Accounting Method Change definition

Accounting Method Change means the Company’s application to change its method of determining the cost of vacation ownership interests and cost of sales expense for U.S. federal income tax reporting purposes, which the Company submitted to the IRS on IRS Form 3115 dated as of December 30, 2020.
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Examples of Accounting Method Change in a sentence

  • The Estimated Accounting Method Change Tax Liability of the Company shall be set forth and included in the calculation of Closing Working Capital in the Statement delivered by Parent pursuant to Section 3.1(c)(i), subject to determination in accordance with the procedures of Sections 3.1(c)(ii) and 3.1(c)(iii).

  • For the avoidance of doubt, the provisions of this Section 6.19(j) shall in no way limit Parent’s rights pursuant to Section 6.19(i) related to the Accounting Method Change.

  • Notwithstanding the forgoing, the control of the Accounting Method Change shall be governed by Section 6.19(i).

  • Following the Closing, Parent shall be entitled to control the Accounting Method Change and none of the Sellers shall have any rights with respect thereto.

  • State of Incorporation or Location; Change in Accounting Method; Change of Fiscal Year.