Common use of Computation and Payment of Liability With Respect To Tax Due Clause in Contracts

Computation and Payment of Liability With Respect To Tax Due. Within twenty (20) Business Days following the earlier of (i) the due date (including extensions) for filing any such Tax Return (excluding any Tax Return with respect to payment of estimated Taxes or Taxes due with a request for extension of time to file) or (ii) the date on which such Tax Return is filed, if Manitowoc ParentCo is the Responsible Company, then SpinCo shall pay to Manitowoc ParentCo the amount allocable to the SpinCo Group under the provisions of Article II, and if SpinCo is the Responsible Company, then Manitowoc ParentCo shall pay to SpinCo the amount allocable to the Manitowoc ParentCo Group under the provisions of Article II, in each case, plus interest computed at the Applicable Interest Rate on the amount of the payment based on the number of days from the earlier of (i) the due date of the Tax Return (including extensions) or (ii) the date on which such Tax Return is filed, to the date of payment.

Computation and Payment of Liability With Respect To Tax Due. Within twenty (20) Business Days 30 days following the earlier of (i) the due date (including taking into account extensions) for filing any such Tax Return (excluding any Tax Return with respect to payment of estimated Taxes or Taxes due with a request for extension of time to file) or (ii) the date on which such Tax Return is filed, if Manitowoc ParentCo EPC is the Responsible Company, then SpinCo shall pay to Manitowoc ParentCo EPC the amount amount, if any, allocable to the SpinCo Group under the provisions of Article IISection 2, and if SpinCo is the Responsible Company, then Manitowoc ParentCo EPC shall pay to SpinCo the amount allocable to the Manitowoc ParentCo EPC Group under the provisions of Article IISection 2, in each case, plus interest computed at the Applicable Interest Prime Rate on the amount of the payment based on the number of days from the earlier of (i) the due date of the Tax Return (including extensions) or (ii) the date on which such Tax Return is filed, to the date of payment; provided, however, that no such interest shall become due and payable if such payment is made within 30 days following the relevant date.