Common use of Federal Income Taxes Clause in Contracts

Federal Income Taxes. Not later than five business days prior to each Estimated Tax Installment Date with respect to any Pre-Deconsolidation Period, Xxxxxx shall determine under Section 6655 of the Code the estimated amount of the related installment of the Xxxxxxx Group Federal Income Tax Liability. Xxxxxxx shall then pay to Xxxxxx, not later than such Estimated Tax Installment Date, the amount thus determined.

Federal Income Taxes. Not later than five 2 business days prior to each Estimated Tax Installment Date with respect to any Pre-Deconsolidation Period, Xxxxxx shall the parties shall, consistent with past practice, determine under the principles of Section 6655 of the Code the estimated amount of the related installment of the Xxxxxxx Instinet Group Federal Income Tax Liability. Xxxxxxx Instinet shall then pay to Xxxxxx, not Reuters no later than five (5) business days after such Estimated Tax Installment Date, Date the amount thus determined.