Common use of Adjustments Resulting in Underpayments Clause in Contracts

Adjustments Resulting in Underpayments. In the case of any adjustment pursuant to a Final Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax due with respect to such Tax Return required to be paid as a result of such adjustment. The Responsible Company shall compute the amount of Taxes with respect to such Final Determination for which the other Company is liable (or deemed liable) under the provisions of Section 2 and shall provide written notice and demand for payment of such amount, accompanied by a statement detailing the Taxes paid and the calculation of the amount payable by the other Company and describing in reasonable detail the particulars relating thereto, to the other Company. The other Company shall pay to the Responsible Company the amount for which the other Company is liable with respect to such adjustment under the provisions of Section 2 within twenty (20) Business Days of the date of receipt of such written notice and demand from the Responsible Company; provided, that no such payment shall be required to be made any earlier than five (5) Business Days prior to the date the additional Tax is required to be paid to the applicable Tax Authority.

Adjustments Resulting in Underpayments. In the case of any adjustment pursuant to a Final Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax due with respect to such Tax Return required to be paid as a result of such adjustment. The Responsible Company shall compute the amount of Taxes with respect to such Final Determination for which the other Company is liable (or deemed liable) under the provisions of Section Article 2 and shall provide written notice and demand for payment of such amount, accompanied by a statement detailing the Taxes paid and the calculation of the amount payable by the other Company and describing in reasonable detail the particulars relating thereto, to the other Company. The other Company shall pay to the Responsible Company the amount for which the other Company is liable with respect to such adjustment under the provisions of Section Article 2 within twenty thirty (2030) Business Days business days of the date of receipt of such written notice and demand from the Responsible Company; provided, provided that no such payment shall be required to be made any earlier than five (5) Business Days business days prior to the date the additional Tax is required to be paid to the applicable Tax Authority.

Adjustments Resulting in Underpayments. In the case of any adjustment pursuant to a Final Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax Taxes due with respect to such Tax Return required to be paid as a result of such adjustment. The Except as otherwise provided in Section 7.07, the Responsible Company shall compute the amount of such Taxes with respect allocable to such Final Determination for which the other Company is liable (or deemed liable) under the provisions of Section Article 2 and shall provide written notice and demand for payment of such amount, accompanied by a statement detailing the Taxes paid and the calculation of the amount payable by the other Company or to be paid and describing in reasonable detail the particulars relating thereto, to the other Company. The other Company that is not the Responsible Company shall pay to the Responsible Company the amount for which of such Taxes allocable to the other Company that is liable with respect to such adjustment not the Responsible Company under the provisions of Section Article 2 within twenty (20) Business Days of the date of receipt of such written notice and demand from the Responsible Companydemand; provided, provided that no such payment shall be required to be made any earlier than five (5) Business Days prior to the date the additional Tax is required to be paid to the applicable Tax Authority.

Adjustments Resulting in Underpayments. In the case of any adjustment pursuant to a Final Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax Taxes due with respect to such Tax Return required to be paid as a result of such adjustment. The Except as otherwise provided in Section 7.07, the Responsible Company shall compute the amount of such Taxes with respect allocable to such Final Determination for which the other Company is liable (or deemed liable) under the provisions of Section Article 2 and shall provide written notice and demand for payment of such amount, accompanied by a statement detailing the Taxes paid and the calculation of the amount payable by the other Company and describing in reasonable detail the particulars relating thereto, to the other Company. The other Company that is not the Responsible Company shall pay to the Responsible Company the amount for which of such Taxes allocable to the other Company that is liable with respect to such adjustment not the Responsible Company under the provisions of Section Article 2 within twenty (20) Business Days of the date of receipt of such written notice and demand from the Responsible Companydemand; provided, provided that no such payment shall be required to be made any earlier than five (5) Business Days prior to the date the additional Tax is required to be paid to the applicable Tax Authority.