Tax Closing Date definition
Examples of Tax Closing Date in a sentence
Newco will use its reasonable efforts to cause appropriate employees of the Business to prepare usual and customary Tax return packages (in the form provided to the Business Units for the 1996 calendar year) with respect to (1) the taxable period ended December 31, 1996, in the event that such packages have not been prepared prior to Closing and (2) the tax period beginning January 1, 1997 and ending as of the Tax Closing Date.
For purposes of the Transaction Agreement, income, deductions, and other items will be allocated between the Pre-Closing Tax Period and the Post-Closing Tax Period based on an actual closing of the books of the Business on the Tax Closing Date.
Newco will use reasonable efforts to cause the Tax return packages for the period beginning on January 1, 1997 and ending as of the Tax Closing Date to be delivered to Lockheed ▇▇▇▇▇▇ no later than the last day of the third calendar month succeeding the month in which the Closing occurs.
The Agent, at the Surviving Company’s cost and expense, shall cause to be prepared on behalf of Company the IRS Form 1120S (and any comparable state and local S corporation income Tax Returns (collectively “S Corporation Returns”) for the taxable year ended on the Tax Closing Date.
Purchaser shall permit Sellers’ Representative to review and comment on each such Tax Return that relates to periods beginning prior to, or that include, the Tax Closing Date at least twenty (20) days prior to the due date for filing such Tax Return and shall make such revisions to each such Tax Return as are reasonably requested by Sellers.
Company has no liability for Taxes under Code Section 1363(d) that are payable after the Tax Closing Date.
If Purchaser could reasonably be expected to be adversely affected by such Tax Returns with respect to any Tax period or the portion of any Straddle Period beginning after the Tax Closing Date, Sellers shall provide Purchaser a copy of each such Tax Return at least thirty (30) days prior to the applicable due date of such Tax Return and shall make such changes as reasonably requested by Purchaser.
Is a concession can, or her ▇▇▇▇▇▇▇ money is closed, or otherwise flawless transaction! Real Estate Transaction Tax Closing Date Tucson Phoenix AZ.
The Sellers’ Representative, at Sellers’ cost and expense, shall cause to be prepared on behalf of Company the IRS Form 1120S (and any comparable state and local S corporation Income Tax Returns (collectively “S Corporation Returns”) for the taxable year ended on the Tax Closing Date.
Sellers shall cause all Tax sharing agreements or similar agreements with respect to or involving Company, IAA, or IAJ to be terminated as of the Tax Closing Date and Sellers shall cause Company, IAA, and IAJ to not be bound thereby or have any liability thereunder after the Tax Closing Date.