Examples of Price Allocation in a sentence
The parties agree to act in accordance with the computations and allocations contained in the Final Purchase Price Allocation in any relevant Tax returns or filings (including any forms or reports required to be filed pursuant to Section 1060 of the Code or any provisions of local, state and foreign law (“1060 Forms”)), and to cooperate in the preparation of any 1060 Forms and to file such 1060 Forms in the manner required by applicable law.
Neither Buyer nor Seller shall take any position (whether in audits, Tax returns, or otherwise) that is inconsistent with the Final Purchase Price Allocation unless required to do so by applicable law.
To the extent the Purchase Price is adjusted under Section 3.2, the parties shall adjust the Final Purchase Price Allocation consistent with Schedule 3.4 and the rules under Section 1060 of the Code to reflect such adjustment to the Purchase Price.
Accordingly, each party to this Agreement shall adopt and utilize such Price Allocation for purposes of all tax returns filed by them and shall not voluntarily take any position inconsistent therewith in connection with any examination of any tax return, any refund claim, any litigation proceeding or otherwise.
EBIT (Earnings Before Interest and Taxes) pre PPA, restructuring and integration cost: EBIT excluding integration and restructuring costs related to the merger transaction and the impact on amortization of intangibles’ fair value from of the Purchase Price Allocation (PPA).