Common use of Payment of Refunds and other Tax Benefits Clause in Contracts

Payment of Refunds and other Tax Benefits. (a) Except as otherwise provided in this Agreement, if a member of one Group receives a Tax refund or other Tax Benefit with respect to Taxes for which a member of the other Group is liable hereunder, the Company receiving such Tax refund or other Tax Benefit shall make a payment to the Company who is liable for such Taxes hereunder within 30 days following the receipt of the Tax refund or other Tax Benefit in an amount equal to such Tax refund or other Tax Benefit, plus interest on such amount computed at the Prime Rate based on the number of days from the date of receipt of the Tax refund or other Tax Benefit to the date of payment under this Section 5.8.

Payment of Refunds and other Tax Benefits. (a) Except as otherwise provided in this Agreement, if a member of one Group receives a Tax refund or other Tax Benefit with respect to Taxes for which a member of the other Group is liable hereunder, the Company receiving such Tax refund or other Tax Benefit shall make a payment to the Company who is liable for such Taxes hereunder within 30 days following the receipt of the Tax refund or other Tax Benefit in an amount equal to such Tax refund or other Tax Benefitrefund, plus interest on such amount computed at the Prime Rate based on the number of days from the date of receipt of the Tax refund or other Tax Benefit to the date of payment under this Section 5.8.