Definition of Post-Effective Time Tax Period


Post-Effective Time Tax Period means any taxable period beginning on the Effective Time Date and the portion of any Straddle Period beginning after the Effective Time Date.

Examples of Post-Effective Time Tax Period in a sentence

The Company shall be entitled to any refund of Taxes paid with respect to a Post-Effective Time Tax Period.
The Companys participation in any Tax sharing agreement with Seller or any other Person shall be terminated as of the Closing Date and shall have no further effect with respect to any Pre-Effective Time Tax Period or Post-Effective Time Tax Period.
Seller shall be responsible for property Taxes levied with respect to the Assets attributable to the Pre-Effective Time Tax Period and the Company shall be responsible for property Taxes levied with respect to the Assets attributable to the Post-Effective Time Tax Period.
Buyer shall be entitled to any refund of Taxes paid with respect to a Post-Effective Time Tax Period.
Contributee shall be entitled to any refund of Taxes that were paid or incurred with respect to a Post-Effective Time Tax Period.