Federal Income Tax Treatment. Each party shall be responsible for obtaining his, her or its own tax advice with respect to and understanding the federal income tax consequences of the transactions and the federal income tax consequences thereof contemplated by this Agreement and waives any reliance with respect thereto on any other party.
Appears in 6 contracts
Samples: Membership Units Purchase and Sale Agreement (Bella Petrellas Holdings, Inc.), Stock Purchase and Sale Agreement (Bella Petrellas Holdings, Inc.), Stock Purchase Agreement (High Point Transport, Inc.)
Federal Income Tax Treatment. Each party shall be responsible for obtaining his, her or its own tax advice with respect to and understanding the federal income tax consequences of the transactions and the federal income tax consequences thereof contemplated by this Agreement and waives any reliance with respect thereto on any other party. The Selling Stockholders understand the transaction will be taxable to them to the extent of “boot”.
Appears in 2 contracts
Samples: Stock Exchange Agreement (INTEGRATED FREIGHT Corp), Stock Exchange Agreement (INTEGRATED FREIGHT Corp)
Federal Income Tax Treatment. Each party shall be responsible for obtaining his, her or its own tax advice with respect to and understanding the federal income tax consequences of the transactions and the federal income tax consequences thereof contemplated by this Agreement and waives any reliance with respect thereto on any other party. Mr. & Xxx. Xxxxx understand the transaction will be taxable to them to the extent of “boot”.
Appears in 1 contract
Samples: Stock Exchange Agreement (Integrated Freight Systems, Inc.)
Federal Income Tax Treatment. Each party shall be responsible for obtaining his, her or its own tax advice with respect to and understanding the federal income tax consequences of the transactions and the federal income tax consequences thereof contemplated by this Agreement and waives any reliance with respect thereto on any other party. Xx. Xxxxxx understands the transaction will be taxable to him to the extent of “boot”.
Appears in 1 contract
Samples: Stock Exchangeagreement (Integrated Freight Systems, Inc.)
Federal Income Tax Treatment. Each party shall be responsible for obtaining his, her or its own tax advice with respect to and understanding the federal income tax consequences of the transactions and the federal income tax consequences thereof contemplated by this Agreement and waives any reliance with respect thereto on any other party. The Triple C Stockholders understand the transaction will be taxable to them at least to the extent of “boot”.
Appears in 1 contract
Federal Income Tax Treatment. Each party shall be responsible for obtaining his, her or its own tax advice with respect to and understanding the federal income tax consequences of the transactions and the federal income tax consequences thereof contemplated by this Agreement and waives any reliance with respect thereto on any other party. Mx. XxXxxxxx understands the transaction will be taxable to them to the extent of “boot”.
Appears in 1 contract
