Tax Allocation definition
Examples of Tax Allocation in a sentence
If ▇▇▇▇▇▇ does not propose written changes to Buyer by the 30th day after receipt of the Proposed Tax Allocation, ▇▇▇▇▇’s Proposed Tax Allocation shall be deemed approved by each Party (the “Final Allocation”).
In the event that the Parties do not resolve a disputed item in the Tax Allocation prior to the end of the period, then the Parties shall 58 each be entitled to adopt their own positions regarding such disputed item.
If Purchaser does not receive any written notice of objection to the Tax Allocation within thirty (30) days of delivery of the Tax Allocation to Seller, the Tax Allocation shall be deemed agreed to in its entirety by the Parties.
In the event Seller does not approve of the Proposed Tax Allocation, the Parties shall work in good faith to resolve any disagreements, and, if they do resolve all disputed matters, the Proposed Tax Allocation, as modified pursuant to such resolution, shall become the Final Allocation.
Acting in good faith, Seller shall have 30 days following their receipt of the Proposed Tax Allocation (“Seller Review Period”) to propose any changes or indicate concurrence therewith, and Buyer shall consider any changes proposed by Seller in good faith.