Tax Treatment of Indemnities. Any indemnity paid by a Party to another Party pursuant to this Article 7 or Article 9 shall be treated for federal, state and local income Tax purposes, as an adjustment to the Purchase Price, unless otherwise required by Law or as agreed by the Parties.
Appears in 4 contracts
Samples: Purchase and Sale Agreement, Purchase and Sale Agreement (Epl Oil & Gas, Inc.), Purchase and Sale Agreement (Marathon Oil Corp)
Tax Treatment of Indemnities. Any indemnity paid by a Party to another Party pursuant to this Article 7 XIV or Article 9 XIII shall be treated for federal, state and local income Tax purposes, as an adjustment to the Purchase Price, unless otherwise required by Law or as agreed by the Parties.
Appears in 4 contracts
Samples: Membership Interest Purchase and Sale Agreement, Membership Interest Purchase and Sale Agreement (Sanchez Midstream Partners LP), Purchase and Sale Agreement (Sanchez Production Partners LP)
Tax Treatment of Indemnities. Any indemnity paid by a Party to another Party pursuant to this Article 7 XIV or Article 9 XIII shall be treated for federal, state and local income Tax purposes, as an adjustment to the Purchase Price, unless otherwise required by Law or as agreed by the Parties.. Section 14.6
Appears in 1 contract
Samples: Purchase and Sale Agreement
