Computation and Payment of Liability With Respect To Tax Due. Within twenty (20) Business Days following the receipt of any notice described in Section 4.1(a): (i) if ParentCo is the Responsible Company, then SpinCo shall pay to ParentCo the amount allocable to the SpinCo Group under the provisions of Article II; and (ii) if SpinCo is the Responsible Company, then ParentCo shall pay to SpinCo the amount allocable to the ParentCo Group under the provisions of Article II.
Appears in 4 contracts
Samples: Tax Matters Agreement, Tax Matters Agreement (nVent Electric PLC), Tax Matters Agreement (PENTAIR PLC)