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

  • 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.

  • Such liabilities for any Straddle Year in jurisdictions using the unitary method shall be determined in accordance with Section 2.05(d).

  • Any of those Tax Returns filed for a Pre-Closing Taxable Year or Straddle Year must report the operations of that member in a manner consistent with its past practice.

  • To the extent that a Company's or Subsidiary's liability for such taxes for Taxable years ending on or before June 30, 1996 plus the portion of such taxes for the portion of the Straddle Year ending on June 30, 1996 is more than the reserve for such taxes included in the Most Recent Financial Statements, Shareholders shall pay to Purchaser such excess (together with the applicable amount of any interest and penalties payable to the applicable taxing jurisdiction with respect to such excess).

  • With respect to a Tax Claim relating to a Straddle Year, Parent and the Shareholder Parties shall jointly control all proceedings and neither party shall settle or otherwise compromise such Tax Claim without the other party's prior written consent.

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

  • 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.

  • Section 9.3(a)(iv) and (v) are hereby modified and amended by deleting from those sections the phrase "the Straddle Year" each time that such phrase appears and substituting the phrase "calendar year 1996" in each such case.

  • In all events, the Shareholders shall have no responsibility for payment and remittal of the Taxes due with the Final Separate Return Year Tax Returns and the Straddle Year Tax Returns, which, to the contrary, solely shall be the responsibility of Parent and the Company, which Parent hereby covenants to discharge or cause to be discharged on a timely basis.

  • Minimum Development obligation would be to provide office space for a staff of 400 with all amenities for use of KSRTC.


More Definitions of Straddle Year

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 is defined in the definition of “Pre-IPO NOLs” in Section 1.01 of this Agreement.
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Straddle Year has the meaning set forth in Section 8.2 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 taxable period beginning on or prior to 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 a Tax period that begins on or before the Closing Date and ends thereafter.

  • Pre-Closing Straddle Period means the portion of the 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 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.

  • 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.

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

  • Tax Item means, with respect to any Income Tax, any item of income, gain, loss, deduction, or credit.

  • Base Tax Year means the property tax levy year used

  • 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.

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

  • Consolidated Return means any Tax Return relating to Income Taxes filed pursuant to Section 1502 of the Code, or any comparable combined, consolidated, or unitary group Tax Return relating to Income Taxes filed under state or local tax law which, in each case, includes IDT and at least one subsidiary.

  • 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.

  • 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 or any other Tax Item that could reduce a Tax.

  • 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).

  • Hypothetical Tax Liability means, with respect to any Taxable Year, the Hypothetical Federal Tax Liability for such Taxable Year, plus the Hypothetical Other Tax Liability for such Taxable Year.

  • Tax Attributes means net operating losses, capital losses, tax credit carryovers, earnings and profits, foreign tax credit carryovers, overall foreign losses, previously taxed income, tax bases, separate limitation losses and any other losses, deductions, credits or other comparable items that could affect a Tax liability for a past or future taxable period.