Examples of Straddle Period Income Tax Return in a sentence
The Party responsible, or whose Affiliate is responsible, for filing a Pre-Distribution Income Tax Return or Straddle Period Income Tax Return under applicable Law shall timely file or cause to be timely filed such Income Tax Returns with the applicable Taxing Authority.
To the extent not previously provided, the Party other than the Preparing Party shall (at its own cost and expense), to the extent that a Pre-Distribution Income Tax Return or a Straddle Period Income Tax Return includes items of that Party or its Subsidiaries, prepare and provide or cause to be prepared and provided to the Preparing Party a Tax Package relating to that Pre-Distribution Income Tax Return or Straddle Period Income Tax Return.
In the event a Party does not fulfill its obligations pursuant to this Section 2.1(b), the Preparing Party shall be entitled, at the sole cost and expense of the other Party, to prepare or cause to be prepared the information required to be included in the Tax Package for purposes of preparing any such Pre-Distribution Income Tax Return or Straddle Period Income Tax Return.
The distinction between categories 2, 3 and 4 makes it easier to focus on the areas of concern.
The Buyer shall deliver to the Seller, for its review and comment, a draft of each Straddle Period Income Tax Return at least sixty (60) days prior to the applicable filing deadline of such Straddle Period Income Tax Return, together with a proposed calculation of the Income Taxes shown to be due on such Straddle Period Income Tax Return that are allocable to the Pre-Closing Period.
Within twenty-one (21) days following receipt thereof, the Seller shall deliver to the Buyer written notice of any objection with respect to the calculation of Income Taxes shown to be due on such Straddle Period Income Tax Return or the portion of such Taxes allocable to the Pre-Closing Period.
Apartment Change Policy First Two Weeks: Adaption periodAfter the housing placement, a two week period of adaptation is required before any housing moves are considered.
Within twenty (20) days after the receipt of any Straddle Period Income Tax Return, the Sellers’ Representative will submit to Buyer in writing any proposed changes to such Income Tax Return.
Any unresolved disputes regarding a Pre-Closing Tax Period Income Tax Return or Straddle Period Income Tax Return will be resolved by the Arbitrating Accountant (or another nationally recognized independent public accounting firm agreed upon by Buyer and the Sellers’ Representative), the costs of which shall be borne by each Party in the percentage inversely proportionate to the percentage of the total amount of the total items submitted for dispute that are resolved in such Party’s favor.
For the avoidance of doubt, any estimated or prepaid income Taxes paid by the Sellers, the Company or any of its Subsidiaries to a Tax Authority prior to the Closing in respect of any Straddle Period or Pre-Closing Tax Period shall be for the account of the Sellers and shall reduce the amount of Taxes for which the Sellers are responsible with respect to any Straddle Period Income Tax Return.