Straddle Period Taxes definition

Straddle Period Taxes shall have the meaning set forth in Section 5.4.

Straddle Period Taxes has the meaning specified in Section 7.2(b) hereof.

Straddle Period Taxes means all Taxes (other than those arising as a result of a Section 338 Election) incurred by, imposed on, or asserted against any SPV for a Straddle Period.

Examples of Straddle Period Taxes in a sentence

• Mr Palmer stated that it was one of those carve ups which took up the least amount of time.

• New News Corporation shall pay or cause to be paid to Remainco such amount of Straddle Period Taxes that is attributable to the Post-Distribution Period under this Section 2.02(a)(iii) within five (5) Business Days prior to the actual due date for payments in respect of the corresponding Tax Return for such Straddle Period Taxes.

• The Party required by Applicable Law to pay any such Straddle Period Taxes (the “Paying Party”) shall prepare and timely file the Tax Returns with respect thereto in the time and manner required by Applicable Law and shall timely pay all Taxes reflected on such Tax Returns.

• All Non-Income Taxes and Production Taxes with respect to the ownership or operation of the Assets arising on or after the Closing Date (including all Straddle Period Taxes not apportioned to Seller) shall be allocated to and borne by Buyer.

• To the extent any such payment exceeds the obligation of the Paying Party hereunder, the Paying Party shall provide the other party (the “ Non-Paying Party ”) with notice of payment, and within 10 days of receipt of such notice of payment, the Non-Paying Party shall reimburse the Paying Party for the Non-Paying Party’s share of such Straddle Period Taxes.

More Definitions of Straddle Period Taxes

Straddle Period Taxes has the meaning specified in Section 10.3.

Straddle Period Taxes means any Taxes with respect to the Straddle Period.

Straddle Period Taxes means any real property, personal property and similar Taxes levied with respect to the Purchased Assets or the Business attributable to a Straddle Period.

Straddle Period Taxes means, with respect to any Tax for any Straddle Period, the portion of such Tax that is allocable to the portion of the Straddle Period ending on the Closing Date, or the Effective Date in the case of any Income Tax: (a) in the case of a Tax that is (i) based upon or related to income or receipts the amount which would be payable if the taxable year ended on end of the Effective Date, or (ii) imposed in connection with any sale or other transfer or assignment of property (real or personal, tangible or intangible), deemed equal to the amount which would be payable if the taxable year ended on the end of the Effective Date and (b) in the case of a Tax imposed on a periodic basis (i) with respect to the assets of any Seller Entity or the assets of the Business or otherwise measured by the level of any item, or (ii) with respect to the Employees, deemed to be the amount of such Tax for the entire Straddle Period (or, in the case of such a Tax determined on an arrears basis, the amount of such Tax for the immediately preceding period), multiplied by a fraction, the numerator of which is the number of calendar days in the period ending on the end of the Closing Date and the denominator of which is the number of calendar days in the entire Straddle Period.

Straddle Period Taxes means the sum of all Taxes that accrue during the Straddle Period and are actually paid by the Seller, a third Person at the direction of the Seller, or any other Person who, directly or indirectly, owns an equity interest in the Seller.

Straddle Period Taxes and “Straddle Period Tax Returns” shall have the correlative meanings.

Straddle Period Taxes is defined in Section 5.8(a).