Common use of Adjustments Resulting in Overpayments Clause in Contracts

Adjustments Resulting in Overpayments. Within 30 days of receipt by Valero of any Tax Benefit resulting from any adjustment to the Consolidated Federal Income Tax Liability with respect to any Valero Federal Consolidated Income Tax Return for any Pre-Distribution Period, Valero shall pay to Refining the Refining Group's respective share of any such Tax Benefit determined in accordance with Section 2.02(a). Valero shall also pay to Refining interest on Refining Group's respective share of such Tax Benefit computed at the Prime Rate based on the number of days from the date the Tax Benefit was received by Valero to the date of payment to Refining under this Section 5.02(b).

Adjustments Resulting in Overpayments. Within 30 days of receipt by Valero of any Tax Benefit resulting from any adjustment to the Consolidated Federal Income Tax Liability liability with respect to any Valero Federal Tax Return for any Consolidated or Combined State Income Tax Return for any Pre-Distribution Period, Valero shall pay to Refining the Refining Group's respective share of any such Tax Benefit determined in accordance with Section 2.02(a2.03(b)(ii). Valero shall also pay to Refining interest on the Refining Group's respective share of such Tax Benefit computed at the Prime Rate based on the number of days from the date the Tax Benefit was received by Valero to the date of payment to Refining under this Section 5.02(b5.04(b).

Adjustments Resulting in Overpayments. Within 30 days of receipt by Valero of any Tax Benefit resulting from any adjustment to the Consolidated Federal Income Tax Liability liability with respect to any Valero Federal Consolidated Income Tax Return for any Pre-Consolidated or Combined State Income Tax for any Pre- Distribution Period, Valero shall pay to Refining the Refining Group's respective share of any such Tax Benefit determined in accordance with Section 2.02(a2.03(b)(ii). Valero shall also pay to Refining interest on the Refining Group's respective share of such Tax Benefit computed at the Prime Rate based on the number of days from the date the Tax Benefit was received by Valero to the date of payment to Refining under this Section 5.02(b5.04(b).