Common use of Certain Elections Clause in Contracts

Certain Elections. (a) At Seller's request, Purchaser shall cause any of the Transfer Group Companies to make and/or join with Seller in making any election after the Closing Date; provided that the making of such election does not have an adverse impact on Purchaser (or the Transfer Group Companies) for any Tax period ending after the Closing Date. (b) Purchaser shall not permit the Transfer Group Companies to carry back any loss, deduction or credit to any taxable period that ends on, prior to or which includes the Closing Date.

Appears in 2 contracts

Sources: Stock Purchase Agreement (Enron Corp/Or/), Stock Purchase Agreement (Enron Corp/Or/)

Certain Elections. (a) At Seller's After the Closing Date, at Sellers' request, Purchaser shall cause any of the Transfer Group Companies to make and/or join with Seller Sellers in making any election after the Closing Date; provided provided, that the making of such election does not have an adverse impact on Purchaser (or any of the Transfer Group Companies) for any post-acquisition Tax period ending after the Closing Dateperiod. (b) To the extent permitted by Law, Purchaser shall not permit the Transfer Group Companies to carry back any loss, deduction or credit to any taxable period that ends on, prior to or which includes the Closing Date.

Appears in 1 contract

Sources: Purchase Agreement (Southern Union Co)