The calculation of Accrued Clause Samples

The calculation of Accrued. Taxes shall (a) exclude any deferred Tax liabilities or deferred Tax assets, (b) consider any items of deduction or loss that arise by reason of or as a result of the transactions contemplated by this Agreement only to the extent such deductions are permitted to be reflected on a Tax Return for a Tax period ending on or prior to the Closing Date at a level of comfort of at least “more likely than not” and have the effect of reducing (not below zero) the current Tax liability to which such items are relevant and (c) treat any prepaid expenses, deferred revenue and adjustments under Section 481 of the Code as accelerated to the Closing Date.