Examples of Closing Date Straddle Period in a sentence
In order to apportion appropriately any Taxes relating to any taxable period beginning prior to and ending after the Closing Date ("Straddle Period"), the parties hereto shall, to the extent permitted under applicable law, elect with the relevant Tax Authority to treat for all purposes, the Closing Date as the last day of the taxable year or period of FirstMark, and such period shall be treated as a short taxable year and a Pre-Closing Tax Period for purposes of this Section 9.
For purposes of this Agreement "Pre-Closing Tax Period" shall mean any taxable period ending on or before the Closing Date and the portion ending on and including the Closing Date of any taxable period that includes (but does not end on) the Closing Date ("Straddle Period").
With respect to Taxes relating to a period which begins prior to the Closing Date and which ends after the Closing Date (Straddle Period), the portion of the Taxes allocable to the period which begins prior to the Closing Date and ends on the Closing Date (the “Pre-Closing Straddle Period”) shall be calculated as if the Pre-Closing Straddle Period is equal to a fiscal period (Veranlagungszeitraum).
PRGI shall have the right and obligation to prepare and file timely, or cause to be prepared and filed timely, when due, all Tax Returns that are required to include the operations, ownership, assets or activities of Seller for any Tax periods ending on or after the Closing Date including any state or local Tax periods beginning before and ending after the Closing Date ("Straddle Period").
Except to the extent required by Law, once filed, Measurement Date Straddle Period Tax returns of ACE Lo and Closing Date Straddle Period Tax Returns of any MLK Entity shall not be amended, in each case, without the applicable Seller’s consent, which consent shall not be unreasonably withheld or delayed.
A&S will prepare all A&S Tax Returns for taxable periods including, but ending after, the Closing Date ("Straddle Period Returns") in a manner consistent with A&S's past Tax accounting practice and, in the absence thereof, reasonable Tax accounting practices selected by A&S.
Purchaser will prepare all Tax Returns for the Transferred Subsidiaries for taxable periods beginning before and ending after the Closing Date ("Straddle Period Returns"), provided that, to the extent permitted by Law, such Straddle Period Returns will be prepared in a manner consistent with past practice and consistent with the consolidated federal income Tax Return filed by Sellers pursuant to this Section 4.08(c).
Purchaser shall duly prepare, or cause to be prepared, and file, or cause to be filed, all Tax Returns with respect to the Company for any taxable periods beginning after the Closing Date ("Post-Closing Tax Periods") and for any taxable period which includes but does not end on the Closing Date ("Straddle Period").
With respect to any audit or other proceeding relating to Taxes for taxable periods that begin before and end after the Closing Date ("Straddle Period Taxes"), Seller shall have the right, at its own expense, to participate (i) in all conferences, meetings or proceedings with any Governmental Authority, the subject matter of which is or includes Straddle Period Taxes and (ii) in all appearances before any court, the subject matter of which is or includes Straddle Period Taxes.
For purposes of this Agreement, "Pre-Closing Tax Period" shall mean any taxable period ending on or before the Closing Date and the portion ending on and including the Closing Date of any taxable period that includes (but does not end on) the Closing Date ("Straddle Period").