Common use of Tax Accounting Practices Clause in Contracts

Tax Accounting Practices. Any Tax Return that includes any of the Company's or subsidiaries' assets or activities for any Pre-Closing Period shall be prepared in accordance with past Tax accounting practices used with respect to the Tax Returns in question (unless the party responsible for preparing the Tax Return determines that the past practices are no longer permissible under the Code or other applicable Tax law), and to the extent any items are not covered by past practices (or in the event such past practices are no longer permissible under the Code or other applicable Tax law), in accordance with reasonable Tax accounting practices selected by the party responsible for preparing the Tax Return.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Rite Aid Corp), Stock Purchase Agreement (Advance Paradigm Inc)

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Tax Accounting Practices. Any Tax Return that includes any of the Company's or subsidiaries' assets or activities for any Pre-Closing Period shall be prepared in accordance with past Tax accounting practices used with respect to the Tax Returns in question (unless the party responsible for preparing the Tax Return determines that the past practices are no longer permissible under the Code or other applicable Tax law), and to the extent any items are not covered by past practices (or in the event such past practices are no longer permissible under the Code or other applicable Tax law), in accordance with reasonable Tax accounting practices selected by the party responsible for preparing the Tax Return.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Unit Corp), Share Purchase Agreement (Unit Corp)

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Tax Accounting Practices. Any Tax Return that includes any of the Company's or subsidiaries' assets or activities for any Prepre-Closing Period shall be prepared in accordance with past Tax accounting practices used with respect to the Tax Returns in question (unless the party responsible for preparing the Tax Return determines that the past practices are no longer permissible under the Code or other applicable Tax law), and to the extent any items are not covered by past practices (or in the event such past practices are no longer permissible under the Code or other applicable Tax law), in accordance with reasonable Tax accounting practices selected by the party responsible for preparing the Tax Return.

Appears in 1 contract

Samples: Purchase Agreement (Millers Mutual Fire Insurance Co)

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