Pre-Closing Date Tax Refund definition

Pre-Closing Date Tax Refund means any Tax Refund attributable to the Pre-Closing Date Period. For purposes of calculating Pre-Closing Date Tax Refunds attributable to a time period (e.g. a fiscal year (Wirtschaftsjahr) or a calendar year) starting before and ending after the Closing Date any such time period will be deemed to have ended on and including the Effective Time.

Examples of Pre-Closing Date Tax Refund in a sentence

  • Any amount payable to the Sellers pursuant to this sub-clause 12.4 shall be due and payable ten (10) Business Days after (i) the Pre-Closing Date Tax Refund has been actually refunded (including – but not limited to – by way of set-off or deduction) to the Buyers or one of the Target Companies, (ii) any Overprovision has been or must have been dissolved according to German GAAP or (iii) any amended Tax assessment giving rise to the Over-Indemnification has become final and binding.

  • The Sellers are entitled to appoint certified accounting firm at their own expense – to have the tax assessments regarding any Pre-Closing Date Tax Refund, Over-Accrual and Over-Indemnification reviewed and to report the results to the Sellers.

  • The calculation of any Tax receivables and Tax liabilities for the purposes of the Closing Date Accounts shall be made in line with the definitions in sub-clause 12.1 of "Pre-Closing Date Tax" and "Pre-Closing Date Tax Refund".

  • The Board of Ordained Ministry has four major committees: Call and Disciplined Life; Proclamation and Preaching; Bible Study; and Theology and Doctrine.

  • Any amount payable to the Sellers pursuant to this clause 10.3 shall be due and payable 10 (ten) Business Days after (i) the Pre-Closing Date Tax Refund has been actually refunded (including – but not limited to – by way of set-off or deduction) to the Purchasers or one of the Target Companies, (ii) any Overprovision has been or must have been dissolved according to German GAAP or (iii) any amended Tax assessment giving rise to the Over-Indemnification has become final and binding.

  • The Purchasers shall, and shall procure that the Target Companies shall, no later than 5 (five) Business Days notify the Sellers in writing (for the avoidance of doubt including by e-mail) about any Pre-Closing Date Tax Refund, Overaccrual and Over-Indemnification.

  • The Sellers are entitled to appoint certified accounting firm at their own expense – to have the tax assessments regarding any Pre-Closing Date Tax Refund, Overaccrual and Over-Indemnification reviewed and to report the results to the Sellers.

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