Oklahoma Motor Vehicle Excise Tax. Oklahoma imposes a Tax on the transfer of legal ownership of any registered motor vehicle. At Closing, the Seller shall not collect from the Buyers any excise Taxes on motor vehicles included in the Assets; rather, each of the Buyers shall remit such Taxes on the motor vehicles it has purchased to the appropriate Taxing Authorities when the Buyer retitles such motor vehicles. The Buyers agree to retitle the motor vehicles they purchase from Seller within thirty (30) days after the Closing Date.
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Samples: Asset Sale and Purchase Agreement (Holly Corp), Asset Sale and Purchase Agreement (Holly Energy Partners Lp)
Oklahoma Motor Vehicle Excise Tax. Oklahoma imposes a Tax on the transfer of legal ownership of any registered motor vehicle. At Closing, the Seller shall not collect from the Buyers Buyer any excise Taxes on motor vehicles included in the Assets; rather, each of the Buyers Buyer shall remit such Taxes on the motor vehicles it has purchased to the appropriate Taxing Authorities when the Buyer retitles such motor vehicles. The Buyers agree Buyer agrees to retitle the such motor vehicles they purchase from Seller within thirty (30) days after the Closing Date.. 62
Appears in 1 contract
Samples: Asset Sale and Purchase Agreement
Oklahoma Motor Vehicle Excise Tax. Oklahoma imposes a Tax on the transfer of legal ownership of any registered motor vehicle. At Closing, the Seller shall not collect from the Buyers Buyer any excise Taxes on motor vehicles included in the Assets; rather, each of the Buyers Buyer shall remit such Taxes on the motor vehicles it has purchased to the appropriate Taxing Authorities when the Buyer retitles such motor vehicles. The Buyers agree Buyer agrees to retitle the such motor vehicles they purchase from Seller within thirty (30) days after the Closing Date.
Appears in 1 contract
