Seller Period definition

Seller Period means (i) any Tax period ending on or prior to the Closing Date and (ii) the portion of any Straddle Period prior to and including the Closing Date, in each case, as determined under Section 10.01.

Seller Period means (i) the taxable periods (Veranlagungs- bzw. Erhebungszeiträume) ending on or before the Targeted Closing Date, 24:00 hours German time and (ii) with respect to a taxable period beginning before and ending after the Targeted Closing Date, 24:00 hours German time (the “Straddle Period”), that portion of such taxable period ending on the Targeted Closing Date, 24:00 hours German time;

Seller Period means the period from July 31, 1991 through the Closing.

Examples of Seller Period in a sentence

• The Purchaser agrees that it shall also promptly provide the Sellers Representative with a statement of all such Greenstone Distributions which relate to the Seller Period.

• The Sellers hereby covenant and agree that they will be responsible for all Taxes in respect of such Greenstone Distributions which relate to the Seller Period and which have been delivered to the Seller Representative under this Section 11.5, including any Taxes payable by the Company to the extent that the Greenstone Distributions which have been delivered to the Seller Representative under this Section 11.5 are connected to income allocated by Greenstone to the Company.

• The Parties acknowledge and agree that, when required pursuant to the Greenstone LPA, Greenstone Distributions from Greenstone to the Company are to occur quarterly in arrears (and in particular, within 45 days of the end of any such quarter) and as a result, the Company may receive Greenstone Distributions after Closing which relate to the Seller Period.

• The Parties agree that any such distributions which related to the Seller Period shall accrue to the benefit of the Sellers and if the Purchaser receives such Greenstone Distributions which relate to the Seller Period, the Purchaser agrees to hold such Greenstone Distributions which relate to the Seller Period for the benefit of the Sellers and to deliver such amounts to the Sellers Representative (or as the Sellers Representative directs) within three Business Days of receipt of such amounts.

• To the extent that Greenstone Distributions relate to a time period that occurred partially during the Seller Period, the Parties agree that the Pro Rata Portion of such Greenstone Distributions shall accrue to the benefit of the Sellers and constitute Seller Period Distributions.

More Definitions of Seller Period

Seller Period shall have the meaning set forth in Section 11.1.

Seller Period means the period of time until (but excluding) 12:01 a.m. (New York City time) on the Economic Transfer Date.

Seller Period means any taxable year or period of the Company (or portion thereof) ending before the Closing Date or, in the event of a Section 338(h)(10) Election, on the Closing Date.