Common use of Actual Interest Amount Clause in Contracts

Actual Interest Amount. The “Actual Interest Amount,” calculated in respect of the Net Tax Benefit for a Taxable Year, shall be an amount equal to interest calculated at the Agreed Rate from the due date (without extensions) for filing the U.S. federal income Tax Return of the Corporation for such Taxable Year until the date on which the Corporation makes a timely Tax Benefit Payment to the TRA Holder on or before the Final Payment Date as determined pursuant to this Section 3.1.

Appears in 2 contracts

Samples: Operating Agreement (EG Acquisition Corp.), Tax Receivable Agreement (Flyexclusive Inc.)

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Actual Interest Amount. The “Actual Interest Amount,” calculated in respect of the Net Tax Benefit for a Taxable YearYear will equal, shall be an amount equal subject to Section 3.4, interest calculated at the Agreed Rate from the due date (without taking into account extensions) for filing the U.S. federal income Tax Return of the Corporation for such Taxable Year until the date on which the Corporation makes a timely Tax Benefit Payment to the TRA Holder Member on or before the Final Payment Date as determined pursuant to this Section 3.13.1(a).

Appears in 1 contract

Samples: Tax Receivable Agreement (GCM Grosvenor Inc.)

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Actual Interest Amount. The “Actual Interest Amount,” calculated in respect of the Net Tax Benefit for a Taxable Year, shall be will equal an amount equal to interest calculated at the Agreed Rate from the due date (without extensions) for filing the U.S. federal income Tax Return of the Corporation for such Taxable Year until the date on which the Corporation makes a timely Tax Benefit Payment to the TRA Holder on or before the Final Payment Date as determined pursuant to this Section 3.1.

Appears in 1 contract

Samples: Tax Receivable Agreement (Sky Harbour Group Corp)

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