Common use of Refund and Tax Benefits Clause in Contracts

Refund and Tax Benefits. (i) Any Tax refunds related to the Acquired Assets or Assumed Liabilities that are received by Buyer or any of its Affiliates, and any amount credited against Taxes to which Buyer or any of its Affiliates become entitled, that relate to Pre-Closing Tax Period or to the portion of a Straddle Period that ends on the day before the Closing Date shall be for the account of Seller, and Buyer shall pay over to Seller any such refund or the amount of any such credit within fifteen (15) days after receipt or entitlement thereto.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Western Refining, Inc.), Asset Purchase Agreement (Western Refining, Inc.)

AutoNDA by SimpleDocs

Refund and Tax Benefits. (i) Any Tax refunds related to the Acquired Purchased Assets or Assumed Liabilities that are received by Buyer or any of its AffiliatesBuyer, and any amount credited against Taxes to which Buyer or any of its Affiliates become becomes entitled, that relate to Pre-Closing Tax Period or to the portion of a Straddle Period that ends on the day before the Closing Date shall be for the account of Seller, and Buyer shall pay over to Seller any such refund or the amount of any such credit within fifteen (15) days after receipt or entitlement thereto.

Appears in 2 contracts

Samples: Guaranty Agreement (Green Plains Inc.), Guaranty Agreement (Green Plains Inc.)

Refund and Tax Benefits. (i) Any Tax refunds related to the Acquired Assets or Assumed Liabilities that are received by Buyer or any of its AffiliatesBuyer, and any amount credited against Taxes to which Buyer or any of its Affiliates become entitled, that relate to Pre-Closing Tax Period or to the portion of a Straddle Period that ends on the day before the Closing Date shall be for the account of Seller, and Buyer shall pay over to Seller any such refund or the amount of any such credit within fifteen (15) days after receipt or entitlement thereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (TransMontaigne Partners L.P.)

AutoNDA by SimpleDocs

Refund and Tax Benefits. (i) Any Tax refunds related to the Acquired Purchased Assets or Assumed Liabilities that are received by Buyer or any of its AffiliatesBuyer, and any amount credited against Taxes to which Buyer or any of its Affiliates become entitled, that relate to Pre-Closing Tax Period or to the portion of a Straddle Period that ends on the day before the Closing Date shall be for the account of SellerSellers, and Buyer shall pay over to Seller Sellers any such refund or the amount of any such credit within fifteen (15) days after receipt or entitlement thereto.

Appears in 1 contract

Samples: Asset Purchase Agreement (Green Plains Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!