Definition of Tax Survival Date


Tax Survival Date means (i) with respect to any Consolidated Return Tax Liability, the date that is 30 days after the expiration of the applicable statute of limitation with respect to such Taxes or (ii) otherwise, the date that is two years after the Closing Date.

Examples of Tax Survival Date in a sentence

Furthermore, the Notice of Claim must be received by the Indemnifying Part by no later than the Survival Date or Tax Survival Date, as applicable.
Subject to the following requirements, the Escrow Fund shall be in existence immediately following the Effective Time and shall automatically terminate at 11:59 p.m. (ET) on the Tax Survival Date (the Escrow Period).