Examples of Per Diem Taxes in a sentence
This proration of Per Diem Taxes shall be subject to adjustment after the Closing Date when the final tax bills for the year of the Closing becomes available.
All Per Diem Taxes assessed for the calendar year that includes the Closing Date shall be prorated in accordance with Section 7.5(c) using the latest available rates and assessments, and Seller’s proportionate share of Per Diem Taxes shall be credited to Buyer pursuant to a written closing statement (the “Proration Statement”).
Without limiting the generality of the foregoing, the Indemnitors shall not be required to indemnify, save or hold the Purchaser Indemnitees harmless from any Per Diem Taxes incurred during the Pre-Closing Tax Period caused by any action of Purchaser following the Closing.
With respect to all Taxes other than Per Diem Taxes, the amount of such Taxes that will be treated as attributable to a Pre-Closing Tax Period shall be equal to the amount of such Tax that would have been due if the relevant Straddle Period ended as of the day immediately prior to the Closing Date, and such date was the last day of a hypothetical Tax period ending on such date.