Common use of Refunds and Credits Clause in Contracts

Refunds and Credits. If either Party should receive a refund, credit, discount or other rebate for goods or services paid for by the other Party, then the Party receiving such refund, credit, discount or other rebate shall (i) notify the other Party of such refund, credit, discount or rebate and (ii) pay the full amount of such refund, credit, discount or rebate to the other Party.

Appears in 4 contracts

Samples: Technology Services Agreement (Ace LTD), Information Technology Services Agreement (Ace LTD), Information Technology Services Agreement (Provident American Corp)

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Refunds and Credits. If either Party should receive a refund, credit, discount or other rebate for goods or services paid for by the other Party, then the recipient Party receiving such refund, credit, discount or other rebate shall (i) notify the other Party of such refund, credit, discount or rebate and (ii) pay the full amount of such refund, credit, discount or rebate to the other Party.

Appears in 2 contracts

Samples: Master Framework Agreement (Txu Corp /Tx/), Master Framework Agreement (Txu Corp /Tx/)

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