Sales or Use Tax. In the event that any sales or use tax shall be due to any state or local governmental authority by reason of the sale of the Assets, such tax shall be borne by Buyer.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Adaptive Solutions Inc), Asset Purchase Agreement (Eastman Kodak Co)
Sales or Use Tax. In the event that any sales or use tax shall be due to any state or local governmental authority by reason of the sale of the Assets, such tax shall be borne by Buyer; provided, however, that Seller shall be solely responsible for any sales taxes arising out of the operation of the Business prior to Closing.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Document Security Systems Inc), Asset Purchase Agreement (Document Security Systems Inc)
Sales or Use Tax. In the event that any sales or use tax shall be due to any state or local governmental authority by reason of the sale of the Assets, such tax shall be borne by BuyerSeller.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Canandaigua National Corp), Asset Purchase Agreement (Canandaigua National Corp)
Sales or Use Tax. In the event that any sales or use tax shall be due to any state or local governmental authority by reason of the sale of the Assets, such tax shall be borne by BuyerBuyer and Seller equally.
Appears in 1 contract
