Definition of Pre-Closing Period Income Tax Return


Pre-Closing Period Income Tax Return means any income Tax Return relating to a Pre-Closing Period to the extent such Tax Return relates to Tax imposed upon the shareholder, member or partner of the entity filing such Tax Return (as opposed to Tax liability imposed upon the filing entity).

Examples of Pre-Closing Period Income Tax Return in a sentence

Seller shall deliver or cause to be delivered drafts of all such Pre-Closing Period Income Tax Returns to Buyer for its review at least thirty (30) days prior to the due date and the date of filing of any such Pre-Closing Period Income Tax Return.
In the event that such Pre-Closing Period Income Tax Return reflects any refund, the provisions of Section 9.10(h) (Refunds) shall control.
If the Buyer disputes any item on a Pre-Closing Period Income Tax Return of the Sold Companies or Sold Subsidiaries, it shall notify the Company (by written notice within ten (10) days of receipt of such draft of such Pre-Closing Period Income Tax Return) of such disputed item (or items) and the basis for its objection.
If the Buyer and the Company cannot resolve any disputed item within five (5) days after such written notice, the item in question shall be resolved by the Accountant as promptly as practicable, and in any event not later than five (5) days prior to the Due Date of the applicable Pre-Closing Period Income Tax Return.
The Buyer and the Company shall negotiate in good faith and use their commercially reasonable efforts to resolve any dispute prior to the Due Date of any such Pre-Closing Period Income Tax Return.