Prorated Taxes definition

Prorated Taxes means all personal property, real property, intangible property and other ad valorem Taxes imposed on or with respect to the Business and/or the Purchased Assets for any Straddle Period.
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Prorated Taxes has the meaning assigned in Section 3.6.
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Prorated Taxes means all real property Taxes or similar ad valorem obligations with respect to real property levied with respect to the Purchased Entity Assets for any taxable period that includes July 31, 2010 and ends after July 31, 2010, whether imposed or assessed before or after July 31, 2010. Prorated Taxes shall be pro rated between Sellers and Purchaser as of 12:01 a.m. (Eastern time) on August 1, 2010 based on the relative number of days in each portion of the relevant taxable period.
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Examples of Prorated Taxes in a sentence

  • The portion of such Prorated Taxes attributable to the Pre-Closing Tax Period shall be deemed to be the amount of such Tax for the entire taxable period multiplied by a fraction, the numerator of which is the number of days in the Straddle Period ending on the Closing Date and the denominator of which is the number of days in the Straddle Period.

  • The amount of any Prorated Taxes with respect to the Business and the Purchased Assets for any Straddle Period shall be apportioned between the Pre-Closing Tax Period and the Post-Closing Tax Period in accordance with this Section 7.04.

  • The Seller shall be liable for the amount of such Prorated Taxes attributable to the Pre-Closing Tax Period, and the Buyer shall be liable for the amount of such Prorated Taxes attributable to the Post-Closing Tax Period.

  • The amount of any Prorated Taxes with respect to the Transferred Business and the Purchased Assets for any Straddle Period shall be apportioned between the Pre-Closing Tax Period and the Post-Closing Tax Period in accordance with this Section 7.04.

  • The Sellers shall be liable for the amount of such Prorated Taxes attributable to the Pre-Closing Tax Period, and the Buyer shall be liable for the amount of such Prorated Taxes attributable to the Post-Closing Tax Period.


More Definitions of Prorated Taxes

Prorated Taxes shall have the meaning set forth in Section 10.11 hereof.
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Prorated Taxes has the meaning set forth in §1.8.
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Prorated Taxes shall have the meaning ascribed to it in Paragraph 7.1.A.
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Prorated Taxes shall have the meaning ascribed to it in Paragraph 7.1.A. Schedule A - 11
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Related to Prorated Taxes

  • Excluded Taxes means any of the following Taxes imposed on or with respect to any Recipient or required to be withheld or deducted from a payment to a Recipient, (a) Taxes imposed on or measured by net income (however denominated), franchise Taxes, and branch profits Taxes, in each case, (i) imposed as a result of such Recipient being organized under the laws of, or having its principal office or, in the case of any Lender, its Lending Office located in, the jurisdiction imposing such Tax (or any political subdivision thereof) or (ii) that are Other Connection Taxes, (b) in the case of a Lender, U.S. federal withholding Taxes imposed on amounts payable to or for the account of such Lender with respect to an applicable interest in a Loan or Commitment pursuant to a law in effect on the date on which (i) such Lender acquires such interest in the Loan or Commitment (other than pursuant to an assignment request by the Borrower under Section 10.13) or (ii) such Lender changes its Lending Office, except in each case to the extent that, pursuant to Section 3.01(a)(ii), (a)(iii) or (c), amounts with respect to such Taxes were payable either to such Lender’s assignor immediately before such Lender became a party hereto or to such Lender immediately before it changed its Lending Office, (c) Taxes attributable to such Recipient’s failure to comply with Section 3.01(e) and (d) any U.S. federal withholding Taxes imposed pursuant to FATCA.

  • Indemnified Taxes means Taxes other than Excluded Taxes.

  • Non-Excluded Taxes as defined in Section 2.20(a).

  • Local taxes means all taxes levied other than taxes levied for school operating purposes.

  • Taxes means all present or future taxes, levies, imposts, duties, deductions, withholdings (including backup withholding), assessments, fees or other charges imposed by any Governmental Authority, including any interest, additions to tax or penalties applicable thereto.

  • Other Taxes means all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes that arise from any payment made under, from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, any Loan Document, except any such Taxes that are Other Connection Taxes imposed with respect to an assignment (other than an assignment made pursuant to Section 3.06).

  • Property Taxes means all real property Taxes, personal property Taxes and similar ad valorem Taxes.