Definition of Post-Closing Date Tax Period


Post-Closing Date Tax Period means (a) all Tax periods beginning after the Closing Date and (b) with respect to any Straddle Period, the portion of such period beginning after the Closing Date.

Examples of Post-Closing Date Tax Period in a sentence

Any Tax refund (including any interest paid with respect thereto) relating to Taxes for any Post-Closing Date Tax Period shall be the property of Buyer, the Company, or its Subsidiaries, and if received by the Seller, shall be paid over promptly to the Buyer, the Company, or its Subsidiaries.
All Property Taxes levied with respect to any of the Acquired Assets for any Straddle Period shall be apportioned between the Seller and the Purchaser based upon the number of days of such period included in the Pre-Closing Date Tax Period and the number of days of such Tax period included in the Post-Closing Date Tax Period.