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Common use of Interest and Penalties Clause in Contracts

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.

Appears in 6 contracts

Sources: Tax Sharing Agreement (Nationwide Life Ins Co), Tax Sharing Agreement (Nationwide Life Insurance Co), Tax Sharing Agreement (Nationwide Life Insurance Co)

Related Clauses

  • Interest; Penalties
  • Liability for Uncollected Tax, Interest and Penalty
  • Computations of Interest and Fees
  • INTEREST AND CHARGES
  • Prepayment Penalties

Parent Clauses

  • Taxes
  • Advances and Letters of Credit
  • Payment of Tax Liability
  • Rent
  • Rent Payments

Sub-Clauses

  • First Term Loan Interest and Penalties
  • Revolving Loan Interest and Penalties
  • Second Term Loan Interest and Penalties
  • Definition of Royalties, etc
  • Drilling Operations
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