Operating Taxes. Except as provided in this Article XIV, Buyer shall be liable for and pay all Taxes that arise as result of the sale, rental, lease, storage, use, consumption or operation of the Assets by Buyer after the Effective Time.
Operating Taxes. (a) Apportionment of Ad Valorem and Property Taxes. All ad valorem, real ---------------------------------------------- property taxes and personal property taxes, including interest and penalties attributable thereto (hereinafter "Property Taxes"), attributable to Grande's limited partnership interest in the Partnership's ownership and operation of the Properties with respect to the assessment period ("Property Tax Period") during which the Effective Time occurs shall be apportioned between Seller and Buyer by multiplying the total amount of such Property Taxes by a fraction, the numerator of which is the number of days in the partial period through and including the Effective Time and the denominator of which is the total number of days in the Property Tax Period. The Partnership shall file or cause to be filed all required reports and returns incident to the Property Taxes and shall pay or cause to be paid to the taxing authorities all Property Taxes relating to the Property Tax Period during which the Effective Time occurs. If Seller is the owner of Grande on the Property Tax assessment date, then the Settlement Price shall be increased by the amount of Buyer's portion of Property Taxes owed as set forth above. If the Property Tax assessment date occurs after Closing, then the Settlement Price shall be reduced by the estimated amount of Seller's portion of Property Taxes owed as set forth above. The allocation and payment of ad valorem taxes shall be handled through adjustments to the Settlement Price.
Operating Taxes. The Working Capital Statement shall include amounts payable or receivable by the Astra Tech Group in respect of Operating Taxes. For these purposes, Operating Taxes shall mean those Taxes (including amounts in respect of VAT, payroll and other employee related Tax) which are not calculated by reference to the income, profit or capital gains of the Astra Tech Group.
Operating Taxes. Without limiting the foregoing, Seller shall be solely responsible for all Taxes (other than Transfer Taxes, as set forth in Section 13.2, and Taxes subject to proration, as set forth in Section 13.3) incurred in connection with the Acquired Assets or the Business through the Effective Time, and Buyer shall be solely responsible for all Taxes incurred in connection with the Acquired Assets or Business after the Effective Time.
Operating Taxes. Except as specifically provided in this Article 14, Seller shall be solely responsible for all Taxes incurred in connection with the Acquired Assets or the Business prior to Closing, and Buyer shall be solely responsible for all Taxes incurred in connection with the Acquired Assets or Business after Closing.
Operating Taxes. 50 13.4 PREPAID RENTS/DEPOSITS.......................................................... 51 ARTICLE XIV - MISCELLANEOUS............................................................. 51
Operating Taxes. 54 (d) Tax Free Exchange...................................... 54 8.06 Default..................................................... 55 8.07
Operating Taxes. It shall be the sole obligation and liability --------------- of Seller to file all necessary tax returns and reports relating to the conduct of Business of the Facilities prior to the Closing Date with respect to all Taxes, whether such taxes are imposed directly upon Seller or collected by Seller from residents and remitted to the appropriate taxing authority, and it shall be the sole obligation of the Seller to pay, or cause the payment of, any and all of such Taxes. If requested by Seller, Buyer agrees to reasonably cooperate with Seller in the preparation and filing of such reports, which obligation shall survive the Closing.
Operating Taxes. Seller shall be responsible for, and shall pay in full when due, all Operating Taxes which accrue with respect to the Property prior to the Closing Date, and shall make all required filings in connection therewith. Purchaser shall be responsible for, and shall pay in full when due, all Operating Taxes which accrue with respect to the Property from and after the Closing Date, and shall make all required filings in connection therewith.
Operating Taxes
