Interest and Penalties a. If, after netting interest payable by the LNC Consolidated Group against interest payable by the IRS for a given Tax Year, the LNC Consolidated Group is required to pay interest to the IRS as a result of any increase in tax liability for a given Tax Year, such interest shall be divided among all of the corporations in the LNC Consolidated Group whose tax liability increased from the initial calculation at the time of the filing of the LNC consolidated tax return for that Tax Year. This allocation shall be made in proportion to the increase in tax liability of AST as compared to the increase in tax liability of all members of the LNC Consolidated Group.
Interest and Penalties. Payments by or to the Parent may include interest and penalties equal to the amounts actually paid to, or received from, the Internal Revenue Service or state tax authority.
Interest and Penalties. If any Borrower or any other applicable Loan Party fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to Lender the required receipts or other required documentary evidence, such Borrower and the other Loan Parties shall jointly and severally indemnify Lender for any incremental Taxes, interest or penalties and reasonable, out-of-pocket costs and expenses (including attorneys' and tax advisor fees and expenses) that may become payable by Lender (or any of its Affiliates) as a result of any such failure.
Interest and Penalties. (1) A person who fails to pay or deliver property when due is required to pay to the department interest at the rate as computed under RCW 82.32.050(2) from the date the property should have been paid or delivered until the property is paid or delivered. How- ever, the department must waive or cancel interest imposed under this subsection if:
Interest and Penalties. All interest or penalties incurred as a result of Landlord's failure to pay any costs or taxes as the same shall become due.
Interest and Penalties. (a) If interest and/or penalties are imposed (or if interest is received) with respect to a consolidated or combined return of the BNPP USA group, the payment (or refund) of such interest and/or penalties shall be allocated to the Member(s) to which such interest and/or penalties are attributable. If it cannot be determined to which Member(s) the interest and/or penalties are attributable, such interest and/or penalties will be allocated to all Members using an equitable method that is fairly and consistently applied prorata on the same approach as the re-determined tax in Section 9 is calculated.
Interest and Penalties. If any payment of Rent shall remain unpaid for more than thirty (30) days beyond the due date thereof, Tenant shall pay to Landlord a late charge equal to four percent (4%) of any Rental not paid when due and interest at a rate equal to the Prime Rate (as hereinafter defined) (the “Default Rate”), such interest to accrue from the due date of such payment to the date of actual payment thereof. Such late charge and interest shall constitute Rent hereunder and shall be due and payable by Tenant on demand. No failure by Landlord to insist upon strict performance by Tenant of its obligations to pay late charges shall constitute a waiver by Landlord of its rights to enforce the provisions of this Article 2 in any instance thereafter occurring. This provision shall not be construed in any way to extend the grace period or notice period provided for in this Lease. As used herein “Prime Rate” shall mean the rate reported by The Wall Street Journal (or its successors) as the so-called “prime rate”.
Interest and Penalties. If Borrower or any other applicable Loan Party fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to Agent, for the account of Agent and the respective Lenders, the required receipts or other required documentary evidence, Borrower and the other Loan Parties shall jointly and severally indemnify Agent and Lenders for any incremental Taxes, interest or penalties and reasonable, out-of-pocket, and documented costs and expenses (including attorneys’ and tax advisor fees and expenses) that may become payable by Agent or any Lender (or any of its Affiliates) as a result of any such failure.
Interest and Penalties. Interest assessed and collected on delinquencies shall be forwarded to the Capital Provider through the Program Administrator (including its designated payment agent), within thirty (30) days after delinquent interest payment is received.
Interest and Penalties. If Borrower fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to Administrative Agent, for the account of Administrative Agent and the respective Lenders, the required receipts or other required documentary evidence, Borrower shall indemnify Administrative Agent and Lenders for any incremental Taxes, interest or penalties that may become payable by Administrative Agent or any Lender as a result of any such failure.
