Common use of Real Estate Transfer and Gains Tax Clause in Contracts

Real Estate Transfer and Gains Tax. Either the Company or the Surviving Corporation shall pay all state or local Taxes, if any (collectively, the "Gains Taxes"), attributable to the transfer of the beneficial ownership of the Company's and its Subsidiaries' real properties, and any penalties or interest with respect thereto, payable in connection with the consummation of the Offer and the Merger. The Company shall cooperate with Parent in the filing of any returns with respect to the Gains Taxes, including supplying in a timely manner a complete list of all real property interests held by the Company and its Subsidiaries and any information with respect to such properties that is reasonably necessary to complete such returns. The portion of the consideration allocable to the real properties of the Company and its Subsidiaries shall be determined by Parent in its reasonable discretion. The stockholders of the Company shall be deemed to have agreed to be bound by the allocation established pursuant to this Section 6.12 in the preparation of any return with respect to the Gains Taxes.

Appears in 2 contracts

Samples: Agreement and Plan of Merger (Nippon Telegraph & Telephone Corp), Agreement and Plan of Merger (Verio Inc)

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Real Estate Transfer and Gains Tax. Either the Company or the Surviving Corporation shall pay all state or local Taxestaxes, if any (collectively, the "Gains Taxes"), attributable to the transfer of the beneficial ownership of the Company's and its Subsidiaries' real properties, and any penalties or interest with respect thereto, payable in connection with the consummation of the Offer and the Merger. The Company shall cooperate with Parent in the filing of any returns with respect to the Gains Taxes, including supplying in a timely manner a complete list of all real property interests held by the Company and its Subsidiaries and any information with respect to such properties that is reasonably necessary to complete such returns. The portion of the consideration allocable to the real properties of the Company and its Subsidiaries shall be determined by Parent in its reasonable discretion. The stockholders shareholders of the Company shall be deemed to have agreed to be bound by the allocation established pursuant to this Section 6.12 5.11 in the preparation of any return with respect to the Gains Taxes.

Appears in 1 contract

Samples: 5 Iii Agreement and Plan of Merger

Real Estate Transfer and Gains Tax. Either Parent and the Company agree that either the Company or the Surviving Corporation shall pay all state or local Taxestaxes, if any (collectively, the "Gains Taxes"), attributable to the transfer of the beneficial ownership of the Company's and its Subsidiaries' real properties, and any penalties or interest with respect thereto, payable in connection with the consummation of the Offer and the Merger. The Company shall cooperate with Parent in the filing of any returns with respect to the Gains Taxes, including supplying in a timely manner a complete list of all real property interests held by the Company and its Subsidiaries and any information with respect to such properties that is reasonably necessary to complete such returns. The portion of the consideration allocable to the real properties of the Company and its Subsidiaries shall be determined by Parent in its reasonable discretion. The stockholders shareholders of the Company shall be deemed to have agreed to be bound by the allocation established pursuant to this Section 6.12 5.11 in the preparation of any return with respect to the Gains Taxes.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Rorie Margaret S)

Real Estate Transfer and Gains Tax. Either the Company or the Surviving Corporation shall pay all state state, local or local Taxesforeign taxes, if any (collectively, the "Gains Taxes"), attributable to the transfer of the beneficial ownership of the Company's and its Subsidiaries' real properties, and any penalties or interest with respect thereto, payable in connection with the consummation of the Offer and the Merger. The Company shall cooperate with Parent in the filing of any returns with respect to the Gains Taxes, including supplying in a timely manner a complete list of all real property interests held by the Company and its Subsidiaries and any information with respect to such properties that is reasonably necessary to complete such returns. The portion of the consideration allocable to the real properties of the Company and its Subsidiaries shall be determined by Parent in its reasonable discretion. The stockholders of the Company shall be deemed to have agreed to be bound by the allocation established pursuant to this Section 6.12 5.11 in the preparation of any return with respect to the Gains Taxes.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Imc Global Inc)

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Real Estate Transfer and Gains Tax. Either the Company or the The Surviving Corporation shall pay all state or local Taxes, if any (collectively, the "Gains Taxes"), attributable to the transfer of the beneficial ownership of the Company's and its Subsidiaries' real properties, and any penalties or interest with respect thereto, payable in connection with the consummation of the Offer and the Merger. The Company shall cooperate with Parent in the filing of any returns with respect to the Gains Taxes, including supplying in a timely manner a complete list of all real property interests held by the Company and its Subsidiaries and any information with respect to such properties that is reasonably necessary to complete such returns. The portion of the consideration allocable to the real properties of the Company and its Subsidiaries shall be determined by Parent in its reasonable discretion. The stockholders of the Company shall be deemed to have agreed to be bound by the allocation established pursuant to this Section 6.12 6.10 in the preparation of any return with respect to the Gains Taxes.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Lowrance Electronics Inc)

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