Common use of OWNERSHIP FOR TAX PURPOSES Clause in Contracts

OWNERSHIP FOR TAX PURPOSES. Sellers agrees that, for purposes of federal and other taxes based on income, Sellers will be treated as the owner of the Stock Escrow Fund and that 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. Sellers Seller agrees that, for purposes of federal and other taxes based on income, Sellers Seller will be treated as the owner of the Stock Escrow Fund Fund, respectively, and that Sellers Seller will report all income, if any, that is earned on, or derived from, the Stock 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. Sellers Seller agrees that, for purposes of federal and other taxes based on income, Sellers Seller will be treated as the owner of 100% of the Stock Escrow Fund Fund, and that Sellers Seller will report all income, if any, that is earned on, or derived from, the Stock 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. Sellers Seller agrees that, for purposes of federal and other taxes based on income, Sellers Seller will be treated as the owner of the Stock Escrow Fund Escrowed Funds and that Sellers Seller will report all income, if any, that is earned on, or derived from, the Stock 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. Sellers agrees agree that, for purposes of federal and other taxes based on income, Sellers will be treated as the owner owners of the Stock Escrow Fund in accordance with their interests, and that Sellers will report all income, if any, that is earned on, or derived from, the Stock 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.

OWNERSHIP FOR TAX PURPOSES. Sellers agrees The parties agree that, for purposes of federal and other taxes based on income, Sellers Seller will be treated as the owner of the Stock Escrow Fund Fund, and that Sellers Seller will report all income, if any, that is earned on, or derived from, the Stock 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. Sellers agrees that, for purposes of federal and other taxes based on income, Sellers will be treated as the owner of the Stock Escrow Fund and that 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.