Common use of Filing of Tax Returns and Payment of Taxes Clause in Contracts

Filing of Tax Returns and Payment of Taxes. Except as otherwise provided in this Agreement, the Seller shall be responsible for timely filing of all Tax Returns required by Law to be filed, and payment of all Taxes levied or imposed, in connection with the Business, the Purchased Assets, the operation of the Purchased Assets, or employees and independent contractors engaged in operating or maintaining the Purchased Assets or marketing products produced by the Purchased Assets, for any period ending on or prior to the Closing Date. The Buyer shall be responsible for timely filing of all Tax Returns required by Law to be filed, and payment of all Taxes levied or imposed, in connection with the Business, the Purchased Assets, the operation of the Purchased Assets, or employees and independent contractors engaged in operating or maintaining the Purchased Assets or marketing the products produced by the Purchased Assets, for any period after the Closing Date.

Filing of Tax Returns and Payment of Taxes. Except as otherwise provided in this Agreement, the Seller shall be responsible for timely filing of all Tax Returns required by Law to be filed, and payment of all Taxes levied or imposed, in connection with the Business, the Purchased Assets, the operation of the Purchased AssetsAssets or the Business, or employees and independent contractors engaged in operating or maintaining the Purchased Assets or marketing products produced by the Purchased AssetsAssets or the Business, for any period ending on or prior to the Closing Date. The Each Buyer shall be responsible for timely filing of all Tax Returns required by Law to be filed, and payment of all Taxes levied or imposed, in connection with the Business, ownership or operation of the Purchased AssetsAssets purchased by it, the operation of the Purchased Assetsportion of the Business acquired by it, or and the employees and independent contractors engaged in operating or maintaining the Purchased Assets acquired by such Buyer or marketing 103 the products produced by such Assets or the Purchased AssetsBusiness, for any period ending on or after the Closing Date.