Common use of Tax Periods Beginning Before and Ending After the Closing Date Clause in Contracts

Tax Periods Beginning Before and Ending After the Closing Date. Buyer shall prepare or cause to be prepared and file or cause to be filed any Tax Returns of the LLCs for Tax periods which begin before the Closing Date and end after the Closing Date. Seller shall pay to Buyer within fifteen (15) days after the date on which Taxes are paid with respect to such periods an amount equal to the portion of such Taxes which relates to the portion of such Tax period ending on the Closing Date.

Tax Periods Beginning Before and Ending After the Closing Date. Buyer shall prepare or cause to be prepared and file or cause to be filed any Tax Returns of the LLCs Companies for Tax periods which that begin before the Closing Date and end after the Closing Date. Seller Buyer shall pay to Buyer within fifteen provide Shareholder Representative with summary calculations and results which shall appear in such Tax Returns for Shareholder Representative’s review and approval at least thirty (1530) days after the date on which Taxes are paid with respect to such periods an amount equal prior to the portion of due date for filing the Tax Returns which shall include such Taxes which relates to the portion of such Tax period ending on the Closing Dateinformation, and Buyer will incorporate any reasonable and lawful comments thereto.