Common use of Interim Closing Clause in Contracts

Interim Closing. Each of the parties hereto who is a Partner pursuant to the Fourth Partnership Agreement prior to this Amendment agrees that it will be allocated income or loss for tax purposes pursuant to an interim closing of the books as of the date hereof pursuant to the relevant provisions of the Fourth Partnership Agreement.

Appears in 3 contracts

Samples: Agreement (Foamex Capital Corp), Agreement (Foamex Capital Corp), Second Amendment (Foamex International Inc)

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Interim Closing. Each of the parties hereto who is a Partner pursuant to the Fourth Partnership Agreement prior to this Amendment agrees that it will be allocated income or loss for tax purposes pursuant to an interim closing of the books as of the date hereof of this Amendment, pursuant to the relevant provisions of the Fourth Partnership Agreement.

Appears in 1 contract

Samples: JPS Automotive Products Corp

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