Apportionment of Taxes. For purposes of this Agreement, if any Tax (or Tax refund) relates to a Straddle Period, the parties shall use the following conventions for determining the portion of such Tax (or Tax refund) that relates to the portion of the Straddle Period ending on the Closing Date (the “Pre-Closing Straddle Period”), or the portion that relates to a Post-Closing Tax Period:
Appears in 2 contracts
Samples: Stock Purchase Agreement, Stock Purchase Agreement (Superior Uniform Group Inc)
Apportionment of Taxes. For purposes of this Agreement, if any Tax (or Tax refund) relates to a Straddle PeriodPeriod (other than Transfer Taxes which shall be allocated to Buyer in accordance with Section 9.7), the parties shall use the following conventions for determining the portion of such Tax (or Tax refund) that relates to the portion of the Straddle Period ending on the Closing Date (the “a Pre-Closing Straddle Period”), or Tax Period and the portion that relates to a Post-Closing Tax Period:
Appears in 2 contracts
Samples: Membership Interest Purchase Agreement, Membership Interest Purchase Agreement (WillScot Corp)
Apportionment of Taxes. For purposes of this Agreement, if any Tax (or Tax refund) relates to a Straddle PeriodPeriod (other than Transfer Taxes which shall be allocated to Buyer in accordance with Section 9.6), the parties shall use the following conventions for determining the portion of such Tax (or Tax refund) that relates to the portion of the Straddle Period ending on the Closing Date (the “a Pre-Closing Straddle Period”), or Tax Period and the portion that relates to a Post-Closing Tax Period:
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