Common use of Determination and Timing Clause in Contracts

Determination and Timing. During and following a taxable year in which a Subsidiary is included in a consolidated federal income tax return with ING, it shall pay to ING, or receive from ING, as the case may be, installment payments of the amount determined pursuant to section 1 of this Agreement. Payments shall take place on the dates, on the bases of calculations, and in amounts that produce cumulative installments, as follows:

Appears in 2 contracts

Samples: Tax Sharing Agreement (Ing Usa Annuity & Life Insurance Co), Tax Sharing Agreement (Ing Life Insurance & Annuity Co)

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Determination and Timing. During and following a taxable year in which a Subsidiary is included in a consolidated federal income tax return with INGING U.S., it shall pay to INGING U.S., or receive from INGING U.S., as the case may be, installment payments of the amount determined pursuant to section 1 of this Agreement. Payments shall take place on the dates, on the bases of calculations, and in amounts that produce cumulative installments, as follows:

Appears in 2 contracts

Samples: Federal Income Tax Sharing Agreement (Ing Life Insurance & Annuity Co), Federal Income Tax Sharing Agreement (Ing Usa Annuity & Life Insurance Co)

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