Common use of Treatment of Transaction for Tax Purposes Clause in Contracts

Treatment of Transaction for Tax Purposes. The parties agree that for ----------------------------------------- all purposes, including income tax and tax information reporting purposes, the exchange of assets for cash and the assumption of liabilities by DoveBid as provided for in this Agreement is a sale of assets from B&B to DoveBid to which Code Section 1001 applies.

Treatment of Transaction for Tax Purposes. The parties agree that for ----------------------------------------- all purposes, including income tax and tax information reporting purposes, the exchange of assets for cash and the assumption of liabilities by DoveBid as provided for in this Agreement is a sale of assets from B&B Unidyne to DoveBid to which Code Section 1001 applies.