Treatment of Indemnity Payments. Any payments made pursuant to this Article XI shall be treated as an adjustment to the Purchase Price for all income Tax purposes and none of the parties shall take a contrary position with respect to any Tax Return, audit or other proceeding.
Appears in 7 contracts
Samples: Equity Purchase Agreement, Stock Purchase Agreement (Intercloud Systems, Inc.), Equity Purchase Agreement (Intercloud Systems, Inc.)
Treatment of Indemnity Payments. Any payments made pursuant to this Article XI shall be treated as an adjustment to the Purchase Price Total Consideration for all income Tax purposes and none of the parties shall take a contrary position with respect to any Tax Return, audit or other proceeding.
Appears in 2 contracts
Samples: Agreement and Plan of Merger, Agreement and Plan of Merger (NXT-Id, Inc.)
Treatment of Indemnity Payments. Any payments made pursuant to this Article XI X shall be treated as an adjustment to the Purchase Price for all income Tax purposes and none of the parties shall take a contrary position with respect to any Tax Return, audit or other proceeding.
Appears in 2 contracts
Samples: Asset Purchase Agreement (Genesis Group Holdings Inc), Asset Purchase Agreement (Genesis Group Holdings Inc)
