Common use of Straddle Periods and Post-Closing Periods Clause in Contracts

Straddle Periods and Post-Closing Periods. The Operating Partnership shall prepare and timely file all Tax Returns of the Contributed Entities for all taxable periods other than the Pre-Closing Tax Periods, and the Operating Partnership shall remit or cause to be remitted any Taxes due in respect of such taxable periods. At least 45 days prior to the deadline for the filing of any Tax Return for a Straddle Period (and before the Operating Partnership files such Tax Return), the Operating Partnership shall furnish to Contributor a draft of such Tax Return and Contributor shall have the right to review, provide written comments on, and approve the portion of such draft Tax Return that relates to Taxes allocable to the portion of the Straddle Period for which Contributor is responsible.

Appears in 5 contracts

Samples: Contribution Agreement (Postal Realty Trust, Inc.), Contribution Agreement (Postal Realty Trust, Inc.), Contribution Agreement (Postal Realty Trust, Inc.)

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