Definition of Pre-Closing Portion


Pre-Closing Portion means the portion of any Straddle Period ending on the Closing Date.

Examples of Pre-Closing Portion in a sentence

The amount of Taxes (other than income or franchise Taxes) for a Straddle Period not allocable to the Pre-Closing Portion shall be allocable to the portion of the Straddle Period beginning the day after the Closing Date.
Within ten (10) days following Buyers receipt of the draft of such Straddle Period Tax Return (and the calculation of Taxes allocated to the Pre-Closing Portion and the Post-Closing Portion of such Straddle Period), Buyer shall have the right to reasonably object to such Straddle Period Tax Return or calculations by written notice to Seller.
Upon request by Seller, Buyer shall apply for and exercise reasonable best efforts to obtain Tax Refunds (as defined below) to which Altama and its Subsidiaries may be entitled for any Pre-Closing Period or the Pre-Closing Portion of any Straddle Period.
Seller shall pay Purchaser the Pre-Closing Portion of any amounts shown to be due on such Tax Returns and all amounts shown to be due on Tax Returns relating solely to Pre-Closing Tax Periods no later than five (5) Business Days prior to the due date of such Tax Returns (including extensions).
Reimbursement of Pre-Closing Portion of Sales Incentive Payments.