Straddle Year definition

Straddle Year means a Taxable Year that includes the Calculation Date.
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Straddle Year has the meaning set forth in the definition of Pre-IPO Tax Assets.
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Straddle Year is defined in the definition of Pre-IPO and IPO-Related Assets.
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Examples of Straddle Year in a sentence

  • Without the prior written consent of a majority of the Members, with respect to any Pre-Closing Tax Period and any Straddle Year Tax Period, Buyer shall not (and Buyer shall ensure that the Acquired Companies shall not) amend, change, or modify any Tax Return of any Acquired Company, or file a claim for refund with respect to any Tax Returns of any Acquired Company.

  • Here are a few quick examples.(a) Z is a subring of Q, which is a subring of R, which in turn is a subring of C.(b) 2Z is a subring of Z.(c) The set Z(√2) = {a + b√2 | a, b e Z} is a subring of Q(√2).(d) The ring R is a subring of R[x] if we identify R with set of constant functions.(e) The set of polynomials with zero constant term in R[x] is a subring of R[x].(f) Z[x] is a subring of Q[x].(g) Zn is not a subring of Z as the operations are different.Problem 8.31.

  • Other commentators have noted that Congress’s failure “to amend § 503(b)(1)(B) to make clear that pre-petition Straddle Year taxes are ‘incurred by the estate’ leaves open the bizarre and unintended possibility that such taxes are neither pre-petition priority claims nor administrative period claims.” Jenks, 79 AM.

  • In relation to the Straddle Year, all Income Tax payable by or in respect of the Company for income, profits or gains derived, or transactions occurring, in that part of the Straddle Year which ends at Completion, has been duly paid or will be provided for in the Adjustment Statement.

  • For purposes of calculating the Realized Tax Benefit with respect to a Straddle Year, Taxes of such Straddle Year which arose prior to the Calculation Date (such taxes “Pre-Calculation Taxes”) shall not be reduced by the Pre-IPO Tax Attributes or any deduction attributable to Imputed Interest.

  • We are able to refer complex matters and seek barrister assistance for significant legal cases.

  • Straddle Year means a Tax Year commencing before but ending after Completion.

  • In relation to the Straddle Year, all Income Tax payable by or in respect of a Group Company and Group Trust for income, profits or gains derived, or transactions occurring, in that part of the Straddle Year which ends at Completion, has been duly paid or will be provided for in the Adjustment Statement.


More Definitions of Straddle Year

Straddle Year is defined in the definition of “Pre-IPO NOLs” in Section 1.01 of this Agreement.
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Straddle Year means any Taxable Year (of any member or members of the Pre-Closing Affiliated Group) that begins before the Closing Date and ends after the Closing Date.
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Straddle Year has the meaning set forth in Section 9.8(f) below.
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Straddle Year means any Project Year beginning on or before, and ending after, the Closing Date.
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Straddle Year has the meaning set forth in Section 6.1.
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Related to Straddle Year

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

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

  • 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.

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

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

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

  • 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.

  • Post-Distribution Tax Period means a Tax period 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.

  • Allocation Year Means (i) the period commencing on the Closing Date and ending on December 31, 2006, (ii) any subsequent period commencing on January 1 and ending on the following December 31, or (iii) any portion of the period described in clause (ii) for which the Company is required to allocate Profits, Losses and other items of Company income, gain, loss or deduction pursuant to Article V.

  • PRE-2017 NET OPERATING LOSS CARRYFORWARD means any net operating loss incurred in a taxable year beginning before January 1, 2017, to the extent such loss was permitted, by a resolution or ordinance of the Municipality that was adopted by the Municipality before January 1, 2016, to be carried forward and utilized to offset income or net profit generated in such Municipality in future taxable years.(B) For the purpose of calculating municipal taxable income, any pre-2017 net operating loss carryforward may be carried forward to any taxable year, including taxable years beginning in 2017 or thereafter, for the number of taxable years provided in the resolution or ordinance or until fully utilized, whichever is earlier.

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

  • Tax Item means any item of income, gain, loss, deduction, credit, recapture of credit or any other item which increases or decreases Taxes paid or payable.

  • Base Tax Year means the property tax levy year used

  • Production Year means the 12- month period between September 1 of one year and August 31 of the following year, inclusive.

  • Taxable Period means any taxable year or other period that is treated as a taxable year with respect to which any Tax may be imposed under any applicable statute, rule or regulation.

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

  • Consolidated Return means a Tax Return filed with respect to Federal Income Taxes for the Consolidated Group.

  • Current year means the financial year, which has already commenced, but not yet ended;

  • Adjustment Year has the meaning ascribed to said phrase under Section 6225(d)(2) of the Code.

  • Tax Liability means the total taxes due to a municipal corporation for the taxable year, after allowing any credit to which the taxpayer is entitled, and after applying any estimated tax payment, withholding payment, or credit from another taxable year.

  • Post-Closing Period means any taxable period or portion thereof beginning after the Closing Date. If a taxable period begins on or before the Closing Date and ends after the Closing Date, then the portion of the taxable period that begins on the day following the Closing Date shall constitute a Post-Closing Period.

  • transition year means the financial year of an issuer or business in which the issuer or business changes its financial year-end;

  • Tax Attribute means a net operating loss, net capital loss, unused investment credit, unused foreign Tax credit, excess charitable contribution, general business credit, research and development credit, earnings and profits, basis, or any other Tax Item that could reduce a Tax or create a Tax Benefit.

  • Unpaid estimated income tax means estimated income tax due but not paid by the date the tax is required to be paid under applicable law.

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