Short Tax Period definition

Short Tax Period has the meaning specified in Section 6.2(b)(ii).
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Short Tax Period means any Tax Period ending on the Closing Date.
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Short Tax Period will have the meaning set forth in Section 8.6(a).
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Examples of Short Tax Period in a sentence

  • Any income tax payable with respect to such Short Tax Period will be borne by Sellers, as a group, and Purchaser as hereinafter provided; provided, however, that any tax liability arising from an election made under Section 338 of the Code will be borne solely by Purchaser.

  • Any taxable income or loss with respect to a Short Tax Period will be included in the Acquired Companies federal income Tax Return, and, if applicable, consolidated, unitary or combined state income Tax Returns filed on behalf of the Acquired Companies in all jurisdictions to which the Acquired Companies are subject to income Tax (together with the United States federal Return, the "SUBJECT JURISDICTIONS").

  • Any income tax payable with respect to such Short Tax Period shall be borne by the Sellers, as a group, and Purchaser as hereinafter provided; provided, however, that any tax liability arising from an election made under Section 338 of the Code shall be borne solely by Purchaser.

  • In any case where applicable Law specifically prohibits the Company from treating the Closing Date as the last day of a Short Tax Period, then for purposes of this Agreement, the portion of such Income Tax that is attributable to the operations of the Company for such Interim Tax Period will be the Income Tax that would be due with respect to the Interim Tax Period if such Interim Tax Period were a Short Tax Period.

  • The Stockholders shall pay the U.S. federal and any applicable state income tax attributable to the Company's taxable income for the Short Tax Period.

  • The Sellers, severally, shall pay to Purchaser (for payment to the applicable taxing authority) not less than 2 days prior to the due date (including extensions) of a Tax Return to be filed in a Subject Jurisdiction for a Short Tax Period the amount of tax shown to be due on such Tax Return (except that any tax liability arising from an election made under Section 338 of the Code shall be borne solely by Purchaser).

  • The Sellers, severally, shall pay to Purchaser not less than 10 days prior to the due date (including extensions) of a Tax Return to be filed in a Subject Jurisdiction for a Short Tax Period the amount of tax shown to be due on such Tax Return (except any tax liability arising from an election made under Section 338 of the Code shall be borne solely by Purchaser).

  • Metelics shall close its books as of the end of the Short Tax Period pursuant to Section 1362(e)(6)(D) of the Code and compute taxable income or taxable loss for the Short Tax Period on the basis of the permanent books and records of Metelics.

  • With respect to each Tax Return covering a Short Tax Period that is required to be filed in a Subject Jurisdiction after the Closing Date for, by or with respect to Company, Company shall cause such Tax Return to be prepared and shall cause to be included in such Tax Return all items of income, gain, loss, deduction and credit or other items (collectively "TAX ITEMS") required to be included therein.

  • Any taxable income or loss of the Company with respect to a Short Tax Period shall be included in the Company's federal income Tax Return, and, if applicable, consolidated, unitary or combined state income Tax Returns filed on behalf of the Company in all jurisdictions to which Company is subject to income Tax (together with the United States federal Return, the "SUBJECT JURISDICTIONS").


More Definitions of Short Tax Period

Short Tax Period shall have the meaning set forth in Apportionment of Income and Loss. For purposes of apportioning taxable income or loss relating to any taxable period that ends on the day immediately preceding the Effective Date ("Short Tax Period") and for that portion of any taxable year that includes (but that does not end on) the day immediately preceding the Effective Date (a "Partial Tax Period"), such taxable income or loss shall be determined by reference to the operations of the Company through the day immediately preceding the Effective Date as though it were the last day of a taxable year under Treasury Regulation Section 1.1502-76(b). If required, appropriate elections shall be made with applicable taxable authorities to accomplish such result..
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Short Tax Period means any Tax Period ending on the Closing Date. "Interim Tax Period" means, with respect to any Taxes imposed on the Acquired Subsidiaries on a periodic basis for which the Closing Date is not the last day of a Short Tax Period, the period of time beginning on the first day of the actual Tax Period that includes (but does not end on) the Closing Date and ending on the Closing Date. "Pre-Closing Tax Period" means any Tax Period, Short Tax Period or Interim Tax Period ending on or before the Closing Date.
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Related to Short Tax Period

  • Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends thereafter.

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Post-Closing Tax Period means any Tax period (or portion thereof) beginning after the Closing Date.

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Straddle Period means any taxable period beginning on or before the Closing Date and ending after the Closing Date.

  • Pre-Closing Tax Period means any Tax period ending on or before the Closing Date.

  • UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document.

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Transaction Tax Deductions means any Tax deductions relating to (i) any pay down or satisfaction of Company Indebtedness or other Indebtedness, (ii) the payment or incurrence of any Transaction Expenses or Transaction Bonus Payments and (iii) any other deductible payments attributable to the Contemplated Transactions economically borne by the Seller. For this purpose, any success-based fees shall be treated as deductible in accordance with Rev. Proc. 2011-29.

  • Base Tax Year means the property tax levy year used

  • Income Tax Returns means all Tax Returns relating to Income Taxes.

  • Non-Income Tax Return means any Tax Return relating to any Tax other than an Income Tax.

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Pre-Tax Earnings means the Corporation's earnings before income taxes as reported in the Company's Consolidated Income Statement for each fiscal year of the Performance Period, excluding any non-cash charge incurred in accordance with accounting principles generally accepted in the United States of America (GAAP) for any restricted stock or restricted stock unit awards granted during the Performance Period and all options, restricted stock and other equity compensation granted to Directors during the Performance Period.

  • Non-U.S. Tax Person A person other than a U.S. Tax Person.

  • Taxable Period means any taxable year or any other period that is treated as a taxable year (or other period, or portion thereof, in the case of a Tax imposed with respect to such other period, e.g., a quarter) with respect to which any Tax may be imposed under any applicable Law.

  • Transaction Payroll Taxes means all employer portion payroll or employment Taxes incurred in connection with any bonuses, option cash-outs or other compensatory payments in connection with the Transactions.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Pre-Closing Tax Return means any Tax Return that is required to be filed for any Acquired Companies, the Seller or any of its Affiliates with respect to a Pre-Closing Tax Period.

  • Consolidated Income Tax Expense for any period means the provision for taxes of the Issuer and the Restricted Subsidiaries, determined on a consolidated basis in accordance with GAAP.

  • Pre-Closing Straddle Period means the portion of the Straddle Period ending on the Closing Date.