Definition of Post-Closing Taxable Year


Post-Closing Taxable Year means a Taxable Year that begins after the Closing Date.

Examples of Post-Closing Taxable Year in a sentence

For each Post-Closing Taxable Year until the Taxable Year that includes the Final Determination of the Characterization Issue, Newco Group shall file a protective claim for refund, claiming a deduction in each of its Tax Returns, based on the allowance of the full amount of any Principal Subsidiary Loss Carryover which could become available as a result of such Final Determination, taking into account the limitation imposed by ss.
The Tax Benefit Amount of the Newco Group (or any member thereof) in any Post-Closing Taxable Year shall be equal to the excess of (i) the Tax liability of the Newco Group (or member, if applicable) for such Taxable Year, computed without regard to any such Principal Subsidiary Loss Carryover which became available as a result of the Final Determination of the Characterization Issue, over (ii) the actual Tax liability of the Newco Group (or member, if applicable) for such Taxable Year.
If the Newco Group (or any member thereof) realizes a Tax Benefit in any Post-Closing Taxable Year from the utilization of a Principal Subsidiary Loss Carryover which became available as a result of the Final 2 3 Determination of the Characterization Issue, then Newco shall pay (or cause to be paid) to Mutual an amount equal to the Tax Benefit so realized.
Hi/fn shall notify the Company promptly of the existence of any items of deduction, loss or credit arising in a Post-Closing Taxable Year that are required to be carried back to a Taxable Period of the Stac Pre-Spin-Off Group or any Stac Pre-Spin-off Member (other than to a separate Tax Return of a member of the Hi/fn Group).
Within ninety (90) days after the filing of the U.S. federal income tax return of the Tax Group for the first Post-Closing Taxable Year, PubCo shall provide to the Stockholders' Representative a schedule showing, in reasonable detail, its calculation of the Company Pre-Closing Tax Attributes and Excess AMT Credits (the "Tax Attributes Schedule").