Entitlement to Refund Sample Clauses
The Entitlement to Refund clause defines the circumstances under which a party is eligible to receive a refund of payments made under the agreement. Typically, this clause outlines specific conditions such as cancellation of services, non-performance, or breach of contract that trigger the right to a refund, and may detail the process for requesting and issuing the refund, including any applicable timeframes or deductions. Its core practical function is to provide clarity and assurance to parties regarding their financial rights and obligations if the agreement is not fulfilled as expected, thereby reducing disputes and managing financial risk.
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Entitlement to Refund. If, after the receipt by the Executive of an amount advanced by the Company pursuant to paragraph (iv) above, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of paragraph (iv)) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to paragraph (iv), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Entitlement to Refund. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 8.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 8.3, a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Entitlement to Refund. If, after the receipt by the Executive of an amount advanced by the Company pursuant to Section 8.3, the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company’s complying with the requirements of Section 8.3) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto).
Entitlement to Refund. Any refund of contested Taxes for the Closing Tax Period or any prior Tax Period shall be paid to Seller, and Purchaser hereby irrevocably assigns to Seller any right, title, or interest it may have in any refund of contested Taxes for all such Tax Periods. If requested by ▇▇▇▇▇▇, Purchaser shall execute whatever endorsements or other documents may be necessary to accomplish the refund of such contested Taxes to Seller. Notwithstanding anything to the contrary in this Section 7.B., however, Seller shall not be entitled to any refund of Taxes that are attributable solely to any change in land usage or ownership of the Property occurring at or after Closing, all of which shall be paid by Purchaser.
Entitlement to Refund. If, after the receipt by Executive of an amount advanced by the Company pursuant to Section 7.3, Executive becomes entitled to receive any refund with respect to such claim, Executive shall (subject to the Company’s complying with the requirements of Section 7.3) promptly pay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by Executive of an amount advanced by the Company pursuant to Section 7.3, a determination is made that Executive shall not be entitled to any refund with respect to such claim and the Company does not notify Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Entitlement to Refund. If, after the receipt by the Executive of an amount paid by the Company pursuant to subsection 6(c), the Executive becomes entitled to receive any refund with respect to such claim, the Executive shall (subject to the Company's complying with the requirements of subsection 6(c)) promptly repay to the Company the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by the Executive of an amount paid by the Company pursuant to subsection 6(c), a determination is made that the Executive shall not be entitled to any refund with respect to such claim and the Company does not notify the Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such payment shall be forgiven and shall not be required to be repaid and the amount of such payment shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid.
Entitlement to Refund. Any refund of contested Taxes for the Closing Tax Period or any prior Tax Period shall be paid to Seller, and Buyer hereby irrevocably assigns to Seller any right, title, or interest it may have in any refund of contested Taxes for all such Tax Periods. If requested by ▇▇▇▇▇▇, ▇▇▇▇▇ shall execute whatever endorsements or other documents may be necessary to accomplish the refund of such contested Taxes to Seller.
Entitlement to Refund. A Client whose account has been debited with a payment initiated by the beneficiary can request a refund if he proves that the exact amount of the transaction was not indicated when authorisation was given and that the amount exceeds the amount that the Client might reasonably expect, based on his earlier spending patterns, the conditions set forth in his contract and the relevant circumstances in this case. However, the Client cannot claim that the exchange rate applied caused the amount to increase over and above what he reasonably expected. Moreover, the Client shall not be entitled to a refund if they have given their consent directly to the Bank and, where appropriate, where the information on the future payment was provided or made available to the Client in the agreed manner, at least four (4) weeks before the due date. Similarly, the Client shall not be entitled to a refund in the case of payment transactions initiated by the beneficiary outside SEPA. This is without prejudice to the Consumer Client’s unconditional right to a refund for EUR direct debits between SEPA countries. Requests for refunds must be submitted to the Bank as soon as possible and no later than eight (8) weeks after the date on which the account was debited. Within ten (10) business days after the refund request is received, the Bank shall either refund the transaction amount or, if it has authority to do so, justify its refusal to refund the amount and indicate the bodies to which the Client may subsequently appeal. In this context the Client, regardless of whether he is a Consumer or a professional, may request a refund of an amount debited from his account under the SEPA Core scheme, without having to justify such request. SEPA B2B direct debits are not eligible for refund. This is without prejudice to the Client’s right to a refund for unauthorised or improperly executed payment transactions pursuant to Article 9.6 of these General Terms and Conditions, where it is established that responsibility for the improper execution or failure to execute the payment order lies with the Bank, and unless the Bank proves that the beneficiary’s payment service provider received the payment transaction amount.
Entitlement to Refund. Any refund of or other reduction in contested Taxes for the Closing Accounting Period or any prior Accounting Period shall be for the benefit of Seller, and Buyer hereby irrevocably assigns to Seller any right, title, or interest it may have in any refund of or other reduction in contested Taxes for all such Accounting periods. If requested by Seller, Buyer shall execute whatever endorsements or other documents may be necessary in order that Seller shall receive the benefit of the refund of or other reduction in such contested Taxes. Notwithstanding anything to the contrary in this Addendum or the Agreement, however, Seller shall not be entitled to any refund or reduction relating to any Rollback Taxes, as all such Rollback Taxes shall be paid by Buyer, as provided in Paragraph 1 of this Addendum.
Entitlement to Refund. If, after the receipt by Executive of an amount advanced by Employer pursuant to Section 17.3, Executive becomes entitled to receive any refund with respect to such claim, Executive shall promptly pay to Employer the amount of such refund (together with any interest paid or credited thereon after taxes applicable thereto). If, after the receipt by Executive of an amount advanced by Employer pursuant to Section 17.3, a determination is made that Executive shall not be entitled to any refund with respect to such claim and Employer does not notify Executive in writing of its intent to contest such denial of refund prior to the expiration of 30 days after such determination, then such advance shall be forgiven and shall not be required to be repaid and the amount of such advance shall offset, to the extent thereof, the amount of Gross-Up Payment required to be paid. 18 Amendments to Agreement, Applicable Law, Jurisdiction
18.1 Any amendments or additions to this Agreement must be in writing.
18.2 Should any one or more provisions of this Agreement be or become invalid, the other provisions shall not be affected. Invalid provisions shall be substituted with provisions which are most closely in line with the intended purpose.
18.3 This Agreement shall be governed by the internal laws of Switzerland.
18.4 Any disputes arising out of this Agreement shall be submitted to the courts at the domicile or seat of the defendant or at the place where Executive usually carries out his work.
