Overlap Period definition
Examples of Overlap Period in a sentence
The Buyer shall provide the Seller Entities with a draft of each such Overlap Period Tax Return at least thirty (30) days prior to the due date for filing such Tax Return.
Any return of a Licensed Product after the Overlap Period will be the sole responsibility of Purchaser.
Nothing in this Settlement Agreement shall be construed as an admission by Premiere of any fact, finding, conclusion of law, issue of law, or violation of law; nor shall compliance with this Settlement Agreement constitute or be construed as an admission by Premiere of any fact, finding, conclusion of law, issue of law, or violation of law, such being specifically denied by Premiere.
The Purchasers agree that, in the event the Purchasers or any Purchased Entity receive notice in writing of any examination, claim, settlement, proposed adjustment, administrative or judicial proceeding, or other matter related to any Pre-Closing Taxes or Overlap Period Taxes for which the Sellers may be liable under Section 9.2(b), the Purchasers will notify the Sellers in writing promptly after receipt of such notice.
For purposes of this Section 5.12, any Overlap Period shall be treated on a “closing of the books” basis as two partial periods, one ending at the close of business on the Closing Date and the other beginning on the day after the Closing Date, except that Taxes imposed on a periodic basis, such as ad valorem Taxes, shall be allocated on a daily basis.