Common use of Reverse Timing Differences Clause in Contracts

Reverse Timing Differences. If an adjustment to an Income Tax Return pursuant to a Final Determination results in a Reverse Timing Difference, then, subject to the last sentence of Section 6.c(ii) hereof, for each Post-Distribution Taxable Period or portion of a Straddle Period beginning on the day after the Distribution Date in which a member of the ▇▇▇▇▇▇ Post- Merger Group Actually Realizes an Income Tax Benefit by reason of such Reverse Timing Difference, ▇▇▇▇▇▇ shall pay to Telecom an amount equal to such Income Tax Benefit, including interest (computed at the Overpayment Rate for the taxing jurisdiction in which such Income Tax Benefit is Actually Realized) from the original due date (without extensions) for filing of the Income Tax Return for such taxable period through the date of payment under this Section 6.b; provided, however, that the aggregate payments which ▇▇▇▇▇▇ shall be required to make under this Section 6.b with respect to a Reverse Timing Difference shall not exceed the aggregate amount of the Income Tax Detriments Actually Realized by a member of the GM Consolidated Group (whether in one or more taxable periods, and whether such taxable periods end before, after or on the Distribution Date) by reason of such Reverse Timing Difference, including interest (computed at the Underpayment Rate for the taxing jurisdiction in which such Income Tax Detriment is Actually Realized) from the original due date (without extensions) for filing of the Income Tax Return for such taxable period through the date of payment under this Section 6.b. Upon request, ▇▇▇▇▇▇ shall provide Telecom with a statement, signed by ▇▇▇▇▇▇' chief financial officer and certified by ▇▇▇▇▇▇' independent accounting firm, setting forth calculations in detail sufficient to permit Telecom to verify ▇▇▇▇▇▇' compliance with this Section 6.b.

Reverse Timing Differences. If an adjustment to an Income Tax Return Return, pursuant to a Final Determination Determination, results in a Reverse Timing Difference, then, subject to the last sentence of Section 6.c(ii9.c(ii) hereof, for each Post-Distribution Taxable Period or portion of a Straddle Period beginning on the day after the Distribution Date in which a member of the ▇▇▇▇▇▇ Post- Merger Networks Group Actually Realizes an Income Tax Benefit by reason of such Reverse Timing Difference, ▇▇▇▇▇▇ Networks shall pay to Telecom General Signal an amount equal to such Income Tax Benefit, including interest (computed at the Overpayment Rate for the taxing jurisdiction in which such Income Tax Benefit is Actually Realized) from the original due date (without extensions) for filing of the Income Tax Return for such taxable period through the date of payment under this Section 6.b9.b; provided, however, that the aggregate payments which ▇▇▇▇▇▇ Networks shall be required to make under this Section 6.b 9.b with respect to a Reverse Timing Difference shall not exceed the aggregate amount of the Income Tax Detriments Actually Realized by a member of the GM General Signal Consolidated Group (whether in one or more taxable periods, and whether such taxable periods end before, after or on the Distribution Date) by reason of such Reverse Timing Difference, including interest (computed at the Underpayment Rate for the taxing jurisdiction in which such Income Tax Detriment is Actually Realized) from the original due date (without extensions) for filing of the Income Tax Return for such taxable period through the date of payment under this Section 6.b. Upon request, ▇▇▇▇▇▇ shall provide Telecom with a statement, signed by ▇▇▇▇▇▇' chief financial officer and certified by ▇▇▇▇▇▇' independent accounting firm, setting forth calculations in detail sufficient to permit Telecom to verify ▇▇▇▇▇▇' compliance with this Section 6.b9.