Examples of Transaction Tax Deductions in a sentence
To the extent permitted by applicable Tax law, Parent will cause the Company and its Subsidiaries to (i) claim any Transaction Tax Deductions in its Pre-Closing Taxable Period ending on the Closing Date and (ii) elect to carry back any net operating loss for such period.
For this purpose, the Tax refunds attributable to Transaction Tax Deductions are equal to the difference between the Tax Refunds calculated by including the Transaction Tax Deductions and the Tax Refunds calculated without regard to the Transaction Tax Deductions.
Any other provisions of this Agreement to the contrary notwithstanding, any Transaction Tax Deductions shall be treated, to the extent permitted by applicable Law, as attributable to a Pre-Closing Tax Period, and any Tax Benefit attributable to such Transaction Tax Deductions, regardless of the Tax period in which such Tax Benefit is realized, shall be for the Shareholder’s account according to this Section 6.8(d).
Buyer shall prepare and file such Tax Returns in a manner consistent with past practice and this Agreement (including, for the avoidance of doubt, by claiming all Transaction Tax Deductions on such Tax Returns in accordance with Section 6.02(e)(i)), except as otherwise required by applicable Law.
If Parent delivers such a request, then the Company shall make or cause to be made such changes to such Tax Return as are reasonably requested by Parent except to the extent such changes are inconsistent with past practice or applicable Law and would reduce the amount the Securityholders would otherwise be entitled to pursuant to Section 4.13(j) (Transaction Tax Deductions) hereof.