Common use of OWNERSHIP FOR TAX PURPOSES Clause in Contracts

OWNERSHIP FOR TAX PURPOSES. The Shareholder agrees that, for purposes of federal and other taxes based on income, the Shareholder will be treated as the owner of the Escrow Shares, respectively, and that it will report all income, if any, that is earned on, or derived from, the Escrow Shares as its 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. The Shareholder agrees Shareholders agree that, for purposes of federal and other taxes based on income, the Shareholder will Shareholders shall be treated as the owner owners of the Escrow Shares, respectivelyFund, and that it Shareholders will report all income, if any, that is earned on, or derived from, the Escrow Shares Fund as its income, pro rata according to their allocable interests in such proportionsthe Escrow Fund, in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. The Shareholder agrees Shareholders agree that, for purposes of federal and other taxes based on income, the Each Shareholder will be treated as the owner of an equal percentage of the Escrow SharesFund, respectively, and that it each Shareholder will report all income, if any, that is earned eamed on, or derived from, the Escrow Shares Fund as its their 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. The Shareholder agrees Escrow Stockholders agree that, for purposes of federal and other taxes based on income, the Shareholder Escrow Stockholders will be treated as the owner of the Escrow Shares, respectively, Stock and that it Escrow Stockholders will report all income, if any, that is earned on, or derived from, the Escrow Shares Stock as its income, in such proportions, income in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. The Shareholder agrees Shareholders agree that, for purposes of federal and other taxes based on income, the each Shareholder will be treated as the owner of such Shareholder’s pro rata interest in the Escrow Shares, respectively, and that it each Shareholder will report all income, if any, that is earned on, or derived from, the Escrow Shares as its such Shareholder’s 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. The Shareholder agrees Stockholders agree that, for purposes of federal and other taxes based on income, the Shareholder Stockholders will (a) be treated as the owner owners of the Escrow SharesFund, respectively, and that it will (b) report all income, if any, that is earned on, or derived from, the Escrow Shares Fund as its income, the income of Stockholders in such proportions, the in the taxable year or years in which such income is properly includible includible, and (c) pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. The Shareholder agrees Company Shareholders agree that, for purposes of federal and other taxes based on income, the Shareholder Company Shareholders (or their successors) will be treated as the owner owners of the Escrow Shares, respectively, Deposit and that it Company Shareholders will report all income, if any, that is earned on, or derived from, the Escrow Shares Deposit as its income, in such proportions, income in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.