Stub Tax Period definition

Stub Tax Period means a short Tax period beginning immediately following the Distribution Date.
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Stub Tax Period means the period (including all prior Taxable years) ending on the Closing Date, and (b) “Straddle Tax Period” means a taxable period that begins before and ends after the Closing Date.
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Stub Tax Period means the Tax period (or any portion thereof) commencing on January 1, 2000 and ending on the Closing Date.
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Examples of Stub Tax Period in a sentence

  • Azur shall prepare and file in a timely manner, all Tax Returns to be filed for the Stub Tax Period and a Straddle Tax Period required to be filed on or after the Closing Date with respect to any Tax.

  • The Party or its Affiliate responsible under applicable Law for filing a Post-Distribution Income Tax Return (other than a Tax Return for a Stub Tax Period), a Non-U.S. Income Tax Return (other than an ITT Non-U.S. Income Tax Return), or a Non-Income Tax Return (in each case required to be filed after the Distribution Date) shall prepare and file or cause to be prepared and filed that Tax Return (at that Party’s own cost and expense).

  • Seller or its duly authorized agents shall prepare and file all Returns in respect of Taxes for periods ending prior to or on the Closing Date, including, without limitation, the Stub Tax Period.

  • For the 1999 Tax year and the Stub Tax Period, Parent and Seller shall provide Buyer such information set forth in (i) through (iii) of this Section 5.9(b) with respect to each Acquired Company no later than 30 days' prior to the time the relevant Returns and computations are required to be filed for such year and such information shall be in form and substance reasonably satisfactory to Buyer and the Acquired Companies.

  • For the 1999 Tax year and the Stub Tax Period, Parent and Seller shall provide Buyer such information set forth in (i) through (iii) of this Section 5.9(c) with respect to each Acquired Company no later than 30 days' prior to the time the relevant Returns and computations are required to be filed for such year.

  • No later than 45 calendar days before the Return Due Date for each Combined State Tax return, Spinco shall deliver to Aetna a Tax Package of the Health Group relating to a Combined State Tax for (i) such taxable year, if such taxable year ends prior to the Distribution Date, or (ii) the Pre-Distribution Stub Tax Period, if such taxable year includes the Distribution Date (the delivery date constituting a "COMBINED STATE TAX PACKAGE DELIVERY DATe").

  • Any refunds of Taxes of the Company or any of its Subsidiaries for any Straddle Tax Period and any refunds of Taxes for any Stub Tax Period shall be equitably apportioned between Seller and Buyer, such that any such refund of Excluded Taxes is apportioned to Seller and any other such refund is apportioned to Buyer, in accordance with the principles set forth in Section 9.8(b) and (c).

  • MCE agrees to reimburse the Shareholders for taxes in an amount equal to twenty-four percent (24%) of the taxable income for the period of March 1, 1998 through the Effective Time (the "March Stub Tax Period").

  • Buyer and its Affiliates (including the Company and its Subsidiaries) shall not, without the prior written consent of Seller (such consent not to be unreasonably withheld), agree to the waiver or any extension of any statute of limitations relating to any Taxes of the Company or any of its Subsidiaries for any Stub Tax Period or Straddle Tax Period.

  • Parent, Acquisition Company and the Company shall prepare and file in a timely manner all Tax Returns required to be filed by the Company and its Subsidiary for the Stub Tax Period on or after the Closing Date.


More Definitions of Stub Tax Period

Stub Tax Period means the period (including all prior taxable years) ending on and including the Closing Date. For income Tax purposes, and for any taxable year of the Company and its Subsidiaries that does not end on, and would otherwise extend beyond, the Closing Date, there shall be a deemed short taxable year ending on and including such date and a second deemed short taxable year beginning on and including the day after such date. For purposes of allocating gross income and deductions between deemed short taxable years, the books of the Company and its Subsidiaries shall be closed as of the close of business of the Closing Date, and all amounts of income, gain, loss and deduction shall be reflected in the period in which such items accrued under the Company’s and its Subsidiaries’ normal Tax accounting methods; provided, that any transaction entered into by the Company or its Subsidiaries on the Closing Date, but after the Closing, not in the ordinary course of business shall be treated as occurring after the close of business on the Closing Date.
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Stub Tax Period shall have the meaning set forth in Section 6.15.
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Stub Tax Period means the portion of the Straddle Period (including all prior taxable years) ending on and including the Closing Date. For any taxable year of the Company and its Subsidiary that does not end on, and would otherwise extend beyond, the Closing Date (a “Straddle Period”) there shall be a deemed short taxable year ending on and including such date and a second deemed short taxable year beginning on and including the day after such date. For purposes of allocating gross income and deductions between deemed short taxable years (a) in the case of property Taxes and other similar Taxes imposed on a periodic basis, the amount attributable to the Stub Tax Period shall equal the amount of such Taxes for the entire Straddle Period multiplied by a fraction, the numerator of which is the number of calendar days in the applicable Stub Period and the denominator of which is the number of calendar days in the entire Straddle Period; and (b) in the case of all other Taxes (including income Taxes, sales Taxes, employment Taxes, withholding Taxes), the amount attributable to the Stub Tax Period shall be determined as if the Company or its Subsidiary filed a separate Tax Return with respect to such Taxes for the Stub Period using a “closing of the books methodology.” For purposes of clause (b), any item determined on an annual or periodic basis (including amortization and depreciation deductions) shall be allocated to the Stub Tax Period based on the relative number of days in such portion of the Straddle Period as compared to the number of days in the entire Straddle Period. Notwithstanding the foregoing, any transaction entered into by the Company or its Subsidiary on the Closing Date but after the Closing, at the direction of Parent and not in the Ordinary Course of the Company’s Business (other than transactions contemplated hereby), shall be treated as occurring after the close of business on the Closing Date.
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Stub Tax Period means any Taxable period of a Sold Subsidiary that begins on or after January 1, 2006, and ends on the Closing Date.
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Stub Tax Period means, with respect to the Company or any of its Subsidiaries, any taxable period (or portion thereof) that includes, but does not end on, the date hereof.
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Related to Stub Tax Period

