Examples of Stub Period in a sentence
All Stub Period Returns will be prepared in a manner consistent with the past custom and practice of the Acquired Entities, except as otherwise required by Law, including a change in Laws.
At least 30 days prior to the date on which each income Tax Stub Period Return is due, Buyer will submit each Stub Period Return of any Acquired Entity that is a partnership to the Sellers to provide Sellers with an opportunity to comment on such Stub Period Return, and Buyer will in good faith consider all reasonable comments provided by the Sellers with respect to any such Stub Period Return if such comments are received within 20 days after receipt by the Sellers of such draft Tax Return.
The Sellers will timely pay, or cause to be timely paid, any amount shown as due on any Stub Period Return, except to the extent such amount was accounted for, labelled as taxes, in calculating the Final Purchase Price.
Notwithstanding the foregoing, the Sellers shall be permitted to utilize and shall have the right to direct Buyer to utilize any Pre-Closing NCL Attributes in accordance with Section 10.02(c) in the 2023 Income Tax Returns and in the Stub Period Returns; the Sellers shall not be permitted to utilize or have the right to direct Buyer to utilize any other Pre- Closing Tax Attributes of any Acquired Entity in the Stub Period Returns.
To the extent any Pre-Closing NCL Attributes are utilized by or at the direction of a Seller (i) between the date hereof and the Closing Date or (ii) in the filing of a Stub Period Return or a 2023 Income Tax Return pursuant to Section 10.02(a), then such utilized Pre-Closing NCL Attributes shall be considered to reduce Seller-Owned NCL Attributes and not Buyer-Owned NCL Attributes.