Example ContractsClausesallocation of closing costs under the purchase agreementVariants
Allocation of Closing Costs Under the Purchase Agreement
Allocation of Closing Costs Under the Purchase Agreement contract clause examples

Crestwood, CEGPS and Newco agree to allocate the Initial Closing Tax Purchase Price among the assets of Newco in accordance with Section 1060 of the Code. Not later than 90 days after the Initial Closing, Crestwood shall deliver to Newco a statement, allocating the Initial Closing Tax Purchase Price among the assets of Newco that Newco is deemed to purchase under [Section 707] in accordance with Section 1060 of the Code (the “Initial Closing Tax Allocation Statement”).

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Crestwood, CEGPS and Newco agree to allocate the Second Closing Tax Purchase Price among the assets of the Crestwood Pipeline East in accordance with Section 1060 of the Code. Not later than 90 days after the Second Closing, Crestwood shall deliver to Newco a statement, allocating the Second Closing Tax Purchase Price among the assets of the Crestwood Pipeline East that Newco is deemed to purchase under [Section 707] in accordance with Section 1060 of the Code (the “Second Closing Tax Allocation Statement”).

Source document

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