Common use of OWNERSHIP FOR TAX PURPOSES Clause in Contracts

OWNERSHIP FOR TAX PURPOSES. Seller agrees that, for purposes of federal and other taxes based on income, Seller will be treated as the owner of the Escrow Fund and that Seller will report all income, if any, that is earned on, or derived from, the Escrow Fund as its income in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Seller agrees that, for purposes of federal and other taxes based on income, Seller will be treated as the owner of the Escrow Fund and that Seller will report all income, if any, that is earned on, or derived from, the Escrow Fund as its income in the taxable year or years in which such income is properly includible and pay any taxes attributable attrib- utable thereto.

OWNERSHIP FOR TAX PURPOSES. Seller agrees that, for purposes of federal and other taxes based on income, Seller will be treated as the owner of the Escrow Fund Fund, and that Seller will report all income, if any, that is earned on, or derived from, the Escrow Fund as its income in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Seller Sellers agrees that, for purposes of federal and other taxes based on income, Seller Sellers will be treated as the owner of the Escrow Fund and that Seller Sellers will report all income, if any, that is earned on, or derived from, the Escrow Fund as its income in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Seller agrees that, for purposes of federal and other taxes based on income, Seller will be treated as the owner of the Escrow Fund Escrowed Funds and that Seller will report all income, if any, that is earned on, or derived from, the Escrow Fund Escrowed Funds as its income in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Seller agrees The parties agree that, for purposes of federal and other taxes based on income, Seller will be treated as the owner of the Escrow Fund Fund, and that Seller will report all income, if any, that is earned on, or derived from, the Escrow Fund as its income his income, in the taxable year or years in which such income is properly includible includible, and will pay any taxes attributable thereto. Escrow Agent shall prepare 1099-Int for all interest earnings.

OWNERSHIP FOR TAX PURPOSES. Seller agrees that, for purposes of federal and other taxes based on income, Seller will be treated as the owner of 100% of the Escrow Fund Fund, and that Seller will report all income, if any, that is earned on, or derived from, the Escrow Fund as its income income, in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Seller agrees that, for purposes of federal and other taxes based on income, Seller will be treated as the owner of the Escrow Fund Fund, respectively, and that Seller will report all income, if any, that is earned on, or derived from, the Escrow Fund as its income income, in such proportions, in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Seller agrees Sellers agree that, for purposes of federal and other taxes based on income, Seller Sellers (or if Sellers' existence is terminated, on notice to Escrow Agent with applicable social security numbers, Sellers' Principals) will be treated as the owner of the Escrow Fund and that Seller Sellers will report all income, if any, that is earned on, or derived from, the Escrow Fund as its income in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Seller Sellers agrees that, for purposes of federal and other taxes based on income, Seller Sellers will be treated as the owner of the Stock Escrow Fund and that Seller Sellers will report all income, if any, that is earned on, or derived from, the Stock Escrow Fund as its income in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Seller agrees Sellers agree that, for purposes of federal and other taxes based on incomestate income taxes, Seller will be treated as the owner of the Escrow Fund and that Seller Sellers will report all income, if any, that is earned on, or derived from, the Escrow Fund as its income in the taxable year or years in which such income is properly includible includable and pay any taxes attributable thereto. The Escrow Agent shall allocate such earnings equally among the Sellers.

OWNERSHIP FOR TAX PURPOSES. Seller agrees Sellers agree that, for purposes of federal and other taxes based on income, Seller Sellers will be treated as the owner owners of the Escrow Fund in accordance with their interests, and that Seller Sellers will report all income, if any, that is earned on, or derived from, the Escrow Fund as its income their income, in such proportions, in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.