Prior Period Return definition

Prior Period Return means any Tax Return related to Income Tax required or permitted to be filed for a taxable period that ends on or prior to the Closing Date.
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Prior Period Return has the meaning set forth in Section 7.5(e).
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Prior Period Return means a Pre-Closing Return that was due before the Closing Date and (y) “Current Period Return” means a Pre-Closing Return that is due after the Closing Date or a Straddle Period Return.
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Examples of Prior Period Return in a sentence

  • Buyer shall make available or shall cause the Company to make available to AWW any and all books and records of the Company and other documents requested by AWW and shall make available employees of the Company reasonably necessary to enable AWW to defend any audit or other proceeding or to prosecute any refund claim with respect to any Prior Period Return and shall cooperate with AWW, at their expense, in defense of such audits or refund claims.

  • Buyer and the Company shall elect not to carry back any Tax losses of the Company arising in a Buyer's Return to any Tax period included in a Prior Period Return.

  • AWW shall have the right to control any and all audits or other proceedings relating to any Prior Period Return, including the filing of an amended return or claim for refund; provided, however, that AWW shall not agree to the resolution of any audit or other proceeding relating to any Prior Period Return or file an amended Prior Period Return or refund claim that would have any Material Adverse Effect on the Company without Buyer's consent, which consent shall not be unreasonably withheld.

  • The Purchaser shall not settle any such Tax claim with respect to any Prior Period Return without the Sellers’ Representative’s written consent, which consent shall not be unreasonably withheld, delayed or conditioned if such Tax claim may result in any Tax liability for which the Sellers may be liable under this Agreement.

  • The Purchaser shall, at its election, control any and all audits or other proceedings and litigation relating to any Prior Period Return (other than with respect to a Straddle Tax Period), including the filing of an amended Tax Return, and shall keep the Shareholders reasonably informed of the status of any such matters.

  • Buyer shall deliver to Sellers, for their review and comment, a draft of each Prior Period Return at least 20 days prior to the applicable filing deadline of such Prior Period Return (or to the extent such 20 day period would begin prior to Closing, promptly following Closing).

  • Buyer shall promptly notify Seller following receipt of any notice of audit or other proceeding relating to any Prior Period Return or Tax Return for the Straddle Period.

  • Buyer shall pay to Seller the amount of any refund or realized Tax credit related to any Prior Period Return or Seller’s portion of any Tax Return for the Straddle Period within five (5) Business Days of its receipt.

  • Seller shall consider in good faith any reasonable comments of Buyer on such Prior Period Return.

  • Seller shall have the right (i) to control any and all audits or other proceedings relating to any Prior Period Return, or the filing of any amended Prior Period Return and (ii) to participate in the audit of any Tax Return for the Straddle Period.

Related to Prior Period Return

  • Prior Period With respect to any Distribution Date, the calendar month immediately preceding such Distribution Date.

  • 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.

  • Prior Period Investments means investments made in a previous evaluation period that are outstanding as of the examination date.

  • Three-Year Period means, with respect to a Restatement, the three completed fiscal years immediately preceding the date that the Board, a committee of the Board, or the officer or officers of the Company authorized to take such action if Board action is not required, concludes, or reasonably should have concluded, that the Company is required to prepare such Restatement, or, if earlier, the date on which a court, regulator or other legally authorized body directs the Company to prepare such Restatement. The “Three-Year Period” also includes any transition period (that results from a change in the Company’s fiscal year) within or immediately following the three completed fiscal years identified in the preceding sentence. However, a transition period between the last day of the Company’s previous fiscal year end and the first day of its new fiscal year that comprises a period of nine to 12 months shall be deemed a completed fiscal year.

  • Consolidated Return means any Tax Return relating to Income Taxes filed pursuant to Section 1502 of the Code, or any comparable combined, consolidated, or unitary group Tax Return relating to Income Taxes filed under state or local tax law which, in each case, includes IDT and at least one subsidiary.

  • Quarterly Period means each period of three (3) consecutive months ending on March 31, June 30, September 30, and December 31.

  • Benefit Distribution Date means the date upon which all or an objectively determinable portion of a Participant’s vested benefits will become eligible for distribution. Except as otherwise provided in the Plan, a Participant’s Benefit Distribution Date shall be determined based on the earliest to occur of an event or scheduled date set forth in Articles 4 through 9, as applicable.

  • Post-Deconsolidation Period means any Tax Period beginning after the Deconsolidation Date, and, in the case of any Straddle Period, the portion of such Straddle Period beginning the day after the Deconsolidation Date.

  • Look-back Period means, with respect to any Employment Violation by Grantee, the period beginning on the date which is 12 months prior to the date of such Employment Violation by Grantee and ending on the date of computation of the Recapture Amount with respect to such Employment Violation.

  • Profit Distribution Date means the date on which the Management Company decides to distribute the profits (if any).

  • Earnout Period has the meaning specified in Section 2.03(a).

  • Combined Return means any Tax Return (other than for Federal Income Taxes) filed on a consolidated, combined (including nexus combination, worldwide combination, domestic combination, line of business combination or any other form of combination), unitary or Group Relief basis that includes activities of members of the ESG Group or the KBR Group, or both, as the case may be.

  • Increased Reporting Period means the period commencing after the continuance of an Increased Reporting Event and continuing until the date when no Increased Reporting Event has occurred for 30 consecutive days.

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • Pre-Distribution Period means any Taxable period (or portion thereof) ending on or before the Distribution Date.

  • Restructuring Period means, whether or not there are Rated Securities at the time a Restructuring Event occurs, the period of 45 days starting from and including the day on which that Restructuring Event occurs.

  • Current Return means the minimum fair combined rate of return on common equity required for

  • extended reduction period means the period for which a person is in receipt of an extended reduction in accordance with paragraph 89, 96 or 101;

  • Earn-Out Period has the meaning set forth in Section 2.3(a).

  • Interim Distribution Date means the date as soon as reasonably practicable after the Plan Implementation Date;

  • Post-Distribution Period means any Tax Period beginning after the Distribution Date and, in the case of any Straddle Period, the portion of such Tax Period beginning on the day after the Distribution Date.

  • Prior Month Receipt Period With respect to each Distribution Date, the calendar month preceding the month in which such Distribution Date occurs.

  • Deconsolidation Date means the last date on which SpinCo qualifies as a member of the affiliated group (as defined in Section 1504 of the Code) of which Parent is the common parent.

  • Determination Period means the period from and including a Determination Date in any year to but excluding the next Determination Date; and

  • Budget Year means the financial year of the municipality for which an annual budget is to be approved in terms of section 16(1) of the MFMA;

  • Quarterly Valuation Date means the last Business Day of each February, May, August and November of each year commencing on the first such date next following the Date of Original Issue of a series of MTP , except with respect to delivery of Accountant’s Confirmation in which case “Quarterly Valuation Date” shall mean the last Business Day of such of the last Business Days of February, May, August and November in each year as is selected by S&P.