Common use of Transactional Taxes Clause in Contracts

Transactional Taxes. Notwithstanding any other provision of this Agreement, all transfer, documentary, recording, notarial, sales, use, registration, stamp and other similar Taxes or fees imposed by any U.S. federal, state or local taxing authority in connection with the Contemplated Transactions will be borne by Seller regardless of which party is obligated to pay such Tax under applicable Legal Requirements; any such Taxes or fees imposed by any Swiss or other European national or local taxing authority in connection with the Contemplated Transactions will be borne by Buyer regardless of which party is obligated to pay such Tax under applicable Legal Requirements. Buyer and Seller will cooperate in timely making and filing all Tax Returns as may be required to comply with Legal Requirements relating to such Taxes.

Transactional Taxes. Notwithstanding any other provision of this Agreement, all transfer, documentary, recording, notarial, sales, use, registration, stamp and other similar Taxes or fees imposed by any U.S. federal, state or local taxing authority in connection with the Contemplated Transactions will be borne by Seller regardless of which party is obligated to pay such Tax under applicable Legal Requirements; any such Taxes or fees imposed by any Swiss or other European national or local taxing authority in connection with the Contemplated Transactions will be borne by Buyer regardless of which party is obligated obliged to pay such Tax under applicable Legal Requirements. Buyer and Seller will cooperate in timely making and filing all Tax Returns as may be required to comply with Legal Requirements relating to such Taxes.