Common use of Refunds and Tax Benefits Clause in Contracts

Refunds and Tax Benefits. The Seller is entitled to receive any tax refunds that are received by the Buyer or the Company, and any amounts credited against tax to which the Buyer or the Company becomes entitled, that relate to tax periods ending on or before the Effective Date, and the Buyer will pay the Seller any such refund or the amount of any such credit within 15 days after receipt or entitlement thereto.

Appears in 2 contracts

Samples: Membership Unit Purchase Agreement (Webdigs Inc), Stock Purchase Agreement (Webdigs Inc)

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Refunds and Tax Benefits. The Seller is entitled to receive any Any tax refunds that are received by the Buyer or the CompanyCompany and Subsidiaries, and any amounts credited against tax Taxes to which the Buyer or the Company becomes and Subsidiaries become entitled, that relate to tax Tax periods or portions thereof ending on or before the Effective DateClosing Date shall be for the account of Seller, and the Buyer will shall pay the over to Seller any such refund or the amount of any such credit within 15 fifteen (15) days after receipt or entitlement thereto, net of any Taxes imposed upon Buyer by reason of the receipt of such refund or credit.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Safeco Corp), Stock Purchase Agreement (Hub International LTD)

Refunds and Tax Benefits. The Seller is entitled to receive any tax Tax refunds that are received by the Buyer or any of the CompanyCompany or its Subsidiaries, and any amounts credited against tax Tax to which the Buyer or any of the Company becomes or its Subsidiaries become entitled, that relate to tax Tax periods or partial periods ending on or before the Effective Closing Date, and the shall be paid by Buyer will pay the to Seller any such refund or the amount of any such credit within 15 10 days after receipt or entitlement thereto.

Appears in 2 contracts

Samples: Stock Purchase Agreement, Stock Purchase Agreement (Monotype Imaging Holdings Inc.)

Refunds and Tax Benefits. The Seller is entitled to receive any tax Any Tax refunds that are received by the Buyer or the Companyany Company or Company Subsidiary, and any amounts credited against tax Tax to which the Buyer or the any Company or Company Subsidiary becomes entitled, that relate to tax Tax periods or portions thereof ending on or before the Effective DateClosing Date shall be for the account of the Seller Parties, and the Buyer will shall pay over to the Seller Parties any such refund or the amount of any such credit (net of any Taxes of Buyer or any Company or Company Subsidiary attributable to such refund or credit) within 15 30 days after receipt or entitlement thereto.

Appears in 1 contract

Samples: Equity Purchase Agreement (Athenex, Inc.)

Refunds and Tax Benefits. The Seller is entitled to receive any tax Any Tax refunds that are received by Purchaser, the Buyer Company or the Companyits Subsidiaries, and any amounts credited against tax Tax to which the Buyer or Purchaser, the Company becomes or its Subsidiaries become entitled, that relate to tax Tax periods or portions thereof ending on or before the Effective DateClosing Date shall be for the account of the Shareholders, and Purchaser shall pay over to the Buyer will pay the Seller Shareholder Representative any such refund or the amount of any such credit within 15 fifteen (15) days after receipt or entitlement thereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Tri-S Security Corp)

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Refunds and Tax Benefits. The Seller is entitled to receive any tax Any Tax refunds that are received by the Buyer or the CompanyCompany and its Subsidiaries, and any amounts credited against tax Tax to which the Buyer or the Company becomes and its Subsidiaries become entitled, that relate to tax periods ending on or before the Effective DatePre-Closing Tax Period shall be for the account of Seller, and the Buyer will shall pay the Seller over to Sellers any such refund or the amount of any such credit within 15 days after receipt or entitlement thereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Diedrich Coffee Inc)

Refunds and Tax Benefits. The Seller is entitled to receive any tax Any income Tax refunds that are received by the Buyer or the Company, and any amounts credited against tax income Tax to which the Buyer or the Company becomes become entitled, that relate to tax income Tax periods or portions thereof ending on or before the Effective DateClosing Date shall be for the account of Members, and the Buyer will shall pay the Seller over to Members any such refund or the amount of any such credit within 15 days fifteen (15) Business Days after receipt or entitlement thereto.

Appears in 1 contract

Samples: Merger Agreement (Grove, Inc.)

Refunds and Tax Benefits. The Seller is entitled to receive any Any tax refunds that are received by the Buyer Purchaser or the Company, and any amounts credited against tax to which the Buyer Purchaser or the Company becomes entitled, become entitled that relate to tax periods or portions thereof ending on or before the Effective DateClosing Date shall be for the account of Seller, and the Buyer will Purchaser shall pay the over to Seller any such refund or the amount of any such credit within 15 thirty (30) days after receipt or entitlement thereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Telkonet Inc)

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