Underpayment Rate definition

Underpayment Rate means the annual rate of interest described in Section 6621(c) of the Code for large corporate underpayments of Income Tax (or similar provision of state, local, or foreign Income Tax law, as applicable), as determined from time to time.

Underpayment Rate means the interest rate specified under Section 6621(a)(2) of the Code.

Underpayment Rate means the annual rate of interest described in Section 6621(c) of the Code for large corporate underpayments of income Tax (or similar provision of state or local income Tax law, as applicable), as determined from time to time.

Examples of Underpayment Rate in a sentence

• Any payment required by this Agreement that is not made on or before the date required hereunder shall bear interest, from and after such date through the date of payment, at the Underpayment Rate.

• Any payment not made within the prescribed time period thereafter will bear interest at the IRS Underpayment Rate.

• Any payment required by this Agreement which is not made on or before the date required to be made hereunder shall bear interest after such date at the Underpayment Rate.

• Any payment required by this Agreement which is not made on or before the date provided hereunder shall bear interest after such date at the Underpayment Rate.

• Any such required payment not made within such thirty (30) day period shall thereafter bear interest until paid at the then most recently published Underpayment Rate.

More Definitions of Underpayment Rate

Underpayment Rate means the annual rate of interest described in Section 6621(c) of the Code for large corporate underpayments of Income Tax (or similar provision of State, local, or foreign Income Tax law, as applicable), as determined from time to time.

Underpayment Rate has the meaning specified in Section 9.3.2 hereof.

Underpayment Rate the rate of interest imposed by the United States federal government on corporate underpayments of tax for the applicable period.

Underpayment Rate has the meaning set forth in Section 6.03(c). “Western Range” means Western Range Insurance Company, a Vermont corporation.

Underpayment Rate has the meaning set forth in Section 6.03(c).

Underpayment Rate means the Prime Rate plus 200 basis points, per annum.

Underpayment Rate means the rate specified in Section 6621(a)(2) of the Code. Other capitalized terms not defined herein, have the meaning set forth in that certain Agreement and Plan of Merger, dated as of November 13, 1997 by and among Prime Retail, Inc., a Maryland corporation, Prime Retail, L.P., a Delaware limited partnership, Horizon Group, Inc., a Michigan corporation, Sky Merger Corp., a Maryland corporation, Newco, LP, a Delaware limited partnership, and Horizon/Xxxx Outlet Centers Limited Partnership, a Delaware limited partnership.