Closing Year definition

Closing Year means the calendar year in which the Closing takes place;

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Closing Year shall have the meaning assigned thereto in Section 10.2(b).

Closing Year means the calendar year in which the Closing occurs.

Examples of Closing Year in a sentence

• Remaining refunds or savings shall belong to and be the property of the Sellers if relating to Taxes payable in years prior to the Closing Year and shall be allocated between the parties based on their periods of ownership if relating to Taxes payable in the Closing Year.

• The division of income and expenses of the Property between Seller and Buyer based on their respective periods of ownership during the Closing Year and as of 12:01 a.m. local time where the Land is located on the Closing Date.

• Unless prohibited by law, on and after Closing, Buyer shall collect VIT on Dealership vehicle sales for the balance of the Closing Year and remit such VIT to the appropriate taxing authority (or, if it rejects such payment, to Seller so that Seller may remit such VIT) so that such Closing Year VIT may be applied to Seller’s account.

• To the extent there is VIT shortfall for the Closing Year, Seller shall be solely responsible for such shortfall attributable to pre-Closing period (based on a comparison of the VIT collected for the same period in the prior year), and Buyer shall reimburse Seller for any VIT shortfall for the Closing Year attributable to the post-Closing period (based on a comparison of the VIT collected for the same period in the prior year).

• Buyer shall pay all Taxes and installments of special assessments due and payable in the Closing Year and for years prior to the Closing Year, if any remain outstanding, and shall upon request furnish evidence of such payment to Title Company.

More Definitions of Closing Year

Closing Year has the meaning specified in Section 5.7.

Closing Year means the calendar year during which the sale of the Purchased Assets occurs. “Code” means the Internal Revenue Code of 1986, as amended.

Closing Year as defined in Section 9.1.1.

Closing Year means the 2023 calendar year in which the Closing takes place;

Closing Year means the calendar year in which an applicable Closing occurs.

Closing Year shall have the meaning set forth in Section 5.7(a).

Closing Year as defined in Section 5.3.1(c).