Straddle Tax Period definition

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

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

Straddle Tax Period shall have the meaning set forth in Section 7.1 hereof.

Examples of Straddle Tax Period in a sentence

• The amount of any item that is taken into account only once for each taxable period (e.g., the benefit of graduated Tax rates, exemption amounts, etc.) shall be allocated between the two portions of the Straddle Tax Period in proportion to the number of days in each portion.

• Parent shall have the right to control the conduct of all other Tax Proceedings; provided that in the event that any Tax Proceeding relates to a Straddle Tax Period, Parent shall (1) permit the Equityholders’ Representative to participate in the resolution of such Tax Proceeding and (2) not settle or otherwise compromise such Tax Proceeding without the prior written consent of the Equityholders’ Representative, which consent shall not be unreasonably withheld, conditioned or delayed.

More Definitions of Straddle Tax Period

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

Straddle Tax Period means any taxable period that includes, but does not end on, the Closing Date.

Straddle Tax Period means any taxable period that begins before the Closing Date and ends after the Closing Date.

Straddle Tax Period means any complete Tax period that includes but does not end on the Closing Date.

Straddle Tax Period means any Tax period that includes (but does not end on) the Closing Date.

Straddle Tax Period means any Tax Period that begins on or before and ends after the Closing Date.

Straddle Tax Period the meaning set forth in Section 5.7(b)(iii).