Common use of Closing of the Books Clause in Contracts

Closing of the Books. For the Tax year of Seller prior to and ending on the Closing Date, the items of income, gain, loss, deduction, and credit allocable to Seller for such Tax year shall be based on a closing of the books as of the Closing Date pursuant to Section 706 of the Code and the regulations thereunder.

Appears in 2 contracts

Sources: Asset Purchase Agreement (Headwaters Inc), Asset Purchase Agreement (Headwaters Inc)