EXCISE AND PROPERTY TAXES. Seller shall pay all sales, use and transfer taxes arising out of the transfer of the Assets and shall pay its portion, prorated as of the Closing Date, of state and local personal property taxes of the business. Buyer shall not be responsible for any business, occupation, withholding or similar tax, or for any taxes of any kind related to any period before the Closing Date.
EXCISE AND PROPERTY TAXES. Buyer shall pay seventy-five percent ------------------------- (75%) and Seller shall pay twenty-five percent (25%) of all sales and use taxes arising out of the transfer of the Purchased Assets. Each of Buyer and Seller and shall pay its respective portion, prorated as of the applicable Tier Closing (but subject to Buyer's obligations under the Management Agreement, with respect to the Tier II and Tier III Closings), of state and local real and personal property taxes of the business.
EXCISE AND PROPERTY TAXES. Seller shall pay any and all sales, use, ------------------------- excise, transfer and conveyance taxes payable or assessable in connection with or as a result of the transfer of the Assets under the terms of this Agreement and the transactions contemplated hereby. Buyer shall not be responsible for any business, occupation, withholding, possessory interest or similar tax or assessment or any other tax or fee (including franchise and copyright fees) of any kind relating to any period on or prior to the Closing Date with respect to Seller, the Assets or the construction, operation or maintenance of the System, nor for any supplemental assessment or increase in any such tax, assessment or fee relating to such period, all of which shall be the responsibility of Seller.
EXCISE AND PROPERTY TAXES. Seller shall pay all Taxes arising out of the transfer of the Purchased Assets. Each of Buyer and Seller shall pay its respective portion, prorated as of the Closing, of state and local real and personal property taxes of the business of the Schools.
EXCISE AND PROPERTY TAXES. Buyer shall pay any sales and use taxes arising from the transfer of the Transferred Assets and Corporation will pay its portion, prorated as of July 1, 1997 (the "Effective Date"), of state and local real and personal property taxes of the business.
EXCISE AND PROPERTY TAXES. Buyer shall pay all sales, use and transfer taxes arising out of the transfer of the Assets up to five thousand dollars ($5,000), and Seller shall pay any excess over five thousand dollars ($5,000). Seller shall pay its portion, prorated as of the Closing Date, of state and local real and personal property taxes of the business being sold hereunder. Buyer shall not be responsible for any business, occupations, withholding or similar tax, or for any taxes of any kind related to any period before the Closing Date, including, without limitation all federal and state and local taxes relating to Seller prior to the Closing Date.
EXCISE AND PROPERTY TAXES. Corporation will pay all sales, use, and similar Taxes arising from the transfer of the Assets (other than Taxes on a party’s income). Buyer will reimburse Corporation for all such Taxes paid by Corporation within thirty (30) days after receiving an invoice. Buyer will not be responsible for any other business, occupation, withholding, property or similar Tax, or any Taxes of any kind incurred by Corporation related to any period before the Closing.
EXCISE AND PROPERTY TAXES. Sellers and Xxxxx shall pay all Taxes arising out of the transfer of the Purchased Assets. Each of Buyer and Sellers shall pay its respective portion, prorated as of the Closing, of state and local real and personal property taxes of the business of the Schools.
EXCISE AND PROPERTY TAXES. Subsidiary shall pay all sales and use taxes arising out of the transfer of the Assets and shall pay its portion, prorated as of the effective date of the Management Agreement, of state and local real and personal property taxes of the business. Buyer shall not be responsible for any business, occupation, withholding, or similar tax, or any taxes of any kind related to any period before the effective date of the Management Agreement.
EXCISE AND PROPERTY TAXES. Buyer shall pay one-half and Selling Parties the remaining portion of all sales, use, and similar Taxes arising from the transfer of the Assets (other than Taxes on a party’s income) and Selling Parties will pay all state and local personal property Taxes of the business due for the personal property reported on Corporation’s Business Property Statement as of January 1, 2005. Buyer will be responsible to pay all state and local personal property Taxes from and after that date on the Assets to be transferred hereunder. Notwithstanding the foregoing, if Buyer fails to provide a reseller’s certificate to Selling Parties on or prior to the Closing, Buyer shall be solely responsible for all sales, use, and similar taxes arising in respect of the sale of the Inventory to Buyer. Buyer will not be responsible for any business, occupation, withholding, or similar Tax, or any Taxes of any kind incurred by Corporation or Subsidiary related to any period before the Closing Date.
