Definition of Pre-Closing Straddle Period Taxes


Pre-Closing Straddle Period Taxes means Taxes allocable to the Pre-Closing Straddle Period in accordance with Section 8.3.

Examples of Pre-Closing Straddle Period Taxes in a sentence

Sellers shall be responsible for and shall all Pre-Closing Straddle Period Taxes.
Any Taxes required to be paid by the Company with respect to the portion of such period ending on the Closing Date (as determined below) ("Pre-Closing Straddle Period Taxes"), to the extent such Taxes were not included as a liability in the calculation of Actual Net Working Capital, will be paid in cash by Sellers.
The Taxes attributable to the pre-Closing period shall include the Pre-Closing Straddle Period Taxes on such Tax Returns.
The portion of Straddle Period Taxes that are attributable to the Post-Closing Straddle Period will be the difference, if any, between the Straddle Period Taxes and the Pre-Closing Straddle Period Taxes.
Subject to Section 5.2(G), the Shareholder shall deliver to the Purchaser, at least three (3) business days prior to the date on which such Taxes are required to be paid, that portion of the Taxes which relates to the portion of such taxable period ending on the day immediately preceding the Closing Date (the Pre-Closing Straddle Period Taxes), excluding, however, Extra Tax Costs.