Examples of Pre-Closing Tax Year in a sentence
To the extent any such refunds or credits are attributable to real estate and personal property taxes paid during the Pre-Closing Tax Year, such amounts shall be prorated between the parties in the manner provided in Section 5.2, less costs incurred in obtaining such refund or credit and any amounts due to any past or present tenant of the Property.
To the extent any real estate or personal property tax refunds or credits are received after Closing with respect to the Property and such refunds or credits are attributable to real estate and personal property taxes paid for any tax year prior to the Pre-Closing Tax Year, Seller shall be entitled to the entirety of such refunds and credits (except to the extent due to any past or present tenant of the Property).
Foodbrands will cause the Company to apply for all refunds of United States Federal and Wisconsin corporate income taxes ("Income Taxes") for the Pre-Closing Tax Years as soon as shall be practical after the Closing Date but in no event later than the dates the Tax Returns for the Pre-Closing Tax Year Ending as of the Closing Date are due together with extensions approved by the Agent, if any.
Fesia Davenport, Chief Executive Officer, made a presentation and responded to questions posed by the Board.
Buyer shall have the right to control the progress of and to make all decisions with respect to any contest of the real estate taxes and personal property taxes for the Property due and payable during all years subsequent to the Pre-Closing Tax Year.
All net real estate Tax refunds and credits attributable to any tax year ending on or prior to the tax year ("Pre-Closing Tax Year") (net of any refund payments to tenants under Space Leases) in which the Closing occurs shall belong to and be the property of Contributor, Contributor Parent, any Lower Tier Entity or any New Lower Tier Entity.
Except for the First Option Payment and the Swap Payment, without the written approval of Foodbrands, Agent shall not be entitled to take any position with respect to a Tax Return for a Pre-Closing Tax Year which would have an adverse impact on any taxable period of Foodbrands or the Company beginning after the Closing Date.
Seller shall have the right to control the progress of and to make all decisions with respect to any contest of the real estate taxes and personal property taxes for the Property due and payable during the 2015 tax year (the “Pre-Closing Tax Year”), provided Seller shall keep Buyer reasonably informed regarding the status of any contest with respect to the taxes attributable to the Pre-Closing Tax Year.