Common use of Characterization of Payments Clause in Contracts

Characterization of Payments. Except for any amount required to be treated for Tax purposes as interest, all indemnity payments under Article X and under this Article XI and all payments required to be made under Section 3.2 of this Agreement will be treated as an adjustment to the purchase price paid for the Shares for tax purposes.

Appears in 3 contracts

Samples: Intellectual Property License Agreement (Northrop Grumman Corp /De/), Master Purchase Agreement (TRW Automotive Inc), Master Purchase Agreement (TRW Automotive Inc)

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Characterization of Payments. Except for any amount required to be treated for Tax purposes as interest, all indemnity payments under Article X and under this Article XI and all payments required to be made under Section 3.2 of this Agreement will be treated as an adjustment to the purchase price paid for the Shares and the Foreign Shares for tax purposes.

Appears in 2 contracts

Samples: The Master Purchase Agreement (TRW Automotive Inc), The Master Purchase Agreement (TRW Automotive Inc)

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Characterization of Payments. Except for any amount required to be treated for Tax purposes as interest, all indemnity payments under Article X and under this Article XI and all payments required to be made under Section 3.2 of this Agreement will be treated as an adjustment to the purchase price paid for the Shares and the Foreign Shares for tax purposes.”

Appears in 1 contract

Samples: Master Purchase Agreement (Northrop Grumman Corp /De/)

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