Common use of Closing of the Books Clause in Contracts

Closing of the Books. SXE shall, to the extent permitted under Law and each such entity’s Organizational Documents, cause each Contributed Entity (or, in the case of the T2 LaSalle Entities, use commercially reasonable efforts to cause) to allocate all items of income, gain, loss, deduction or credit attributable to the taxable period of the Contributed Entity in which the Closing occurs based on an interim closing of the books of such Contributed Entity as of the end of the Closing Date consistent with Section 7.13(d) (to the extent the Contributed Entity’s Tax period does not otherwise end on the Closing Date).