Common use of Transfer and Gains Taxes Clause in Contracts

Transfer and Gains Taxes. EQR and Wellsford shall cooperate in the preparation, execution and filing of all returns, questionnaires, applications or other documents regarding any real property transfer or gains, sales, use, transfer, value added stock transfer and stamp taxes, any transfer, recording, registration and other fees and any similar taxes which become payable in connection with the transactions contemplated by this Agreement (together with any related interests, penalties or additions to tax, "Transfer and Gains Taxes"). From and after the Effective Time, the Surviving Trust shall, or shall cause ERP Operating Partnership, as appropriate, to pay or cause to be paid, without deduction or withholding from any amounts payable to the holders of beneficial interests in the Surviving Trust, all Transfer and Gains Taxes.

Appears in 4 contracts

Samples: Tax Sharing Agreement (Equity Residential Properties Trust), Agreement and Plan of Merger (Wellsford Residential Property Trust), Tax Sharing Agreement (Equity Residential Properties Trust)

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