Common use of Preparation of Tax Returns and Payment of Taxes Clause in Contracts

Preparation of Tax Returns and Payment of Taxes. The Buyer shall prepare (or cause to be prepared), and timely file, all Tax Returns with respect to the Business required to be filed with any Governmental Authority for all periods beginning on or after the Closing Date and shall pay (or cause to be paid) any Taxes due in respect of such Tax Returns. The Seller shall prepare (or cause to be prepared), and timely file, all Tax Returns with respect to any taxable periods ending on or before the Closing Date and shall be responsible for the Taxes due in respect of such Tax Returns.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Wausau Paper Corp.)

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Preparation of Tax Returns and Payment of Taxes. (a) The Buyer Vendors shall prepare (or cause to be prepared), ) and timely file, file all Tax Returns of the Entities with respect to the Business any Pre-Closing Taxable Period that are required to be filed with any Governmental Authority for all periods beginning on or Tax authority after the Closing Date and shall pay (or cause to be paid) any Taxes due in respect of such Tax Returns. The Seller shall prepare (or cause to be prepared), and timely file, all Tax Returns with respect to any taxable periods ending on or before the Closing Date and shall be responsible for the Taxes due in respect of such Tax Returns.

Appears in 1 contract

Samples: Purchase Agreement (Peace Arch Entertainment Group Inc)

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Preparation of Tax Returns and Payment of Taxes. The Buyer (a) Seller shall prepare (or cause to be prepared), ) and timely file, file all Tax Returns of the Company with respect to any taxable period that ends on or prior to the Business Closing Date that are required to be filed with any Governmental Authority for all periods beginning on or authority in a Covered Jurisdiction after the Closing Date Date, and shall pay (or cause to be paid) any Taxes due in respect of such Tax Returns. The Seller shall prepare (or cause to be prepared), and timely file, all Tax Returns with respect to any taxable periods ending on or before the Closing Date and shall be responsible for the Taxes due in respect of such Tax Returns.

Appears in 1 contract

Samples: Stock Purchase Agreement (Bancinsurance Corp)

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