Definition of Closing Date Straddle Period


Closing Date Straddle Period means any Tax Period beginning before the Closing Date and ending after the Closing Date.
Sample 1

Examples of Closing Date Straddle Period in a sentence

Buyer shall prepare or cause to be prepared and file or cause to be filed any Tax Returns of the Company for Tax periods that begin before the Closing Date and end after the Closing Date (Straddle Period).
Purchaser shall prepare or cause to be prepared and file or cause to be filed any Tax Returns of the Company for Tax periods that begin before the Closing Date and end after the Closing Date (Straddle Period).
PRGI shall have the right and obligation to prepare and file timely, or cause to be prepared and filed timely, when due, all Tax Returns that are required to include the operations, ownership, assets or activities of Seller for any Tax periods ending on or after the Closing Date including any state or local Tax periods beginning before and ending after the Closing Date ("Straddle Period").
Parent and the Sellers are responsible for paying, or causing to be paid, their respective shares of all Taxes with respect to the Company for all periods commencing prior to the Closing Date and ending after the Closing Date ("Straddle Period Taxes").
From and after the Closing, Seller and Buyer will cooperate with each other in connection with the preparation and filing of all Tax Returns required to be filed by the Companies and Seller with respect to taxable periods ending on or before the Closing Date, and for periods beginning before and ending after the Closing Date (Straddle Period), and in the conduct of any audit, examination of other proceeding with respect to Taxes (Tax Proceedings).