Seller’s Portion definition
Examples of Seller’s Portion in a sentence
For avoidance of doubt, Seller’s Portion of any Straddle Period Taxes shall be determined without regard to any Prepaid Taxes or Reserved Tax Liability.
Seller shall be liable for, and subject to the provisions of this Section 18, shall pay, indemnify and hold harmless the Buyer Indemnitees, on an after-tax basis, against Seller’s Portion of any Straddle Period Taxes (including any amounts paid to Seller under Section 18(j)) in excess of the Reserved Tax Liability and any Losses arising therefrom.
Unless expressly stated otherwise, any liability or obligation of the Sellers collectively arising out of this Agreement (including pursuant to Section 8.1) shall be several, not joint, and apportioned to each Seller according to the Seller’s Portion.
Each Seller will pay the Seller’s Portion of the fees and expenses incurred by Sellers and (except as provided in Section 8.17(c) below) National in connection with the drafting of this Agreement.
Buyer shall pay to the R&W Insurer the premium for the R&W Insurance Policy less Seller’s Portion of the R&W Insurance Policy Premium.