Allocation of Asset Taxes. (c) Seller shall be allocated and bear all Asset Taxes attributable to (i) any Tax period ending prior to the Effective Time and (ii) the portion of any Straddle Period ending immediately prior to the Effective Time. Buyer shall be allocated and bear all Asset Taxes attributable to (x) any Tax period beginning at or after the Effective Time and (y) the portion of any Straddle Period beginning at the Effective Time.
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Samples: Purchase and Sale Agreement (Gastar Exploration Inc.)
Allocation of Asset Taxes. (ca) Seller shall be allocated and bear all Asset Taxes attributable to (i) any Tax period ending prior to the Effective Time and (ii) the portion of any Straddle Period ending immediately prior to the Effective Time. Buyer Purchaser shall bear and be allocated and bear all Asset Taxes attributable to (xA) any Tax period beginning at on or after the Effective Time and (yB) the portion of any Straddle Period beginning at the Effective Time.
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Allocation of Asset Taxes. (ci) Seller shall be allocated and bear all Asset Taxes attributable to (i1) any Tax period ending prior to the Effective Time Date and (ii2) the portion of any Straddle Period ending immediately prior to the Effective Time. Date, and, subject to the occurrence of the Closing, Buyer shall be allocated and bear all Asset Taxes attributable to (x) any Tax period beginning at on or after the Effective Time Date and (y) the portion of any Straddle Period beginning at on the Effective TimeDate.
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Allocation of Asset Taxes. (c) Seller shall be allocated and bear all Asset Taxes attributable to (i) any Tax period (or portion thereof) ending prior to the Effective Time and (ii) the portion of any Straddle Period ending immediately prior to the Effective Time. Buyer shall be allocated and bear all Asset Taxes attributable to (x) any Tax period (or portion thereof) beginning at on or after the Effective Time and (y) the portion of any Straddle Period beginning at the Effective Time.
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Samples: Purchase and Sale Agreement (Centennial Resource Development, Inc.)
Allocation of Asset Taxes. (ca) Seller shall be allocated and bear all Asset Taxes attributable to (i) any Tax period ending prior to the Effective Time Date and (ii) the portion of any Straddle Period ending immediately prior to the Effective TimeDate. Buyer Purchaser shall bear and be allocated and bear all Asset Taxes attributable to (xA) any Tax tax period beginning at on or after the Effective Time Date and (yB) the portion of any Straddle Period beginning at on the Effective TimeDate.
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