Straddle Tax Period definition

Straddle Tax Period means any taxable period beginning on or before and ending after the Closing Date.

Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends thereafter.

Straddle Tax Period means a Tax period that begins on or before the Closing Date and ends after the Closing Date.

Examples of Straddle Tax Period in a sentence

• Each of the Parties shall be permitted (but not required) to carryback (or to cause its Affiliates to carryback) a Tax Attribute realized in a Post-Distribution Tax Period or a Straddle Tax Period to a Pre-Distribution Tax Period or a Straddle Tax Period only if such carryback cannot result in one or more other Parties (or their Affiliates) being liable for additional Taxes.

• Each of the Parties shall be permitted (but not required) to carryback (or to cause its Subsidiaries to carryback) a Tax Attribute realized in a Post-Distribution Tax Period or a Straddle Tax Period to a Pre-Distribution Tax Period or a Straddle Tax Period only if such carryback cannot reasonably result in the other Party (or its Subsidiaries) being liable for additional Taxes.

• Any credits relating to a Straddle Tax Period shall be taken into account as though the relevant Tax period ended on the Closing Date.

• To the extent not previously filed and subject to the rights and obligations of each of the Parties set forth herein, LQ Parent shall prepare or cause to be prepared (i) all Tax Returns required to be filed by each Party or its Affiliates for the Pre-Distribution Tax Period and (ii) all Tax Returns required to be filed by each Party or its Affiliates for any Straddle Tax Period (the “LQ Parent Prepared Returns”).

• Except as set forth in Section 8.3(c), CPLG shall be liable for and shall pay or cause to be paid (A) the portion of any Taxes allocable to the period beginning after the Distribution Date (determined in accordance with Section 10.2) owed in connection with any Audit of any Tax Return of CPLG or any member of its Group for any Straddle Tax Period, and (B) all Taxes owed in connection with any Tax Return of CPLG or any member of the CPLG Group for any Post-Distribution Tax Period.

More Definitions of Straddle Tax Period

Straddle Tax Period means a Tax year beginning before the Distribution Date and ending after the Distribution Date.

Straddle Tax Period means any Tax period that includes but does not end on the Closing Date.

Straddle Tax Period means any taxable period beginning on or before the Closing Date and ending after the Closing Date.

Straddle Tax Period has the meaning set forth in Section 11.2.

Straddle Tax Period means any Tax period beginning on or before the Initial Closing Date and ending after the Initial Closing Date. The Parties agree that there shall be no Straddle Tax Period with respect to federal and applicable state Income Taxes.

Straddle Tax Period has the meaning set forth in Section 6.2(b).

Straddle Tax Period means any complete Tax period that includes but does not end on the Closing Date.