Straddle Taxable Period definition

Straddle Taxable Period has the meaning set forth in Section 6.14(a).
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Straddle Taxable Period means any Taxable period beginning before the Closing Date and ending on or after the Closing Date.
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Straddle Taxable Period means any Tax period that includes (but does not end on) the Closing Date.
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Examples of Straddle Taxable Period in a sentence

  • The Processor ensures the sub-processor will comply with these duties and shall be liable to the Controller in case of non-compliance.

  • After the Closing Date, with respect to any Tax for which Seller is responsible pursuant to Section 5.9(b), Seller shall have the right, at its sole cost and expense, to control (in the case of a Pre-Closing Taxable Period) or participate in (in the case of a Straddle Taxable Period) the prosecution, settlement or compromise of any proceeding involving such Tax.

  • If after the Closing Buyer receives a refund or utilizes a credit of any Property Tax in respect of the Purchased Assets attributable to a Pre- Closing Taxable Period or that portion of a Straddle Taxable Period ending on the Closing Date, Buyer shall pay to Seller within twenty (20) Business Days after such receipt or utilization an amount equal to such refund received or credit utilized, together with any interest received or credited thereon net of any out-of- pocket costs associated therewith.

  • His early murals were destroyed, repainted, ignored, while his biggest literary work, Lanark, was still in the making, and shorter works – plays, radio dramas, short stories – had little impact.

  • Buyer shall not settle any such proceeding involving a Straddle Taxable Period without Seller's prior written consent, which consent shall not be unreasonably withheld, conditioned or delayed.

  • An application for the removal of the Holding Zone shall provide the necessary information to show compliance with all Municipal By-laws, the Ontario Building Code, particularly as it relates to fire, health, safety and occupancy regulations and the adequacy of a potable water supply and sewage disposal facility approved by the appropriate government agency having jurisdiction.

  • Ad valorem Property Taxes shall be prorated as follows: the Parties will calculate the prorated Property Taxes for any Straddle Taxable Period based upon both the "due date" method and the "calendar year" method, pursuant to the methodologies stated in Exhibit 5.9(b).

  • If, after the Closing, Buyer or the applicable Project Company receives a refund or utilizes a credit of any Tax of the Project Company attributable to a period ending prior to the Closing Date or that portion of a Straddle Taxable Period ending on the Closing Date, Buyer shall pay to Seller within ten (10) Business Days after such receipt or utilization an amount equal to such refund received or credit utilized, together with any interest received or credited thereon net of any costs associated therewith.

  • After the Closing Date, with respect to Property Taxes on the Purchased Assets for a Straddle Taxable Period, Buyer shall have the right to participate (at its own expense) in the appeal, settlement or compromise of any proceeding to determine the value of the Project for purposes of Property Taxes.

  • Supply conditions are expected to normalize as from the second half of 2022.


More Definitions of Straddle Taxable Period

Straddle Taxable Period has the meaning given to it in Section 9.2(a).
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Straddle Taxable Period shall have the meaning set forth in Section 10.3.
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Straddle Taxable Period means any Tax period beginning on or before, and ending after the Effective Date. “Target Working Capital” means $1,500,000.
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Straddle Taxable Period means a taxable period that begins on or before the Closing Date and ends after the Closing Date. In the case of Taxes arising in a Straddle Taxable Period, except as provided in the next sentence, the allocation of such Taxes between the Pre-Closing Period and the Post-Closing Period shall be made on the basis of an interim closing of the books as of the end of the Closing Date. In the case of any Taxes based on capitalization, debt or shares of stock authorized, issued or outstanding, or any real property, personal property or similar ad valorem Taxes that are payable for a Straddle Taxable Period, the portion of such Tax that relates to the Pre-Closing Period shall be deemed to be the amount of such Tax for the entire Straddle Taxable Period multiplied by a fraction, the numerator of which is the number of days in the Pre-Closing Period and the denominator of which is the number of days in the entire Straddle Taxable Period. In the event the Taxes described in the preceding sentence are attributable to any property that is revalued or re-assessed (or for which any exemption is forfeited) on or after the Closing Date on account of Buyer’s purchase of 100% of the Membership Interests as contemplated herein, the portion of such Tax allocated to the Pre-Closing Period pursuant to the preceding sentence shall be made without taking into account such revaluation or reassessment. Furthermore, if any Taxes described in the second sentence preceding this sentence are attributable to property that was owned by the Project Company solely in the Pre-Closing Period, such Taxes shall be allocated entirely to the Pre-Closing Period, and if any Taxes described in the second sentence preceding this sentence are attributable to property that was owned by the Project Company solely in the Post-Closing Period, such Taxes shall be allocated entirely to the Post-Closing Period.
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Straddle Taxable Period means a taxable period that begins before the Deconsolidation Date and ends after the Deconsolidation Date.
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Related to Straddle Taxable Period

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

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

  • Taxable Period means any taxable year or other period that is treated as a taxable year with respect to which any Tax may be imposed under any applicable statute, rule or regulation.

  • 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.

  • Post-Distribution Tax Period means a Tax period 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.

  • Post-Closing Straddle Period means the portion of a Straddle Period beginning the day after the Closing Date.

  • Net Taxable Income has the meaning set forth in Section 4.01(b)(i).

  • Taxable Date means the date as of which interest on the Bonds is first includible in gross income of the Owner (including, without limitation, any previous Owner) thereof as a result of an Event of Taxability.

  • Pre-Closing Straddle Period means the portion of a Straddle Period ending on the Closing Date.

  • Taxable means either:

  • Tax Year means a period beginning with 6th April in one year and ending with 5th April in the next;

  • Pre-Closing Taxable Period means any Taxable period ending on or prior to the Closing Date.

  • Post-Closing Tax Period means any taxable period beginning after the Closing Date and, with respect to any Straddle Period, the portion of such Straddle Period beginning after the Closing Date.

  • Taxable income means, in the case of an individual, federal adjusted gross income determined without regard to 26 U.S.C. § 168(k) and:

  • Tax Distribution Date has the meaning set forth in Section 4.01(b)(i).

  • Tax Benefit Schedule is defined in Section 2.02 of this Agreement.

  • Closing Period means the period between the close of business on the date of this Agreement and the Closing.

  • Tax Distribution Amount means, with respect to a Member’s Units, whichever of the following applies with respect to the applicable Tax Distribution, in each case in amount not less than zero:

  • Taxable Year means a taxable year of the Corporate Taxpayer as defined in Section 441(b) of the Code or comparable section of state or local tax law, as applicable (and, therefore, for the avoidance of doubt, may include a period of less than 12 months for which a Tax Return is made), ending on or after the IPO Date.

  • Taxable Allocation means, with respect to any Series, the allocation of any net capital gains or other income taxable for federal income tax purposes to a dividend paid in respect of such Series.

  • MUNICIPAL TAXABLE INCOME means the following:

  • Net Tax Benefit has the meaning set forth in Section 3.1(b) of this Agreement.

  • Base taxable value means the agreed value specified in a resolution or interlocal agreement under Subsection 17C-1-102(8) from which tax increment will be collected.

  • Transaction Payroll Taxes means the employer portion of any employment or payroll Taxes with respect to any bonuses, severance, option cashouts, Change in Control Payments or other compensatory payments in connection with the transactions contemplated by this Agreement, whether payable by Buyer, the Company or its Subsidiaries.

  • Distribution Taxes means any Taxes incurred solely as a result of the failure of the Intended Tax Treatment of the Restructuring, the Contribution or the Distribution.