Examples of Transaction Tax Benefit in a sentence
The Parties shall negotiate in good faith to finalize the Transaction Tax Benefit Deductible.
The Transaction Tax Benefit Deductible shall be updated for the amount of any Transaction Tax Deductions to the extent not included as deductions in Income Tax Returns of the Company and/or any of its Subsidiaries for a taxable period or portion thereof that ends on the Closing Date.
Except to the extent reflected as an asset in the final calculation of Net Working Capital and without duplication for any Transaction Tax Benefit, Seller will be entitled to any Tax refunds that are received by Buyer or the Company, and any amounts credited against Tax to which Buyer or the Company becomes entitled in any Post-Closing Tax Period, that relate to any Pre-Closing Tax Period.
The Buyer and/or the Company and its Affiliates shall timely and properly deliver all such documents, forms and other information as Seller may reasonably request which relate to the calculation of the Transaction Tax Benefit amount.
For this purpose, a Transaction Tax Benefit is any reduction in the Buyer and/or the Company’s or its Affiliate’s Tax liability in any Post-Closing Tax Period resulting from the carryforward of any Transaction Tax Deductions from Pre-Closing Tax Periods to such Post-Closing Tax Period.