Examples of Proration Periods in a sentence
With respect to measurement periods during which the Closing Date occurs (all such periods of time being hereinafter called "Proration Periods").
During the Pro-ration Periods, Yahoo's obligations ----------- under Section 2.1 shall be suspended and its delivery guarantees under Section 2.3 shall be prorated on a daily basis from September 30, 1999.
Purchaser shall prepare and timely file any ad valorem Tax Returns for all Proration Periods and shall provide Sellers with a draft of such Tax Returns at least twenty (20) days prior to the filing of any such Tax Return.
Real and personal property taxes, ad valorem taxes, and franchise fees or taxes (that are imposed on a periodic basis (as opposed to a net income basis)) (collectively, "Periodic Taxes") shall be prorated between Seller and Buyer for any taxable period that includes but does not end on the Closing Date (all such periods of time being hereinafter called "Proration Periods").
Periodic Taxes attributable to Proration Periods shall be prorated between Buyer and Seller based on the relative periods the Contributed Assets were owned by each respective party during the fiscal period of the taxing jurisdiction for which such taxes were imposed by such jurisdiction (as such fiscal period is or may be reflected on the xxxx rendered by such taxing jurisdiction).
Periodic Taxes attributable to Proration Periods shall be prorated between Buyer and Seller based on the relative periods the Purchased Property was owned by each respective party during the fiscal period of the taxing jurisdiction for which such taxes were imposed by such jurisdiction (as such fiscal period is or may be reflected on the xxxx rendered by such taxing jurisdiction).
Purchaser agrees (A) to complete IRS Form 8594 consistently with such allocation within the later of (i) 45 days after the Closing Date and (ii) the completion of the proration for the Proration Periods referenced in last sentence of Section 2.06(e) below and (B) to furnish Seller with a copy of such form prepared in draft form, within a reasonable period before the filing due date of such form.
Periodic Taxes and Expenses attributable to Proration Periods shall be prorated between PNMR and the Company based on the relative period Altura is owned by PNMR and by the Company during the Tax Period or during the billing period for which such expenses were incurred.
Within ninety (90) days after the Closing, the parties, based upon any and all invoices relating to all Proration Periods, shall agree upon the relative amounts allocable to each party and as required adjust the amount paid by Purchaser to Seller at Closing to reflect such amounts.
Periodic Taxes attributable to Proration Periods shall be prorated between Buyer and Seller based on the relative periods the Contributed Assets were owned by each respective party during the fiscal period of the taxing jurisdiction for which such taxes were imposed by such jurisdiction (as such fiscal period is or may be reflected on the bill rendered by such taxing jurxxxxction).