Transfer and Sales Tax. Notwithstanding any provisions of law imposing the burden of such taxes on the Seller or the Buyer, as the case may be, the Seller shall be responsible for and shall pay (a) all sales, use and transfer taxes, and (b) all governmental charges, if any, upon the sale or transfer of any of the Assets hereunder. If the Seller shall fail to pay such amounts on a timely basis, the Buyer may pay such amounts to the appropriate governmental authority or authorities, and the Seller shall promptly reimburse the Buyer for any amounts so paid by the Buyer.
Transfer and Sales Tax. Notwithstanding any provisions of law imposing the burden of such taxes on the Seller or the Buyer, as the case may be, the Seller shall be responsible for and shall pay (a) all sales, bulk sales, use and transfer taxes, and (b) all governmental charges, if any, upon and due in connection with the sale or transfer of any of the Purchased Assets hereunder. If the Seller shall fail to pay such amounts on a timely basis, the Buyer may pay such amounts to the appropriate governmental authority or authorities, and the Seller shall promptly reimburse the Buyer for any amounts so paid by the Buyer.
Transfer and Sales Tax. Notwithstanding any provisions of law imposing the burden of such taxes on the Seller or the Buyer, as the case may be, the Buyer shall be responsible for and shall pay all sales, use and transfer Taxes, and all governmental charges, if any, upon the sale or transfer of any of the Acquired Assets hereunder.
Transfer and Sales Tax. Buyer shall be responsible for and shall pay all other filing and recording, sales, use, and transfer taxes and fees, if any, upon the sale or transfer of any of the Acquired Assets hereunder and the other transactions contemplated by this Agreement. Buyer shall also be responsible for all recordation, transfer, stamp taxes, and other costs and expenses.
Transfer and Sales Tax. Notwithstanding any provisions of law imposing the burden of such taxes on the Sellers or Buyer, as the case may be, the Sellers shall be responsible for and shall pay (a) all sales, use and transfer taxes, and (b) all governmental charges, if any, upon the sale or transfer of any of the NST Venture Interest or the Shares; provided that Buyer shall be responsible for and shall pay (i) any real estate transfer taxes (the "City Transfer Tax") imposed, if any, by the City of Chicago under the City Real Estate Transfer Tax law due to the purchase of the NST Venture Interests or the Shares or (ii) any sales, use or transfer Tax arising as consequence of any termination of the Joint Venture upon or after the Closing pursuant to Section 708 of the Code. If the Sellers shall fail to pay such amounts (other than the City Transfer Tax or any sale, use or transfer tax arising as a consequence of any termination of the Joint Venture after the Closing pursuant to Section 708 of the Code) on a timely basis, Buyer may pay such amounts to the appropriate Governmental Authority and the Sellers shall promptly reimburse Buyer for any amounts so paid by Buyer upon presentation of satisfactory evidence of such payment to the Sellers.
Transfer and Sales Tax. Buyer agrees to pay and shall indemnify Seller in respect of, and hold Seller harmless against, all sales, use, value added, goods and services, transfer or similar taxes, if any, arising out of the transactions contemplated by this Agreement, as well as any interest or penalties owing in connection therewith.
Transfer and Sales Tax. Notwithstanding any provisions of law imposing the burden of such taxes on the Seller/Lessee or the Buyer/Lessor, as the case may be, the Seller/Lessee shall be responsible for and shall pay (a) all sales, use and transfer taxes, and (b) all governmental charges, if any, upon the sale or transfer of any of the Purchased Assets hereunder. If the Seller/Lessee shall fail to pay such amounts on a timely basis, the Buyer/Lessor may pay such amounts to the appropriate governmental authority or authorities, and the Seller/Lessee shall promptly reimburse the Buyer/Lessor for any amounts so paid by the Buyer/Lessor.
Transfer and Sales Tax. Sellers shall bear and pay all stock transfer taxes and sales taxes, if any, payable with respect to the transactions provided for in this Agreement.
Transfer and Sales Tax. Each of the Seller, BSA and the Buyer, as the case may be, shall be responsible for and shall pay (a) all sales, use and transfer Taxes, and (b) all governmental charges, if any, upon the sale or transfer of any of the Assets hereunder, in each case, to the extent such party is required by local law or custom to pay such Taxes or charges. In furtherance of the foregoing, and not by way of limitation thereof, Buyer shall pay any transfer Taxes under French law relating to or arising out of the Buyer’s purchase of the BSA Shares within one (1) month of the Closing Date. If the Buyer or the Seller, as the case may be, shall fail to pay such amounts on a timely basis, the other party may pay such amounts to the appropriate governmental authority or authorities, and the Buyer or the Seller, as the case may be, shall promptly reimburse such other party for any amounts so paid.
Transfer and Sales Tax. 39 10.1 Payment............................................................39
