Straddle Statement definition

Straddle Statement has the meaning set forth in Section 7.3 above.
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Straddle Statement shall have the meaning set forth in Section 5.6(a)(ii).
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Straddle Statement shall have the meaning ascribed to such term in Section 6.1(b)(ii) hereof.
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Examples of Straddle Statement in a sentence

  • If Sellers agree with the Straddle Period Return and Straddle Statement, Sellers shall pay to Buyer, not later than five (5) Business Days before the due date for the payment of Taxes with respect to such Straddle Period Return, an amount equal to the Pre-Closing Taxes as shown on the Straddle Statement, but only to the extent such Taxes are not reflected as a liability for purposes of calculating Working Capital or included in the Transaction Expenses Balance on the Closing Statement.

  • If CCE agrees with the ETP Return and Straddle Statement, the amount of Pre-Closing Taxes shall be as shown thereon.

  • The Seller shall pay to the Purchaser the amount reflected on the Purchaser Straddle Statement not more than ten (10) days after the receipt by the Seller of such Purchaser Straddle Return or, in the event of a disagreement between the Purchaser and the Seller regarding the Purchaser Straddle Return or the Purchaser Straddle Statement, within ten (10) days after the resolution of such disagreement.

  • If the Seller and the Purchaser cannot resolve their disagreement within ten (10) days following the Seller's notification, any dispute with respect to the amount reflected on the Purchaser Straddle Statement shall be submitted to an Independent Accountant for resolution within ten (10) days of such submission.

  • If the Representative agrees with the Straddle Period Return and Straddle Statement, the Seller Parties shall pay to Buyer, not later than five (5) Business Days before the due date for the payment of Taxes with respect to such Straddle Period Return, an amount equal to the Pre-Closing Taxes as shown on the Straddle Statement, but only to the extent such Taxes are not reflected as a liability for purposes of finally calculating Working Capital pursuant to Article 1.

  • Buyer shall provide Seller with copies of any Straddle Period Returns at least forty-five (45) Business Days prior to the due date thereof (giving effect to any extensions thereto), accompanied by a statement (the "Straddle Statement") setting forth and calculating in reasonable detail the Pre-Closing Taxes (as hereinafter defined).

  • If Seller agrees with the Straddle Period Return and Straddle Statement, Seller shall pay to Buyer (or Buyer shall pay to Seller, if appropriate) an amount equal to the Pre-Cut-off Taxes as shown on the Straddle Statement not later than two (2) Business Days before the due date (including any extensions thereof) for payment of Taxes with respect to such Straddle Period Return.

  • The Purchaser shall pay to the Seller the amount reflected on the Seller Straddle Statement not more than ten (10) days after the receipt by the Purchaser of such Seller Straddle Return and Seller Straddle Statement or, in the event of a disagreement between the Purchaser and the Seller regarding the Seller Straddle Statement, within ten (10) days after the resolution of such disagreement.

  • The Purchaser shall deliver to the Seller (A) a draft of any Purchaser Straddle Return and (B) a draft statement setting forth the Seller's pro rata portion of the Income Tax or sales and use Tax due, as applicable, with respect to the Purchaser Straddle Return as determined pursuant to Sections 7.01 and 7.02 (the "Purchaser Straddle Statement"), for comment and approval not later than forty (40) days before such Purchaser Straddle Returns are due.

  • If, within fifteen (15) days of the receipt of the Straddle Period Return and Straddle Statement, Seller notifies Buyer that it disputes the manner of preparation of the Straddle Period Return or the Pre-Closing Taxes shown on the Straddle Statement, then Buyer and Seller shall attempt to resolve their disagreement within the five (5) days following Seller's notification to Buyer of such disagreement.


More Definitions of Straddle Statement

Straddle Statement is defined in Section 8.2(a).
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Straddle Statement has the meaning set forth in Section 8.3. “Subsidiary” means, with respect to any Person, any corporation, limited liability company, partnership, association, or other business entity of which (a) if a corporation, a majority of the total voting power of shares of stock entitled (without regard to the occurrence of any contingency) to vote in the election of directors, managers, or trustees thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more of the other Subsidiaries of that Person or a combination thereof or (b) if a limited liability company, partnership, association, or other business entity (other than a corporation), a majority of partnership or other similar ownership interest thereof is at the time owned or controlled, directly or indirectly, by that Person or one or more Subsidiaries of that Person or a combination thereof and for this purpose, a Person or Persons owns a majority ownership interest in such a business entity (other than a corporation) if such Person or Persons shall be allocated a majority of such business entity’s gains or losses or shall be or control any manager, management board, managing director or general partner of such business entity (other than a corporation). The term “Subsidiary” shall include all Subsidiaries of such Subsidiary. “Survey” has the meaning set forth in Section 3.11(e). “Tax” or “Taxes” means any federal, state, local, or foreign income, gross receipts, license, payroll, employment, excise, escheat, severance, stamp, occupation, premium, windfall profits, environmental (including taxes under Code §59A), customs duties, capital stock, franchise, profits, withholding, social security (or similar), unemployment, disability, real property, personal property, sales, use, transfer, registration, value added, alternative or add-on minimum, estimated, or other tax of any kind whatsoever, including any interest, penalty, or addition thereto, whether disputed or not and including any obligations to indemnify or otherwise assume or succeed to the Tax liability of any other Person. “Tax Return” means any return, declaration, report, claim for refund, or information return or statement relating to Taxes, including any schedule or attachment thereto, and including any amendment thereof. “Tax Sharing Agreement” has the meaning set forth in Section 8.5(b). Exhibit 2.1 “Texas Franchise Tax” or “Texas Franchise Taxes” means any franchise tax imposed upon entities organized or d...
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Related to Straddle Statement

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

  • E-Statement means an electronic version of daily confirms, monthly, quarterly or annual statements, and shareholder tax statements created with investor transaction data housed on DST’s TA2000® mutual fund record keeping system, with images available online via a secure web site.

  • Tax Period means, with respect to any Tax, the period for which the Tax is reported as provided under the Code or other applicable Tax Law.

  • Post-Closing Straddle Period has the meaning set forth in Section 7.1(a).

  • Tax Package has the meaning assigned in Section 6.01(b);