Common use of Transfer and Similar Taxes Clause in Contracts

Transfer and Similar Taxes. Each party to this Agreement, shall promptly pay all sales, use, privilege, transfer, documentary, gains, stamp, duties, recording and similar Taxes and fees (including any penalties, interest or additions) imposed upon such party incurred in connection with the transactions contemplated by this Agreement (collectively, the "Transfer Taxes"), and each such party shall, at its own expense, procure any stock transfer stamps required by, and accurately file all necessary Tax Returns and other documentation with respect to, any Transfer Tax.

Appears in 3 contracts

Samples: Agreement and Plan of Reorganization (Mafco Holdings Inc), Agreement and Plan of Reorganization (First Nationwide Holdings Inc), Agreement and Plan of Reorganization (First Nationwide Parent Holdings Inc)

AutoNDA by SimpleDocs

Transfer and Similar Taxes. Each Notwithstanding any other provision of this Agreement to the contrary, the party bearing the legal obligation to this Agreement, do so shall promptly pay all sales, use, privilege, transfer, documentary, gains, stamp, duties, recording and similar Taxes and fees (including any penalties, interest or additions) imposed upon such any party incurred in connection with the transactions contemplated by this Agreement (collectively, the "Transfer Taxes"), and each . The other party shall indemnify the paying party for 50% of such party shall, at its own expense, procure any stock transfer stamps required by, and accurately file all necessary Tax Returns and other documentation with respect to, any Transfer TaxTaxes.

Appears in 2 contracts

Samples: Acquisition Agreement (Calenergy Co Inc), Acquisition Agreement (Kiewit Peter Sons Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.