Locked Box Period means the period from (but excluding) the Locked-Box Date until (and including) the Closing Date (but immediately prior to Closing);
Locked Box Period has the meaning set forth in Section 2.7(b).
Examples of Locked Box Period in a sentence
Each Seller represents that (i) as of the date hereof, with respect to the portion of the Locked-Box Period prior to the date hereof or (ii) as of the Completion Date, with respect to the entire Locked-Box Period, there has been no Leakage with respect to such Seller, such Seller’s Connected Persons and their Affiliates, other than Permitted Leakage.
More Definitions of Locked Box Period
Locked Box Period means the period from (and including) 1 April 2022 to (and including) the Completion Date.
Locked Box Period means the period from (but excluding) the Locked Box Date to (and including) the Completion Date.
Locked Box Period means the period starting at 00:01 hours (EET) on 1 October 2017 and ending upon the Closing.
Locked Box Period means the period from and including the Locked Box Date up to immediately prior to Completion;
Locked Box Period means the period from (and including) the Reference Date until (and including) the Completion Date;
Locked Box Period means a taxable period that includes but does not end on the Closing Date. The parties agree to use the following conventions for determining the amount of taxes attributable to the portion of the Locked-Box Period ending on the Closing Date: (i) in the case of Taxes such as real and personal ad valorem taxes and other similar Taxes that are imposed on a periodic basis, be deemed to be the amount of such Taxes for the entire Locked-Box Period multiplied by the fraction the numerator of which is the number of days in the portion of the Locked-Box Period ending on and including the Closing Date (at the end of such date), and the denominator of which is the number of days in the entire Locked-Box Period; (ii) in the case of all other Taxes (including income Taxes, employment Taxes, and sales and use Taxes), be deemed to be the amount of Taxes which would be payable if the relevant period ended on and including the Closing Date (at the end of such date) using a “closing of the books methodology;” and (iii) in the case of Taxes in the form of interest or penalties, such Taxes shall be treated as allocable to the portion of the Locked-Box Period to which the underlying Tax is allocated as determined in this paragraph, whether such items are incurred, accrued, assessed or similarly charged on, before or after the Closing Date.