Common use of FIRPTA Affidavits Clause in Contracts

FIRPTA Affidavits. At the Closing, each Seller shall execute and deliver to Buyer an affidavit pursuant to Section 1445(b)(2) of the Code in the form set forth in Treas. Reg. § 1.1445-2(b)(2)(iii)(B), and Buyer agrees that, except as otherwise provided in Section 1445(b)(7) of the Code and the regulations promulgated thereunder, upon the execution and delivery of such affidavits to Buyer, no deduction shall be made or claimed against the Aggregate Consideration by reason of the requirements of Sections 897 and 1445 of the Code.

Appears in 4 contracts

Samples: Purchase and Sale Agreement (Granite Broadcasting Corp), Purchase and Sale Agreement (Granite Broadcasting Corp), Purchase and Sale Agreement (Granite Broadcasting Corp)

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FIRPTA Affidavits. At the Closing, each Seller shall execute and deliver to Buyer an affidavit affidavits pursuant to Section 1445(b)(2) of the Code in the form set forth in Treas. Reg. § ss. 1.1445-2(b)(2)(iii)(B2(b)(2)(iii)(A), and Buyer agrees that, except as otherwise provided in Section 1445(b)(7) of the Code and the regulations promulgated thereunder, upon the execution and delivery of such affidavits to Buyer, no deduction shall be made or claimed against the Aggregate Consideration Purchase Price by reason of the requirements of Sections 897 and 1445 of the Code.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Granite Broadcasting Corp), Stock Purchase Agreement (Granite Broadcasting Corp)

FIRPTA Affidavits. At the Closing, each Seller Stockholders shall execute and deliver to Buyer an affidavit affidavits pursuant to Section 1445(b)(2) of the Code in the form set forth in Treas. Reg. § Section 1.1445-2(b)(2)(iii)(B2(b)(2)(iii)(A), and Buyer agrees that, except as otherwise provided in Section 1445(b)(7) of the Code and the regulations promulgated thereunder, upon the execution and delivery of such affidavits to Buyer, no deduction shall be made or claimed against the Aggregate Consideration Purchase Price by reason of the requirements of Sections 897 and 1445 of the Code.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Granite Broadcasting Corp)

FIRPTA Affidavits. At the Closing, each Seller shall execute and deliver to Buyer an affidavit affidavits pursuant to Section 1445(b)(2) of the Code in the form set forth in Treas. Reg. § Section 1.1445-2(b)(2)(iii)(B), and Buyer agrees that, except as otherwise provided in Section 1445(b)(7) of the Code and the regulations promulgated thereunder, upon the execution and delivery of such affidavits to Buyer, no deduction shall be made or claimed against the Aggregate Consideration Purchase Price by reason of the requirements of Sections 897 and 1445 of the Code.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Granite Broadcasting Corp)

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FIRPTA Affidavits. At the Closing, each Seller shall execute and deliver to Buyer an affidavit affidavits pursuant to Section 1445(b)(2) of the Code in the form set forth in Treas. Reg. § ss. 1.1445-2(b)(2)(iii)(B), and Buyer agrees that, except as otherwise provided in Section 1445(b)(7) of the Code and the regulations promulgated thereunder, upon the execution and delivery of such affidavits to Buyer, no deduction shall be made or claimed against the Aggregate Consideration Purchase Price by reason of the requirements of Sections 897 and 1445 of the Code.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Granite Broadcasting Corp)

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