Definition of Pre-Closing Date Tax Period


Pre-Closing Date Tax Period means any Tax period ending on or before the Closing Date, and with respect to a Straddle Period, any portion thereof ending on the Closing Date.
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Examples of Pre-Closing Date Tax Period in a sentence

The Buyer or the Companies shall prepare and file (or cause to be prepared and filed) all Other Tax Returns for any Overlap Tax Period (it being understood that such obligation does not apply to state income Tax Returns for the Pre-Closing Date Tax Period, as provided in paragraph (ii) of this Section 5(k)) and shall pay, or cause to be paid, when due any Other Taxes shown as due on any such Other Tax Returns.
The Seller shall pay (or cause to be paid), when due, all Federal Income Taxes of the Seller, the Companies and the Other Affiliates payable in respect of (I) Pre-Effective Date Tax Periods and (II) without limiting the terms of Section 5(t), the Pre-Closing Date Tax Period.
The Seller shall be entitled at any time to conduct, control and settle ("AUDIT CONTROL") any Tax Contest, with respect to Pre-Effective Date Tax Periods or the Pre-Closing Date Tax Period and the Buyer shall cause the relevant Company to execute any powers of attorney necessary in order to allow the Seller to exercise Audit Control and to cooperate fully in the conduct of the Tax Contest.
JetPay or the Company shall provide the Sellers with copies of all correspondence and other documents received from such Governmental Authority in connection with any such Tax Contest of the Company for any Pre-Closing Date Tax Period.
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.