Examples of Specified Sales in a sentence
Other than with respect to Specified Sales, the Borrower will make payment on the Revolving Loans in an amount equal to 100% of the Net Proceeds received by the Credit Parties from any Asset Sale to the extent such Net Proceeds exceed the threshold amounts provided in Section 7.4(a)(ii).
Purchaser shall promptly notify Seller of the commencement of any Tax Proceeding in respect of Specified Sales Taxes (if such Taxes are treated as Indemnified Taxes), and Seller shall have the right to control, at Seller’s expense, any such Tax Proceeding to the extent that such Tax Proceeding relates to Specified Sales Taxes.
Clause (v) of the preceding sentence is intended to ensure that the right of the holders of Company Stock (other than Optionholders) to the Escrow Fund and Specified Sales Tax Holdback and any interest and earnings earned thereon is not treated as a contingent payment without a stated maximum selling price under Section 453 of the Code and the Treasury Regulations promulgated thereunder.
All employees of Seller hired by Buyer will be considered "Hired Employees." Buyer shall use its commercially reasonable efforts to promptly transition each Specified Sales Employee to a PEO arrangement with ADP, Inc.
CORPORATE SEAL if available SIGNATURE DATE 2/10/2022 TIPS RFP # 220107 Required Confidential Information Status Form Specified Sales, Inc.