Straddle Return definition

Straddle Return means a Tax Return for a Straddle Period.
Straddle Return means a tax return for a Straddle Period.
Straddle Return has the meaning set forth in Section 5.6(a)(iii).

Examples of Straddle Return in a sentence

  • If the Buyer and the Seller cannot agree on the amount of Taxes owed by the Seller with respect to a Straddle Return, the Seller shall pay or cause to be paid to the Buyer the amount of Taxes reasonably determined by the Seller to be owed by the Seller.

  • The Seller and the Buyer shall equally share the fees and expenses of such accounting firm and its determination as to the amount owing by the Seller with respect to a Straddle Return shall be binding on the Seller and the Buyer.

  • The Seller shall be entitled to reduce its obligation to pay Taxes with respect to a Straddle Return by the amount of any estimated Taxes paid with respect to such Taxes on or before the Effective Time.

  • In the event that Buyer and Seller cannot agree on the amount of Income Taxes owed by Seller, with respect to a Straddle Return or a Post-Closing Return, Seller shall pay to Buyer the amount of Income Taxes reasonably determined by Buyer to be owed by them pursuant to subsection 16.1(a).

  • Seller and Buyer shall equally share the fees and expenses of such accounting firm, and its determination as to the amount owing by Seller, pursuant to Section 16.1(a) with respect to a Straddle Return or Post-Closing Return shall be binding on both parties.


More Definitions of Straddle Return

Straddle Return shall have the meaning set forth in Section 16.2(c).
Straddle Return shall have the meaning set forth in Section 2.01.
Straddle Return is defined in Section 6.9(b).
Straddle Return means a Tax Return that is required to be filed with respect to any Transferred Subsidiary for a Straddle Period.
Straddle Return has the meaning ascribed to it in paragraph 7.4 of part 4;
Straddle Return means a Tax Return that is required to be filed with respect to any member of the Company Group for a Straddle Period.
Straddle Return means a Tax Return for a Straddle Period. “Subsidiaries” and “Subsidiary” shall mean each entity in which at least 50% of such entity’s equity is owned, directly or indirectly, by either Company by itself or by the Companies, collectively. “Subsidiary Securities” shall have the meaning given in Section 3.5(c). “Targeted Net Working Capital” shall mean $20,143,749. “Tax” or “Taxes” shall mean any federal, state, county, local or foreign taxes, charges, levies, imposts, duties, other assessments or similar charges of any kind whatsoever, including interest and penalties imposed thereon, whether disputed or not. “Tax Return” shall mean any report, return, information return or other information required to be supplied to a taxing authority in connection with Taxes, including any schedule or attachment thereto, and including any amendment thereof. “Third Party Claim” shall have the meaning given in Section 6.6(a). “Transaction Document” shall mean this Agreement and any other agreement or document to be executed or delivered herewith or in connection with the Closing. “Unaudited Financial Statements” shall have the meaning given in Section 3.10(a). “Used Oil Specifications” shall mean the specifications set forth on Exhibit E hereto. “WARN Act” shall have the meaning given in Section 3.17(d). “Wet Oil” shall mean used oil included as part of a Company’s inventory which meets all of the Used Oil Specifications, except that the water content of such used oil is greater than 10% but less than 30%. “Working Capital Statement” shall have the meaning given in Section 2.3(b)(i). ARTICLE 2