Common use of Federal Tax Payments Clause in Contracts

Federal Tax Payments. (a) With respect to each Consolidated Return Year, the Designated Official shall estimate and assess or pay to Members of the Consolidated Group their share of estimated tax payments to be made on a projected consolidated federal income tax return for each year. In making this determination, AGL Resources shall elect a method for determining estimated tax and each Member shall follow that method. Such Members will pay, to AGL Resources or be paid by AGL Resources, such estimates not later than the 15th day of the 4th, 6th, 9th and 12th months of such Consolidated Return Year. With respect to any extension payment, the Designated Official shall estimate and assess or pay to Members of the Consolidated Group their share of such extension payment. The difference between (1) a Member's estimated tax payments used for computation of the quarterly estimated payments plus their extension payments and (2) such Member's actual Tax Liability for any Consolidated Return Year as determined under Section 2.1(b) hereof, shall be paid to AGL Resources or by AGL Resources within sixty (60) days after the filing of the consolidated federal income tax return.

Federal Tax Payments. (a) With respect to each Consolidated Return Year, the Designated Official of Dominion Resources, Inc. shall estimate and assess or pay to Members of the Consolidated Group their share of estimated tax payments to be made on a projected consolidated federal income tax return for each year. In making this determination, AGL Resources DRI shall elect a method for determining estimated tax and each Member shall follow that method. Such Members will pay, to AGL Resources DRI or be paid by AGL ResourcesDRI, such estimates not later than the 15th day of the 4th, 6th, 9th and 12th months of such Consolidated Return Year. With respect to any extension payment, the Designated Official of Dominion Resources, Inc. shall estimate and assess or pay to Members of the Consolidated Group their share of such extension payment. The difference between (1) a Member's estimated tax payments used for computation of the quarterly estimated payments plus their extension payments and (2) such Member's actual Tax Liability for any Consolidated Return Year as determined under Section 2.1(b) hereof, shall be paid to AGL Resources DRI or by AGL Resources DRI within sixty (60) days after the filing of the consolidated federal income tax return.

Federal Tax Payments. (a) With respect to each Consolidated -------------------- Return Year, the Designated Official of FirstEnergy shall estimate and assess or pay to Members of the Consolidated Group their share of estimated tax payments to be made on a projected consolidated federal income tax return for each year. In making this determination, AGL Resources FirstEnergy shall elect a method for determining estimated tax and each Member shall follow that method. Such Members will pay, to AGL Resources FirstEnergy or be paid by AGL ResourcesFirstEnergy, such estimates not later than the 15th day of the 4th, 6th, 9th and 12th months of such Consolidated Return Year. With respect to any extension payment, the Designated Official of FirstEnergy shall estimate and assess or pay to Members of the Consolidated Group their share of such extension payment. The difference between (1) a Member's estimated tax payments used for computation of the quarterly estimated payments plus their extension payments and (2) such Member's actual Tax Liability for any Consolidated Return Year as determined under Section 2.1(b) hereof, shall be paid to AGL Resources FirstEnergy or by AGL Resources FirstEnergy within sixty (60) days after the filing of the consolidated federal income tax return.

Federal Tax Payments. (a) With respect to each Consolidated Return Year, the Designated Official of FirstEnergy shall estimate and assess or pay to Members of the Consolidated Group their share of estimated tax payments to be made on a projected consolidated federal income tax return for each year. In making this determination, AGL Resources FirstEnergy shall elect a method for determining estimated tax and each Member shall follow that method. Such Members will pay, to AGL Resources FirstEnergy or be paid by AGL ResourcesFirstEnergy, such estimates not later than the 15th day of the 4th, 6th, 9th and 12th months of such Consolidated Return Year. With respect to any extension payment, the Designated Official of FirstEnergy shall estimate and assess or pay to Members of the Consolidated Group their share of such extension payment. The difference between (1) a Member's ’s estimated tax payments used for computation of the quarterly estimated payments plus their extension payments and (2) such Member's ’s actual Tax Liability for any Consolidated Return Year as determined under Section 2.1(b) hereof, shall be paid to AGL Resources FirstEnergy or by AGL Resources FirstEnergy within sixty (60) days after the filing of the consolidated federal income tax return.

Federal Tax Payments. (a) With respect to each Consolidated Return Year, the Designated Official of FirstEnergy shall estimate and assess or pay to Members of the Consolidated Group their share of estimated tax payments to be made on a projected consolidated federal income tax return for each year. In making this determination, AGL Resources FirstEnergy shall elect a method for determining estimated tax and each Member shall follow that method. Such Members will pay, to AGL Resources FirstEnergy or be paid by AGL ResourcesFirstEnergy, such estimates not later than the 15th day of the 4th, 6th, 9th and 12th months of such Consolidated Return Year. With respect to any extension payment, the Designated Official of FirstEnergy shall estimate and assess or pay to Members of the Consolidated Group their share of such extension payment. The difference between (1) a Member's estimated tax payments used for computation of the quarterly estimated payments plus their extension payments and (2) such Member's actual Tax Liability for any Consolidated Return Year as determined under Section 2.1(b) hereof, shall be paid to AGL Resources FirstEnergy or by AGL Resources FirstEnergy within sixty (60) days after the filing of the consolidated federal income tax return.