Common use of Estimated Taxes Clause in Contracts

Estimated Taxes. If in any Tax Year Parent believes in good faith that any Subsidiary will be obligated to make payment to Parent pursuant to this Section, such Subsidiary may be required by Parent to pay such amounts as would be necessary to make estimated payments to the tax authorities in respect of its federal and/or state and local income and franchise tax liability.

Appears in 6 contracts

Samples: Tax Sharing Agreement (Nationwide Life Ins Co), Tax Sharing Agreement (Nationwide Life Insurance Co), Tax Sharing Agreement (Nationwide Life Insurance Co)

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