Refunds of Tax. To the extent Northwest prepares and/or is responsible for pursuing any refunds or refund claims related to Pinnacle’s fuel, excise, sales, use, value-added or similar transactional taxes, Northwest shall be entitled to retain one hundred percent (100%) of the amount of any such refund, credit or other benefit. To the extent Pinnacle prepares or is responsible for pursuing any such refunds or refund claims, Pinnacle shall retain thirty percent (30%) of the amount of any such refund, credit or other benefit (inclusive of interest) it receives, and the remaining seventy percent (70%) (inclusive of interest) shall be paid to Northwest within ten (10) days of its receipt or recognition of benefit by Pinnacle. Any refunds, credits or other benefits received related to Pinnacle’s property taxes will be retained by Pinnacle and will act to reduce Pinnacle’s direct expenses pursuant to Section 5.06(l).
Refunds of Tax. To the extent Delta prepares and/or is responsible for pursuing any refunds or refund claims related to Pinnacle’s or Mesaba’s fuel, excise, sales, use, value-added or similar transactional taxes, Delta shall be entitled to retain one hundred percent (100%) of the amount of any such refund, credit or other benefit. To the extent Pinnacle or Mesaba prepares or is responsible for pursuing any such refunds or refund claims, Pinnacle and Mesaba, together, shall retain thirty percent (30%) of the amount of any such refund, credit or other benefit (inclusive of interest) it receives, and the remaining seventy percent (70%) (inclusive of interest) shall be paid to Delta within ten (10) days of its receipt or recognition of benefit by Pinnacle or Mesaba. Any refunds, credits or other benefits received related to Pinnacle’s or Mesaba’s property taxes will be retained by Pinnacle and Mesaba and will act to reduce Pinnacle’s and Mesaba’s direct expenses pursuant to Section 5.06(l).
Refunds of Tax. Pinnacle shall use its reasonable best efforts to seek any and all applicable refunds or credits of excise, sales, use, value-added, or similar transactional taxes paid by Pinnacle that are reimbursed by Northwest pursuant to this Agreement. Pinnacle shall retain ten percent (10%) of the amount of any such refund, credit or other benefit (inclusive of interest) it receives, and the remaining ninety percent (90%) (inclusive of interest) shall be paid to Northwest within ten (10) days of its receipt or recognition of benefit by Pinnacle.
Refunds of Tax. To the extent Delta prepares and/or is responsible for pursuing any refunds or refund claims related to Pinnacle’s fuel, excise, sales, use, value-added or similar transactional taxes, Delta shall be entitled to retain one hundred percent (100%) of the amount of any such refund, credit or other benefit. To the extent Pinnacle prepares or is responsible for pursuing any such refunds or refund claims, Pinnacle, together, shall retain thirty percent (30%) of the amount of any such refund, credit or other benefit (inclusive of interest) it receives, and the remaining seventy percent (70%) (inclusive of interest) shall be paid to Delta within ten (10) days of its receipt or recognition of benefit by Pinnacle. Any refunds, credits or other benefits received related to Pinnacle’s property taxes will be retained by Pinnacle and will act to reduce Pinnacle’s direct expenses pursuant to Section 5.06(l).
Refunds of Tax. If a Recipient determines in its reasonable discretion that it has received a refund of Taxes that were indemnified pursuant to this Section 2.13 or with respect to which any Obligor paid additional amounts pursuant to this Section 2.13, it shall pay the amount of such refund to Borrower (but only to the extent of indemnity payments or additional amounts actually paid by the Obligors with respect to the Taxes giving rise to the refund), net of all out-of-pocket expenses (including Taxes) incurred by such Recipient and without interest (other than interest paid by the relevant Governmental Authority with respect to such refund). The Obligors shall, upon request by the Recipient, repay to the Recipient such amount paid over to the Obligors (plus any penalties, interest or other charges imposed by the relevant Governmental Authority) if the Recipient is required to repay such refund to the Governmental Authority. Notwithstanding anything herein to the contrary, no Recipient shall be required to pay any amount to the Obligors if such payment would place it in a less favorable net after-Tax position than it would have been in if the Tax subject to indemnification and giving rise to such refund had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid.
Refunds of Tax. If any relevant Borrower pays to any Lender any additional amount under clause 11.1 (Gross up) by reason of a deduction or withholding for or on account of Taxes and that Lender actually obtains a refund of Tax, or credit against Tax, by reason of the payment of that additional amount and that Lender is able to identify such refund or credit as being attributable to that payment, then the Lender obtaining such refund or credit (the "Recipient Lender") will reimburse to such Borrower such amount as the Recipient Lender determines to be the proportion of the credit or refund in question as will leave the Recipient Lender (after that reimbursement) in no better or worse position than that in which it would have been had the payment of the additional amount concerned not been required, but the Recipient Lender need not make any reimbursement if it believes the making of the reimbursement will cause it to lose the benefit of the credit or refund or any other relief or allowance which may be available to it. Each Lender will have an absolute discretion as to whether to claim any credit for or refund of Taxes and, if it does claim, the extent, order and manner in which it does so. No Lender will be obliged to disclose any information regarding its Tax affairs or computations to any relevant Borrower.
Refunds of Tax. To the extent Northwest prepares and/or is responsible for pursuing any refunds or refund claims related to Mesaba’s aviation fuel, excise, sales, use, value-added or similar transactional taxes, Northwest shall be entitled to retain *** of the amount of any such refund, credit or other benefit. To the extent Mesaba prepares or is responsible for pursuing any such refunds or refund claims, Mesaba shall retain *** of the amount of any such refund, credit or other benefit (inclusive of interest) it receives, and the remaining *** (inclusive of interest) shall be paid to Northwest within ten (10) days of its receipt or recognition of benefit by Mesaba. Any refunds, credits or other benefits received related to Mesaba’s property taxes on Avro Regional Jet Aircraft and aircraft parts will be remitted to Northwest within ten (10) days of its receipt or recognition of benefit by Mesaba. All other refunds, credits or other benefits received related to Mesaba’s property taxes will be retained by Mesaba.
Refunds of Tax. If the adjustments agreed upon with the IRS result in a refund of taxes to a Consolidated Subsidiary, Parent shall pay to such Subsidiary interest from the original due date of the return with respect to which such refund relates to the date on which Parent received final settlement from the IRS for the adjustment to taxes and shall be calculated at the rates used for the period or periods in question by the IRS. The refund of interest shall be computed for such Consolidated Subsidiary without regard to the refund of or liability for interest of the Consolidated Group. Parent shall refund any tax and interest due such Consolidated Subsidiary within fifteen (15) days after receiving final settlement from the IRS.
