Common use of Payment of Liability With Respect to Tax Due Clause in Contracts

Payment of Liability With Respect to Tax Due. Each Party allocated Taxes shown on a Tax Return to be filed in accordance with Article II and responsible for the payment of such Taxes under this Agreement shall, at least two (2) Business Days prior to the Due Date for filing any such Tax Return, pay such amount to the Party responsible for filing such Tax Return in accordance with the terms of this Agreement. For the avoidance of doubt, however, the obligation described under this Section 4.1(a) shall not commence prior to the date the other Party first was given the opportunity to exercise any review rights available to it with respect to the relevant Tax Return (whether under Article II or otherwise) or the date any dispute with respect to such Tax Return is resolved pursuant to Section 2.4(c), nor shall interest accrue during any such time period.

Appears in 5 contracts

Samples: Tax Matters Agreement (Aaron's Company, Inc.), Tax Matters Agreement (Aaron's SpinCo, Inc.), Tax Matters Agreement (Aaron's SpinCo, Inc.)

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