Common use of Tax Indemnity Agreement Clause in Contracts

Tax Indemnity Agreement. Seller has assigned Purchaser, pursuant to the Assignment and Assumption Agreement, all of Sellers right, title and interest in and to that certain Tax Indemnity Agreement 646 arising from and after the Closing Date, but excluding in each case any and all rights and interests of Seller in respect of the following: (i) Seller’s right to tax and other indemnification under the Tax Indemnity Agreement as a result of or arising out of events occurring or circumstances existing prior to the Closing Date (or claim asserted against Seller with respect to a matter subsequent to the Closing Date, if Seller would otherwise be entitled to indemnification for such claim under the Tax Indemnity Agreement, (ii) any interest payable by Lessee on any amount referred to above and (iii) the right to enforce payment of the amounts referred to in clauses (i) and (ii) above.

Appears in 3 contracts

Samples: Purchase Agreement (PLM Equipment Growth & Income Fund Vii), Purchase Agreement (PLM Equipment Growth Fund Vi), Purchase Agreement (PLM Equipment Growth Fund V)

AutoNDA by SimpleDocs

Tax Indemnity Agreement. Seller has assigned Purchaser, pursuant to an assignment in form and substance as the Assignment and Assumption Agreementattached Exhibit B, all of Sellers right, title and interest in and to that certain Tax Indemnity Agreement 646 648 arising from and after the Closing Date, but excluding in each case any and all rights and interests of Seller in respect of the following: (i) Seller’s right to tax and other indemnification under the Tax Indemnity Agreement as a result of or arising out of events occurring or circumstances existing prior to the Closing Date (or claim asserted against Seller with respect to a matter subsequent to the Closing Date, if Seller would otherwise be entitled to indemnification for such claim under the Tax Indemnity Agreement, (ii) any interest payable by Lessee on any amount referred to above and (iii) the right to enforce payment of the amounts referred to in clauses (i) and (ii) above.

Appears in 3 contracts

Samples: Purchase Agreement (PLM Equipment Growth Fund Vi), Purchase Agreement (PLM Equipment Growth & Income Fund Vii), Purchase Agreement (PLM Equipment Growth Fund V)

Tax Indemnity Agreement. Seller has assigned Purchaser, pursuant to the Assignment and Assumption Agreement, all of Sellers right, title and interest in and to that certain Tax Indemnity Agreement 646 647 arising from and after the Closing Date, but excluding in each case any and all rights and interests of Seller in respect of the following: (i) Seller’s right to tax and other indemnification under the Tax Indemnity Agreement as a result of or arising out of events occurring or circumstances existing prior to the Closing Date (or claim asserted against Seller with respect to a matter subsequent to the Closing Date, if Seller would otherwise be entitled to indemnification for such claim under the Tax Indemnity Agreement, (ii) any interest payable by Lessee on any amount referred to above and (iii) the right to enforce payment of the amounts referred to in clauses (i) and (ii) above.

Appears in 3 contracts

Samples: Purchase Agreement (PLM Equipment Growth Fund V), Purchase Agreement (PLM Equipment Growth & Income Fund Vii), Purchase Agreement (PLM Equipment Growth Fund Vi)

AutoNDA by SimpleDocs

Tax Indemnity Agreement. Seller has assigned Purchaser, pursuant to an assignment in form and substance as the Assignment and Assumption Agreementattached Exhibit B, all of Sellers right, title and interest in and to that certain Tax Indemnity Agreement 646 645 arising from and after the Closing Date, but excluding in each case any and all rights and interests of Seller in respect of the following: (i) Seller’s right to tax and other indemnification under the Tax Indemnity Agreement as a result of or arising out of events occurring or circumstances existing prior to the Closing Date (or claim asserted against Seller with respect to a matter subsequent to the Closing Date, if Seller would otherwise be entitled to indemnification for such claim under the Tax Indemnity Agreement, (ii) any interest payable by Lessee on any amount referred to above and (iii) the right to enforce payment of the amounts referred to in clauses (i) and (ii) above.

Appears in 3 contracts

Samples: Purchase Agreement (PLM Equipment Growth Fund V), Purchase Agreement (PLM Equipment Growth & Income Fund Vii), Purchase Agreement (PLM Equipment Growth Fund Vi)

Time is Money Join Law Insider Premium to draft better contracts faster.