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 underpayment rate as set forth in Section 6621 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.

• Interest will be due on any underpayment or overpayment of Tax, computed from the date on which a final Return is filed, (i) if owed by the MSCI Group to MS on an underpayment, at the Underpayment Rate and (ii) if owed by MS to the MSCI Group on an overpayment, the Overpayment Rate.

• Any payment that is not made by the MSCI Group when due shall bear interest at the Underpayment Rate for each day until paid.

• Interest will be due on any underpayment or overpayment of Tax, computed from the date on which a final Return is filed, (i) if owed by the Controlled Group to Distributing on an underpayment, at the Underpayment Rate and (ii) if owed by Distributing to the Controlled Group on an overpayment, the Overpayment Rate.

• Any payment that is not made by the Controlled Group when due shall bear interest at the Underpayment Rate for each day until paid.

More Definitions of Underpayment Rate

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

Underpayment Rate has the meaning specified in Section 9.3.2 hereof.

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

Underpayment Rate means the interest rate specified in section 6621(a)(2) of the Code and determined as provided in section 6621(b) of the Code but without regard to section 6621(c) 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, local, or foreign Income Tax law, as applicable), as determined from time to time. "Unqualified Tax Opinion" means an unqualified "will" opinion of ----------------------- Qualified Tax Counsel on which FMC may rely, in form and substance reasonably acceptable to FMC (and in determining whether an opinion is reasonably acceptable, FMC may consider, among other factors, the appropriateness of any underlying assumptions and management's representations if used as a basis for the opinion) to the effect that a transaction (taking into account all prior transactions and agreements during the Restriction Period) will not disqualify the Spin-Off from Tax-Free Status, assuming that the Spin-Off would have qualified for Tax-Free Status if such transaction did not occur. -12- <PAGE> Section 2.