Common use of Adjustments Resulting in Underpayments Clause in Contracts

Adjustments Resulting in Underpayments. In the case of any adjustment pursuant to a Final Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax due with respect to such Tax Return required to be paid as a result of such adjustment pursuant to a Final Determination. The Responsible Company shall compute the amount attributable to the Enterprise Group in accordance with Section 2 and Enterprise shall pay to HP any amount due HP (or HP shall pay Enterprise any amount due Enterprise) under Section 2 within thirty (30) Business Days from the later of (i) the date the additional Tax was paid by the Responsible Company or, in an instance where no cash payments is due to a Tax Authority, the date of such Final Determination, or (ii) the date of receipt of a written notice and demand from the Responsible Company for payment of the amount due, accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particulars relating thereto. Any payments required under this Section 4.01(c) shall include interest computed at the Prime Rate based on the number of days from the date the additional Tax was paid by the Responsible Company (or, in an instance where no cash payments is due to a Tax Authority, the date of such Final Determination) to the date of the payment under this Section 4.01(c).

Adjustments Resulting in Underpayments. In the case of any adjustment pursuant to a Final Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax due with respect to such Tax Return required to be paid as a result of such adjustment pursuant to a such Final Determination. The Responsible Company shall compute the amount attributable to the Enterprise Xxxxxxx Group or the Houston Group (as the case may be) in accordance with Section 2 this Agreement and Enterprise Xxxxxxx shall pay to HP Houston any amount due HP Houston (or HP Houston shall pay Enterprise Xxxxxxx any amount due EnterpriseXxxxxxx) under Section 2 this Agreement within thirty (30) Business Days from the later of (i) the date the additional Tax was paid by the Responsible Company or, in an instance where no cash payments payment is due to a Tax Authority, the date of such Final Determination, or (ii) the date of receipt of a written notice and demand from the Responsible Company for payment of the amount due, accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particulars relating thereto. Any payments required under this Section 4.01(c) shall include interest computed at the Prime Rate based on the number of days from the date the additional Tax was paid by the Responsible Company (or, in an instance where no cash payments payment is due to a Tax Authority, the date of such Final Determination) to the date of the payment under this Section 4.01(c).

Adjustments Resulting in Underpayments. In the case of any adjustment pursuant to a Final Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax due with respect to such Tax Return required to be paid as a result of such adjustment pursuant to a such Final Determination. The Responsible Company shall compute the amount attributable to the Enterprise Seattle Group or the Houston Group (as the case may be) in accordance with Section 2 this Agreement and Enterprise Seattle shall pay to HP Houston any amount due HP Houston (or HP Houston shall pay Enterprise Seattle any amount due EnterpriseSeattle) under Section 2 this Agreement within thirty (30) Business Days from the later of (i) the date the additional Tax was paid by the Responsible Company or, in an instance where no cash payments payment is due to a Tax Authority, the date of such Final Determination, or (ii) the date of receipt of a written notice and demand from the Responsible Company for payment of the amount due, accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particulars relating thereto. Any payments required under this Section 4.01(c) shall include interest computed at the Prime Rate based on the number of days from the date the additional Tax was paid by the Responsible Company (or, in an instance where no cash payments payment is due to a Tax Authority, the date of such Final Determination) to the date of the payment under this Section 4.01(c).

Adjustments Resulting in Underpayments. In the case of any adjustment pursuant to a Final Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax due with respect to such Tax Return required to be paid as a result of such adjustment pursuant to a such Final Determination. The Responsible Company shall compute the amount attributable to the Enterprise CoalCo Group or the Parent Group (as the case may be) in accordance with Section 2 this Agreement and Enterprise CoalCo shall pay to HP Parent any amount due HP Parent (or HP Parent shall pay Enterprise CoalCo any amount due EnterpriseCoalCo) under Section 2 this Agreement within thirty (30) Business Days 30 days from the later of (i) the date the additional Tax was paid by the Responsible Company or, in an instance where no cash payments payment is due to a Tax Authority, the date of such Final Determination, or (ii) the date of receipt of a written notice and demand from the Responsible Company for payment of the amount due, accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particulars relating thereto. Any payments required under this Section 4.01(c5.02(c) shall include interest computed at the Prime Rate based on the number of days from the date the additional Tax was paid by the Responsible Company (or, in an instance where no cash payments payment is due to a Tax Authority, the date of such Final Determination) to the date of the payment under this Section 4.01(c5.02(c).

Adjustments Resulting in Underpayments. In the case of any adjustment pursuant to a Final Determination with respect to any such Tax Return, the Responsible Company shall pay to the applicable Tax Authority when due any additional Tax due with respect to such Tax Return required to be paid as a result of such adjustment pursuant to a such Final Determination. The Responsible Company shall compute the amount attributable to the Enterprise Seattle Group or the Houston Group (as the case may be) in accordance with Section 2 this Agreement and Enterprise Seattle shall pay to HP Houston any amount due HP Houston (or HP Houston shall pay Enterprise Seattle any amount due EnterpriseSeattle) under Section 2 this Agreement within thirty (30) Business Days from the later of (i) the date the additional Tax was paid by the Responsible Company or, in an instance where no cash payments payment is due to a Tax Authority, the date of such Final Determination, or (ii) the date of receipt of a written notice and demand from the Responsible Company for payment of the amount due, accompanied by evidence of payment and a statement detailing the Taxes paid and describing in reasonable detail the particulars relating thereto. Any payments required under this Section 4.01(c) shall include interest computed at the Prime Rate based on the number of days from the date the additional Tax was paid by the Responsible Company (or, in an instance where no cash payments payment is due to a Tax Authority, the date of such Final Determination) to the date of the payment under this Section 4.01(c).. Section 4.02