Common use of Values & Broker Clause in Contracts

Values & Broker. The contribution values for the Assets described in Section 2(b)(viii) below is $6,300,000.00 (the “Goodwill Value”). LMP shall contribute to NewCo the net aggregate Asset values for the Assets as stated in Section 2(b) below in immediately available funds and, if applicable as detailed below, LMP Stock, on the Closing Date. Each Party shall use the Asset values and other prorations described in the spreadsheet detailing inventories, values, debits and credits executed and delivered by the Parties on the Closing Date (the “Closing Memorandum”) in all reporting to, and all tax returns filed with, the Internal Revenue Service and other state and local taxing authorities. Xxxxxxxx Advisors, Inc. (the “Broker”) assisted Contributor with the transactions contemplated herein; the fees of which will be paid by Contributor on the Closing Date.

Appears in 1 contract

Samples: Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.)

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Values & Broker. The contribution values for the Assets described in Section 2(b)(viii) below is $6,300,000.00 900,000.00 (the “Goodwill Value”). LMP shall contribute to NewCo the net aggregate Asset values for the Assets as stated in Section 2(b) below in immediately available funds and, if applicable as detailed below, LMP Stock, on the Closing Date. Each Party shall use the Asset values and other prorations described in the spreadsheet detailing inventories, values, debits and credits executed and delivered by the Parties on the Closing Date (the “Closing Memorandum”) in all reporting to, and all tax returns filed with, the Internal Revenue Service and other state and local taxing authorities. Xxxxxxxx Advisors, Inc. (the “Broker”) assisted Contributor with the transactions contemplated herein; the fees of which will be paid by Contributor on the Closing Date.

Appears in 1 contract

Samples: Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.)

Values & Broker. The contribution values for the Assets described in Section 2(b)(viii) below is $6,300,000.00 9,100,000.00 (the “Goodwill Value”). LMP shall contribute to NewCo the net aggregate Asset values for the Assets as stated in Section 2(b) below in immediately available funds and, if applicable as detailed below, LMP Stock, on the Closing Date. Each Party shall use the Asset values and other prorations described in the spreadsheet detailing inventories, values, debits and credits executed and delivered by the Parties on the Closing Date (the “Closing Memorandum”) in all reporting to, and all tax returns filed with, the Internal Revenue Service and other state and local taxing authorities. Xxxxxxxx Advisors, Inc. (the “Broker”) assisted Contributor with the transactions contemplated herein; the fees of which will be paid by Contributor on the Closing Date.

Appears in 1 contract

Samples: Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.)

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Values & Broker. The contribution values for the Assets described in Section 2(b)(viii) below is $6,300,000.00 3,250,000.00 (the “Goodwill Value”). LMP shall contribute to NewCo the net aggregate Asset values for the Assets as stated in Section 2(b) below in immediately available funds and, if applicable as detailed below, LMP Stock, on the Closing Date. Each Party shall use the Asset values and other prorations described in the spreadsheet detailing inventories, values, debits and credits executed and delivered by the Parties on the Closing Date (the “Closing Memorandum”) in all reporting to, and all tax returns filed with, the Internal Revenue Service and other state and local taxing authorities. Xxxxxxxx Advisors, Inc. (the “Broker”) assisted Contributor with the transactions contemplated herein; the fees of which will be paid by Contributor on the Closing Date.

Appears in 1 contract

Samples: Dealership Asset Contribution Agreement (LMP Automotive Holdings, Inc.)

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