Common use of Computation of Tax Liabilities Clause in Contracts

Computation of Tax Liabilities. For purposes of Section 7.8(a) and Section 7.8(b), whenever it is necessary to determine the portion of any Taxes of the Companies for a Straddle Period that is allocable to the portion of such taxable year or period ending at the end of the Closing Date, the determination shall be made, (i) in the case of any property or ad valorem Taxes which are imposed on a periodic basis, ratably on a per diem basis, and (ii) in the case of any other Taxes, based on an interim closing of the books of the Companies as of the end of the Closing Date; provided that any transaction taking place, or item of income or gain arising, outside of the ordinary course of business on the Closing Date after the Closing shall be deemed for the purposes of Section 7.8(a) and Section 7.8(b) to have taken place or arisen after the Closing Date.

Computation of Tax Liabilities. For purposes of Section 7.8(a) and Section 7.8(b), whenever it is necessary to determine the portion of any Taxes of the Companies for a Straddle Period that is allocable to the portion of such taxable year or period ending at the end of the Closing Date, the determination shall be made, (i) in the case of any property or ad valorem Taxes which are imposed on a periodic basis, ratably on a per diem basis, and (ii) in the case of any other Taxes, based on an interim closing of the books of the Companies as of the end of the Closing Date; provided that any transaction taking place, or item of income or gain arising, outside of the ordinary course of business on the Closing Date after the Closing shall be deemed for the purposes of Section 7.8(a) and Section 7.8(b) to have taken place or arisen after the Closing Date.

Computation of Tax Liabilities. For purposes of Section 7.8(a) and Section 7.8(b6.8(a), whenever it is necessary to determine the portion of any Taxes of the Companies a Company for a Straddle Period that is allocable to the portion of such taxable year or period ending at the end of the relevant Closing Date, the determination shall be made, (i) in the case of any property or ad valorem Taxes which are imposed on a periodic basis, ratably on a per diem basis, and (ii) in the case of any other Taxes, based on an interim closing of the books of the Companies relevant Company as of the end of the relevant Closing Date; provided that any transaction taking place, or item of income or gain arising, outside of the ordinary course of business on the such Closing Date after the Closing shall be deemed for the purposes of Section 7.8(a) and Section 7.8(b6.8(a) to have taken place or arisen after the such Closing Date.

Computation of Tax Liabilities. For purposes of Section 7.8(a6.7(a) and Section 7.8(b6.7(b), whenever it is necessary to determine the portion of any Taxes of the Companies Company for a Straddle Period that is allocable to the portion of such taxable year or period ending at the end of the Closing Date, the determination shall be made, made (i) in the case of any property or ad valorem Taxes which are imposed on a periodic basis, ratably on a per diem basis, basis and (ii) in the case of any other Taxes, based on an interim closing of the books of the Companies Company as of the end of the Closing Date; provided provided, however, that any transaction taking place, or item of income or gain arising, outside of the ordinary course of business on the Closing Date or after the Closing shall be deemed for the purposes of Section 7.8(a6.7(a) and Section 7.8(b6.7(b) to have taken place or arisen after the Closing Date.