Common use of Tax And Withholding Payments and Filing of Tax Returns Clause in Contracts

Tax And Withholding Payments and Filing of Tax Returns. Following the Closing and on or before the due date thereof, Seller will file or cause its Manager to file any tax returns and pay any taxes, employee withholding, worker’s compensation premiums, and any other amounts due to any governmental authority arising out of the operation of the Property due for the final period of Seller’s ownership that are necessary for Purchaser to obtain a clearance certificate from the State in which the Real Property is located. Seller shall take and cause Manager to any other steps that may be necessary on their part for Purchaser to obtain the clearance certificates and shall generally cooperate with Purchaser in its effort to obtain the clearance certificates. Seller’s obligations under this Section 3.11 shall survive the Closing.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Condor Hospitality Trust, Inc.), Purchase and Sale Agreement (Condor Hospitality Trust, Inc.), Purchase and Sale Agreement (Condor Hospitality Trust, Inc.)

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Tax And Withholding Payments and Filing of Tax Returns. Following the Closing and on or before the due date thereof, Seller will file or cause its Manager to file any tax returns and pay any taxes, employee withholding, worker’s 's compensation premiums, and any other amounts due to any governmental authority arising out of the operation of the Property due for the final period of Seller’s 's ownership that are necessary for Purchaser to obtain a clearance certificate from the State in which the Real Property is located. Seller shall take and cause Manager to any other steps that may be necessary on their part for Purchaser to obtain the clearance certificates and shall generally cooperate with Purchaser in its effort to obtain the clearance certificates. Seller’s 's obligations under this Section 3.11 shall survive the Closing.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Condor Hospitality Trust, Inc.), Purchase and Sale Agreement (Condor Hospitality Trust, Inc.), Purchase and Sale Agreement (Condor Hospitality Trust, Inc.)

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