Common use of Transfer and Other Taxes Clause in Contracts

Transfer and Other Taxes. In the event that any state or local property transfer or other tax is payable as the result of or in connection with any exercise of the Redemption Rights by Contributing Partner, Contributor Partner shall pay such tax, and no Shares shall be issued pursuant hereto until such Contributor Partner has paid to the General Partner or the Partnership, as the case may be, the amount of such tax or has provided evidence, in form reasonably satisfactory to the General Partner or the Partnership, as the case may be, as to the payment thereof.

Appears in 6 contracts

Samples: Redemption Rights Agreement (General Growth Properties Inc), Redemption Rights Agreement (General Growth Properties Inc), Redemption Rights Agreement (General Growth Properties Inc)

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Transfer and Other Taxes. In the event that any state or local property transfer or other tax is payable as the result of or in connection with any exercise of the Redemption Rights by any Contributing Partner, Contributor such Contributing Partner shall pay such tax, and no Shares shall be issued or other consideration paid pursuant hereto until such Contributor Contributing Partner has paid to the General Partner or the Partnership, as the case may be, the amount of such tax or has provided evidence, in form reasonably satisfactory to the General Partner or the Partnership, as the case may be, as to the payment thereof.

Appears in 2 contracts

Samples: Redemption Rights Agreement (General Growth Properties Inc), Redemption Rights Agreement (General Growth Properties Inc)

Transfer and Other Taxes. In the event that any state or local property transfer or other tax is payable as the result of or in connection with any exercise of the Redemption Rights by a Contributing Partner, such Contributor Partner shall pay such tax, and no Shares shall be issued pursuant hereto until such Contributor Partner has paid to the General Partner or the Partnership, as the case may be, the amount of such tax or has provided evidence, in form reasonably satisfactory to the General Partner or the Partnership, as the case may be, as to the payment thereof.

Appears in 2 contracts

Samples: Redemption Rights Agreement (General Growth Properties Inc), Redemption Rights Agreement (General Growth Properties Inc)

Transfer and Other Taxes. In the event that any state or local property transfer or other similar tax is payable as the result of or in connection with any exercise of the Redemption Rights by a Contributing Partner, Contributor such Contributing Partner shall pay such tax, and no Shares shall be issued pursuant hereto until such Contributor Partner has paid to the General Partner or the Partnership, as the case may be, the amount of such tax or has provided evidence, in form reasonably satisfactory to the General Partner or the Partnership, as the case may be, as to the payment thereof.

Appears in 1 contract

Samples: Redemption Rights Agreement (General Growth Properties Inc)

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Transfer and Other Taxes. In the event that any state or local property transfer or other tax is payable as the result of or in connection with any exercise of the Redemption Rights by an exercising Contributing Partner, Contributor the Partnership shall pay such transfer tax, but the exercising Contributing Partner shall pay such tax, tax to the extent that such tax results from registration of Shares in the name of a person other than the registered owner of the Units and no Shares shall be issued pursuant hereto until such Contributor exercising Contributing Partner has paid to the General Partner or the Partnership, as the case may be, the amount of such tax or has provided evidence, in form reasonably satisfactory to the General Partner or the Partnership, as the case may bePartner, as to the payment thereof.

Appears in 1 contract

Samples: Redemption Rights Agreement (General Growth Properties Inc)

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