Tax Period definition
Examples of Tax Period in a sentence
There are no outstanding agreements or waivers extending the statutory period of limitations for assessment applicable to any Tax Returns or Taxes of a Company Party (or any income Taxes of the Seller Group for any Tax Period during which a Company Party was a member of the Seller Group), which income Taxes could become a liability of a Company Party, and no request for such agreement or waiver has been filed or is currently pending.
Any credits relating to a Straddle Period shall be taken into account as though the relevant Tax Period ended on the Closing Date.
All Transaction Tax Deductions shall be reported on such Consolidated Tax Returns in a Pre-Closing Tax Period to the maximum extent permitted by applicable Law.
To the extent any Transaction Tax Deduction is allocable to (or attributable to the activities of) a non-U.S. member of the Company Group, such Transaction Tax Deductions (to the extent such deductions satisfy the MLTN Standard) shall be reported on the applicable Seller Tax Return in a Pre-Closing Tax Period to the maximum extent permitted by applicable Law.
The Parties agree to treat the Closing Date as the last day of the Tax Period of each Company Party for all applicable income Tax purposes to the extent permitted by Applicable Tax Law related to income Taxes.