Definition of Pre-Completion Tax Period


Pre-Completion Tax Period means any taxable year or period that ends on or before the Completion Date;

Examples of Pre-Completion Tax Period in a sentence

All such Taxes levied with respect to the Acquired Assets for the Straddle Period will be apportioned between the Purchaser and the Seller based on the number of days of such Straddle Period included in the Pre-Completion Tax Period and the number of days of such Straddle Period included in the Post-Completion Tax Period.
Not later than three (3) days prior to the due date for the payment of Taxes with respect to any Purchaser Prepared Return, the Vendors shall pay or cause to be paid to Purchaser the amount of any Taxes attributable to a Pre-Completion Tax Period (determined in accordance with Clause 13.3 with respect to Straddle Periods) shown on such Purchaser Prepared Return ("Pre-Completion Taxes").
The Seller will be liable for the proportionate amount of such Taxes attributable to the Acquired Assets that is attributable to the Pre-Completion Tax Period, and Purchaser will be liable for the proportionate amount of such Taxes attributable to the Acquired Assets that is attributable to the Post-Completion Tax Period.
To the extent not allocated in this Agreement, the Seller will be responsible for, and will promptly pay when due, all Taxes levied with respect to the Acquired Assets attributable to the Pre-Completion Tax Period.