Common use of Estimated Tax Payments Clause in Contracts

Estimated Tax Payments. (a) If estimated Tax payments are required with respect to a Consolidated Group for a Pre-Deconsolidation Period, MS shall pay, or cause to be paid, to the IRS, and/or to each relevant state and local Taxing Authority, on behalf of the members of such Consolidated Group, those estimated Tax payments that are due on the relevant dates prescribed by applicable law. On February 15 (or the proper due date under applicable law), MS shall pay to the IRS, and to each relevant state and local Taxing Authority, on behalf of the members of any Consolidated Group, the payment, if any, required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, as the case may be. Each Group’s share of such estimated Tax payments, and payments required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, shall be determined in a manner consistent with the methods set forth in Sections 3 and 4 of this Agreement. Reimbursement to MS of the MSCI Group’s share of any quarterly estimated tax payments or any payment made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, shall be made within twenty business days after receiving notice of such liability from MS. If the MSCI Group’s share of any estimated Tax payment is negative, MS shall reimburse MSCI within twenty business days after the due date under applicable law of such estimated tax payment. (b) Notwithstanding the provisions of Section 6(a), if MS requests in writing an advance reimbursement from the MSCI Group of the MSCI Group’s share of a quarterly estimated Tax payment or any payment required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, which request shall be not more than ten business days and not less than 5 business days prior to the due date of such payment, the MSCI Group shall reimburse MS not later than the due date of such estimated Tax payment.

Estimated Tax Payments. (a) If estimated Tax payments are required with respect to a Consolidated Group for a Pre-Deconsolidation Distribution Period, MS Distributing shall pay, or cause to be paid, to the IRS, and/or to each relevant state and local Taxing Authority, on behalf of the members of such Consolidated Group, those estimated Tax payments that are due on the relevant dates prescribed by applicable law. On February 15 (or the proper due date under applicable law)) of the year following the current tax year, MS Distributing shall pay to the IRS, and to each relevant state and local Taxing Authority, on behalf of the members of any Consolidated Group, the payment, if any, required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, as the case may be. Each Group’s share of such estimated Tax payments, and payments required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, shall be determined in a manner consistent with the methods set forth in Sections 3 and 4 of this Agreement. Reimbursement to MS Distributing of the MSCI Controlled Group’s share of any quarterly estimated tax payments or any payment made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, shall be made within twenty business days after receiving notice of such liability from MS. If the MSCI Group’s share of any estimated Tax payment is negative, MS shall reimburse MSCI within twenty business days after the due date under applicable law of such estimated tax paymentDistributing. (b) Notwithstanding the provisions of Section 6(a), if MS Distributing requests in writing an advance reimbursement from the MSCI Controlled Group of the MSCI Controlled Group’s share of a quarterly estimated Tax payment or any payment required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, which request shall be not more than ten business days and not less than 5 business days prior to the due date of such payment, the MSCI Controlled Group shall reimburse MS Distributing not later than the due date of such estimated Tax payment. (c) If the Controlled Group is a Loss Group and if such net operating loss would decrease overall consolidated, combined or unitary Taxable income in respect of the Consolidated Group, Distributing shall pay to the Controlled Group an amount equal to the difference between the Tax liability of the Distributing Group and the amounts paid to the respective Taxing Authorities 5 business days after all such payments are due to the Taxing Authorities.

Estimated Tax Payments. (a) If estimated Tax payments are required with respect to a Consolidated Group for a Pre-Deconsolidation Period, MS FRP shall pay, or cause to be paid, to the IRS, and/or to each relevant state state, local and local foreign Taxing Authority, on behalf of the members of such Consolidated Group, those estimated Tax payments that are due on the relevant dates prescribed by applicable law. On February December 15 (or the proper due date under applicable law)) of the year following the current Tax year, MS FRP shall pay to the IRS, and to each relevant state state, local and local foreign Taxing Authority, on behalf of the members of any Consolidated Group, the payment, if any, required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, as the case may be. Each Group’s share of such estimated Tax payments, and payments required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, shall be determined in a manner consistent with the methods set forth in Sections 3 3, 4 and 4 5 of this Agreement. Reimbursement to MS FRP of the MSCI Patriot Group’s share of any quarterly estimated tax payments or any payment made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, shall be made in immediately available funds within twenty 20 business days after receiving notice of such liability from MS. If the MSCI Group’s share of any estimated Tax payment is negative, MS shall reimburse MSCI within twenty business days after the due date under applicable law of such estimated tax paymentFRP. (b) Notwithstanding the provisions of Section 6(a), if MS FRP requests in writing an advance reimbursement from the MSCI Patriot Group of the MSCI Patriot Group’s share of a quarterly estimated Tax payment or any payment required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, which request shall be not more than ten 10 business days and not less than 5 business days prior to the due date of such payment, the MSCI Patriot Group shall reimburse MS FRP not later than the due date of such estimated Tax payment.

