

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LIABILITY AND RIGHT TO PURCHASE CLAIMS. Seller shall retain liability for all adjustments, examinations or claims relating to taxes that are paid by Seller and that are allocated to Seller pursuant to this Section 11.145.08. Buyer shall retain liability for all adjustments, examinations or claims relating to taxes that are paid by Buyer and that are allocated to Buyer pursuant to this Section 11.145.08. Seller shall administer and defend any examination, claim or adjustments arising in connection with taxes to be paid by Buyer but which are allocated to Seller pursuant to this Section 11.145.08.

Appears in 1 contract

Samples: Stock Purchase and Sale Agreement (Hs Resources Inc)

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LIABILITY AND RIGHT TO PURCHASE CLAIMS. Seller shall retain liability for all adjustments, examinations or claims relating to taxes that are paid by Seller and that are allocated to Seller pursuant to this Section 11.1411.17. Buyer shall retain liability for all adjustments, examinations or claims relating to taxes that are paid by Buyer and that are allocated to Buyer pursuant to this Section 11.1411.17. Seller shall administer and defend any examination, claim or adjustments arising in connection with taxes to be paid by Buyer but which are allocated to Seller pursuant to this Section 11.1411.17.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Petsec Energy Inc)

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