Common use of Liability for Transfer Taxes Clause in Contracts

Liability for Transfer Taxes. Buyer shall be responsible for the payment of all Transfer Taxes, if any, that arise by reason of the consummation of the transactions contemplated by this Agreement. Buyer shall pay or cause to be paid, when due, to the appropriate taxing authorities all such Transfer Taxes and shall send to Seller a statement confirming such payment, which shall be accompanied by proof of Buyer’s actual payment of such Transfer Taxes.

Appears in 5 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement, Purchase and Sale Agreement (WildHorse Resource Development Corp)

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Liability for Transfer Taxes. Buyer shall be responsible for the payment of all Transfer Taxes, if any, Taxes that arise by reason of the consummation of the transactions contemplated by this Agreement. Buyer shall pay or cause to be paid, when due, to the appropriate taxing authorities all such Transfer Taxes and shall send to Seller a statement confirming such payment, which shall be accompanied by proof of Buyer’s actual payment of such Transfer Taxes.

Appears in 3 contracts

Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Diamondback Energy, Inc.), Purchase and Sale Agreement (Sandridge Energy Inc)

Liability for Transfer Taxes. Buyer shall be responsible for any state or local transfer, sales, use, stamp, registration or other similar taxes resulting from, or that are imposed upon Seller or the payment of all Transfer TaxesCompany as a result of, if any, that arise by reason of the consummation of the transactions contemplated by this Agreement. Buyer shall pay or cause to be paidand Seller, when dueas appropriate, shall, at the expense of Buyer, file, to the appropriate taxing authorities extent required by Applicable Law, all necessary tax returns and other documentation with respect to such Transfer Taxes and shall send to Seller a statement confirming taxes, and, if required by Applicable Law, Buyer or Seller, as appropriate, will join in the execution of any such payment, which shall be accompanied by proof tax return or other documentation of Buyer’s actual payment of such Transfer Taxesthe other.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Shell Midstream Partners, L.P.)

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Liability for Transfer Taxes. Buyer shall be responsible for the payment of all Transfer Taxesany state or local transfer, if anysales, use, stamp, registration or other similar Taxes resulting from or that arise by reason of the consummation are imposed upon Seller as a result of the transactions contemplated by this Agreement. Buyer shall pay or cause to be paidand Seller, when dueas appropriate, shall, at the expense of Buyer, file, to the appropriate taxing authorities extent required by applicable Laws, all necessary Tax Returns and other documentation with respect to such Transfer Taxes and shall send to Seller a statement confirming Taxes, and, if required by applicable Laws, Buyer and/or Seller, as appropriate, will join in the execution of any such payment, which shall be accompanied by proof Tax Return or other documentation of Buyer’s actual payment of such Transfer Taxesthe other.

Appears in 1 contract

Samples: Asset Purchase Agreement (Crestwood Midstream Partners LP)

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