Common use of Allocation Agreement Clause in Contracts

Allocation Agreement. At the Closing, Purchaser and Seller shall enter into an allocation agreement satisfying the requirements of Section 1060 of the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations promulgated pursuant thereto. Neither Purchaser nor Seller shall take a reporting position contrary to the allocation agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Maxco Inc)

Allocation Agreement. At the Closing, Purchaser and Seller Sellers shall enter into an allocation agreement (the "Allocation Agreement") substantially in the form of Exhibit C hereto satisfying the requirements of Section 1060 of the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations promulgated pursuant thereto. Neither Purchaser nor Seller Sellers shall take a reporting position contrary to the allocation agreementAllocation Agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Artisoft Inc)

Allocation Agreement. At the Closing, Purchaser and Seller shall enter are entering into an allocation agreement satisfying the requirements of Section 1060 of the Internal Revenue Code of 1986, as amended (the "Code"), and the regulations promulgated pursuant thereto. Neither Purchaser nor Seller shall take a reporting position contrary to the allocation agreement.

Appears in 1 contract

Sources: Asset Purchase Agreement (Access Beyond Inc)