Common use of Computation and Payment of Liability With Respect To Tax Due Clause in Contracts

Computation and Payment of Liability With Respect To Tax Due. Within ten (10) Business Days following the earlier of (i) the due date (including extensions) for filing any such Tax Return described in Section 3.01(a) (excluding any Tax Return with respect to payment of estimated Taxes or Taxes due with a request for extension of time to file) or (ii) the date on which such Tax Return is filed, if a member of the Remainco Group is the Responsible Company, then Merger Partner shall pay to Remainco the amount allocable to the Spinco Group under the provisions of this Agreement, and if a member of the Merger Partner Group is the Responsible Company, then Remainco shall pay to Merger Partner the amount allocable to the Remainco Group under the provisions of this Agreement. Such period shall not commence unless and until the Responsible Company notifies the other Company pursuant to Section 3.01(a) and interest shall not accrue during any time period where such notification has not been received.

Computation and Payment of Liability With Respect To Tax Due. Within ten fifteen (1015) Business Days days following the earlier of (i) the due date (including extensions) for filing any such Tax Return described in Section 3.01(a) (excluding any Tax Return with respect to payment of estimated Taxes or Taxes due with a request for extension of time to file) or (ii) the date on which such Tax Return is filed, if a member of the Remainco Group is the Responsible Company, then Merger Partner Spinco shall pay to Remainco the amount allocable to the Spinco Group under the provisions of this Agreement, and if a member of the Merger Partner Group Spinco is the Responsible Company, then Remainco shall pay to Merger Partner Spinco the amount allocable to the Remainco Group under the provisions of this Agreement. Such For the avoidance of doubt, however, the thirty (30) day period described herein shall not commence unless and until the Responsible Company notifies the other Company pursuant to Section 3.01(a4.01(a) and hereof, nor shall interest shall not accrue during any time period where such notification has not been received.

Computation and Payment of Liability With Respect To Tax Due. Within ten (10) Business Days following the earlier of (i) the due date (including extensions) for filing any such Tax Return described in Section 3.01(a) (excluding any Tax Return with respect to payment of estimated Taxes or Taxes due with a request for extension of time to file) or (ii) the date on which such Tax Return is filed, if a member of the Remainco Group is the Responsible Company, then Merger Partner Buyer shall pay pay, or cause to be paid, to Remainco the amount allocable to the Spinco Group under the provisions of this Agreement, and if a member of the Merger Partner Buyer Group is the Responsible Company, then Remainco shall pay pay, or cause to Merger Partner be paid, to Buyer the amount allocable to the Remainco Group under the provisions of this Agreement. Such period shall not commence unless and until the Responsible Company notifies the other Company pursuant to Section 3.01(a) and interest shall not accrue during any time period where such notification has not been received.