Related to Purchase Price. Participant shall be solely responsible for the payment of all taxes on the Purchase Price. Fantex shall be entitled to deduct and withhold any amounts required by applicable law to be deducted and withheld from the Purchase Price and such withheld amounts shall be treated as paid to Participant. Fantex shall not be required to indemnify or “gross up” Participant for any such amounts withheld. Participant will indemnify Fantex for and hold it harmless from and against any taxes of Participant, which may be sought against, imposed upon or suffered by Fantex or which Fantex may incur as a result of Fantex’s failure to deduct and withhold such taxes from the Purchase Price payable under this Agreement.
Appears in 10 contracts
Samples: Fantex Brand Agreement (Fantex, Inc.), Fantex Brand Agreement (Fantex, Inc.), Fantex Brand Agreement (Fantex, Inc.)
Related to Purchase Price. Participant shall be solely responsible for the payment of all taxes on the Purchase Price. Fantex shall be entitled to deduct and withhold any amounts required by applicable law to be deducted and withheld from the Purchase Price and such withheld amounts shall be treated as paid to Participant. Fantex shall not be required to indemnify or “gross up” Participant for any such amounts withheld. Participant will indemnify Fantex for and hold it harmless from and against any taxes of Participant, Participant which may be sought against, imposed upon or suffered by Fantex or which Fantex may incur as a result of Fantex’s failure to deduct and withhold such taxes from the Purchase Price payable under this Agreement.
Appears in 4 contracts
Samples: Letter Agreement (Fantex, Inc.), Letter Agreement (Fantex, Inc.), Letter Agreement (Fantex, Inc.)
Related to Purchase Price. Participant shall be solely responsible for the payment of all taxes on the Purchase Price. Fantex shall be entitled to deduct and withhold any amounts required by applicable law to be deducted and withheld from the Purchase Price and such withheld amounts shall be treated as paid to Participant. Fantex shall not be required to indemnify or “gross up” Participant for any such amounts withheld. Participant will indemnify Fantex for and hold it harmless from and against any taxes of Participant, which may be sought against, imposed upon or suffered by Fantex or which Fantex may incur as a result of Fantex’s failure to deduct and withhold such taxes from the Purchase Price payable under this Agreement. 7.2.
Appears in 2 contracts
Samples: Letter Agreement (Fantex, Inc.), Letter Agreement (Fantex, Inc.)
Related to Purchase Price. Participant shall be solely responsible for the payment of all taxes on the Purchase Price. Fantex shall be entitled to deduct and Fantex Brand Agreement Standard Terms & Conditions withhold any amounts required by applicable law to be deducted and withheld from the Purchase Price and such withheld amounts shall be treated as paid to Participant. Fantex shall not be required to indemnify or “gross up” Participant for any such amounts withheld. Participant will indemnify Fantex for and hold it harmless from and against any taxes of Participant, which may be sought against, imposed upon or suffered by Fantex or which Fantex may incur as a result of Fantex’s failure to deduct and withhold such taxes from the Purchase Price payable under this Agreement.
Appears in 1 contract
Related to Purchase Price. Participant shall be solely responsible for the payment of all taxes on the Purchase Price. Fantex shall be entitled to deduct and withhold any amounts required by applicable law to be deducted and withheld from the Purchase Price and such withheld amounts shall be treated as paid to Participant. Fantex shall not be required to indemnify or “gross up” Participant for any such amounts withheld. Participant will indemnify Fantex for and hold it harmless from and against any taxes of Participant, which may be sought against, imposed upon or suffered by Fantex or which Fantex may incur as a result of Fantex’s failure to deduct and withhold such taxes from the Purchase Price payable under this Agreement.. Fantex Brand Agreement Standard Terms & Conditions
Appears in 1 contract
