Common use of Refunds and Remittances Clause in Contracts

Refunds and Remittances. After the Closing: (a) if the Seller or any of its Affiliates receive any refund or other amount that is a Transferred Asset or is otherwise properly due and owing to the Buyer in accordance with the terms of this Agreement, the Seller promptly (and in any event within thirty (30) days of receipt) shall remit, or shall cause to be remitted, such amount to the Buyer and (b) if the Buyer or any of its Affiliates receive any refund or other amount that is an Excluded Asset or is otherwise properly due and owing to the Seller or any of its Affiliates in accordance with the terms of this Agreement, the Buyer promptly (and in any event within thirty (30) days of receipt) shall remit, or shall cause to be remitted, such amount to the Seller.

Refunds and Remittances. After the Closing: (ai) if the Seller Sellers or any of its Affiliates receive any refund or other amount that is a Transferred Asset or is otherwise properly due and owing to the Buyer in accordance with the terms of this Agreement, the Seller Sellers promptly (and but in any no event within thirty later than five (305) days of Business Days after receipt) shall remit, or shall cause to be remitted, such amount to the Buyer Buyer; and (bii) if the Buyer or any of its Affiliates receive any refund or other amount that is an Excluded Asset or is otherwise properly due and owing to the Seller Sellers or any of its Affiliates in accordance with the terms of this Agreement, the Buyer promptly (and but in any no event within thirty later than five (305) days of Business Days after receipt) shall remit, or shall cause to be remitted, such amount to the SellerSellers.