Common use of Tax Character Clause in Contracts

Tax Character. Seller and Buyer agree that any payments pursuant to this Article X will be treated for federal and state income tax purposes as adjustments to the purchase price of the Assets, and that they will report such payments on all Tax Returns consistently with such characterization.

Appears in 1 contract

Samples: Asset Purchase Agreement (Health Power Inc /De/)

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Tax Character. Seller and Buyer Purchaser agree that any payments pursuant to this Article X will be treated for federal and state income tax purposes as adjustments to the purchase price of the AssetsMembership Interest, and that they will report such payments on all Tax Returns consistently with such characterization.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (American Real Estate Partners L P)

Tax Character. Seller and Buyer agree that any payments ------------- pursuant to this Article X will be treated for federal and state income --------- tax purposes as adjustments to the purchase price of the AssetsShares, and that they will report such payments on all Tax Returns consistently with such characterization.

Appears in 1 contract

Samples: Stock Purchase Agreement (Advanced Communications Group Inc/De/)

Tax Character. Seller and Buyer agree that any payments pursuant to this Article X will be treated for federal and state income tax purposes as adjustments to the purchase price of the AssetsShares, and that they will report such payments on all Tax Returns consistently with such characterization.

Appears in 1 contract

Samples: Stock Purchase Agreement (Health Power Inc /De/)

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Tax Character. Seller and Buyer Purchaser agree that any payments pursuant to this Article X will be treated for federal and state income tax purposes as adjustments to the purchase price Purchase Price of the AssetsSecurities, and that they will report such payments on all Tax Returns consistently with such characterization.

Appears in 1 contract

Samples: Purchase Agreement (American Real Estate Partners L P)

Tax Character. The Seller and the Buyer agree that any payments pursuant to this Article ARTICLE X will be treated for federal and state income tax purposes as adjustments to the purchase price of the AssetsShares, and that they will report such payments on all Tax Returns consistently with such characterization.

Appears in 1 contract

Samples: Stock Purchase Agreement (Vacation Ownership Marketing Inc)

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