Examples of Pre-Closing Taxable Year in a sentence
Any of those Tax Returns filed for a Pre-Closing Taxable Year or Straddle Year must report the operations of that member in a manner consistent with its past practice.
Buyer (and any member of the ------------------------------- Company Group) shall promptly notify Parent, and Parent shall promptly notify Buyer, in writing within ten (10) business days from the receipt of notice of any pending or threatened Tax audits or assessments of Company or its Subsidiaries for any Pre-Closing Taxable Year.
Buyer (and any member of the Buyer Group) shall promptly notify Parent, and Parent shall promptly notify Buyer, in writing within ten (10) business days from the receipt of notice of any pending or threatened Tax audits or assessments of Company or its Subsidiaries for any Pre-Closing Taxable Year.
Parent shall have the sole right to represent the interests of Company and its Subsidiaries and settle all issues, and to employ counsel of its choice at its expense, in any audit or administrative or court proceeding relating to Taxes other than federal Income Taxes for any Pre-Closing Taxable Year ending on or before December 31, 1996.
Parent shall have the sole right to represent the ----------- interests of Company and its Subsidiaries and settle all issues, and to employ counsel of its choice at its expense, in any audit or administrative or court proceeding relating to Taxes other than federal Income Taxes for any Pre-Closing Taxable Year ending on or before December 31, 1996.
To that end Buyer agrees that the deduction for such expense (the "Reinsurance Deduction") shall be claimed by the Company and its Subsidiaries in the Taxable Year that immediately follows the Closing, and Seller and Company agree that no such deduction shall be claimed in a Pre-Closing Taxable Year.
Company and its ------------------------------------------- Subsidiaries shall elect, where permitted by law, to carry forward any net operating loss, net capital loss, credit or other item arising after the Closing Date that would, absent such election, be carried back to a Pre-Closing Taxable Year of Company or any of its Subsidiaries that file a consolidated, combined, or unitary Tax Return with any member of the Xerox Affiliated Group.
In no event shall any decrease in the liability for Taxes of Parent for any Pre-Closing Taxable Year ending on or before December 31, 1996 or any Pre-1997 Straddle Period attributable to the 1990 through 1994 Uncollectible Reinsurance Deductions be treated as an item subject to the provisions of this Section 5(g).