Common use of Late Payments by the Corporate Taxpayer Clause in Contracts

Late Payments by the Corporate Taxpayer. The amount of all or any portion of any TRA Payment not made to the Holders when due under the terms of this Agreement (taking into account any deferral under Section 5.3) shall be payable together with any interest thereon, computed at the Default Rate and commencing from the date on which such TRA Payment was due and payable.

Appears in 4 contracts

Samples: Tax Receivable Agreement, Tax Receivable Agreement (Hostess Brands, Inc.), Tax Receivable Agreement (Gores Holdings, Inc.)

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Late Payments by the Corporate Taxpayer. The amount of all or any portion of any TRA Payment not made to the Holders Stockholders when due under the terms of this Agreement (taking into account any deferral under Section 5.3) shall be payable together with any interest thereon, computed at the Default Rate and commencing from the date on which such TRA Payment was due and payable.

Appears in 3 contracts

Samples: Tax Receivable Agreement (VERRA MOBILITY Corp), Agreement and Plan of Merger (Gores Holdings II, Inc.), Tax Receivable Agreement (Gores Holdings II, Inc.)

Late Payments by the Corporate Taxpayer. The amount of all or any portion of any TRA Payment not made to the Holders Stockholders when due under the terms of this Agreement (taking into account any deferral under Section Sections 3.2 or 5.3) shall be payable together with any interest thereon, computed at the Default Rate and commencing from the date on which such TRA Payment was due and payable.

Appears in 1 contract

Samples: Tax Receivable Agreement (Vertiv Holdings Co)

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Late Payments by the Corporate Taxpayer. The amount of all or any portion of any TRA Payment not made to the Holders when due under the terms of this Agreement (taking into account any deferral under Section 5.3‎5.3) shall be payable together with any interest thereon, computed at the Default Rate and commencing from the date on which such TRA Payment was due and payable.

Appears in 1 contract

Samples: Transaction Agreement and Plan of Merger (Sentinel Energy Services Inc.)

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