Common use of Estimated Taxes Clause in Contracts

Estimated Taxes. If in any Tax Year Nationwide Life of America believes in good faith that any Subsidiary will be obligated to make payment to Nationwide Life of America pursuant to Section 4 hereof in respect of such Tax Year, such Subsidiary may be required by Nationwide Life of America to pay such amounts as would be necessary to make estimated payments in respect of its federal income tax liability, if any, that the Subsidiary will be obligated to pay under Section 4 hereof. Nationwide Life of America shall calculate the amount of the payments to be made by the Subsidiary pursuant to this Section 5 in a manner consistent with the conventions used by Nationwide Life of America to compute its estimated tax, and shall provide the Subsidiary with at least 10 days’ notice of the amount due. Estimated payments may be required to be paid by the Subsidiary to Nationwide Life of America, even if no such payment by Nationwide Life of America is required at that time. Estimated payments to be made under this Section 5 shall include payments due within ninety (90) days following the end of the Tax Year. If, following the filing of the Group’s federal income tax return for any Tax Year, it shall be determined that the actual payments required to be made by each Subsidiary pursuant to Section 4 hereof in respect of such Tax Year shall not be equal to the estimated payments made pursuant to this Section 5, then each Subsidiary and Nationwide Life of America shall make such adjustments of payments between themselves in such amounts as shall be necessary so that the payments actually made by such Subsidiary to Nationwide Life of America in respect of such Tax Year shall be equal to the amounts that should have been paid in respect of such Tax Year pursuant to Section 4.

Estimated Taxes. If in any Tax Year Nationwide Life of America Financial believes in good faith that any Subsidiary will be obligated to make payment to Nationwide Life of America Financial pursuant to Section 4 hereof in respect of such Tax Year, such Subsidiary may be required by Nationwide Life of America Financial to pay such amounts as would be necessary to make estimated payments in respect of its federal income tax liability, if any, that the Subsidiary will be obligated to pay under Section 4 hereof. Nationwide Life of America Financial shall calculate the amount of the payments to be made by the Subsidiary pursuant to this Section 5 in a manner consistent with the conventions used by Nationwide Life of America Financial to compute its estimated tax, and shall provide the Subsidiary with at least 10 days’ notice of the amount due. Estimated payments may be required to be paid by the Subsidiary to Nationwide Life of AmericaFinancial, even if no such payment by Nationwide Life of America Financial is required at that time. Estimated payments to be made under this Section 5 shall include payments due within ninety (90) days following the end of the Tax Year. If, following the filing of the Group’s federal income tax return for any Tax Year, it shall be determined that the actual payments required to be made by each Subsidiary pursuant to Section 4 hereof in respect of such Tax Year shall not be equal to the estimated payments made pursuant to this Section 5, then each Subsidiary and Nationwide Life of America Financial shall make such adjustments of payments between themselves in such amounts as shall be necessary so that the payments actually made by such Subsidiary to Nationwide Life of America Financial in respect of such Tax Year shall be equal to the amounts that should have been paid in respect of such Tax Year pursuant to Section 4.

Estimated Taxes. If in any Tax Year Nationwide Life of America believes in good faith that any Subsidiary will be obligated to make payment to Nationwide Life of America pursuant to Section 4 hereof in respect of such Tax Year, such Subsidiary may be required by Nationwide Life of America to pay such amounts as would be necessary to make estimated payments in respect of its federal income tax liability, if any, that the Subsidiary will be obligated to pay under Section 4 hereof. Nationwide Life of America shall calculate the amount of the payments to be made by the Subsidiary pursuant to this Section 5 in a manner consistent with the conventions used by Nationwide Life of America to compute its estimated tax, and shall provide the Subsidiary with at least 10 days’ notice of the amount due. Estimated payments may be required to be paid by the Subsidiary to Nationwide Life of AmericaLife, even if no such payment by Nationwide Life of America is required at that time. Estimated payments to be made under this Section 5 shall include payments due within ninety (90) days following the end of the Tax Year. If, following the filing of the Group’s federal income tax return for any Tax Year, it shall be determined that the actual payments required to be made by each Subsidiary pursuant to Section 4 hereof in respect of such Tax Year shall not be equal to the estimated payments made pursuant to this Section 5, then each Subsidiary and Nationwide Life of America shall make such adjustments of payments between themselves in such amounts as shall be necessary so that the payments actually made by such Subsidiary to Nationwide Life of America in respect of such Tax Year shall be equal to the amounts that should have been paid in respect of such Tax Year pursuant to Section 4.

Estimated Taxes. If in any Tax Year Nationwide Life of America Provident believes in good faith that any Subsidiary will be obligated to make payment to Nationwide Life of America Provident pursuant to Section 4 hereof in respect of such Tax Year, such Subsidiary may be required by Nationwide Life of America Provident to pay such amounts as would be necessary to make estimated payments in respect of its federal income tax liability, if any, that the Subsidiary will be obligated to pay under Section 4 hereof. Nationwide Life of America Provident shall calculate the amount of the payments to be made by the Subsidiary pursuant to this Section 5 in a manner consistent with the conventions used by Nationwide Life of America Provident to compute its estimated tax, and shall provide the Subsidiary with at least 10 days’ notice of the amount due. Estimated payments may be required to be paid by the Subsidiary to Nationwide Life of AmericaProvident, even if no such payment by Nationwide Life of America Provident is required at that time. Estimated payments to be made under this Section 5 shall include payments due within ninety (90) days following the end of the Tax Year. If, following the filing of the Group’s federal income tax return for any Tax Year, it shall be determined that the actual payments required to be made by each Subsidiary pursuant to Section 4 hereof in respect of such Tax Year shall not be equal to the estimated payments made pursuant to this Section 5, then each Subsidiary and Nationwide Life of America Provident shall make such adjustments of payments between themselves in such amounts as shall be necessary so that the payments actually made by such Subsidiary to Nationwide Life of America Provident in respect of such Tax Year shall be equal to the amounts that should have been paid in respect of such Tax Year pursuant to Section 4.