Examples of Accounting Effective Date in a sentence
The transactions of the Disappearing Companies will be ascribed to the financial statements of the Surviving Company as from 1 April 2021 (the “Accounting Effective Date”).The same Accounting Effective Date will be considered the start date for the purposes referred to in Article 172, paragraph 9, of Presidential Decree No. 917 of 22 December 1986.
From time to time after the Closing, if SXE discovers outstanding trade payables owed by the Assignors to third Persons for periods ending before the Accounting Effective Date (that are not otherwise Assumed Liabilities or addressed in the Adjustment List and paid pursuant to Section 2.8), SXE may notify the Sellers in writing of same.
Unless otherwise provided herein, all proceedings to be taken and all documents to be executed and delivered by the Parties at and for the Closing will be deemed to have been taken and executed simultaneously, effective as of the Accounting Effective Date, and no proceedings will be deemed to have been taken nor documents executed until all have been taken in respect of the Closing.
Accordingly, for financial accounting purposes, all income received by RH and its subsidiaries between the Accounting Effective Date and the Closing Date shall be for the account of Buyer and all expenses incurred by RH and its subsidiaries between the Accounting Effective Date and the Closing Date shall be for the account of Buyer.
For avoidance of doubt, the establishment of the Accounting Effective Date shall not affect the representations and warranties of Seller and Buyer given as of the Closing Date, the documents and other deliverables to be furnished by the parties at Closing, the calculation of the Closing Consideration, the post-Closing covenants of the Parties, or the indemnification obligations of Seller and Buyer.
All Taxes attributable to the ownership or operation of the Assigned Assets after the Accounting Effective Date shall be SXE’s responsibility, and all deductions, credits and refunds pertaining to such Taxes, regardless of when received, shall belong to SXE.
The tax effects of the Merger, as per the above Article 6, will apply from the Accounting Effective Date, pursuant to Article 172, paragraph 9, of Presidential Decree No. 917/1986.
The effective date of the Merger for tax and accounting purposes shall be 1 January 2013 (00.00h CET) (the Merger Accounting Effective Date).
The transactions of the DisappearingCompanies will be ascribed to the financial statements of the Surviving Company as from 1 April 2021 (the “Accounting Effective Date”).The same Accounting Effective Date will be considered the start date for the purposes referred to in Article 172, paragraph 9, of Presidential Decree No. 917 of 22 December 1986.
Buyers’ Parent shall be responsible for (and shall pay or cause to be timely paid) any and all Taxes of the Target Companies and Target Subsidiaries attributable to all Post-Closing Tax Periods, including to that portion of a Straddle Period beginning after the Accounting Effective Date, provided, for the avoidance of doubt, that Sellers’ Parent, on behalf of Sellers, shall be shall be responsible for Taxes for which the Sellers’ Parent has an indemnification obligation under this Agreement.