Common use of Transfer and Similar Taxes Clause in Contracts

Transfer and Similar Taxes. Notwithstanding any other provisions of this Agreement to the contrary, all sales, use, transfer, stamp, duties, recording and similar Taxes (collectively, “Transfer Taxes”) incurred in connection with the transactions contemplated by this Agreement shall be borne by 50% by Seller and 50% by Buyer, and Buyer shall file all necessary Tax Returns and other documentation with respect to Transfer Taxes. If required by Applicable Law, Seller will join in the execution of any such Tax Return. Buyer shall provide copies of any Tax Returns with respect to Transfer Taxes to Seller no later than five (5) days after the due dates of such Tax Returns.

Appears in 2 contracts

Samples: Agreement of Purchase and Sale (CMS Energy Corp), Agreement of Purchase and Sale (Consumers Energy Co)

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Transfer and Similar Taxes. Notwithstanding any other provisions of this Agreement to the contrary, all sales, use, transfer, gains, stamp, duties, recording and similar Taxes (collectively, "Transfer Taxes") incurred in connection with the transactions contemplated by this Agreement shall be borne equally by 50% by Seller Buyer and 50% by BuyerSeller, and Buyer Seller shall accurately file all necessary Tax Returns and other documentation with respect to Transfer Taxes and timely pay all such Transfer Taxes. If required by Applicable Law, Seller Buyer will join in the execution of any such Tax Return. Buyer Seller shall provide copies of any Tax Returns with respect to Transfer Taxes to Seller Buyer no later than five (5) days after the due dates of such Tax Returns.

Appears in 1 contract

Samples: Stock Purchase Agreement (Panhandle Eastern Pipe Line Co)

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Transfer and Similar Taxes. Notwithstanding any other provisions of this Agreement to the contrary, all sales, use, transfer, gains, stamp, duties, recording and similar Taxes (collectively, “Transfer Taxes”"TRANSFER TAXES") incurred in connection with the transactions contemplated by this Agreement shall be borne equally by 50% by Seller Buyer and 50% by BuyerSeller, and Buyer Seller shall accurately file all necessary Tax Returns and other documentation with respect to Transfer Taxes and timely pay all such Transfer Taxes. If required by Applicable Law, Seller Buyer will join in the execution of any such Tax Return. Buyer Seller shall provide copies of any Tax Returns with respect to Transfer Taxes to Seller Buyer no later than five (5) days after the due dates of such Tax Returns.

Appears in 1 contract

Samples: Stock Purchase Agreement (Panhandle Eastern Pipe Line Co)

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