Common use of Refund of Impositions Clause in Contracts

Refund of Impositions. If all or any part of an Imposition is refunded (whether through cash payment or credit against Impositions), the party who paid the Imposition to which the refund relates shall be entitled to such refund to the extent such refund relates to any Imposition paid by such party. If either party receives a refund (whether by cash payment or credit) to which the other party is entitled, the receiving party shall promptly pay the amount of such refund or credit to the entitled party, less the receiving party’ s reasonable expenses, if any, in obtaining such refund or credit.

Refund of Impositions. If all or any part of an Imposition is refunded to either Party (whether through cash payment or credit against Impositions), the party Party who paid the Imposition to which the refund relates shall be entitled to such refund to the extent such refund relates to any Imposition paid by such partyParty. If either party Party receives a refund (whether by cash payment or credit) to which the other party Party is entitled, the receiving party Party shall promptly pay the amount of such refund or credit to the entitled party, less the receiving party’ s reasonable Party’s expenses, if any, in obtaining such refund or credit.