Definition of Post-Distribution Tax Period


Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.
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Examples of Post-Distribution Tax Period in a sentence

In the event any net operating loss, capital loss or credit of either party for any Post-Distribution Tax Period is eligible to be carried back to a Pre-Distribution Tax Period for which a consolidated or combined 12 12 Income Tax Return was filed (any such amount, an "Eligible Amount"), such party may, to the extent permitted under applicable Tax law, elect not to carry back such Eligible Amount.
Each of the Parties shall be permitted (but not required) to carryback (or to cause its Affiliates to carryback) a Tax Attribute realized in a Post-Distribution Tax Period or a Straddle Tax Period to a Pre-Distribution Tax Period or a Straddle Tax Period only if such carryback cannot result in one or more other Parties (or their Affiliates) being liable for additional Taxes.
Each of the Parties shall be permitted (but not required) to carryback (or to cause its Subsidiaries to carryback) a Tax Attribute realized in a Post-Distribution Tax Period or a Straddle Tax Period to a Pre-Distribution Tax Period or a Straddle Tax Period only if such carryback cannot reasonably result in the other Party (or its Subsidiaries) being liable for additional Taxes.
For purposes of preparing any Income Tax Returns for the year of the Distributions that require an allocation of Tax items between a Pre-Distribution Tax Period and a Post-Distribution Tax Period, Tax items shall be allocated based on a closing of the books method under Treasury Regulation 1.1502-76 (and any similar rule under U.S. state, local or non-U.S. Law) as determined by HLT on any HLT Combined Income Tax Return, unless the Parties unanimously agree otherwise.
Belo or its Affiliate from any Post-Distribution Tax Period to any Pre-Distribution Tax Period.