Common use of Refunds and Remittances Clause in Contracts

Refunds and Remittances. After the Closing, if Ashland or any of its affiliates receive any refund or other amount which is a Transferred Asset or is otherwise properly due and owing to HoldCo or any of its affiliates in accordance with the terms of this Agreement, Ashland promptly shall remit, or shall cause to be remitted, such amount to HoldCo. After the Closing, if HoldCo or any of its affiliates receive any refund or other amount which is an Excluded Asset or is otherwise properly due and owing to Ashland or any of its affiliates in accordance with the terms of this Agreement, HoldCo promptly shall remit, or shall cause to be remitted, such amount to Ashland. After the Closing, if HoldCo or any of its affiliates receive any refund or other amount which is related to claims (including workers' compensation), litigation, insurance or other matters for which Ashland or any of its affiliates is responsible hereunder, and which amount is not a Transferred Asset, or is otherwise properly due and owing to Ashland or any of its affiliates in accordance with the terms of this Agreement, HoldCo promptly shall remit, or cause to be remitted, such amount to Ashland. After the Closing, if Ashland or any of its affiliates receive any refund or other amount which is related to claims (including workers' compensation), litigation, insurance or other matters for which HoldCo or any of its affiliates is responsible hereunder, and which amount is not an Excluded Asset, or is otherwise properly due and owing to HoldCo or any of its affiliates in accordance with the terms of this Agreement, Ashland promptly shall remit, or cause to be remitted, such amount to HoldCo.

Refunds and Remittances. After the Closing, if Ashland or any of its affiliates receive any refund or other amount which is a Transferred Asset or is otherwise properly due and owing to HoldCo or any of its affiliates in accordance with the terms of this Agreement, Ashland promptly shall remit, or shall cause to be remitted, such amount to HoldCo. After the Closing, if HoldCo or any of its affiliates receive any refund or other amount which is an Excluded Asset or is otherwise properly due and owing to Ashland or any of its affiliates in accordance with the terms of this Agreement, HoldCo promptly shall remit, or shall cause to be remitted, such amount to Ashland. After the Closing, if HoldCo or any of its affiliates receive any refund or other amount which is related to claims (including workers' ’ compensation), litigation, insurance or other matters for which Ashland or any of its affiliates is responsible hereunder, and which amount is not a Transferred Asset, or is otherwise properly due and owing to Ashland or any of its affiliates in accordance with the terms of this Agreement, HoldCo promptly shall remit, or cause to be remitted, such amount to Ashland. After the Closing, if Ashland or any of its affiliates receive any refund or other amount which is related to claims (including workers' ’ compensation), litigation, insurance or other matters for which HoldCo or any of its affiliates is responsible hereunder, and which amount is not an Excluded Asset, or is otherwise properly due and owing to HoldCo or any of its affiliates in accordance with the terms of this Agreement, Ashland promptly shall remit, or cause to be remitted, such amount to HoldCo.

Refunds and Remittances. After the Closing, if Ashland Seller or any of its affiliates receive receives any refund or other amount which is a Transferred Asset or is otherwise properly due and owing to HoldCo or any of its affiliates Purchaser and the Purchaser Subs in accordance with the terms of this Agreement, Ashland Seller promptly shall remit, or shall cause to be remitted, such amount to HoldCoPurchaser, or the relevant Purchaser Sub as designated by Purchaser, at the address set forth in Section 11.02. After the Closing, if HoldCo Purchaser or any of its affiliates receive receives any refund or other amount which is an Excluded Asset or is otherwise properly due and owing to Ashland Seller or any of its affiliates in accordance with the terms of this Agreement, HoldCo Purchaser promptly shall remit, or shall cause to be remitted, such amount to AshlandSeller at the address set forth in Section 11.02. After the Closing, if HoldCo Purchaser or any of its affiliates receive receives any refund or other amount which is related to claims (including workers' ’ compensation), litigation, insurance litigation or other matters for which Ashland or any of its affiliates Seller is responsible hereunder, and which amount is not a Transferred Asset, or is otherwise properly due and owing to Ashland or any of its affiliates Seller in accordance with the terms of this Agreement, HoldCo Purchaser promptly shall remit, or cause to be remitted, such amount to AshlandSeller at the address set forth in Section 11.02. After the Closing, if Ashland Seller or any of its affiliates receive receives any refund or other amount which is related to claims (including workers' ’ compensation), litigation, insurance litigation or other matters for which HoldCo or any of its affiliates Purchaser is responsible hereunder, and which amount is not an Excluded Asset, or is otherwise properly due and owing to HoldCo or any of its affiliates Purchaser and the Purchaser Subs in accordance with the terms of this Agreement, Ashland Seller promptly shall remit, or cause to be remitted, such amount to HoldCoPurchaser, or the relevant Purchaser Sub as designated by Purchaser at the address set forth in Section 11.02.

