Examples of Conveyance Taxes in a sentence
Each party shall, at its own expense, file all necessary Tax Returns and other documentation required to be filed by it with respect to all such Conveyance Taxes, and, if required by applicable Law, one or more of the other parties shall join in the execution of any such Tax Returns and other documentation.
Assignors and NB Group shall cooperate and otherwise make commercially reasonable efforts to obtain any available refunds for Conveyance Taxes, and the amount of any refunds so obtained shall be shared one-half by Assignors and one-half by NB Group.
Prior to the Closing Date, Buyer shall, in cooperation with Seller, estimate in good faith Seller’s portion of the Conveyance Taxes, as calculated above, and the amount of the Apportioned Obligations for the Pre-Closing Apportioned Period (collectively, the “Seller’s Tax Obligations”), which amount shall reduce the amount otherwise payable by Buyer under Section 2.02(a)(iii), above.
SELLER shall provide PURCHASER with a copy of any notice, deficiency assessment, or other writing received by SELLER from the relevant taxing authorities with respect to such Claims for Conveyance Taxes within ten (10) business days after SELLER’S receipt thereof, and PURCHASER shall have the right to defend SELLER against any such Claims with respect to Conveyance Taxes with counsel of PURCHASER’S choice reasonably satisfactory to SELLER.
All Conveyance Taxes arising out of or in connection with the transactions effected pursuant to this Agreement, as well as out-of-pocket costs associated with the preparation and filing of Tax Returns under this Section 10.1, shall be paid one-half by Assignors and one-half by NB Group.