Common use of Real Property and Personal Property Taxes Clause in Contracts

Real Property and Personal Property Taxes. Notwithstanding any provision in this Agreement to the contrary, real property taxes subject to Section 164(d) of the Code, if any, imposed with respect to the Real Property of the Company or any Subsidiary shall be allocated between Buyer and Seller in accordance with Section 164(d) of the Code.

Real Property and Personal Property Taxes. (a) Notwithstanding any provision in this Agreement to the contrary, real property taxes subject to Section 164(d) of the Codetaxes, if any, imposed with respect attributable to the Real Property of the Company or any Subsidiary acquired by Buyer hereunder shall be allocated between Buyer and Seller in accordance with Section 164(d) of the Code. (b) Notwithstanding any provision in this Agreement to the contrary, personal property taxes, if any, attributable to the Personal Property acquired by Buyer hereunder shall be allocated between Buyer and Seller in accordance with the principles of Section 164(d) of the Code.