Split Tax Period definition

Split Tax Period shall have the meaning set forth in Section 6.3(c).
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Split Tax Period means any taxable period beginning on or before the Closing Date and ending after the Closing Date.
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Examples of Split Tax Period in a sentence

  • At least two (2) days prior to the due date for the payment of Taxes with respect to a Split Tax Period, Seller shall pay Purchaser or the Acquired Companies the amount of undisputed Taxes shown on such Tax Returns that relate to Pre-Closing Periods (as determined in accordance with Section 6.3(c)), and Purchaser shall, or shall cause the Acquired Companies to, pay all other Taxes shown on such Tax Returns.

  • In the case of a Split Tax Period, Seller shall be entitled to participate at its expense in any Tax Claim relating in any part to Taxes attributable to the Pre-Closing Period and, with the prior written consent of Purchaser, at Seller's sole expense, may assume the control of such entire Tax Claim.

  • To the extent that such refunds or credits are attributable to Taxes for a Split Tax Period such refunds and credits shall be for the account of the party who bears responsibility for such Taxes pursuant to Section 6.3(c).

  • Notwithstanding the foregoing, if at any time that the amount in dispute in any Split Tax Period that is allocable to a Post-Closing Period, measured by giving effect to any interest, penalty, addition to tax or other amount that may be imposed by any Governmental Authority, is greater than the amount in dispute that is allocable to a Pre-Closing Period, Buyer, and not Parent, shall have the right to assume control of the defense of such Tax deficiency.

  • For purposes of this Section 6.03(c) and 6.03(d), any such income taxes or other taxes incurred in a Split Tax Period will be allocated between the Pre-Closing Period and Post-Closing Period on a “closing of the books” basis as if the tax period ended on the close of business on the Closing Date.

  • Notwithstanding the foregoing, if at any time that the amount in dispute in any Split Tax Period that is allocable to a Post-Closing Period, measured by giving effect to any interest, penalty, addition to tax or other amount that may be imposed by any Governmental Authority, is greater than the amount in dispute that is allocable to a Pre-Closing Period, Buyer, and not Goodyear, shall have the right to assume control of the defense of such Tax deficiency.

  • Upon timely notice from the Buyer, the Sellers shall pay to such Operating Company prior to the due date for such Taxes an amount equal to the amount of such Taxes that have not been paid as of the Closing Date and would have been due from such Operating Company if the Split Tax Period had ended on the Closing Date.

  • For purposes of Section 7.8(c), any such Taxes payable with respect to a Split Tax Period will be pro-rated between the Pre-Closing Period and the corresponding Post-Closing Period based on the number of days in each such Period.

  • For purposes of this Section 7.8(a)(ii), any such Income Taxes or other Taxes incurred in a Split Tax Period will be allocated between the Pre-Closing Period and Post-Closing Period on a “closing of the books” basis as if the tax period ended on the close of business on the Closing Date.

  • The Buyer shall cause each Operating Company to pay all Taxes due from such Operating Company for any taxable year or taxable period commencing before and ending after the Closing Date (the "Split Tax Period").

Related to Split Tax Period

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Straddle Tax Period means any taxable period beginning on or before and ending after the Closing Date.

  • Post-Distribution Tax Period means a Tax year beginning and ending after the Distribution Date.

  • Pre-Distribution Tax Period means any taxable period (or portion thereof) that ends on or before the Distribution Date.

  • Straddle Period means any taxable period beginning on or before the Closing Date and ending after the Closing Date.