Refunds and Remittances. After the Closing, if Ashland Seller or any of its affiliates receive receives any refund or other amount which is a Transferred Asset or is otherwise properly due and owing to HoldCo or any of its affiliates Purchaser in accordance with the terms of this Agreement, Ashland Seller promptly shall remit, or shall cause to be remitted, such amount to HoldCoPurchaser at the address set forth in Section 11.02. After the Closing, if HoldCo Purchaser or any of its affiliates receive receives any refund or other amount which is an Excluded Asset or is otherwise properly due and owing to Ashland Seller or any of its affiliates in accordance with the terms of this Agreement, HoldCo Purchaser promptly shall remit, or shall cause to be remitted, such amount to AshlandSeller at the address set forth in Section 11.02. After the Closing, if HoldCo Purchaser or any of its affiliates receive receives any refund or other amount which is related to claims (including workers' ’ compensation), litigation, insurance litigation or other matters for which Ashland or any of its affiliates Seller is responsible hereunder, and which amount is not a Transferred Asset, or is otherwise properly due and owing to Ashland or any of its affiliates Seller in accordance with the terms of this Agreement, HoldCo Purchaser promptly shall remit, or cause to be remitted, such amount to AshlandSeller at the address set forth in Section 11.02. After the Closing, if Ashland Seller or any of its affiliates receive receives any refund or other amount which is related to claims (including workers' ’ compensation), litigation, insurance litigation or other matters for which HoldCo or any of its affiliates Purchaser is responsible hereunder, and which amount is not an Excluded Asset, or is otherwise properly due and owing to HoldCo or any of its affiliates Purchaser in accordance with the terms of this Agreement, Ashland Seller promptly shall remit, or cause to be remitted, such amount to HoldCoPurchaser at the address set forth in Section 11.02.

Refunds and Remittances. After the Closing, if Ashland Seller or any of its affiliates receive receives any refund or other amount which is a Transferred Asset or is otherwise properly due and owing to HoldCo or any of its affiliates Purchaser in accordance with the terms of this Agreement, Ashland Seller promptly shall remit, or shall cause to be remitted, such amount to HoldCoPurchaser at the address set forth in Section 13.04. After the Closing, if HoldCo Purchaser or any of its affiliates receive receives any refund or other amount which is an Excluded Asset or is otherwise properly due and owing to Ashland Seller or any of its affiliates in accordance with the terms of this Agreement, HoldCo Purchaser promptly shall remit, remit or shall cause to be remitted, such amount to AshlandSeller at the address set forth in Section 13.04. After the Closing, if HoldCo Purchaser or any of its affiliates receive receives any refund or other amount which is related to claims (including workers' ’ compensation), litigation, insurance litigation or other matters for which Ashland or any of its affiliates Seller is responsible hereunder, and which amount is not a Transferred Asset, or is otherwise properly due and owing to Ashland or any of its affiliates Seller in accordance with the terms of this Agreement, HoldCo Purchaser promptly shall remit, or cause to be remitted, such amount to AshlandSeller at the address set forth in Section 13.04. After the Closing, if Ashland Seller or any of its affiliates receive receives any refund or other amount which is related to claims (including workers' ’ compensation), litigation, insurance litigation or other matters for which HoldCo or any of its affiliates Purchaser is responsible hereunder, and which amount is not an Excluded Asset, or is otherwise properly due and owing to HoldCo or any of its affiliates Purchaser in accordance with the terms of this Agreement, Ashland Seller promptly shall remit, or cause to be remitted, such amount to HoldCoPurchaser at the address set forth in Section 13.04.