Common use of Value Assigned to the Assets Clause in Contracts

Value Assigned to the Assets. On or before the Closing Date, Purchaser and Seller shall agree on the proportion of the consideration to be allocated to each of the Assets purchased pursuant to this Agreement as shall have been proposed by Purchaser and reasonably approved by Seller, and Purchaser and Seller agree that they shall not thereafter take any position or action inconsistent with such allocation in the filing of any federal income Tax returns.

Appears in 2 contracts

Samples: Asset Purchase Agreement (DXP Enterprises Inc), Asset Purchase Agreement (Strategic Distribution Inc)

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Value Assigned to the Assets. On or before the Closing Date, Purchaser Buyer and Seller the Companies shall agree on the proportion of the consideration to be allocated to each of the Assets purchased pursuant to this Agreement as shall have been proposed by Purchaser Buyer and reasonably approved by Seller, the Companies and Purchaser Buyer and Seller Sellers agree that they shall not thereafter take any position or action inconsistent with such allocation in the filing of any federal income Tax returns.

Appears in 1 contract

Samples: Asset Purchase Agreement (Dailey Petroleum Services Corp)

Value Assigned to the Assets. On or before the Closing Date, Purchaser the Buyer and the Seller shall agree on the proportion of the consideration to be allocated to each of the Assets purchased pursuant to this Agreement as shall have been proposed by Purchaser the Buyer and reasonably approved by the Seller, and Purchaser the Buyer and the Seller agree that they shall not thereafter take any position or action inconsistent with such allocation in the filing of any federal Federal income Tax tax returns.

Appears in 1 contract

Samples: Asset Purchase Agreement (Rv Centers Inc)

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Value Assigned to the Assets. On or before the Closing Date, Purchaser and Seller shall agree on the proportion of the consideration to be allocated to each of the Assets purchased pursuant to this Agreement as shall have been proposed by Agreement. Purchaser and reasonably approved by Seller, and Purchaser and Seller Sellers agree that they shall not thereafter take any position or action inconsistent with such allocation in the filing of any federal income Tax returns.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Petro Stopping Centers L P)

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