Straddle Period Taxes definition

Straddle Period Taxes has the meaning assigned by Section 5.6(c).

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.

Straddle Period Taxes has the meaning specified in Section 10.3.

Examples of Straddle Period Taxes in a sentence

• 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.

• All Asset Taxes with respect to the ownership or operation of the Conveyed Interests arising on or after the Effective Time (including all Straddle Period Taxes not apportioned to Seller) shall be allocated to and borne by Buyer.

• The party required to file a Tax Return with respect to Straddle Period Taxes shall do so within the time period prescribed by law.

• The party required by law to file a Tax Return with respect to Straddle Period Taxes shall do so within the time period prescribed by law.

• The payments to be made pursuant to this paragraph by Seller or Buyer with respect to a Straddle Period shall be appropriately adjusted to reflect any final determination (which shall include the execution of Form 870-AD or successor form) with respect to Straddle Period Taxes.

More Definitions of Straddle Period Taxes

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

Straddle Period Taxes has the meaning set forth in Section 2.2(a).

Straddle Period Taxes shall have the meaning specified in Section 12.5.

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

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 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.