Interest on Intergroup Tax Allocation Payments. In the case of any payments to Tenneco required under paragraph (b) of this subsection 5.01, Packaging Company shall also pay to Tenneco an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the applicable Payment Date to the date of payment. In the case of any payments by Tenneco required under paragraph (b) of this subsection 5.01, Tenneco shall also pay to Packaging Company an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the date of receipt of the Tax Benefit to the date of payment of such amount to Packaging Company.
5.02 Payment of Federal Income Tax Related to Adjustments.
Interest on Intergroup Tax Allocation Payments. In the case of any payments required under paragraph (b) of this subsection 5.01, the payor shall also pay to the payee an amount of interest computed at the Prime Rate on the amount of the payment required under paragraph (b), as applicable, based on the number of days from the applicable Payment Date to the date of payment of the amount determined under such paragraph (b).
Interest on Intergroup Tax Allocation Payments. In the case of any payments to Tenneco required under paragraphs (b) or (c) of this subsection 5.01, the payor shall also pay to Tenneco an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the applicable Payment Date to the date of payment. In the case of any payments by Tenneco required under paragraphs (b) or (c) of this subsection 5.01, Tenneco shall also pay to the payee an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the date of receipt of the Tax Benefit to the date of payment of such amount to the payee.
Interest on Intergroup Tax Allocation Payments. In the case of any payments to NDC required under paragraph (b) of this Section 5.1, Newco also shall pay to NDC an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the applicable Payment Date until the date of Newco's subsequent payment. In the case of any payments by NDC required under paragraph (b) of this Section 5.1, NDC also shall pay to Newco an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the applicable Payment Date until the date of NDC's subsequent payment of such amount to Newco.
Interest on Intergroup Tax Allocation Payments. In the case of any payments to SPX required under paragraph (b) of this Section 5.1, INRANGE shall also pay to SPX an amount of interest computed at the Interest Rate on the amount of the payment required based on the number of days from the applicable Payment Date until the date of INRANGE's subsequent payment. In the case of any payments by SPX required under paragraph (b) of this Section 5.1, SPX shall also pay to INRANGE an amount of interest computed at the Interest Rate on the amount of the payment required based on the number of days from the applicable Payment Date until the date of SPX's subsequent payment of such amount to INRANGE.
Interest on Intergroup Tax Allocation Payments. In the case of any payments to GS required under paragraph (b) of this subsection 5.01, Systems shall also pay to GS an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the applicable Payment Date to the date of payment. In the case of any payments by GS required under paragraph (b) of this subsection 5.01, GS shall also pay to the payee an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the date of receipt of the Tax Benefit to the date of payment of such amount to the payee.
Interest on Intergroup Tax Allocation Payments. In the case of any payments to ICN required under paragraph (b) of this Section 5.1, Ribapharm shall also pay to ICN an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the applicable Payment Date until the date of Ribapharm's subsequent payment. In the case of any payments by ICN required under paragraph (b) of this Section 5.1, ICN shall also pay to Ribapharm an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the applicable Payment Date until the date of ICN's subsequent payment of such amount to Ribapharm.
Interest on Intergroup Tax Allocation Payments. In the case of any payments to ICN required under paragraph (b) of this Section 5.1, RIBAPHARM shall also pay to ICN an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the applicable Payment Date until the date of RIBAPHARM's subsequent payment. In the case of any payments by ICN required under paragraph (b) of this Section 5.1, ICN shall also pay to RIBAPHARM an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the applicable Payment Date until the date of ICN's subsequent payment of such amount to RIBAPHARM.
Interest on Intergroup Tax Allocation Payments. In the case of any payments to Distributing required under paragraph (b) of this subsection 5.1, Controlled shall also pay to Distributing an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the applicable Payment Date to the date of
Interest on Intergroup Tax Allocation Payments. In the case of any payments to Tenneco required under paragraphs (b) or (c) of this subsection 5.01, the payor shall also pay to Tenneco an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the applicable Payment Date to the date of payment. In the case of any payments by Tenneco required under paragraphs (b) or (c) of this subsection 5.01, Tenneco shall also pay to the payee an amount of interest computed at the Prime Rate on the amount of the payment required based on the number of days from the date of receipt of the Tax Benefit to the date of payment of such amount to the payee. 5.02 Payment of Federal Income Tax Related to Adjustments (a) Adjustments Resulting in Underpayments. Tenneco shall pay to the Internal Revenue Service when due any additional Federal Income Tax required to be paid as a result of any adjustment to the Tax liability with respect to any Tenneco Federal Consolidated Return for any Pre-Distribution Period. The Responsible Company shall compute the amount attributable to Industrial Group and the Shipbuilding Group in accordance with Section 2.02(b) and Industrial Company and Shipbuilding Company shall pay to Tenneco any amount due Tenneco under Section 2.02(b) within 30 days from the later of (i) the date the additional Tax was paid by Tenneco or (ii) the date of receipt by Industrial Company or Shipbuilding Company (as applicable) of a written notice and demand from Tenneco for payment of the amount due, accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particulars relating thereto. Any amount due to Industrial Company or Shipbuilding Company under Section 2.02(b) shall be paid within 30 days from the date the additional Tax was paid by Tenneco to the Internal 14
