Common use of ROLLBACK TAXES Clause in Contracts

ROLLBACK TAXES. If this sale or a change in use of the Property or denial of a special use valuation on the Property claimed by Seller results in assessments after Closing of additional taxes for periods of Seller's ownership, the additional taxes plus an penalties and interest shall be paid by Seller to Purchaser immediately upon receipt by Seller of a statement for the taxes, unless this box [ ] is checked in which case Purchaser shall pay the additional taxes plus any additional penalties and interest. This obligation shall survive the Closing.

Appears in 1 contract

Samples: Broadview Media Inc

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ROLLBACK TAXES. If this sale or a change in use of the Property or denial of a special use valuation on the Property claimed by Seller results in assessments the assessment after Closing of additional taxes for periods of Seller's ownership, the additional taxes plus an any penalties and interest shall be paid by Seller to Purchaser immediately upon receipt by Seller of a statement for the taxes, unless this box [ ] is checked in which case Purchaser shall pay the additional taxes plus any additional penalties and interestPurchaser. This obligation shall survive the Closing.

Appears in 1 contract

Samples: Haggar Corp

ROLLBACK TAXES. If this sale or a change in use of the Property or denial of a special use valuation on the Property claimed by Seller results in assessments the assessment after Closing of additional taxes for periods of Seller's ownership, the additional taxes plus an any penalties and interest shall be paid by Seller to Purchaser immediately upon receipt by Seller of a statement for the taxes, unless this box [ ] / / is checked in which case Purchaser shall pay the additional taxes plus any additional penalties and interest. This obligation shall survive the Closing.

Appears in 1 contract

Samples: Lease Agreement (Cerprobe Corp)

ROLLBACK TAXES. If this sale or a change in use of the Property or denial of a special use valuation on the Property claimed by Seller results in assessments the assessment after Closing of additional taxes for periods of Seller's ownership, the additional taxes plus an any penalties and interest shall be paid by Seller to Purchaser immediately upon receipt by Seller of a statement for the taxes, unless this box [ ] is checked in which case Purchaser shall pay the additional taxes plus any additional penalties and interestPurchaser. This obligation shall survive the Closing.

Appears in 1 contract

Samples: Haggar Corp

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ROLLBACK TAXES. If this sale or a change in use of the Property or denial of a special use valuation on the Property claimed by Seller results in assessments the assessment after Closing of additional taxes for periods of Seller's ownership, the additional taxes plus an any penalties and interest shall be paid by Seller to Purchaser immediately upon receipt by Seller of a statement for the taxes, unless this box [ ] is checked in which case Purchaser shall pay the additional taxes plus any additional penalties and interest. This obligation shall survive the Closing.

Appears in 1 contract

Samples: Bollinger Industries Inc

ROLLBACK TAXES. If this sale or a change in use of the Property or denial of a any special use valuation on the Property claimed by Seller results in assessments the assessment after Closing of additional taxes for periods applicable to the period of Seller's ownershiptime before the Closing, Seller shall pay to Purchaser the additional taxes plus an any penalties and interest shall be paid by Seller to Purchaser immediately upon receipt by Seller of a written statement for the taxes, unless this box [ ] o is checked in which case Purchaser shall pay the additional taxes plus any additional penalties and interest. This obligation shall will survive the Closing.

Appears in 1 contract

Samples: Indemnification Agreement (Kent International Holdings Inc)

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