Definition of Post-Closing Straddle Period


Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.
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Examples of Post-Closing Straddle Period in a sentence

The portion of Tax attributable to a Post-Closing Straddle Period will be calculated in a corresponding manner.
To the extent that any Tax for a Straddle Period is based on the greater of a Tax on net income, on the one hand, and a Tax measured by net worth or some other basis not otherwise measured by income, on the other hand, the portion of such Tax related to the Pre-Closing Straddle Period and the Post-Closing Straddle Period will be determined based on the foregoing and based on the manner in which the actual Tax liability for the entire Straddle Period is determined.
The portion of Tax attributable to a Post-Closing Straddle Period shall be calculated in a corresponding manner.
The portion of Taxes attributable to a Post-Closing Straddle Period shall be calculated in a corresponding manner.
Taxes for a Straddle Period with respect to the parties shall be apportioned for purposes of Article VIII between the Pre-Closing Straddle Period and the Post-Closing Straddle Period on the basis of an interim closing of the books, except that Taxes imposed on a periodic basis (such as real property Taxes) shall be allocated on a daily basis.