Straddle Periods. For purposes of Sections 3.01 and 3.02, in the case of any Straddle Period, (i) property taxes and exemptions, allowances or deductions that are calculated on an annualized basis shall be apportioned between the Pre-Split-Off Period and the Post-Split-Off Period on a daily pro-rata basis and (ii) all other Taxes shall be apportioned between the Pre-Split-Off Period and the Post-Split-Off Period on a closing of the books basis as of the close of business on the Split-Off Date.
Appears in 5 contracts
Samples: Tax Matters Agreement (Future Healthcare of America), Tax Matters Agreement (Interim HealthCare of Wyoming, Inc.), Tax Matters Agreement (PHYHEALTH Corp)
Straddle Periods. For purposes of Sections 3.01 3.1 and 3.023.2, in the case of any Straddle Period, (i) property taxes and exemptions, allowances or deductions that are calculated on an annualized basis shall be apportioned between the Pre-Split-Off Distribution Period and the Post-Split-Off Distribution Period on a daily pro-rata basis and (ii) all other Ordinary Course Taxes shall be apportioned between the Pre-Split-Off Distribution Period and the Post-Split-Off Distribution Period on a closing of the books basis as of the close of business on the Split-Off Distribution Date.
Appears in 5 contracts
Samples: Tax Matters Agreement (Lumentum Holdings Inc.), Tax Matters Agreement (Viavi Solutions Inc.), Tax Matters Agreement (Lumentum Holdings Inc.)
Straddle Periods. For purposes of Sections 3.01 and 3.02, in the case of any Straddle Period, (i) property taxes and exemptions, allowances or deductions that are calculated on an annualized basis shall be apportioned between the Pre-SplitSpin-Off Period and the Post-SplitSpin-Off Period on a daily pro-rata basis and (ii) all other Taxes shall be apportioned between the Pre-SplitSpin-Off Period and the Post-SplitSpin-Off Period on a closing of the books basis as of the close of business on the SplitSpin-Off Date.
Appears in 3 contracts
Samples: Separation Agreement (Geo Point Resources, Inc.), Tax Matters Agreement (Geo Point Technologies Inc), Tax Matters Agreement (Geo Point Resources, Inc.)
Straddle Periods. For purposes of Sections 3.01 and 3.022.1 through 2.6, in the case of any Straddle Period, (i) property taxes Taxes and exemptions, allowances or deductions that are calculated on an annualized basis shall be apportioned between the Pre-Split-Off Distribution Period and the Post-Split-Off Distribution Period on a daily pro-rata basis and (ii) all other Taxes shall be apportioned between the Pre-Split-Off Distribution Period and the Post-Split-Off Distribution Period on a closing of the books basis as of the close of business on the Split-Off DateDistribution date.
Appears in 2 contracts
Samples: Tax Matters Agreement (N-Able, Inc.), Tax Matters Agreement (N-Able, LLC)
