Common use of Subsequent Adjustment - Repayment Clause in Contracts

Subsequent Adjustment - Repayment. In the event that the amount of Excise Tax you are required to pay is subsequently determined to be less than the amount taken into account under this Agreement, you agree that promptly after the amount of such reduction in Excise Tax is finally determined, you will repay to the Company, at 6% interest from the date of the Gross-Up Payment, the amount of such reduction, plus the net federal income tax benefit, if any, you actually will receive (in the opinion of Outside Tax Counsel) as a result of making the repayment described in this Section 4(d).

Subsequent Adjustment - Repayment. In the event that the amount of Excise Tax you are required to pay is subsequently determined to be less than the amount taken into account under this Agreement, you agree that promptly after the amount of such reduction in Excise Tax is finally determined, you will repay to the CompanyBancorp, at 6% interest from the date of the Gross-Up Paymentwithout interest, the amount of such reduction, plus the net federal income tax benefit, if any, you actually will receive (in the opinion of Outside Tax Counsel) as a result of making the repayment described in this Section 4(d5(d).

Subsequent Adjustment - Repayment. In the event that the amount of Excise Tax you are required to pay is subsequently determined to be less than the amount taken into account under this Agreement, you agree that promptly after the amount of such reduction in Excise Tax is finally determined, you will repay to the CompanyBancorp, at 6% interest from the date of the Gross-Up Paymentwithout interest, the amount of such reduction, plus the net federal income tax benefit, if any, you actually will receive (in the opinion of Outside Tax Counsel) as a result of making the repayment described in this Section 4(d)2.4.6.

Subsequent Adjustment - Repayment. In the event that the amount of Excise Tax you are required to pay is subsequently determined to be less than the amount taken into account under this Agreement, you agree that promptly after the amount of such reduction in Excise Tax is finally determined, you will repay to the Company, at 6% interest from the date of the Gross-Up Paymentwithout interest, the amount of such reduction, plus the net federal income tax benefit, if any, you actually will receive (in the opinion of Outside Tax Counsel) as a result of making the repayment described in this Section 4(d).