Common use of Tax Gross-Up Amount Clause in Contracts

Tax Gross-Up Amount. Interconnection Customer's liability for the cost consequences of any current tax liability under this Article 5.17 shall be calculated on a fully grossed-up basis. Except as may otherwise be agreed to by the parties, this means that Interconnection Customer will pay Distribution Provider, in addition to the amount paid for the Interconnection Facilities, Distribution Upgrades, and Network Upgrades, an amount equal to (1) the current taxes imposed on Distribution Provider (“Current Taxes”) on the excess of (a) the gross income realized by Distribution Provider as a result of payments or property transfers made by Interconnection Customer to Distribution Provider under this GIA (without regard to any payments under this Article 5.17) (the “Gross Income Amount”) over (b) the present value of future tax deductions for depreciation that will be available as a result of such payments or property transfers (the “Present Value Depreciation Amount”), plus (2) an additional amount sufficient to permit

Tax Gross-Up Amount. Interconnection Customer's ’s liability for the cost consequences of any current tax liability under this Article 5.17 shall be calculated on a fully grossed-up basis. Except as may otherwise be agreed to by the parties, this means that Interconnection Customer will pay Distribution ProviderTransmission Owner, in addition to the amount paid for the Interconnection Facilities, Distribution Upgrades, Attachment Facilities and Network System Upgrade Facilities and System Deliverability Upgrades, an amount equal to (1) the current taxes imposed on Distribution Provider Transmission Owner (“Current Taxes”) on the excess of (a) the gross income realized by Distribution Provider Transmission Owner as a result of payments or property transfers made by Interconnection Customer to Distribution Provider Transmission Owner under this GIA Agreement (without regard to any payments under this Article 5.17) (the “Gross Income Amount”) over (b) the present value of future tax deductions for depreciation that will be available as a result of such payments or property transfers (the “Present Value Depreciation Amount”), plus (2) an additional amount sufficient to permitplus

Tax Gross-Up Amount. Interconnection Customer's ’s liability for the cost consequences of any current tax liability under this Article 5.17 shall be calculated on a fully grossed-grossed- up basis. Except as may otherwise be agreed to by the parties, this means that Interconnection Customer will pay Distribution ProviderInterconnecting Transmission Owner, in addition to the amount paid for the Interconnection Facilities, Distribution Upgrades, Facilities and Network Upgrades, an amount equal to (1) the current taxes imposed on Distribution Provider Interconnecting Transmission Owner (“Current Taxes”) on the excess of (a) the gross income realized by Distribution Provider Interconnecting Transmission Owner as a result of payments or property transfers made by Interconnection Customer to Distribution Provider Interconnecting Transmission Owner under this GIA LGIA (without regard to any payments under this Article 5.17) (the “Gross Income Amount”) over (b) the present value of future tax deductions for depreciation that will be available as a result of such payments or property transfers (the “Present Value Depreciation Amount”), plus (2) an additional amount sufficient to permitpermit the Interconnecting Transmission Owner to receive and

Tax Gross-Up Amount. Interconnection Customer's ’s liability for the cost consequences of any current tax liability under this Article 5.17 shall be calculated on a fully grossed-up basis. Except as may otherwise be agreed to by the parties, this means that Interconnection Customer will pay Distribution ProviderInterconnecting Transmission Owner, in addition to the amount paid for the Interconnection Facilities, Distribution Upgrades, Facilities and Network Upgrades, an amount equal to (1) the current taxes imposed on Distribution Provider Interconnecting Transmission Owner (“Current Taxes”) on the excess of (a) the gross income realized by Distribution Provider Interconnecting Transmission Owner as a result of payments or property transfers made by Interconnection Customer to Distribution Provider Interconnecting Transmission Owner under this GIA LGIA (without regard to any payments under this Article 5.17) (the “Gross Income Amount”) over (b) the present value of future tax deductions for depreciation that will be available as a result of such payments or property transfers (the “Present Value Depreciation Amount”), plus (2) an additional amount sufficient to permitpermit the Interconnecting Transmission Owner to receive and retain, after the payment of all Current Taxes, an amount equal to the net amount described in clause (1).

Tax Gross-Up Amount. Interconnection Customer's ’s liability for the cost consequences of any current tax liability under this Article 5.17 shall be calculated on a fully grossed-up basis. Except as may otherwise be agreed to by the parties, this means that Interconnection Customer will pay Distribution ProviderInterconnecting Transmission Owner, in addition to the amount paid for the Interconnection Facilities, Distribution Upgrades, Facilities and Network Upgrades, an amount equal to (1) the current taxes imposed on Distribution Provider Interconnecting Transmission Owner (“Current Taxes”) on the excess of (a) the gross income realized by Distribution Provider Interconnecting Transmission Owner as a result of payments or property transfers made by Interconnection Customer to Distribution Provider Interconnecting Transmission Owner under this GIA LGIA (without regard to any payments under this Article 5.17) (the “Gross Income Amount”) over (b) the present value of future tax deductions for depreciation that will be available as a result of such payments or property transfers (the “Present Value Depreciation Amount”), plus (2) an additional amount sufficient to permitDepreciation

Tax Gross-Up Amount. Interconnection Customer's liability for the cost consequences of any current tax liability under this Article 5.17 shall be calculated on a fully grossed-up basis. Except as may otherwise be agreed to by the parties, this means that Interconnection Customer will pay Distribution Provider, in addition to the amount paid for the Interconnection Facilities, Distribution Upgrades, and Network Upgrades, an amount equal to (1) the current taxes imposed on Distribution Provider (“Current Taxes”) on the excess of (a) the gross income realized by Distribution Provider as a result of payments or property transfers made by Interconnection Customer to Distribution Provider under this GIA LGIA (without regard to any payments under this Article 5.17) (the “Gross Income Amount”) over (b) the present value of future tax deductions for depreciation that will be available as a result of such payments or property transfers (the “Present Value Depreciation Amount”), plus (2) an additional amount sufficient to permitpermit Distribution Provider to receive and retain, after the payment of all Current Taxes, an amount equal to the net amount described in clause (1).

Tax Gross-Up Amount. Interconnection Customer's liability for the cost consequences of any current tax liability under this Article 5.17 shall be calculated on a fully grossed-up basis. Except as may otherwise be agreed to by the parties, this means that Interconnection Customer will pay Distribution Provider, in addition to the amount paid for the Interconnection Facilities, Distribution Upgrades, and Network Upgrades, an amount equal to (1) the current taxes imposed on Distribution Provider (“Current Taxes”) on the excess of (a) the gross income realized by Distribution Provider as a result of payments or property transfers made by Interconnection Customer to Distribution Provider under this GIA CLGIA (without regard to any payments under this Article 5.17) (the “Gross Income Amount”) over (b) the present value of future tax deductions for depreciation that will be available as a result of such payments or property transfers (the “Present Value Depreciation Amount”), plus (2) an additional amount sufficient to permitpermit Distribution Provider to receive and retain, after the payment of all Current Taxes, an amount equal to the net amount described in clause (1).