Common use of Payment of Transfer Taxes Clause in Contracts

Payment of Transfer Taxes. The Purchaser, on the one hand, and the Sellers, on the other hand, shall pay or cause to be paid, and shall indemnify, defend and hold harmless the other party for, 50% of any and all Transfer Taxes attributable to the transactions contemplated by this Agreement. Purchaser and Sellers shall use commercially reasonable efforts to mitigate, reduce or eliminate Transfer Taxes that could arise from, or be due as a result of, the transactions contemplated in this Agreement.

Appears in 2 contracts

Samples: Purchase Agreement (Tecumseh Products Co), Purchase Agreement (Tecumseh Products Co)

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Payment of Transfer Taxes. The Purchaser, on the one hand, and the Sellers, on the other hand, shall pay or cause to be paid, and shall indemnify, defend and hold harmless the other party for, 50% of any and all Transfer Taxes attributable to the transactions contemplated by this AgreementthisAgreement. Purchaser and Sellers shall use commercially reasonable efforts to mitigate, reduce or eliminate Transfer Taxes that could arise from, or be due as a result of, the transactions contemplated in this Agreement.

Appears in 1 contract

Samples: Purchase Agreement (Regal Beloit Corp)

Payment of Transfer Taxes. The Purchaser, on the one hand, and the Sellers, on the other hand, shall pay or cause to be paid, and shall indemnify, defend and hold harmless the other party for, 50% of any and all Transfer Taxes attributable to the transactions contemplated by this Agreement. Purchaser and Sellers shall use commercially reasonable efforts to mitigate, reduce or eliminate Transfer Taxes that could arise from, or be due as a result of, the transactions contemplated in this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Winfred Berg Licensco Inc)

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Payment of Transfer Taxes. The Purchaser, on the one hand, and the SellersSellers and Invensys, on the other hand, shall pay or cause to be paid, and shall indemnify, defend and hold harmless the other party for, 50% of any and all Transfer Taxes attributable to the transactions contemplated by this Agreement. Purchaser and Sellers shall use commercially reasonable efforts to mitigate, reduce or eliminate Transfer Taxes that could arise from, or be due as a result of, the transactions contemplated in this Agreement.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tecumseh Products Co)

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