Common use of BALANCE PAYMENT Clause in Contracts

BALANCE PAYMENT. For each Agreement Year, the Subsidiary shall pay to Parent an amount equal to the tax payment that would be payable by the Subsidiary Consolidated Group if it were not included in the Parent Consolidated Group, no later than March 15 of the following year (the “Balance Payment”).

Appears in 2 contracts

Samples: Tax Sharing Agreement (Ply Gem Holdings Inc), Tax Sharing Agreement (Ply Gem Holdings Inc)

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BALANCE PAYMENT. For each Agreement Year, the Subsidiary shall pay to Parent an amount equal to the tax payment that would be payable by the Subsidiary Consolidated Group if it were not included in the Parent Consolidated Group, no later than March 15 of the following year (the “Balance Payment”).

Appears in 1 contract

Samples: Tax Sharing Agreement (Emmis Operating Co)

BALANCE PAYMENT. For each Agreement Year, the Subsidiary Subsidiaries shall pay to Parent an amount equal to the tax payment that would be payable by the Subsidiary Consolidated Group if it were not included in the Parent Consolidated Group, no later than March 15 of the following year (the “Balance Payment”).

Appears in 1 contract

Samples: Tax Sharing Agreement (Ply Gem Holdings Inc)

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BALANCE PAYMENT. For each Agreement Year, the Subsidiary Subsidiaries shall pay to Parent an amount equal to the tax payment that would be payable by the Subsidiary Consolidated Group if it were not included in the Parent Consolidated Group, no later than March 15 of the following year (the "Balance Payment").

Appears in 1 contract

Samples: Tax Sharing Agreement (Ply Gem Industries Inc)

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