Pre-Closing Tax Accrual Amount means, with respect to the Target Companies, the amount of Taxes (excluding Payroll Taxes and Tangible Property Taxes) payable as of the Closing, as determined in a manner consistent with the Target Companies practices for determining such Taxes (excluding Payroll Taxes and Tangible Property Taxes) payable; provided that if as of the Closing, the Target Companies have prepaid Taxes (excluding Payroll Taxes and Tangible Property Taxes) rather than Taxes (excluding Payroll Taxes and Tangible Property Taxes) payable, then the "Pre-Closing Tax Accrual Amount" shall be a negative number equal to the amount of such prepaid Taxes (excluding Payroll Taxes and Tangible Property Taxes).
Pre-Closing Tax Accrual Amount means the aggregate liability for unpaid Taxes of the Acquired Companies attributable to any Pre-Closing Tax Period (calculated, in the case of Straddle Period, in accordance with Section 12.1(b)), determined on a jurisdiction-by-jurisdiction basis with zero dollars ($0) being the lowest amount for a jurisdiction.
Pre-Closing Tax Accrual Amount means the aggregate liability for unpaid Taxes of the Acquired Companies
Examples of Pre-Closing Tax Accrual Amount in a sentence
This phase begins only after 95% of the Steam Traps in the designated areas of the Utilities and Offsite areas are brought to healthy condition.