Common use of Refunds from Carrybacks Clause in Contracts

Refunds from Carrybacks. If Seller becomes entitled to a refund or credit of Taxes for any period for which it is liable under Section 5.2(a) to indemnify Purchaser and such Taxes are attributable solely to the carryback of losses, credits or similar items attributable to the Company and from a taxable year or period that begins after the Closing Date, Seller shall promptly pay to the Purchaser the amount of such refund or credit together with any interest thereon. In the event that any refund or credit of Taxes for which a payment has been made is subsequently reduced or disallowed, the Purchaser shall indemnify and hold harmless the Seller for any Tax liability, including interest and penalties, assessed against Seller by reason of the reduction or disallowance.

Refunds from Carrybacks. If Seller becomes entitled to a refund or credit of Taxes for any period for which it is liable under Section 5.2(a6.9(b)(1) to indemnify Purchaser and such Taxes are attributable solely to the carryback of losses, credits or similar items attributable to the Company and from a taxable year or period that begins after the Closing DateTime, Seller shall promptly pay to the Purchaser the amount of such refund or credit together with any interest thereon. In the event that any refund or credit of Taxes for which a payment has been made is subsequently reduced or disallowed, the Purchaser shall indemnify and hold harmless the Seller for any Tax tax liability, including interest and penalties, assessed against Seller by reason of the reduction or disallowance.

Refunds from Carrybacks. If Seller becomes entitled to a refund or credit of Taxes for any period for which it is liable under Section 5.2(a) to indemnify Purchaser Buyer and such Taxes are attributable solely to the carryback of losses, credits or similar items attributable to the Company Restructured Business Entities and from a taxable year or period that begins after the Closing Date, Seller shall promptly pay to the Purchaser Buyer the amount of such refund or credit together with any interest thereon. In the event that any refund or credit of Taxes for which a payment has been made is subsequently reduced or disallowed, the Purchaser Buyer shall indemnify and hold harmless the Seller for any Tax tax liability, including interest and penalties, assessed against Seller by reason of the reduction or disallowance.

Refunds from Carrybacks. If Seller becomes the Sellers become entitled to a refund or credit of Taxes for any period for which it is they are liable under Section 5.2(a12.1(a) to indemnify Purchaser the Buyer and such Taxes are attributable solely to the carryback of losses, credits or similar items attributable to the Company and from a taxable year or period that begins after the Closing Date, Seller the Sellers shall promptly pay to the Purchaser Buyer the amount of such refund or credit together with any interest thereon. In the event that any refund or credit of Taxes for which a payment has been made is subsequently reduced or disallowed, the Purchaser Buyer shall indemnify and hold harmless the Seller Sellers for any Tax tax liability, including interest and penalties, assessed against Seller the Sellers by reason of the reduction or disallowance.