Common use of Apportioned Obligations Clause in Contracts

Apportioned Obligations. All real property taxes, personal property taxes and similar ad valorem obligations levied with respect to the Contributed Assets for a taxable period that includes (but does not end on) the Closing Date (collectively, the "Apportioned Obligations") shall be apportioned between the Company and IMA based on the number of days of such taxable period included in the Pre-Closing Tax Period and the number of days of such taxable period after the Closing Date (any such portion of such taxable period, the "Post-Closing Tax Period"). IMA shall be liable for the proportionate amount of such Apportioned Obligations attributable to the Pre-Closing Tax Period, and the Company shall be liable for the proportionate amount of such Apportioned Obligations attributable to the Post-Closing Tax Period.

Appears in 3 contracts

Samples: Contribution Agreement (Inverness Medical Innovations Inc), Contribution Agreement (Inverness Medical Innovations Inc), Contribution Agreement (Inverness Medical Innovations Inc)

AutoNDA by SimpleDocs

Apportioned Obligations. All real property taxes, personal property taxes and similar ad valorem obligations levied with respect to the Contributed Purchased Assets for a taxable period that includes (but does not end on) the Closing Date (collectively, the "Apportioned Obligations") shall be apportioned between the Company and IMA based on the number of days of such taxable period included in the Pre-Closing Tax Period and the number of days of such taxable period after the Closing Date (any such portion of such taxable period, the "Post-Closing Tax Period"). IMA shall be liable for the proportionate amount of such Apportioned Obligations attributable to the Pre-Closing Tax Period, and the Company shall be liable for the proportionate amount of such Apportioned Obligations attributable to the Post-Closing Tax Period.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Inverness Medical Innovations Inc), Asset Purchase Agreement (Inverness Medical Innovations Inc)

Apportioned Obligations. All real property taxes, (a)All personal property taxes Taxes and similar ad valorem obligations levied with respect to the Contributed Acquired Assets for a taxable period that which includes (but does not end on) the Closing Date (collectively, the "Apportioned Obligations") shall be apportioned between the Company Aeglea and IMA Immedica based on the number of days of such taxable period included in up to and including the Closing Date (any such portion of such taxable period, the “Pre-Closing Tax Period Period”) and the number of days of such taxable period after the Closing Date (any such portion of such taxable period, the "Post-Closing Tax Period"). IMA Aeglea shall be liable for the proportionate amount of such Apportioned Obligations Taxes that is attributable to the Pre-Closing Tax Period, and the Company Immedica shall be liable for the proportionate amount of such Apportioned Obligations Taxes that is attributable to the Post-Closing Tax Period.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Spyre Therapeutics, Inc.), Asset Purchase Agreement (Aeglea BioTherapeutics, Inc.)

Apportioned Obligations. (a) All real property taxes, personal property taxes Taxes and similar ad valorem obligations levied with respect to the Contributed Acquired Assets for a taxable period that which includes (but does not end on) the Closing Date (collectively, the "Apportioned Obligations") shall be apportioned between the Company Aeglea and IMA Immedica based on the number of days of such taxable period included in up to and including the Closing Date (any such portion of such taxable period, the “Pre-Closing Tax Period Period”) and the number of days of such taxable period after the Closing Date (any such portion of such taxable period, the "Post-Closing Tax Period"). IMA Aeglea shall be liable for the proportionate amount of such Apportioned Obligations Taxes that is attributable to the Pre-Closing Tax Period, and the Company Immedica shall be liable for the proportionate amount of such Apportioned Obligations Taxes that is attributable to the Post-Closing Tax Period.

Appears in 1 contract

Samples: Asset Purchase Agreement (Aeglea BioTherapeutics, Inc.)

AutoNDA by SimpleDocs

Apportioned Obligations. All real property taxes, personal property taxes and similar ad valorem obligations levied with respect to the Contributed Purchased Assets for a taxable period that includes (but does not end on) the Closing Date (collectively, the "Apportioned Obligations") shall be apportioned between the Company and IMA based on the number of days of such taxable period included in the Pre-Closing Tax Period and the number of days of such taxable period after the Closing Date (any such portion of such taxable period, the "Post-Closing Tax Period"). IMA shall be liable for the proportionate amount of such Apportioned Obligations attributable to the Pre-Closing Tax Period, and the Company shall be liable for the proportionate amount of such Apportioned Obligations attributable to the Post-Closing Tax Period.. Section 5.3

Appears in 1 contract

Samples: Asset Purchase Agreement

Time is Money Join Law Insider Premium to draft better contracts faster.