Estimated Tax Payments. (a) If estimated Tax payments are required with respect to a Consolidated Group for a Pre-Deconsolidation Period, MS Distributing shall pay, or cause to be paid, to the IRS, and/or to each relevant state state, local and local foreign Taxing Authority, on behalf of the members of such Consolidated Group, those estimated Tax payments that are due on the relevant dates prescribed by applicable law. On February March 15 (or the proper due date under applicable law)) of the year following the current Tax year, MS Distributing shall pay to the IRS, and to each relevant state state, local and local foreign Taxing Authority, on behalf of the members of any Consolidated Group, the payment, if any, required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, as the case may be. Each Group’s share of such estimated Tax payments, and payments required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, shall be determined in a manner consistent with the methods set forth in Sections 3 3, 4 and 4 5 of this Agreement. Reimbursement to MS Distributing of the MSCI Controlled Group’s share of any quarterly estimated tax payments or any payment made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, shall be made within twenty 20 business days after receiving notice of such liability from MS. If the MSCI Group’s share of any estimated Tax payment is negative, MS shall reimburse MSCI within twenty business days after the due date under applicable law of such estimated tax paymentDistributing. (b) Notwithstanding the provisions of Section 6(a), if MS Distributing requests in writing an advance reimbursement from the MSCI Controlled Group of the MSCI Controlled Group’s share of a quarterly estimated Tax payment or any payment required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, which request shall be not more than ten 10 business days and not less than 5 business days prior to the due date of such payment, the MSCI Controlled Group shall reimburse MS Distributing not later than the due date of such estimated Tax payment.

Estimated Tax Payments. (a) If the Affiliated Group is required to make estimated Tax federal income tax payments are required with respect to a Consolidated Group (including payments due at the time any extension of time is sought for a Pre-Deconsolidation Period, MS shall pay, or cause to be paid, to the IRS, and/or to each relevant state and local Taxing Authority, on behalf filing of the members of such Consolidated Affiliated Group, those estimated Tax payments that are due on the relevant dates prescribed by applicable law. On February 15 (or the proper due date under applicable law's federal income tax return), MS shall Covanta shall, if requested by Parent, pay to Parent, no later than 2 business days before the IRS, and to date each relevant state and local Taxing Authority, on behalf of the members of any Consolidated Group, the payment, if any, required estimated tax payment is to be made with by Parent, that percentage of the estimated tax payment that equals the percentage which the estimated separate return tax liability of Covanta Subgroup bears to the sum of the Parties' estimated separate return tax liabilities for the taxable year computed as provided under Sections 2 and 3 above. Parent shall reasonably determine such estimates. If Covanta is required to make a request payment to Parent for an extension of time estimated taxes as provided in which the preceding sentence, each Subgroup Member shall, if requested by Covanta, pay to file Covanta, no later than 2 business days before the date Covanta is required to make a Consolidated Federal Return or a Consolidated State Returnpayment to Parent, as the case may be. Each Group’s share that percentage of such payment that equals the percentage which the estimated Tax payments, and payments required to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, shall be determined in a manner consistent with the methods set forth in Sections 3 and 4 of this Agreement. Reimbursement to MS of the MSCI Group’s share of any quarterly estimated separate return tax payments or any payment made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, shall be made within twenty business days after receiving notice liability of such Subgroup Member bears to the Covanta Subgroup's estimated separate return tax liability from MS. If for the MSCI Group’s share of any estimated Tax payment is negative, MS shall reimburse MSCI within twenty business days after the due date taxable year computed as provided under applicable law of such estimated tax paymentSections 2 and 3 above. (b) Notwithstanding Any estimated tax payments made by Covanta to Parent and by any Subgroup Member to Covanta under this Section 8 with respect to any taxable year shall be applied to reduce the provisions of Section 6(a)amount, if MS requests in writing an advance reimbursement from any, owed by Covanta and the MSCI Group of the MSCI Group’s share of a quarterly estimated Tax payment or any payment required Subgroup Member, as applicable, under Section 7 hereof with respect to be made with a request for an extension of time in which to file a Consolidated Federal Return or a Consolidated State Return, which request shall be not more than ten business days and not less than 5 business days prior to the due date of such payment, the MSCI Group shall reimburse MS not later than the due date year. Any excess of such estimated Tax paymentpayments by Covanta and the Subgroup Member, as applicable, over the amount described in Section 7 for such year shall be repaid by Parent to Covanta and by Covanta to the Subgroup Member, as applicable, no later than 10 business days after the date of filing of the consolidated federal tax return for such taxable year or, to the extent such excess represents all or a part of a tax refund to be received by the Affiliated Group, no later than 10 business days after the receipt of the refund.