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 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.
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 provided 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 required to be made 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 rate specified in Section 6621(a)(2) of the Code. Other capitalized terms not defined herein have the meaning set forth in that certain Amended and Restated Agreement and Plan of Merger, dated as of February 1, 1998 by and among Prime Retail, Inc., a Maryland corporation, Prime Retail, L.P., a Delaware limited partnership, Horizon, Sky Merger, HGP, HGP LP and Horizon Partnership. Section 2. TAX RETURNS AND TAX PAYMENTS. (a) Obligations to File Tax Returns. (i) HGP shall timely file, or caused to be filed, all Tax Returns that relate to HGP, or any of its Subsidiaries, for any taxable period that ends after the Closing Date. (ii) Horizon shall timely file, or caused to be filed, all Tax Returns that relate to Horizon, or any of its Subsidiaries, for any taxable period, and for HGP and any of its Subsidiaries, for any taxable period of HGP that ends on or before the Closing Date. (b) Obligations to Pay Taxes. Horizon and HGP shall remit, or caused to be remitted, any Taxes due in respect of any Tax for which it is required to file a Tax Return. Section 3. TAX SHARING OBLIGATIONS. (a) Obligations of HGP. HGP shall be liable and hold Horizon, and all of Horizon's Subsidiaries, harmless against any liability for Taxes arising from the operations of HGP or any of its Subsidiaries or because of HGP's ownership of any Subsidiary or any other corporation, partnership, joint venture, or other business entity. (b) Obligations of Horizon. Horizon shall be liable and hold HGP, and all of HGP's Subsidiaries harmless against any liability for Taxes arising from the operations of Horizon or any of its Subsidiaries or because of Horizon's ownership of any Subsidiary or any other corporation, partnership, joint venture, or other business entity. (c) Payments. To the extent that either party (the "Payor") owes money to another party (the "Payee") pursuant to this Section 3 of the Agreement, the Payor shall pay the Payee no later than 15 days after the date the Payor makes a demand for payment, which is accompanied with appropriate calculations, of the amount the Payor is required to indemnify the Payee under this Section 3 of the Agreement. (d) Interest. Any payments required by this Agreement that are not made on or before the date provided shall bear interest after such date at the Underpayment Rate. Section 4. TAX AUDITS. (a) Responsibility. HGP and Horizon shall have sole responsibility for all audits or other proceedings with respect to Tax Returns that it is ...
Underpayment Rate means the Prime Rate plus 200 basis points, per annum.