Allocation of Purchase Price and Purchase Price Allocation Forms. Buyer and Sellers agree to allocate the Purchase Price and the Assumed Liabilities among the Acquired Assets in accordance with Schedule 6.4 hereto (the “Allocation”). Sellers and Buyer will cooperate in filing with the Internal Revenue Service their respective Forms 8594 as provided for in Section 1060 of the Tax Code on a basis consistent with the Allocation, and the Allocation shall be reflected on any Tax Returns required to be filed as a result of the transactions contemplated hereby.
Allocation of Purchase Price and Purchase Price Allocation Forms. The Purchase Price, the Assumed Liabilities that constitute liabilities for tax purposes and other relevant items shall be allocated among the Acquired Assets and among Sellers in accordance with section 1060 of the Code. Buyer shall prepare an allocation schedule setting forth the allocation (the “Allocation Schedule”) within thirty (30) days after the date hereof, which Allocation Schedule shall be subject to the reasonable approval of Sellers. The Allocation Schedule shall identify the transferor and transferee thereof, and shall be prepared in accordance with Treas. Reg. section 1.1060-1 (or any comparable provision of state or local tax Law) or any successor provision. If the Sellers approve the Buyer’s allocation, the parties agree to report the federal, state, local and other Tax consequences of the purchase and sale hereunder (including in filings on Internal Revenue Service Form 8594) in a manner consistent with the agreed-upon allocation and that they will not take any position inconsistent therewith in connection with any Tax Return, refund claim, litigation or otherwise, unless and to the extent required to do so pursuant to applicable law. Sellers and Buyer shall cooperate in the filing of any forms (including Internal Revenue Service Form 8594) with respect to such allocation, if the allocation is agreed upon. Notwithstanding any other provision of this Agreement, this Section 11.5 shall survive any termination or expiration of this Agreement.
Allocation of Purchase Price and Purchase Price Allocation Forms. Buyer and Sellers agree to allocate the Purchase Price and the Assumed Liabilities among the Acquired Assets in accordance with a schedule to be reasonably agreed by them prior to the Closing Date (the "ALLOCATION"), provided that if Buyer and Sellers are not able to agree on the Allocation prior to the Closing Date, the Buyer's schedule of allocation shall be the Allocation. Sellers and Buyer will cooperate in filing with the Internal Revenue Service their respective Forms 8594 as provided for in SECTION 1060 of the Code on a basis consistent with the Allocation, and the Allocation shall be reflected on any Tax Returns required to be filed as a result of the transactions contemplated hereby.
Allocation of Purchase Price and Purchase Price Allocation Forms. The Purchase Price, the Assumed Liabilities and other relevant items shall be allocated among the Acquired Assets and among Seller in accordance with Section 1060 of the Code. Buyer shall prepare and deliver to Seller an allocation schedule setting forth Buyer’s determination of the allocation (the “Allocation Schedule”) within 60 days after the date hereof, which Allocation Schedule shall be subject to the reasonable approval of Seller. The Allocation Schedule shall identify the transferor and transferee thereof, and shall be prepared in accordance with Treas. Reg. Section 1.1060-1 (or any comparable provision of state or local tax Law) or any successor provision. The parties agree that they will report the federal, state, local and other Tax consequences of the purchase and sale hereunder (including in filings on IRS Form 8594) in a manner consistent with such allocation and that they will not take any position inconsistent therewith in connection with any Tax Return, refund claim, litigation or otherwise, unless and to the extent required to do so pursuant to applicable law. Seller and Buyer shall cooperate in the filing of any forms (including Form 8594) with respect to such allocation. Notwithstanding any other provision of this Agreement, this Section 10.5 shall survive any termination or expiration of this Agreement.
