Common use of Tax or Taxes Clause in Contracts

Tax or Taxes. All U.K. and U.S. federal, foreign, state, county or local net or gross income, gross receipts, sales, use, ad valorem, value-added, franchise, production, severance, windfall profit, withholding, payroll, employment, excise or similar taxes, assessments, duties, fees, levies, penalties, financial assurance or other governmental charges (together with any interest thereon, any penalties, additions to tax or additional amounts with respect thereto, and any interest in respect of such penalties, additions or additional amounts), and (ii) liability for the payment of any consolidated tax (together with any interest thereon, any penalties, additions to tax or additional amounts with respect thereto, and any interest in respect of such penalties, additions or additional amounts) of the type described in clause (i) of this paragraph. THIRD PARTY. As defined in Section 6.8. THIRD PARTY CLAIM. As defined in Section 7.5.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale of Stock (Pet Quarters Inc), Agreement of Purchase and Sale of Stock (Pet Quarters Inc)

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Tax or Taxes. All U.K. and U.S. federal, foreign, state, county or local net or gross income, gross receipts, sales, use, ad valorem, value-added, franchise, production, severance, windfall profit, withholding, payroll, employment, excise or similar taxes, assessments, duties, fees, levies, penalties, financial assurance or other governmental charges (together with any interest thereon, any penalties, additions to tax or additional amounts with respect thereto, and any interest in respect of such penalties, additions or additional amounts), and (ii) liability for the payment of any consolidated tax (together with any interest thereon, any penalties, additions to tax or additional amounts with respect thereto, and any interest in respect of such penalties, additions or additional amounts) of the type described in clause (i) of this paragraph. THIRD PARTY. As defined in Section 6.8. THIRD PARTY CLAIM. As defined in Section 7.5.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Pet Quarters Inc), Agreement of Purchase and Sale of Stock (Pet Quarters Inc)

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