Common use of LIFO Adjustment Clause in Contracts

LIFO Adjustment. The Company, and not the Stockholders, shall be responsible for the payment of all costs and liabilities relating to any LIFO adjustment caused by the termination of the Company's status as an S corporation as a result of the transactions contemplated hereby.

Appears in 10 contracts

Samples: Stock Purchase Agreement (Group 1 Automotive Inc), Stock Purchase Agreement (Group 1 Automotive Inc), Stock Purchase Agreement (Group 1 Automotive Inc)

AutoNDA by SimpleDocs

LIFO Adjustment. The Company, and not the StockholdersStockholder, shall be responsible for the payment of all costs and liabilities relating to any LIFO adjustment caused by the termination of the Company's status as an S corporation as a result of the transactions contemplated hereby.

Appears in 1 contract

Samples: Stock Purchase Agreement (Group 1 Automotive Inc)

AutoNDA by SimpleDocs
Time is Money Join Law Insider Premium to draft better contracts faster.