Payment of Taxes on Sale and Transfer. The Purchaser shall be responsible for and shall pay when due any excise taxes (goods and services taxes) and similar taxes (but not income taxes of the Vendors) and any registration fees payable in respect of the sale and transfer of the Royalties to the Purchaser.
Payment of Taxes on Sale and Transfer. Franco shall be responsible for and shall pay when due any excise taxes (goods and services taxes) and similar taxes (but not income taxes of Xxxxxx) and any registration fees payable in respect of the sale and transfer of the Royalty to Franco.
Payment of Taxes on Sale and Transfer. The Purchaser shall be responsible for and shall remit and pay upon Closing, all property purchase taxes, federal Goods and Services taxes, provincial sales taxes and similar taxes and all duties and registration, transfer or other fees payable in respect of the sale and transfer of the Purchased Assets to the Purchaser. The Vendor shall be responsible for and pay all taxes, if any, payable pursuant to the ESQUIMALT AND NANAIMO RAILWAY BELT TAX ACT (British Columbia) in connection with the sale and transfer of the Purchased Assets to the Purchaser.
Payment of Taxes on Sale and Transfer. The responsibility for any Transfer Taxes payable in respect of the sale and transfer of the Purchased Assets to the Buyer shall be borne 50% by the applicable Seller and 50% by the Buyer and the parties shall cooperate in paying or causing to be paid when due such amounts to the appropriate Governmental Entity. The PPM Purchase Price shall be paid to PPM (or its designee) and the Xxxxx Purchase Price shall be paid to Xxxxx (or its designee) without any withholding or deduction for, or on account of, Taxes. If any withholding or deduction for, or account of, Taxes is required from the PPM Purchase Price or the Xxxxx Purchase Price by applicable Law, then the Buyer shall pay such additional amounts as are necessary such that the net amount received by PPM (or its designee) or Xxxxx (or its designee), as the case may be, after such withholding or deduction, is the amount that PPM (or its designee) or Xxxxx (or its designee), as the case may be, would have received had such withholding or deduction not been made. For the avoidance of doubt, 100% of any filing fees that become due and payable to the Bureau of Land Management or any other similar state land management agency at or after the Closing Time shall be borne by the Buyer or the Buyer Subsidiary.
Payment of Taxes on Sale and Transfer. Torrent shall be responsible for and shall pay when due any land transfer taxes, sales taxes, excise taxes (goods and services taxes) and similar taxes (but not income taxes of the Owner) and any registration fees payable in respect of the sale and transfer of the Xxxxxx Project to Torrent.
Payment of Taxes on Sale and Transfer. The Purchaser shall be responsible for and shall pay when due any property transfer, sales, social services, goods and services and similar Taxes and any registration and transfer charges and fees payable in respect of the sale and transfer of the Purchased Assets to the Purchaser. The Purchaser shall pay direct to the appropriate Governmental Authority all such taxes, charges and fees, (other than the goods and services tax imposed under Part IX of the Excise Tax Act (Canada) referred to in section 7.3), payable by it in respect of the purchase and sale of the Purchased Assets under this Agreement and, upon the request of the Vendor, the Purchaser shall furnish proof of such payment.
Payment of Taxes on Sale and Transfer. The Buyer shall be responsible for and shall pay, or cause to be paid, when due any land transfer taxes, sales taxes, excise taxes (goods and services taxes) and similar taxes (but not income taxes of the Seller) and any registration or other authority fees payable in respect of the sale and transfer of the Purchased Assets to the Newcos.
Payment of Taxes on Sale and Transfer. Purchaser shall be responsible for and shall pay when due any excise taxes (goods and services taxes), stamp duties and similar taxes (but not income taxes of Barrick) and any registration fees payable in respect of the sale and transfer of the Purchased Royalties to Purchaser. Barrick shall be responsible for and shall pay when due any excise taxes (goods and services taxes), stamp duties and similar taxes (but not income taxes of Purchaser) and any registration fees payable in respect of the sale and transfer of the Consideration Royalties to Barrick.
Payment of Taxes on Sale and Transfer. The Vendor will be responsible for and will pay when due sales taxes, social services taxes, goods and services taxes or similar taxes and any registration fees payable in respect of the sale and transfer of the Assets to the Purchaser and, where required by applicable legislation, will remit such taxes directly to the appropriate government agency.
Payment of Taxes on Sale and Transfer. Buyer shall be responsible for and shall pay when due any land transfer taxes, sales taxes, excise taxes (goods and services taxes) and similar taxes (but not income taxes of Seller) and any registration fees, taxes or charges payable in respect of the sale and transfer of the Business and Purchased Assets to Buyer and the assumption by Buyer of the Assumed Obligations. Without limiting the generality of the foregoing paragraph, at the Closing, Buyer and Seller shall table all completed returns required pursuant to the Social Service Tax Act (British Columbia) with respect to the sale of the Purchased Assets and/or the assumption by Buyer of the Assumed Obligations and Buyer shall table a cheque payable to the Minister of Finance (British Columbia) in the amount of the tax required to be paid pursuant to that statute. Immediately following the Closing, such returns and such cheque shall be forwarded by Buyer to the appropriate taxation authority. Notwithstanding the foregoing, the parties shall claim the benefit of any provision of applicable law that allows all or any of the Purchased Assets to be transferred to Buyer by Seller without payment of sales or transfer taxes, including any exemption for sales tax relating to production equipment or for goods acquired for resale.
