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. The Responsible Company shall compute the amount of Taxes with respect to such Tax Return for which the other Company is liable under the provisions of 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 of Taxes with respect to such Tax Return for which the other Company is liable under the provisions of Article 2 within thirty (30) 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 relevant Payment Date.