Apportionment of Property Taxes. (a) Real property and personal property taxes and similar ad valorem obligations levied with respect to the Contributed Assets for taxable periods which include, but do not end on, the date hereof, shall be apportioned between Member and the Company, based on the number of days included in the taxable period up to and including October 31 on the one hand, and the number of days included in the taxable period following October 31 on the other hand.
Appears in 2 contracts
Samples: Grape Purchase Agreement (Huneeus Vintners LLC), Grape Purchase Agreement (Constellation Brands, Inc.)
Apportionment of Property Taxes. (a) Real property and personal property taxes and similar ad valorem obligations levied with respect to the Contributed Assets Real Property and Improvements and Equipment related thereto for taxable periods which include, but do not end on, the date hereof, shall be apportioned between Member and the Company, based on the number of days included in the taxable period up to and including October 31 on the one hand, and the number of days included in the taxable period following October 31 on the other hand.
Appears in 2 contracts
Samples: Grape Purchase Agreement (Constellation Brands, Inc.), Grape Purchase Agreement (Huneeus Vintners LLC)
