Common use of TAXES AND PREPAID ITEMS Clause in Contracts

TAXES AND PREPAID ITEMS. Except as otherwise provided herein, Seller will pay all sales, use, franchise, and other taxes and charges, which may become payable in connection with the sale of the Assets pursuant to the terms of this Agreement, and any and all other taxes and charges accruing out of the operation of Seller's businesses prior to the Closing Date. Purchaser and Sell shall agree prior to the Closing Date the tax allocation of the purchase Price to the Assets and Assigned Contracts.

Appears in 1 contract

Samples: Asset Purchase Agreement (Surety Holdings Corp)

AutoNDA by SimpleDocs

TAXES AND PREPAID ITEMS. Except as otherwise provided herein, Seller will pay all sales, use, franchise, and other taxes and charges, including, without limitation, ad valorem, or other taxes on the Real Estate, which may become payable in connection with the sale of the Assets pursuant to the terms of this Agreement, and any and all other taxes and charges accruing out of the operation of Seller's businesses prior to the Closing Date. Purchaser and Sell shall agree prior to the Closing Date the tax allocation of the purchase Price to the Assets and Assigned Contracts.

Appears in 1 contract

Samples: Purchase Agreement (Industrial Rubber Products Inc)

TAXES AND PREPAID ITEMS. Except as otherwise expressly provided herein, Seller will pay all sales, use, franchise, franchise and other taxes and charges, charges which may become payable in connection with the sale of the Assets pursuant to the terms of this Agreement, and any and all other taxes and charges accruing out of the operation of Seller's businesses business prior to the Closing Date. Notwithstanding the foregoing, Purchaser and Sell shall agree prior to be responsible for payment of any local or state sales tax imposed in connection with the Closing Date the tax allocation sale of the purchase Price to the Assets and Assigned Contractsfixed assets.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dynagen Inc)

TAXES AND PREPAID ITEMS. Except as otherwise provided herein, Seller Buyer will pay all sales, use, use franchise, and other taxes and charges, including, without limitation, ad valorem taxes or other taxes which may become payable in connection with the sale of the Assets pursuant to the terms of this Agreement, and any and all other taxes and charges accruing out of Sellers' use of the operation of Seller's businesses Assets prior to the Closing Date. Purchaser and Sell shall agree prior to the Closing Date the tax allocation of the purchase Price to the Assets and Assigned Contracts.

Appears in 1 contract

Samples: Purchase Agreement (Cryocon Inc)

AutoNDA by SimpleDocs

TAXES AND PREPAID ITEMS. Except as otherwise provided herein, Seller Sellers will pay all sales, use, franchise, and other taxes and charges, including, without limitation, ad valorem, or other taxes which may become payable in connection with the sale of the Assets pursuant to the terms of this Agreement, and any and all other taxes and charges accruing out of the operation of Seller's Sellers' businesses prior to the Closing Date. Purchaser and Sell shall agree prior to the Closing Date the tax allocation of the purchase Price to the Assets and Assigned Contracts.

Appears in 1 contract

Samples: Purchase Agreement (Seychelle Environmental Technologies Inc /Ca)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!