Section 1374 Tax definition

Section 1374 Tax has the meaning set forth in Section 5.12(b)(i).
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Section 1374 Tax has the meaning set forth in Section 8.1(a).
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Section 1374 Tax is defined in Section 5.16(r).
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Examples of Section 1374 Tax in a sentence

  • The Accounting Referee's determination of the Statement of Section 1374 Tax and/or the Statement of Net Worth shall be final and binding on the Parties, and shall become the Final Statement of Section 1374 Tax, and the Final Statement of Net Worth, as applicable.

  • No Section 1374 Tax - Company shall not be liable for any tax under Section 1374 of the Code in connection with the deemed sale of Company’s assets caused by an election under Section 338(h)(10) of the Code.

  • Purchaser and the Sellers shall cooperate in good faith to resolve any such dispute as promptly as possible, and upon such resolution, the Statement of Section 1374 Tax and the Statement of Net Worth shall be revised in accordance with the agreement of the Purchaser and the Sellers.

  • In the event the Purchaser does not notify the Sellers of any such dispute within such fifteen (15)-day period or notifies the Sellers within such period that it does not dispute any item contained therein, the Statement of Section 1374 Tax shall become the Final Statement of Section 1374 Tax and the Statement of Net Worth shall become the Final Statement of Net Worth.