Common use of Reporting of Income Clause in Contracts

Reporting of Income. The Escrow Agent shall report to the Internal Revenue Service, as of each calendar year-end, and to the Purchaser and Canfxxxx Xxxhnologies, as applicable, all income earned from the investment of any sum held in the Escrow Account as and to the extent required under the provisions of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the "Code").

Appears in 1 contract

Samples: Asset Purchase Agreement (Kaydon Corp)

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Reporting of Income. The Escrow Agent shall report to the Internal Revenue Service, as of each calendar year-end, and to the Purchaser and Canfxxxx Xxxhnologies, as applicableOblas, all income earned from the investment of any sum held in the Escrow Account Fund against Oblas, as and to the extent required under the provisions of the Internal Revenue Code of 1986, as 1986,as amended, and the regulations promulgated thereunder (the "Code").

Appears in 1 contract

Samples: Termination Agreement (Crosspoint Foods Corp)

Reporting of Income. The Escrow Agent shall report to the Internal Revenue Service, as of each calendar year-year- end, and to the Purchaser and Canfxxxx Xxxhnologies, as applicable, Sellers all income earned from the investment of any sum held in the Escrow Account Account, as and to the extent required under the provisions of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the "Code").

Appears in 1 contract

Samples: Escrow Agreement (Ennis Business Forms Inc)

Reporting of Income. The Escrow Agent shall report to the Internal Revenue Service, as of each calendar year-end, and to the Purchaser and Canfxxxx Xxxhnologies, as applicable, DYAX all income earned from the investment of any sum held in the Escrow Account Property, as and to the extent required under the provisions of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the "Code").

Appears in 1 contract

Samples: Purchase Agreement (Dyax Corp)

Reporting of Income. The Escrow Agent shall report to the Internal Revenue ServiceService (the “IRS”), as of each calendar year-end, and to the Purchaser and Canfxxxx Xxxhnologies, as applicable, all Buyer income earned from the investment of any sum held in the Escrow Account against the Buyer, as and to the extent required under the provisions of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the "Code").

Appears in 1 contract

Samples: Purchase Agreement (Churchill Downs Inc)

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Reporting of Income. The Escrow Agent shall report to the Internal Revenue Service, as of each calendar year-end, and to the Purchaser and Canfxxxx XxxhnologiesSellers' Representative, as applicable, all income earned from the investment of any sum held in the Escrow Account as and to the extent required under the provisions of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the "Code").

Appears in 1 contract

Samples: Stock Purchase Agreement (Kaydon Corp)

Reporting of Income. The Escrow Agent shall report to the Internal Revenue ServiceService (the “IRS”), as of each calendar year-end, and to the Purchaser and Canfxxxx Xxxhnologies, as applicable, Seller all income earned from the investment of any sum held in the Escrow Account against the Seller, as and to the extent required under the provisions of the Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (the "Code").

Appears in 1 contract

Samples: Asset Purchase Agreement (Media Sciences International Inc)

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