Interim Tax Period definition

Interim Tax Period means with respect to any Straddle Period, the portion of such Straddle Period that begins on the first day of such Straddle Period and ends on the Closing Date.
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Interim Tax Period means any taxable year or period that begins before the Closing Date and ends after the Closing Date.
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Interim Tax Period means, with respect to any Tax imposed on the Company Entities on a periodic basis for which the Closing Date is not the last day of a Short Tax Period, the period of time beginning on the first day of the actual taxable period that includes (but does not end on) the Closing Date and ending on the Closing Date.
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Examples of Interim Tax Period in a sentence

  • In any case in which applicable law specifically prohibits any of the Acquired Subsidiaries from treating the Closing Date as the last day of a Short Tax Period, then for purposes of this Agreement, the portion of such Taxes that is attributable to the operations of such Acquired Subsidiary for such Interim Tax Period will be the Income Tax that would be due with respect to the Interim Tax Period if such Interim Tax Period were a Short Tax Period.

  • At the Closing, the Stockholders and PalEx shall in good faith calculate the Company's taxable income from January 1, 1997 through June 30, 1997 and calculate and distribute to each Stockholder (i) the income taxes payable by such Stockholder with respect to such income at the Assumed Tax Rate, less (ii) the amount of all distributions to such Stockholder during or with respect to the Interim Tax Period.

  • In any case where applicable law specifically prohibits any of the Acquired Subsidiaries from treating the Closing Date as the last day of a Short Tax Period, then for purposes of this Agreement, the portion of such Tax that is attributable to the operations of such Acquired Subsidiaries for such Interim Tax Period will be the Tax that would be due with respect to the Interim Tax Period if such Interim Tax Period were a Short Tax Period.

  • For the avoidance of doubt, no representation or warranty contained in this Section 4.17 is intended to give rise or shall give rise to any claim for indemnity for any Tax with respect to any Post-Closing Period, any Purchaser Closing Date Tax or any Non-Income Taxes attributable to the Business in respect of the Interim Tax Period.

  • In any case where applicable Law specifically prohibits the Company from treating the Closing Date as the last day of a Short Tax Period, then for purposes of this Agreement, the portion of such Income Tax that is attributable to the operations of the Company for such Interim Tax Period will be the Income Tax that would be due with respect to the Interim Tax Period if such Interim Tax Period were a Short Tax Period.

  • Seller will assume from the Company any liability for Income Taxes for the Interim Tax Period to the extent such Income Taxes are not reflected in the Financial Statements.

  • As promptly as practicable after the Closing, but in any event within 30 days after the Closing, the Stockholders and Quanta shall in good faith calculate the Company's taxable income for the Interim Tax Period (the "Actual Income") and the Stockholders shall certify in writing to Quanta the highest actual combined and federal income tax rate among the Stockholders (the "Actual Tax Rate").

  • At the Closing, the Stockholders and Quanta shall in good faith estimate the Company's taxable income for the Interim Tax Period (the "Estimated Income") and calculate and distribute to each Stockholder the income taxes payable by such Stockholder at the Assumed Tax Rate (the "Estimated Amount") with respect to an amount equal to the Estimated Income less $750,000.

  • Horn shall be responsible, at his expense, for the preparation and filing of all Tax Returns of the Company for any Pre-Closing Tax Period other than an Interim Tax Period.


More Definitions of Interim Tax Period

Interim Tax Period has the meaning set forth in SECTION 6.4.
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Interim Tax Period has the meaning set forth in Section 7.6.
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Interim Tax Period means the taxable period beginning on January 1, 2021 and ending on the Closing Date. “Interfinancial” has the meaning set forth in the Preamble.
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Interim Tax Period means, with respect to any Tax imposed on the Company on a periodic basis for which the Closing Date is not the last day of a Short Tax Period, the period of time beginning on the first day of the actual taxable period that includes (but does not end on) the Closing Date and ending on the Closing Date.
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Interim Tax Period has the meaning ascribed to it in the definition of “Seller Taxes” in this Section 1.1.
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Related to Interim Tax Period

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends thereafter.

  • Straddle Period means any taxable period beginning on or prior to and ending after the Closing Date.

  • Post-Closing Tax Period means any Tax period (or portion thereof) beginning after the Closing Date.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Pre-Closing Tax Period means any Tax period ending on or before the Closing Date and that portion of any Straddle Period ending on the Closing Date.

  • Pre-Closing Straddle Period means the portion of the Straddle Period ending on the Closing Date.

  • Pre-Closing Tax Periods means any and all Tax periods that end on or before the Closing Date and the portion of any Straddle Period ending at the end of day on which the Closing occurs.

  • Closing Period means the period between the close of business on the date of this Agreement and the Closing.

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Base Tax Year means the property tax levy year used

  • Taxable Period means any taxable year or any other period that is treated as a taxable year (or other period, or portion thereof, in the case of a Tax imposed with respect to such other period, e.g., a quarter) with respect to which any Tax may be imposed under any applicable Law.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Pre-Closing Tax Return has the meaning set forth in Section 7.1(a).

  • Taxable Date means the date on which interest on the Note is first includable in gross income of the Lender thereof as a result of an Event of Taxability as such date is established pursuant to a Determination of Taxability.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • Pre-Deconsolidation Period means any Tax Period ending on or before the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period ending on the Deconsolidation Date.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Post-Closing Period means any taxable period (or portion thereof) beginning after the Closing Date.

  • Pre-Closing Tax Returns has the meaning set forth in Section 4.02(b).

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Pre-Closing Taxable Period means any taxable period ending on or before the Closing Date.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Tax Items shall have the meaning set forth in Section 6.4.A.