Common use of Apportionment of Certain Taxes Clause in Contracts

Apportionment of Certain Taxes. All Property Taxes and similar ad valorem obligations levied with respect to the Purchased Assets shall be apportioned between the respective Seller and the Purchaser as of the Effective Time based on the number of days of the applicable taxable period prior to the Effective Time (with respect to any such taxable period, the “Pre-Closing Period”) and after the Effective Time (with respect to any such taxable period, the “Post-Closing Period”). The Sellers shall be responsible for the Sellers’ proportionate share of any such Taxes that are attributable to the Pre-Closing Period and the Purchaser shall be liable for its proportionate share of any such Taxes that are attributable to the Post-Closing Period.

Apportionment of Certain Taxes. All Property Taxes and similar ad valorem obligations levied with respect to the Purchased Assets shall be apportioned between the respective Seller Party and the Purchaser as of the applicable Effective Time based on the number of days of the applicable taxable period prior to the applicable Effective Time (with respect to any such taxable period, the “Pre-Closing Period”) and on and after the applicable Effective Time (with respect to any such taxable period, the “Post-Closing Period”). The Sellers Each Seller Party shall be responsible for the Sellers’ such Seller Party’s proportionate share of any such Taxes that are attributable to the Pre-Closing Period and the Purchaser shall be liable for its proportionate share of any such Taxes that are attributable to the Post-Closing Period.