Common use of Characterization of Payments Clause in Contracts

Characterization of Payments. Any payments made to any Party pursuant to Article VII, or Section 2.9 shall constitute an adjustment of the Purchase Price for Tax purposes and shall be treated as such by Purchaser and the Sellers on their Tax Returns to the extent permitted by applicable Law.

Appears in 2 contracts

Samples: Asset Purchase Agreement, Asset Purchase Agreement (Thoratec Corp)

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Characterization of Payments. Any payments made to any Indemnified Party pursuant to Article VII, or Section 2.9 8 shall constitute an adjustment of the Purchase Price consideration paid for the Shares for Tax purposes and shall be treated as such by Purchaser and the Sellers Parties on their Tax Returns to the extent permitted by applicable Law.

Appears in 1 contract

Samples: Share Purchase Agreement (Syneron Medical Ltd.)

Characterization of Payments. Any payments made to any Party party pursuant to Article VII, or Section 2.9 9.2 shall constitute an adjustment of the Purchase Price for Tax purposes and shall be treated as such by Purchaser Buyer and the Sellers Seller on their Tax Returns to the extent permitted by applicable Law.law

Appears in 1 contract

Samples: Sale and Purchase Agreement (Silicon Laboratories Inc)

Characterization of Payments. Any payments made to any Party party pursuant to this Article VII, or Section 2.9 VIII shall constitute an adjustment of the Purchase Price for Tax purposes and shall be treated as such by Purchaser and the Sellers Parties on their Tax Returns to unless otherwise required by a change in law occurring after the extent permitted by date hereof, a closing agreement with an applicable LawTax Authority or a final, non-appealable judgment of a court of competent jurisdiction.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Body & Mind Inc.)

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Characterization of Payments. Any payments made to any Party party pursuant to Article VII, Section 7.2 or Section 2.9 7.3 or any indemnity hereunder shall constitute an adjustment of the Purchase Price consideration paid for Tax purposes and shall be treated as such by Purchaser and the Sellers applicable parties on their Tax Returns to the extent permitted by applicable Lawlaw.

Appears in 1 contract

Samples: Employment Agreement (Cnet Networks Inc)

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