Treatment of Indemnification Payments. All indemnification payments made pursuant to this Article XI shall be treated by the parties for income Tax purposes as adjustments to the Final Purchase Price, unless (a) otherwise required pursuant to a “determination” (as defined in Section 1313(a) of the Code or any similar provision of state, local or foreign Law) or (b) Buyer and Sellers shall otherwise agree in writing.
Appears in 4 contracts
Samples: Membership Interest Purchase Agreement, Membership Interest Purchase Agreement (Gaming & Leisure Properties, Inc.), Membership Interest Purchase Agreement (OCM HoldCo, LLC)
Treatment of Indemnification Payments. All indemnification payments made pursuant to this Article XI ARTICLE XII shall be treated by the parties for income Income Tax purposes as adjustments to the Final Purchase Price, unless (a) otherwise required pursuant to a “determination” (by applicable Law. The liabilities in respect of which such indemnification payments are made shall, if applicable, be treated for Income Tax purposes as defined in Section 1313(a) additional applicable liabilities for purposes of the Code or any similar provision of state, local or foreign Law) or (b) Buyer and Sellers shall otherwise agree in writingPurchase Price Allocation.
Appears in 3 contracts
Samples: Acquisition Agreement (American Real Estate Partners L P), Acquisition Agreement (Atlantic Coast Entertainment Holdings Inc), Acquisition Agreement (Pinnacle Entertainment Inc)
Treatment of Indemnification Payments. All indemnification payments made pursuant to this Article XI 11 shall be treated by the parties for income Tax purposes as adjustments to the Final Purchase Pricepurchase price, unless (ai) otherwise required pursuant to a “determination” (as defined in Section 1313(a) of the Code or any similar provision of state, local or foreign Law) or (bii) Buyer and Sellers shall otherwise agree in writing.
Appears in 2 contracts
Samples: Equity Interest Purchase Agreement (PNK Entertainment, Inc.), Equity Interest Purchase Agreement (Pinnacle Entertainment Inc.)
Treatment of Indemnification Payments. All indemnification payments made pursuant to this Article XI 11 shall be treated by the parties for income Tax purposes as adjustments to the Final Purchase Price, unless (a) otherwise required pursuant to a “determination” (as defined in Section 1313(a) of the Code or any similar provision of state, local or foreign Lawlaw) or (b) Buyer Purchaser and Sellers the Seller Parties shall otherwise agree in writing.
Appears in 2 contracts
Samples: Purchase Agreement, Purchase Agreement (Penn National Gaming Inc)
Treatment of Indemnification Payments. All indemnification payments made pursuant to this Article XI XII shall be treated by the parties for income Tax purposes as adjustments to the Final Purchase Price, unless (a) otherwise required pursuant to a “determination” (as defined in Section 1313(a) of the Code or any similar provision of state, local or foreign Law) or (b) Buyer and Sellers shall otherwise agree in writing).
Appears in 2 contracts
Samples: Membership Interest Purchase Agreement (Boyd Gaming Corp), Membership Interest Purchase Agreement (Penn National Gaming Inc)
Treatment of Indemnification Payments. All indemnification payments made pursuant to this Article XI 11 shall be treated by the parties for income Tax purposes as adjustments to the Final Purchase Price, unless (a) otherwise required pursuant to a “determination” (as defined in Section 1313(a) of the Code or any similar provision of state, local or foreign Lawlaw) or (b) Buyer Purchaser and Sellers Penn shall otherwise agree in writing.
Appears in 2 contracts
Samples: Purchase Agreement (Boyd Gaming Corp), Purchase Agreement (Penn National Gaming Inc)
Treatment of Indemnification Payments. All indemnification payments made pursuant to this Article XI ARTICLE XII shall be treated by the parties for income Tax purposes as adjustments to the Final Purchase Pricepurchase price, unless (ai) otherwise required pursuant to a “determination” (as defined in Section 1313(a) of the Code or any similar provision of state, local or foreign Law) or (bii) Buyer and provides Sellers with its written consent, which consent shall otherwise agree in writingnot be unreasonably withheld, conditioned or delayed.
Appears in 2 contracts
Samples: Equity Interest Purchase Agreement (CAESARS ENTERTAINMENT Corp), Equity Interest Purchase Agreement (Penn National Gaming Inc)
Treatment of Indemnification Payments. All indemnification payments made pursuant to this Article XI shall be treated by the parties for income Tax purposes as adjustments to the Final Purchase Price, unless (a) otherwise required pursuant to a “determination” (as defined in Section 1313(a) of the Code or any similar provision of state, local or foreign Law) or (b) Buyer and Sellers Seller shall otherwise agree in writing.
Appears in 1 contract
Samples: Membership Interest Purchase Agreement (Boyd Gaming Corp)