Common use of Liability For Short Period Tax Clause in Contracts

Liability For Short Period Tax. Any taxable income or loss with respect to a Short Tax Period will be included in the Acquired Companies federal income Tax Return, and, if applicable, consolidated, unitary or combined state income Tax Returns filed on behalf of the Acquired Companies in all jurisdictions to which the Acquired Companies are subject to income Tax (together with the United States federal Return, the "SUBJECT JURISDICTIONS"). Any income tax payable with respect to such Short Tax Period will be borne by Sellers, as a group, and Purchaser as hereinafter provided; provided, however, that any tax liability arising from an election made under Section 338 of the Code will be borne solely by Purchaser.

Liability For Short Period Tax. Any taxable income or loss with respect to a Short Tax Period will shall be included in the Acquired Companies a Company's federal income Tax Return, and, if applicable, consolidated, unitary or combined state income Tax Returns filed on behalf of the Acquired Companies such Company in all jurisdictions to which the Acquired Companies are such Company is subject to income Tax (together with the United States federal Federal Return, the "SUBJECT JURISDICTIONSSubject Jurisdictions"). Any income tax payable with respect to such Short Tax Period will shall be borne by the Sellers, as a group, and Purchaser as hereinafter provided; provided, however, that any tax liability arising from an election made under Section 338 of the Code will shall be borne solely by Purchaser.

Liability For Short Period Tax. Any taxable income or loss with respect to a Short Tax Period will shall be included in the Acquired Companies Company's federal income Tax Return, and, if applicable, consolidated, unitary or combined state income Tax Returns filed on behalf of the Acquired Companies Company in all jurisdictions to which the Acquired Companies are Company is subject to income Tax (together with the United States federal Federal Return, the "SUBJECT JURISDICTIONSSubject Jurisdictions"). Any income tax payable with respect to such Short Tax Period will shall be borne by the Sellers, as a group, and Purchaser as hereinafter provided; provided, however, that any tax liability arising from an election made under Section 338 of the Code will shall be borne solely by Purchaser.