Increases to Tax. REI (or its successor REGCO) shall pay to the appropriate Tax Authority when due all increases in Tax for such Pre-Distribution Period or Straddle Period that occur as a result of such Redetermination, and (A) within 15 days of making any payment under Section 5.3(b)(i), REI shall provide UNREGCO notice of the amounts of payment to be made between UNREGCO and REI (or its successor REGCO) of UNREGCO's allocable share of the Tax under Section 4 after the amounts required to be paid pursuant to Section 4 are recomputed, and (B) within 15 days of receiving the notice referred to in Section 5.3(i)(A), UNREGCO shall pay REI (or its successor REGCO) an amount equal to the increase, if any, in UNREGCO's allocable share of Tax under Section 4 referred to in Section 5.3(b)(i)(A). (C) If UNREGCO disagrees with an item of information provided on the notice referred to in Section 5.3(b)(i)(A), UNREGCO may invoke the resolution procedures of Section 8.3.
Appears in 2 contracts
Sources: Tax Allocation Agreement (Reliant Resources Inc), Tax Allocation Agreement (Reliant Energy Resources Corp)