Allocation of Purchase Price and Purchase Price Allocation Forms. The Buyer shall, as promptly as practicable after the Closing Date, submit to the Seller a statement of the Buyer's allocation of the Purchase Price to the different items of Purchased Property (the "Allocation Statement"). The Buyer and Seller agree that the amount allocated under the Allocation Statement to the Equipment and Machinery shall not exceed its applicable Book Value. The Allocation Statement shall be binding and conclusive upon the parties hereto, unless the Seller objects in writing to any item or items shown on the Allocation Statement within ten Business Days after delivery thereof to the Seller. If the Buyer and the Seller shall be unable to resolve any dispute with regard to the Allocation Statement within ten Business Days after delivery of the Seller's written objections, the matter or matters in dispute shall be submitted (at the expense of the Buyer) to the
Allocation of Purchase Price and Purchase Price Allocation Forms. The Buyer shall, as promptly as practicable after the Closing Date, submit to the Seller a Table of Contents statement of the Buyer’s allocation of the Purchase Price to the different items of Purchased Property (the “Allocation Statement”). The Allocation Statement shall be binding and conclusive upon the parties hereto, unless the Seller objects in writing to any item or items shown on the Allocation Statement within ten Business Days after delivery thereof to the Seller. If the Buyer and the Seller shall be unable to resolve any dispute with regard to the Allocation Statement within ten Business Days after delivery of the Seller’s written objections, the matter or matters in dispute shall be submitted (at the expense of the Buyer) to the Buyer’s Accountant. The decision of the Buyer’s Accountant shall be conclusive and binding upon the Buyer and the Seller. Promptly after the Closing Date (but not before a resolution of all disputes, if any, with regard to the Allocation Statement), the Buyer’s Accountant shall prepare, in consultation with the Seller or the Seller’s Accountant, those statements or forms (including Form 8594 if available) required by Section 1060 of the Code and the Treasury regulations promulgated thereunder with respect to the allocation of the Purchase Price. Such statements or forms shall be prepared consistently with the allocation of Purchase Price. Such statements or forms shall be filed by the parties on their respective federal income tax returns as required by Section 1060 of the Code and the Treasury regulations promulgated thereunder and each party shall provide the other party with a copy of such statement or form as filed.
Allocation of Purchase Price and Purchase Price Allocation Forms. Purchaser and Seller agree to allocate the Purchase Price (which shall be increased for any liabilities that are deemed to be assumed for federal income tax purposes) among the assets of the Company accordance with a schedule to be prepared by Purchaser and delivered to Seller within 60 days of the Closing and agreed to by Seller within 15 days of delivery to Seller, such agreement not to be unreasonably withheld. If Seller does not agree to the schedule within such 15 days, subject to its rights to assert that such action by the Seller is unreasonable, Seller and Purchaser shall meet within 10 days of notice by either party and attempt to agree upon a schedule. In the event the Parties cannot agree, the Seller and Purchaser will submit the issue to a determination by an independent accounting firm selected by the primary accounting firms of each of Seller and Purchaser. Seller and Purchaser will cooperate in filing with the Internal Revenue Service their respective Forms 8594 as provided for in Section 1060 of the Code on a basis consistent with the Allocation, and the Allocation shall be reflected on any Tax Returns required to be filed as a result of the transactions contemplated hereby. Any adjustment to Purchase Price, shall, to the extent possible, be allocated to the assets that relate to such adjustment, and, subsequently, shall be allocated to goodwill.
Allocation of Purchase Price and Purchase Price Allocation Forms. Buyer and Sellers shall allocate the Purchase Price, the Assumed Liabilities and other relevant items among the Acquired Assets in accordance with section 1060 of the Code (the "ALLOCATION") as soon as reasonably practicable after the date hereof. Such allocation shall be solely for purposes of federal taxation. Sellers and Buyer shall cooperate in filing with the Internal Revenue Service their respective Forms 8594 as provided for in section 1060 of the Code and any other form required to be filed with any Government on a basis consistent with the Allocation, and Buyer and Sellers shall reflect the Allocation on any relevant Tax Returns required to be filed as a result of the transactions contemplated hereby.
Allocation of Purchase Price and Purchase Price Allocation Forms. Prior to the Closing Date, the Buyer and the Seller shall agree to allocate the Purchase Price and the Assumed Liabilities as between the Buyer and the Seller (or any appropriate assignee of the Buyer) (the "ALLOCATION"). The Allocation shall be attached to this Agreement prior to the Closing as SCHEDULE 10.3 hereto and shall be modified after the Closing to reflect any adjustments to the Purchase Price pursuant to Section 10.1 hereof. The Buyer and the Seller shall cooperate in filing with the Internal Revenue Service any required Forms 8594 as provided for in Section 1060 of the Code on a basis consistent with the Allocation. For all Tax purposes, the Buyer and the Seller agree to report the transactions contemplated by this Agreement in a manner consistent with the terms of this Agreement, and that neither of them will take any position inconsistent with such terms in the preparation, filing and audit of any Tax Returns.
Allocation of Purchase Price and Purchase Price Allocation Forms. (a) The Purchase Price, Assumed Liabilities and other relevant items shall be allocated among the Business Assets in accordance with Section 1060 of the Code. Purchaser shall engage at its expense a nationally recognized valuation firm to conduct a valuation of the Business Assets. Based on such valuation, Purchaser shall prepare and deliver to Seller an allocation schedule setting forth Purchaser’s proposed allocation of the Purchase Price, Assumed Liabilities and other relevant items among the Business Assets (the “Proposed Allocation Schedule”) within 60 days of the Closing Date or as soon thereafter as practicable. The Parties thereafter shall negotiate in good faith to agree upon a final allocation of the Purchase Price, Assumed Liabilities and other relevant items among the Business Assets within 30 days of the date of delivery of the Proposed Allocation Schedule.
