Conveyance Tax definition
Examples of Conveyance Tax in a sentence
The Seller, after the review and consent by the Purchaser, shall file such applications and documents as shall permit any such Conveyance Tax to be assessed and paid on or prior to the Closing in accordance with any available pre-sale filing procedure.
Parent or the Seller, after the review and consent by the Purchaser, shall file such applications and documents as shall permit any such Conveyance Tax to be assessed and paid on or prior to the Closing in accordance with any available pre-sale filing procedure.
The Party required to file and pay such Conveyance Taxes under applicable Tax Law, after review and consent by the other Party, shall file such applications and documents as shall permit any such Conveyance Tax to be assessed and paid on or after the Closing.
Sellers, after review and consent by Buyer, shall timely file all Conveyance Tax Returns and pay all required Conveyance Taxes.
Each Tax Return with respect to any Conveyance Tax shall be prepared by the Party that customarily has primary responsibility for filing such Tax Return pursuant to applicable Tax law.
The Parties agree to cooperate in the execution and delivery of all instruments and certificates necessary to comply with any Conveyance Tax filing requirements or to be entitled to any exemptions from (or reductions in) Conveyance Taxes in connection with the acquisition of the Olayan Company Shares by NESR from Olayan and/or the issuance of the Shares to Olayan.
The Seller and the Purchaser shall provide each other with such cooperation and information as any of them reasonably may request of the other in filing any Tax Return, amended Tax Return or claim for refund, determining any liability for Taxes or a right to a refund of Taxes, participating in or conducting any audit or other proceeding in respect of Taxes relating to the Purchased Assets or the Assumed Liabilities or reducing or avoiding any Conveyance Tax.
The Seller will prepare and timely file (with the reasonable cooperation of the Buyer) all Tax Returns with respect to such Conveyance Tax, subject to the Buyer’s right to review for no less than fifteen (15) Business Days prior to the due date thereof.
The Seller and the Purchaser agree that, unless otherwise required by Law, for all Tax purposes, including Conveyance Tax purposes, the sale and purchase of the ▇▇▇▇▇▇ Equity Interests (and any transfers pursuant to the Restructuring Transactions) will be reported in a manner that is consistent with the relevant allocation determined above and that neither of them (nor any of their respective Affiliates) will take any position inconsistent therewith on any Tax Return or otherwise.
The Party required to do so under Tax Law, after review and consent by the other Party, shall file such applications and documents as shall permit any such Conveyance Tax to be assessed and paid on or after the Closing.