  • 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.

  • 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.

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

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

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

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

  • Pre-Closing Tax Period means any Tax period ending on or before the Closing Date and that portion of any Straddle Period ending on the Closing Date.

  • Income Tax Expense means, with respect to the Borrowers, for any period, the aggregate, without duplication, of all Taxes on the income of such Person for such period, whether current or deferred, determined on a Modified Consolidated Basis.

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

  • Pre-Tax Income means income, as determined by GAAP, prior to deduction of the Bonus Pool (as hereinafter defined) and income taxes, and if applicable, after the deduction of any bonus pool of a future officer bonus plan adopted by the Company relating to an applicable Award Year and adjustments approved by the Board as described herein.

  • Non-U.S. Tax Person A person other than a U.S. Tax Person.

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

  • Base Tax Year means the property tax levy year used

  • 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.

  • 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.

  • Income Tax Return means any Tax Return relating to Income Taxes.

  • Assumed Tax Liability means, with respect to any Member, an amount equal to the excess of (i) the product of (A) the Distribution Tax Rate multiplied by (B) the estimated or actual cumulative taxable income or gain of the Company, as determined for federal income tax purposes, allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, less prior losses of the Company allocated to such Member (or its predecessor) for full or partial Fiscal Years commencing on or after January 1, 2021, in each case, as determined by the Manager and to the extent such prior losses are available to reduce such income over (ii) the cumulative Tax Distributions made to such Member after the closing date of the IPO pursuant to Sections 4.01(b)(i), 4.01(b)(ii) and 4.01(b)(iii) and, if applicable with respect to such Fiscal Year, pursuant to Section 4.1(a) of the Previous LLC Agreement; provided that, in the case of the Corporation, such Assumed Tax Liability (x) shall be computed without regard to any increases to the tax basis of the Company’s property pursuant to Sections 734(b) or 743(b) of the Code and (y) to the extent permitted under the Credit Agreements and applicable Law, shall in no event be less than an amount that will enable the Corporation to meet both its tax obligations and its obligations pursuant to the Tax Receivable Agreement for the relevant Taxable Year; provided further that, in the case of each Member, and for the avoidance of doubt, such Assumed Tax Liability shall take into account any Code Section 704(c) allocations (including “reverse” 704(c) allocations) to the Member.

  • 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.

  • council tax benefit means council tax benefit under Part 7 of the SSCBA; “couple” has the meaning given by paragraph 4;

  • Pre-Closing Tax Periods means any and all Tax periods that end on or before the Closing Date and the portion of any Straddle Period ending at the end of day on which the Closing occurs.

  • Income Taxes means any Tax which is based upon, measured by, or calculated with respect to (i) net income or profits (including, but not limited to, any capital gains, gross receipts, value added or minimum Tax) or (ii) multiple bases (including, but not limited to, corporate franchise, doing business or occupation Taxes) if one or more of the bases upon which such Tax may be based, by which it may be measured, or with respect to which it may be calculated is described in clause (i) of this sentence.

  • Seller’s Taxes shall have the meaning set forth in Section 5.4(a) hereof.

  • Actual Tax Liability means, with respect to any Taxable Year, the liability for Covered Taxes of the Corporation (a) appearing on Tax Returns of the Corporation for such Taxable Year and (b) if applicable, determined in accordance with a Determination (including interest imposed in respect thereof under applicable law).

  • Non-Income Tax Return means any Tax Return relating to Taxes other than Income Taxes.