Common use of Real Property Transfer Tax Clause in Contracts

Real Property Transfer Tax. Grantor, Limited Partner and the Partnership agree to comply timely with the requirements of Chapter 21 of Title 11 of the Administrative Code of the City of New York and the regulations applicable thereto, as the same may be amended from time to time, with respect to the transactions contemplated by the Merger Agreement and this Agreement. Grantor, and, if required, Limited Partner and the Partnership shall swear to and deliver the return required by said statute and the regulations issued pursuant to the authority thereof (the "RPT Return"), it being acknowledged by the parties that Grantor intends to file an RPT Return stating that, pursuant to the provisions of Section 1146(c) of the federal Bankruptcy Code, the transfer of the Property pursuant to the Merger Agreement and this Agreement shall be exempt from the Real Estate Transfer Tax imposed by said Chapter 21.

Real Property Transfer Tax. Grantor, Limited Partner and the Partnership agree to comply timely with the requirements of Chapter 21 of Title 11 of the Administrative Code of the City of New York and the regulations applicable thereto, as the same may be amended from time to time, time with respect to the transactions contemplated by the Merger Agreement and this Agreement. Grantor, Grantor and, if required, the Limited Partner and the Partnership shall swear to and deliver the return required by said statute and the regulations issued pursuant to the authority thereof (the "RPT Return"), it being acknowledged by the parties that Grantor intends to file an RPT Return stating that, pursuant to the provisions of Section 1146(c) of the federal Bankruptcy Code, the transfer of the Property pursuant to the Merger Agreement and this Agreement shall be exempt from the Real Estate Transfer Tax imposed by said Chapter 21.