Certain Rules. The indemnification obligations in this Section 10 are for the benefit of the Indemnified Parties and their officers, directors and employees. Unless otherwise required by applicable law, any indemnity payments made pursuant to this Agreement shall be treated by the Parties as an adjustment to the Purchase Price for all federal, state, local and foreign Tax purposes.
Appears in 2 contracts
Sources: Asset Purchase Agreement, Asset Purchase Agreement (Cherokee Inc)