Straddle Taxable Period definition

Straddle Taxable Period has the meaning set forth in Section 6.14(a).
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Straddle Taxable Period means any Taxable period beginning before the Closing Date and ending on or after the Closing Date.
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Straddle Taxable Period has the meaning given to it in Section 9.2(a).
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Examples of Straddle Taxable Period in a sentence

  • In determining whether a Property Tax is attributable to a Pre-Closing Taxable Period or a Straddle Taxable Period, any Property Tax that is based on the assessed value of any assets, property or other rights as of any lien date or other specified valuation date shall be deemed a Property Tax attributable to the taxable period (whether a fiscal year or other tax year) specified on the relevant Property Tax xxxx that is issued with respect to that lien date or other valuation date.

  • The amount of any other Taxes for a Straddle Taxable Period that relates to the Tax period (or the portion thereof) ending on or before the Closing Date will be determined based on an interim closing of the books as of the end of the day on the Closing Date, provided, however, that any item determined on an annual or periodic basis (such as a deduction for depreciation or real estate Taxes) shall be apportioned on a daily basis.

  • In the case of a Straddle Taxable Period Tax Return, Sellers shall pay to Buyer the Sellers’ share of any Taxes due with respect to such Tax Return not later than seven days prior to the due date for filing such Tax Return.

  • Buyer shall prepare and file all Tax Returns of the Company for any Tax period ending after the Closing Date; provided, however, that not later than 30 days prior to the due date for filing of a Straddle Taxable Period Tax Return Buyer shall provide Sellers with a copy of drafts of such Tax Return and shall consider in good faith any comments from the Sellers on the portions of such Tax Return that relate to the Pre-Closing Taxable Period.

  • Buyer shall, and shall cause the Project Company to, use commercially reasonable efforts to obtain a refund or credit of any Tax of the Project Company attributable to a Pre-Closing Taxable Period or that portion of a Straddle Taxable Period ending on the Closing Date or to mitigate, reduce or eliminate any such Tax that could be imposed for a Pre-Closing Taxable Period or that portion of a Straddle Taxable Period ending on the Closing Date (including with respect to the transactions contemplated hereby).

  • In determining whether a Property Tax is attributable to a Pre-Contribution Taxable Period or a Straddle Taxable Period, any Property Tax that is based on the assessed value of any assets, property or other rights as of any lien date or other specified valuation date shall be deemed a Property Tax attributable to the taxable period (whether a fiscal year or other tax year) specified on the relevant Property Tax xxxx that is issued with respect to that lien date or other valuation date.

  • Tax Liability for a Straddle Taxable Period shall be apportioned between the portion of the taxable period ending on the Closing Date and the portion of the taxable period beginning after the Closing Date.

  • With respect to a Straddle Taxable Period, Assignor and Assignee shall determine the Tax attributable to the portion of the Straddle Taxable Period that ends on the Contribution Date by an interim closing of the books of any applicable Contributed Company as of the Contribution Date, except for ad valorem or property Taxes (“Property Taxes”) and franchise Taxes of any applicable Contributed Company based solely on capital which shall be prorated on a daily basis to the Contribution Date.

  • Except as otherwise provided in Section 7.6 and Section 8.4(a), upon a Final Determination resulting in an Income Tax Adjustment to (i) a Current Tax Group Federal Consolidated Return, (ii) an NGC Non-Federal Tax Return, or (iii) a New NGC Non-Federal Tax Return, in each case for a Pre-Distribution Taxable Period or a Straddle Taxable Period, HII shall pay to New NGC the amount set forth in Section 6.1(b) (subject to the limitations in Section 6.1(d) and Section 6.3).

  • Neither the Sellers nor the Buyer shall settle any such Tax Action relating to a Straddle Taxable Period without the prior written consent of the others, such consent not to be unreasonably delayed, conditioned or withheld.


More Definitions of Straddle Taxable Period

Straddle Taxable Period means any Tax period that includes (but does not end on) the Closing Date.
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Straddle Taxable Period means a taxable period beginning on or before any Closing Date and ending after such Closing Date.
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Straddle Taxable Period means any Tax period beginning on or before, and ending after the Effective Date. “Target Working Capital” means $1,500,000.
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Straddle Taxable Period shall have the meaning set forth in Section 8.3 of this Agreement.
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Straddle Taxable Period means a taxable period that begins before the Deconsolidation Date and ends after the Deconsolidation Date.
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Straddle Taxable Period means a taxable period that begins on or before the Closing Date and ends after the Closing Date. In the case of Taxes arising in a Straddle Taxable Period, except as provided in the next sentence, the allocation of such Taxes between the Pre-Closing Period and the Post-Closing Period shall be made on the basis of an interim closing of the books as of the end of the Closing Date. In the case of any Taxes based on capitalization, debt or shares of stock authorized, issued or outstanding, or any real property, personal property or similar ad valorem Taxes that are payable for a Straddle Taxable Period, the portion of such Tax that relates to the Pre-Closing Period shall be deemed to be the amount of such Tax for the entire Straddle Taxable Period multiplied by a fraction, the numerator of which is the number of days in the Pre-Closing Period and the denominator of which is the number of days in the entire Straddle Taxable Period. In the event the Taxes described in the preceding sentence are attributable to any property that is revalued or re-assessed (or for which any exemption is forfeited) on or after the Closing Date on account of Buyer’s purchase of 100% of the Membership Interests as contemplated herein, the portion of such Tax allocated to the Pre-Closing Period pursuant to the preceding sentence shall be made without taking into account such revaluation or reassessment. Furthermore, if any Taxes described in the second sentence preceding this sentence are attributable to property that was owned by the Project Company solely in the Pre-Closing Period, such Taxes shall be allocated entirely to the Pre-Closing Period, and if any Taxes described in the second sentence preceding this sentence are attributable to property that was owned by the Project Company solely in the Post-Closing Period, such Taxes shall be allocated entirely to the Post-Closing Period.
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Related to Straddle Taxable Period

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

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

  • 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.

  • 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.

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

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

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

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Taxable Date means the date on which interest on the Note is first includable in gross income of the Lender thereof as a result of an Event of Taxability as such date is established pursuant to a Determination of Taxability.

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

  • Taxable means either:

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

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

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

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Tax Distribution Date has the meaning set forth in Section 4.01(b)(i).

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • Closing Period means the period between the close of business on the date of this Agreement and the Closing.

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Employee Taxes means all taxes, assessments, charges and other amounts whatsoever payable in respect of, and measured by the wages of, the Vendor’s employees (or subcontractors), as required by the Federal Social Security Act and all amendments thereto and/or any other applicable federal, state or local law.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • MUNICIPAL TAXABLE INCOME means the following:

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

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • 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.