Common use of Tax Status and Effect Clause in Contracts

Tax Status and Effect. It is understood and agreed that neither Seller nor Buyer has made any representations to the other as to the tax status or tax effect of the transactions contemplated by this Agreement, and each of the Parties hereto is therefore separately taking counsel as to such matters and each is assuming, subject only to the express and specific provisions of this Agreement, the tax, if any, which may be incurred by reason of the carrying out of the terms and provisions hereof.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Canandaigua National Corp), Asset Purchase Agreement (Canandaigua National Corp), Asset Purchase Agreement (Document Security Systems Inc)

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Tax Status and Effect. It is understood and agreed that neither Seller Sellers nor Buyer has Purchasers have made any representations to the other as to the tax Tax status or tax Tax effect of the transactions contemplated by described in this Agreement, and each of the Parties hereto parties is therefore separately taking advice and counsel as to such matters matters, and each is assuming, subject only to the express and specific provisions of this Agreement, the taxTax, if any, which may be incurred by reason of the carrying out of the terms and provisions hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Tyler Technologies Inc)

Tax Status and Effect. It is understood and agreed that neither Seller nor Buyer has or have made any representations to the each other as to the tax status or tax effect of the transactions contemplated by this Agreement, and each of the Parties hereto is therefore separately taking counsel as to such matters and each is assuming, subject only to the express and specific provisions of this Agreement, the tax, if any, which may be incurred by reason of the carrying out of the terms and provisions hereof.. 8.02

Appears in 1 contract

Samples: Asset Purchase Agreement (Eastman Kodak Co)

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Tax Status and Effect. It is understood and agreed that neither Seller nor Buyer has or have made any representations to the each other as to the tax status or tax effect of the transactions contemplated by this Agreement, and each of the Parties hereto is therefore separately taking counsel as to such matters and each is assuming, subject only to the express and specific provisions of this Agreement, the tax, if any, which may be incurred by reason of the carrying out of the terms and provisions hereof.

Appears in 1 contract

Samples: Asset Purchase Agreement (Adaptive Solutions Inc)

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