Common use of Sales Taxes Clause in Contracts

Sales Taxes. Buyer shall be liable for and shall indemnify Seller for, any sales and use taxes, conveyance, transfer and recording fees and real estate transfer stamps or taxes that may be imposed on any transfer of the Assets pursuant to this Agreement. If required by applicable law, Seller shall, in accordance with applicable law, calculate and remit any sales or similar taxes that are required to be paid as a result of the transfer of the Assets to Buyer and Buyer shall promptly reimburse Seller therefor. If Seller receives notice that any sales and/or use taxes are due, Seller shall promptly forward such notice to Buyer for handling.

Appears in 5 contracts

Samples: Purchase and Sale Agreement (Teton Energy Corp), Purchase and Sale Agreement (Teton Energy Corp), Joint Operating Agreement (Petroleum Development Corp)

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Sales Taxes. Buyer shall be liable for and shall indemnify Seller for, any sales and use taxes, conveyance, transfer and recording fees and real estate transfer stamps or taxes (including any related interest, penalties or legal costs) that may be imposed on any transfer of the Assets pursuant to this Agreement. If required by applicable law, Seller shall, in accordance with applicable law, calculate and remit any sales or similar taxes that are required to be paid as a result of the transfer of the Assets to Buyer and Buyer shall promptly reimburse Seller thereforpay such taxes. If Seller receives notice that any sales and/or or use taxes are due, Seller shall promptly forward such notice to Buyer for handling.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Ultra Petroleum Corp), Purchase and Sale Agreement (Ultra Petroleum Corp), Purchase and Sale Agreement

Sales Taxes. Buyer shall be liable for and shall indemnify Seller for, any sales and use taxes, conveyance, transfer and recording fees and real estate transfer stamps or taxes (including any related interest, penalties or legal costs) that may be imposed on any transfer of the Assets pursuant to this Agreement. If required by applicable law, Seller shall, in accordance with applicable law, calculate and remit any sales or similar taxes that are required to be paid as a result of the transfer of the Assets to Buyer and Buyer shall promptly reimburse Seller therefor. If Seller receives notice that any sales and/or use taxes are due, Seller shall promptly forward such notice to Buyer for handling.

Appears in 3 contracts

Samples: Purchase and Sale Agreement (Ultra Petroleum Corp), Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.), Purchase and Sale Agreement (Western Gas Partners LP)

Sales Taxes. Buyer shall be liable for and shall indemnify Seller Sellers for, any sales and use taxes, conveyance, transfer and recording fees and real estate transfer stamps or taxes that may be imposed on any transfer of the Assets pursuant to this Agreement. If required by applicable law, Seller Sellers shall, in accordance with applicable law, calculate and remit any sales or similar taxes that are required to be paid as a result of the transfer of the Assets to Buyer and Buyer shall promptly reimburse Seller Sellers therefor. If Seller receives Sellers receive notice that any sales and/or use taxes are due, Seller Sellers shall promptly forward such notice to Buyer for handling.

Appears in 2 contracts

Samples: Purchase and Sale Agreement (Arete Industries Inc), Purchase and Sale Agreement (Arete Industries Inc)

Sales Taxes. Buyer shall be liable for and shall indemnify Seller for, for any sales and use taxes, conveyance, transfer and recording fees and real estate transfer stamps or taxes that may be imposed on any transfer of the Assets pursuant to this Agreement. If required by applicable law, Seller shall, in accordance with applicable law, calculate and remit any sales or similar taxes that are required to be paid as a result of the transfer of the Assets to Buyer and Buyer shall promptly reimburse Seller therefor. If Seller receives notice that any sales and/or use taxes are due, Seller shall promptly forward such notice to Buyer for handlingpayment, subject to this Section 9.3.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Linn Energy, LLC)

Sales Taxes. Buyer shall be liable for and shall indemnify Seller for, for any sales and use taxes, conveyance, transfer and recording fees and real estate transfer stamps or taxes that may be imposed on any transfer of the Assets pursuant to this Agreement. If required by applicable law, Seller shall, in accordance with applicable law, calculate and remit any sales or similar taxes that are required to be paid as a result of the transfer of the Assets to Buyer and Buyer shall promptly reimburse Seller thereforpay for such taxes at Closing pursuant to the Preliminary Settlement Statement. If Seller receives notice that any sales and/or use taxes are due, Seller shall promptly forward such notice to Buyer for handlingpayment.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Exco Resources Inc)

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Sales Taxes. Buyer shall be liable for and shall indemnify Seller for, any sales and use taxes, conveyance, transfer and recording fees and real estate transfer stamps or taxes (including any related interest, penalties or legal costs) that may be imposed on any transfer of the Assets pursuant to this Agreement. If required by applicable law, Seller shall, in accordance with applicable law, calculate and remit any sales or similar taxes that are required to be paid as a result of the transfer of the Assets to Buyer and Buyer shall promptly reimburse Seller thereforpay such taxes. If Seller receives notice that any sales and/or or use taxes are due, Seller shall promptly forward such notice to Buyer for handling.. Section 7.4

Appears in 1 contract

Samples: Purchase and Sale Agreement (CorEnergy Infrastructure Trust, Inc.)

Sales Taxes. Buyer shall be liable for and shall indemnify Seller for, any sales and use taxes, conveyance, transfer and recording fees and real estate transfer stamps or taxes that may be imposed on any transfer of the Assets pursuant to this Agreement. If required by applicable law, Seller shall, in accordance with applicable law, shall calculate and remit any sales or similar taxes that are required to be paid as a result of the transfer of the Assets to Buyer and Buyer shall promptly reimburse Seller therefor. If Seller receives notice that any sales and/or use taxes are due, Seller shall promptly forward such notice to Buyer for handling.

Appears in 1 contract

Samples: Purchase and Sale Agreement (Bill Barrett Corp)

Sales Taxes. Buyer shall be liable for and shall indemnify Seller for, for any sales and use taxes, conveyance, transfer and recording fees and real estate transfer stamps or taxes that may be imposed on any transfer of the Assets pursuant to this Agreement. If required by applicable law, Seller shall, in accordance with applicable law, calculate and remit any sales or similar taxes that are required to be paid as a result of the transfer of the Assets to Buyer and Buyer shall promptly reimburse Seller therefor. If Seller receives notice that any sales and/or use taxes are due, Seller shall promptly forward such notice to Buyer for handling.

Appears in 1 contract

Samples: Purchase, Sale and Exploration Agreement (Teton Energy Corp)

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