Common use of PAYMENT OF ALL TAXES RESULTING FROM SALE OF ASSETS BY SELLER Clause in Contracts

PAYMENT OF ALL TAXES RESULTING FROM SALE OF ASSETS BY SELLER. Seller shall pay in a timely manner all taxes resulting from or payable in connection with the sale of the Acquired Assets pursuant to this Agreement, regardless of the Person on whom such taxes are imposed by Laws. Under no circumstances shall this Section 4.3. be interpreted to (a) obligate Seller to pay the income Taxes of any of its shareholders or (b) create any rights, as a third-party beneficiary or otherwise, in favor of any Person other than Buyer or Seller.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Mobivity Holdings Corp.), Asset Purchase Agreement (Mobivity Holdings Corp.)

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PAYMENT OF ALL TAXES RESULTING FROM SALE OF ASSETS BY SELLER. Seller shall pay in a timely manner all taxes Taxes resulting from or payable in connection with the sale of the Acquired Assets pursuant to this Agreement, regardless of the Person person or entity on whom such taxes Taxes are imposed by Laws. Under no circumstances shall this Section 4.3. 4.2 be interpreted to (a) obligate Seller to pay the income Taxes of any of its shareholders or (b) create any rights, as a third-party beneficiary or otherwise, in favor of any Person person or entity other than Buyer or Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Friendable, Inc.)

PAYMENT OF ALL TAXES RESULTING FROM SALE OF ASSETS BY SELLER. Seller shall pay in a timely manner all taxes Taxes resulting from or payable in connection with the sale of the Acquired Assets pursuant to this Agreement, regardless of the Person person or entity on whom such taxes Taxes are imposed by Laws. Under no circumstances shall this Section 4.3. 5.10 be interpreted to (a) obligate Seller to pay the income Taxes of any of its shareholders Members or (b) create any rights, as a third-third party beneficiary or otherwise, in favor of any Person person or entity other than Buyer or Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (BitNile Holdings, Inc.)

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PAYMENT OF ALL TAXES RESULTING FROM SALE OF ASSETS BY SELLER. Seller shall pay in a timely manner all taxes Taxes resulting from or payable in connection with the sale of the Acquired Assets pursuant to this Agreement, regardless of the Person on whom such taxes Taxes are imposed by Laws. Under no circumstances shall this Section 4.3. 11.01 be interpreted to (a) obligate Seller to pay the income Taxes of any of its shareholders Shareholder or (b) create any rights, as a third-third party beneficiary or otherwise, in favor of any Person other than Buyer Buyers or Seller.

Appears in 1 contract

Samples: Asset Purchase Agreement (Cti Molecular Imaging Inc)

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