Common use of Allocation of Tax Liability Clause in Contracts

Allocation of Tax Liability. For all purposes under this Agreement (including the determination of Pre-Closing Taxes), in the case of any Straddle Period, the portion of such Tax which relates to the portion of such taxable period ending on the end of the Closing Date shall (x) in the case of any Taxes other than Taxes based upon or related to income or receipts, be deemed to be the amount of such Tax for the entire taxable period multiplied by a fraction the numerator of which is the number of days in the taxable period ending on the end of the Closing Date and the denominator of which is the number of days in the entire taxable period, and (y) in the case of any Tax based upon or related to income or receipts be deemed equal to the amount which would be payable if the relevant taxable period ended on the end of the Closing Date.

Allocation of Tax Liability. For all purposes under this Agreement (including the determination of Pre-Closing Taxes), in the case of any Straddle Period, the portion of such Tax which relates to the portion of such taxable period ending on the end of the Closing Date shall (xi) in the case of any Taxes other than Taxes based upon or related to income or receipts, be deemed to be the amount of such Tax for the entire taxable period multiplied by a fraction the numerator of which is the number of days in the taxable period ending on the end of the Closing Date and the denominator of which is the number of days in the entire taxable period, and (yii) in the case of any Tax based upon or related to income or receipts be deemed equal to the amount which would be payable if the relevant taxable period ended on the end of the Closing Date.

Allocation of Tax Liability. For all purposes under this Agreement (including the determination of Pre-Closing Taxes)Agreement, in the case of any Straddle PeriodTaxable period that includes (but does not end on) the Closing Date, the portion of such Tax which relates to the portion of such taxable Taxable period ending on the end of the Closing Date shall (x) in the case of any Taxes Tax other than Taxes Tax based upon or related to income or receipts, be deemed to be the amount of such Tax for the entire taxable Taxable period multiplied by a fraction the numerator of which is the number of days in the taxable Taxable period ending on the end of the Closing Date and the denominator of which is the number of days in the entire taxable Taxable period, and (y) in the case of any Tax based upon or related to income or receipts be deemed equal to the amount which would be payable if the relevant taxable Taxable period ended on the end of the Closing Date.

Allocation of Tax Liability. For all purposes under this Agreement (including the determination of Pre-Closing Taxes)Agreement, in the case of any Tax for any Straddle Period, the portion of such Tax which relates to the portion of such taxable period Straddle Period ending on the end of the Closing Date shall (x) in the case of any Taxes other than Taxes based upon or related to income income, payroll, sales or receipts, be deemed to be the amount of such Tax for the entire taxable period Straddle Period multiplied by a fraction the numerator of which is the number of days in the taxable period such Straddle Period ending on the end of the Closing Date and the denominator of which is the number of days in the entire taxable periodStraddle Period, and (y) in the case of any Tax based upon or related to income income, payroll, sales or receipts be deemed equal to the amount which would be payable if the relevant taxable period such Straddle Period ended on the end of the Closing Date.