Tax Periods. With respect to any Taxes for any taxable period that includes but does not end as of the Closing Date, the amount of Taxes subject to indemnification hereunder shall be calculated as if such taxable period ended as of the close of business on the Closing Date, except that property Taxes calculated on an annual basis shall be prorated based on the number of days in the annual period elapsed through the Closing Date compared to the number of days in the annual period elapsing after the Closing Date.
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Samples: Stock Purchase Agreement (Chiron Corp), Stock Purchase Agreement (Bausch & Lomb Inc)
Tax Periods. With respect to any Taxes for any taxable period that includes but does not end as of the Closing DateClosing, the amount of Taxes subject to indemnification hereunder shall be calculated as if such taxable period ended as of the close of business on the Closing DateClosing, except that property Taxes and exemptions, allowances or deductions that are calculated on an annual basis shall be prorated based on the number of days in the annual period elapsed through the Closing Date compared to the number of days in the annual period elapsing after the Closing DateClosing.
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Tax Periods. With respect to any Taxes for any taxable period Taxable Period ----------- that includes but does not end as of the Closing DateClosing, the amount of Taxes subject to indemnification hereunder shall be calculated as if such taxable period Taxable Period ended as of on (and included) the close of business on the Closing DateClosing, except that property Taxes and exemptions, allowances or deductions that are calculated on an annual basis shall be prorated based on the number of days in the annual period elapsed through the Closing Date compared to the number of days in the annual period elapsing after the Closing DateClosing.
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