Common use of OWNERSHIP FOR TAX PURPOSES Clause in Contracts

OWNERSHIP FOR TAX PURPOSES. Shareholders agree that, for purposes of federal and other taxes based on income, Each Shareholder will be treated as the owner of an equal percentage of the Escrow Fund, respectively, and each Shareholder will report all income, if any, that is eamed on, or derived from, the Escrow Fund as their income, in such proportions, in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Shareholders Stockholders agree that, for purposes of federal and other taxes based on income, Each Shareholder Stockholders will (a) be treated as the owner of an equal percentage owners of the Escrow Fund, respectively, and each Shareholder will (b) report all income, if any, that is eamed earned on, or derived from, the Escrow Fund as their income, the income of Stockholders in such proportions, the in the taxable year or years in which such income is properly includible includible, and (c) pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. The Shareholders agree that, for purposes of federal and other taxes based on income, Each each Shareholder will be treated as the owner of an equal percentage of such Shareholder’s pro rata interest in the Escrow Fund, respectivelyShares, and that each Shareholder will report all income, if any, that is eamed earned on, or derived from, the Escrow Fund Shares as their such Shareholder’s income, in such proportions, in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Shareholders agree that, for purposes of federal and other taxes based on income, Each Shareholder will Shareholders shall be treated as the owner of an equal percentage owners of the Escrow Fund, respectively, and each Shareholder that Shareholders will report all income, if any, that is eamed earned on, or derived from, the Escrow Fund as their its income, pro rata according to their allocable interests in such proportionsthe Escrow Fund, in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Shareholders agree The Shareholder agrees that, for purposes of federal and other taxes based on income, Each the Shareholder will be treated as the owner of an equal percentage of the Escrow FundShares, respectively, and each Shareholder that it will report all income, if any, that is eamed earned on, or derived from, the Escrow Fund Shares as their its income, in such proportions, in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Shareholders Escrow Stockholders agree that, for purposes of federal and other taxes based on income, Each Shareholder Escrow Stockholders will be treated as the owner of an equal percentage of the Escrow Fund, respectively, Stock and each Shareholder that Escrow Stockholders will report all income, if any, that is eamed earned on, or derived from, the Escrow Fund Stock as their income, in such proportions, its income in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.

OWNERSHIP FOR TAX PURPOSES. Company Shareholders agree that, for purposes of federal and other taxes based on income, Each Shareholder Company Shareholders (or their successors) will be treated as the owner of an equal percentage owners of the Escrow Fund, respectively, Deposit and each Shareholder that Company Shareholders will report all income, if any, that is eamed earned on, or derived from, the Escrow Fund Deposit as their income, in such proportions, its income in the taxable year or years in which such income is properly includible and pay any taxes attributable thereto.