Common use of Straddle Period Tax Returns Clause in Contracts

Straddle Period Tax Returns. Buyer will prepare or cause to be prepared each Tax Return of Pipelogic for a Straddle Period (each, a “Straddle Tax Return”). Not later than thirty (30) days (or such shorter period as required to timely file such Tax Returns) prior to the due date for filing such Straddle Tax Return, Buyer will deliver a copy of such Straddle Tax Return (other than Tax Returns relating to sales, use, payroll, or other Taxes that are required to be filed contemporaneously with, or promptly after, the close of a taxable period, in each case a copy of which shall be provided to Sellers by Buyer upon Sellers’ written request), together with all supporting documentation and workpapers, to Sellers for its review and comment. Buyer will cause such Straddle Tax Return (as revised to incorporate Sellers’ reasonable comments) to be filed timely with the appropriate Governmental Authority and will provide a copy to Sellers. Not later than five (5) days prior to the due date for payment of Taxes with respect to such Straddle Tax Return, Sellers will pay to (or at the direction of) Buyer the amount of any Seller Taxes with respect to such Straddle Tax Return.

Appears in 2 contracts

Samples: Purchase and Contribution Agreement, Purchase and Contribution Agreement (Sentinel Energy Services Inc.)

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Straddle Period Tax Returns. Buyer will prepare or cause to be prepared each Tax Return of Pipelogic Company for a Straddle Period (each, a “Straddle Tax Return”). Not later than thirty (30) 30 days (or such shorter period as required to timely file such Tax Returns) prior to the due date for filing such Straddle Tax ReturnReturn (other than monthly or quarterly Tax Returns for sales tax, use tax, payroll tax or social security), Buyer will deliver a copy of such Straddle Tax Return (other than a Tax Returns Return relating to sales, use, payroll, payroll or other Taxes that are is required to be filed contemporaneously with, or promptly after, the close of a taxable periodTax Period, in each case for which a copy of which shall be provided delivered to Sellers by Buyer upon Sellers’ written requestcontemporaneously with such filing), together with all supporting documentation and workpapers, to the Sellers for its collective review and comment. Buyer will cause such Straddle Tax Return (as revised to incorporate the Sellers’ reasonable comments) to be filed timely with the appropriate Governmental Authority and will provide a copy to the Sellers. Not later than five (5) days prior to the due date for payment of Taxes with respect to such Straddle Tax Return, the Sellers will pay to (or at the direction of) Buyer the amount of any Seller Taxes with respect to such Straddle Tax Return.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (New York Mortgage Trust Inc)

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Straddle Period Tax Returns. Buyer will prepare or cause to be prepared each Tax Return of Pipelogic the Company for a Straddle Period (each, a “Straddle Tax Return”). Not later than thirty (30) days (or such shorter period as required to timely file such Tax Returns) prior to the due date for filing such Straddle Tax Return, Buyer will deliver a copy of such Straddle Tax Return (other than Tax Returns relating to sales, use, payroll, or other Taxes that are required to be filed contemporaneously with, or promptly after, the close of a taxable period, in each case a copy of which shall be provided to Sellers Selling Members by Buyer upon Sellers’ written requestrequest of the Selling Members), together with all supporting documentation and workpapers, to Sellers Selling Members for its review and comment. Buyer will cause such Straddle Tax Return (as revised to incorporate Sellers’ the reasonable commentscomments of Selling Members) to be filed timely with the appropriate Governmental Authority and will provide a copy to SellersSelling Members. Not later than five (5) days prior to the due date for payment of Taxes with respect to such Straddle Tax Return, Sellers Selling Members will pay to (or at the direction of) Buyer the amount of any Seller Selling Members’ Taxes with respect to such Straddle Tax Return.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Yuenglings Ice Cream Corp)

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