Appearance
Transaction Tax
Definition
Allocation of responsibility for paying taxes associated with the transaction
Example
Buyer shall be responsible for paying, shall promptly discharge when due, and shall reimburse, indemnify and hold harmless Seller from, any sales or use, transfer, real property gains, excise, stamp, value added or other similar Taxes, imposed on Seller or Buyer resulting from the sale of the Acquired Assets (Transaction Taxes).