We find that the IAS Court properly determined that defendant was obligated to indemnify plaintiffs for contingent employer and employee payroll tax liabilities and withholding tax liabilities of defendant's subsidiaries, recorded as of July 31, 1990, under the clear and unambiguous terms of the parties' written Purchase Agreement governing the sale of various subsidiaries to plaintiffs. The record reveals that defendant's contention, that it was not obligated to indemnify...
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