Common use of Purchaser’s Covenant Clause in Contracts

Purchaser’s Covenant. 7.1 The Purchaser covenants to pay to each Seller (for and on behalf of each relevant Seller Person) an amount equal to any liability or increased liability to Tax of any Seller Person which arises as a consequence of or by reference to any Group Company (after Completion) or the Purchaser or any member of the Purchaser’s Group (at any time) failing to pay any amount of Tax for which it is liable.

Appears in 2 contracts

Samples: www.mmg.com, www.mmg.com

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Purchaser’s Covenant. 7.1 8.1 The Purchaser covenants to pay to each Seller (for and on behalf of each relevant Seller Person) the Sellers an amount equal to any Tax assessed on the Sellers to the extent that such Tax is primarily the liability or increased liability to Tax of any Seller Person a Group Company, which arises as a consequence of or arose by reference to any Group Company (an Event occurring or income, profits or gains earned, accrued or received after Completion) or , and is not of a type which would allow it to be claimed by the Purchaser or any member of from the Purchaser’s Group (at any time) failing to pay any amount of Tax for which it is liableSellers under this Schedule.

Appears in 1 contract

Samples: Share Purchase Agreement (Sensata Technologies Holding N.V.)

Purchaser’s Covenant. 7.1 6.1 The Purchaser covenants to pay to each the Seller (for and on behalf of each relevant Seller Person) an amount equal to any liability or increased liability to Tax of the Seller or any Seller Person member of the Seller’s Group which arises as a consequence of or by reference to any Group Company (after Completion) or the Purchaser or any other member of the Purchaser’s Group (at any time) failing to pay any amount of Tax for which it is liable.

Appears in 1 contract

Samples: Share Purchase Agreement (Primo Water Corp /CN/)

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Purchaser’s Covenant. 7.1 The 11.1 Subject to paragraph 11.2, the Purchaser covenants with the Seller to pay to each the Seller (for and on behalf of each relevant Seller Person) an amount equal to any liability to Taxation of the Seller or increased of any company which is under the control of or connected or associated with the Seller arising as a result of or in connection with a Group Company failing to discharge any liability to Tax of Taxation (together with any reasonable third party costs and expenses properly incurred by the Seller Person which arises as a consequence of or by reference to any Group Company (after Completion) or the Purchaser or any member of the Purchaser’s Group (at any time) failing to pay any amount of Tax for which it is liablethat company in connection with such liability).

Appears in 1 contract

Samples: Agreement (Ingevity Corp)

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