Common use of Tax Payments for Prior Periods Clause in Contracts

Tax Payments for Prior Periods. To the extent that the tax liability initially allocated to AST for a prior tax period is subsequently redetermined, as a result of filing an amended return, the outcome of an IRS examination, the retroactive application of a new tax law or tax regulation, or other similar modifying action or item, AST shall pay AEIC for any such increases to AST's tax liability and is also entitled to receive a payment from AEIC for any decreases in tax liability attributable to AST.

Tax Payments for Prior Periods. To the extent that the tax liability initially allocated to AST ASIC for a prior tax period is subsequently redetermined, as a result of filing an amended return, the outcome of an IRS examination, the retroactive application of a new tax law or tax regulation, or other similar modifying action or item, AST ASIC shall pay AEIC ASFC for any such increases to ASTASIC's tax liability and is also entitled to receive a payment from AEIC ASFC for any decreases in tax liability attributable to ASTASIC.

Tax Payments for Prior Periods. To the extent that the tax liability initially allocated to AST ASLI for a prior tax period is subsequently redetermined, as a result of filing an amended return, the outcome of an IRS examination, the retroactive application of a new tax law or tax regulation, or other similar modifying action or item, AST ASLI shall pay AEIC ASIC for any such increases to ASTASLI's tax liability and is also entitled to receive a payment from AEIC ASIC for any decreases in tax liability attributable to ASTASLI.

Tax Payments for Prior Periods. To the extent that the tax liability initially allocated to AST ASL for a prior tax period is subsequently redetermined, as a result of filing an amended return, the outcome of an IRS examination, the retroactive application of a new tax law or tax regulation, or other similar modifying action or item, AST ASL shall pay AEIC ASIC for any such increases to ASTASL's tax liability and is also entitled to receive a payment from AEIC ASIC for any decreases in tax liability attributable to ASTASL.

Tax Payments for Prior Periods. To the extent that the tax liability initially allocated to AST ASP for a prior tax period is subsequently redetermined, as a result of filing an amended return, the outcome of an IRS examination, the retroactive application of a new tax law or tax regulation, or other similar modifying action or item, AST ASP shall pay AEIC ASIC for any such increases to ASTASP's tax liability and is also entitled to receive a payment from AEIC ASIC for any decreases in tax liability attributable to ASTASP.