Tangible Personal Property Tax Sample Clauses

Tangible Personal Property Tax. By the Closing Date, Sellers shall have filed the Tangible Personal Property Tax returns for Wycon, Americlaim and Unamark for the calendar year 1998. Sellers shall pay the Tangible Personal Property Tax obligations for Wycon, Americlaim and Unamark when due. Buyer shall reimburse Sellers for Buyer's pro rata share of the Tangible Personal Property Tax based on the fraction of the calendar year 1998 that Buyer is the owner of the Seller Assets.