Common use of Time of Determination Clause in Contracts

Time of Determination. Credits and Charges to the Intercompany -------------------------------------------------------------- Accounts. The estimated Federal Tax Benefit and Federal Tax Liability of --------- each Subgroup shall be calculated by TCI as promptly as practicable after the close of each calendar quarter in each taxable year, and the appropriate credits or charges made to the Intercompany Accounts. As soon as practicable after the close of each taxable year, TCI shall determine the final Federal Tax Benefit or final Federal Tax Liability of such Subgroup for such taxable year and shall: a. credit the Intercompany Account of the Subgroup Parent of such Subgroup with the amount by which: (1) such final Federal Tax Benefit for such taxable year exceeds the aggregate credits for estimated Federal Tax Benefits made to such Intercompany Account with respect to such Subgroup for such taxable year, or (2) the aggregate charges for estimated Federal Tax Liability made to such Intercompany Account with respect to such Subgroup for such taxable year exceed such final Federal Tax Liability for such taxable year; and b. charge the Intercompany Account of the Subgroup Parent of such Subgroup with the amount by which: (1) the aggregate credits for estimated Federal Tax Benefits made to such Intercompany Account with respect to such Subgroup for such taxable year exceed such final Federal Tax Benefit for such taxable year; or (2) such final Federal Tax Liability for such taxable year exceeds the aggregate charges for estimated Federal Tax Liability made to such Intercompany Account with respect to such Subgroup for such taxable year. For purposes of this Section C.4., for the first two calendar quarters of 1995, the Intercompany Account of such Subgroup Parent shall be deemed to have been credited or charged, as the case may be, with the estimated Federal Tax Benefit or Federal Tax Liability for which such Subgroup Parent's Subgroup was credited or charged with respect to such calendar quarters in connection with the preparation of the financial statements of such Subgroup for such calendar quarters.

Time of Determination. Credits and Charges to the Intercompany -------------------------------------------------------------- Accounts. The estimated Federal Tax Benefit and Federal Tax Liability of each --------- each Subgroup Member shall be calculated by TCI as promptly as practicable after the close of each calendar quarter in each taxable year, and the appropriate credits or charges made to the Intercompany Accounts. As soon as practicable after the close of each taxable year, TCI shall determine the final Federal Tax Benefit or final Federal Tax Liability of such Subgroup Member for such taxable year and shall: a. credit the Intercompany Account of the Subgroup Parent of such Subgroup Member with the amount by which: (1) such final Federal Tax Benefit for such taxable year exceeds the aggregate credits for estimated Federal Tax Benefits made to such Intercompany Account with respect to such Subgroup Member for such taxable year, or (2) the aggregate charges for estimated Federal Tax Liability made to such Intercompany Account with respect to such Subgroup Member for such taxable year exceed such final Federal Tax Liability for such taxable year; and b. charge the Intercompany Account of the Subgroup Parent of such Subgroup Member with the amount by which: (1) the aggregate credits for estimated Federal Tax Benefits made to such Intercompany Account with respect to such Subgroup Member for such taxable year exceed such final Federal Tax Benefit for such taxable year; or (2) such final Federal Tax Liability for such taxable year exceeds the aggregate charges for estimated Federal Tax Liability made to such Intercompany Account with respect to such Subgroup Member for such taxable year. For purposes of this Section C.4., for the first two calendar quarters of 1995, the Intercompany Account of such each Subgroup Parent shall be deemed to have been credited or charged, as the case may be, with the estimated Federal Tax Benefit or Federal Tax Liability for which each member of such Subgroup Parent's Subgroup was credited or charged with respect to such calendar quarters in connection with the preparation of the financial statements of such Subgroup Member for such calendar quarters.