Common use of Refunds or Credits Clause in Contracts

Refunds or Credits. Except as otherwise set forth in this Agreement, (i) to the extent any refunds or credits with respect to Taxes of the Company or the Subsidiaries are attributable to a Pre-Closing Tax Return, such refunds or credits shall be for the account of Seller, and (ii) to the extent that any refunds or credits with respect to Taxes of the Company or the Subsidiaries are attributable to a Post-Closing Tax Return, such refunds or credits shall be for the account of the Buyer. The Buyer shall, or cause its Affiliates or the Company and the Subsidiaries to, forward to Seller or to reimburse Seller for any such refunds or credits for the account of Seller within ten (10) business days from receipt thereof by the Buyer, any of its Affiliates or the Company and the Subsidiaries. Seller shall forward to the Buyer or reimburse the Buyer for any refunds or credits for the account of the Buyer within ten (10) business days from receipt thereof by Seller. Any refunds or reimbursements not made within the ten (10) business day period specified above shall bear interest from the date received by the refunding or reimbursing Party at the Prime Rate.

Refunds or Credits. Except as otherwise set forth in this Agreement, (i) to the extent any refunds or credits with respect to Taxes paid by or on behalf of the Company or the Subsidiaries and its subsidiaries are attributable to a Pre-Closing Tax ReturnPeriod, such refunds or credits shall be for the account of SellerWEUS, and (ii) to the extent that any refunds or credits with respect to Taxes paid by or on behalf of the Company or the Subsidiaries and its subsidiaries are attributable to a Post-Closing Tax ReturnPeriod, such refunds or credits shall be for the account of the BuyerParent. The Buyer shall, or Parent shall cause its Affiliates or the Company and the Subsidiaries to, to forward to Seller WEUS or to reimburse Seller WEUS for any such refunds or credits for the account of Seller WEUS within ten (10) 10 business days from receipt thereof by the Buyerany of Parent, any of its Affiliates affiliates or the Company and the SubsidiariesCompany. Seller WEUS shall forward to the Buyer Parent or reimburse the Buyer Parent for any refunds or credits for the account of the Buyer Parent within ten (10) 10 business days from receipt thereof by SellerWEUS. Any refunds or reimbursements not made within the ten (10) 10 business day period specified above shall bear interest from the date received by the refunding or reimbursing Party party at the Prime Rateprime interest rate published in the Wall Street Journal on the tenth business day of the period specified above.

Refunds or Credits. Except as otherwise set forth in this Agreement, (i) to the extent any refunds or credits with respect to Taxes of the Company or the Subsidiaries Companies are attributable to a Pre-Closing Tax ReturnPeriod, such refunds or credits shall be for the account of Seller, and (ii) to the extent that any refunds or credits with respect to Taxes of the Company or the Subsidiaries Companies are attributable to a Post-Closing Tax ReturnPeriod, such refunds or credits shall be for the account of the Buyer. The To the extent any refunds or credits with respect to Taxes of the Companies are attributable to a Straddle Period, such refund or credit shall be apportioned between Buyer and Seller based on the appropriate allocation method set forth in Section 6.1(c). Buyer shall, or shall cause its Affiliates or the Company and the Subsidiaries Companies to, forward to Seller or to reimburse Seller for any such refunds or credits for the account of Seller within ten (10) business days from receipt thereof by the any of Buyer, any of its Affiliates or the Company and the Subsidiariesany Company. Seller shall forward to the Buyer or reimburse the Buyer for any refunds or credits for the account of the Buyer within ten (10) business days from receipt thereof by SellerSeller or any of its Affiliates. Any refunds In respect of any Tax credit, Buyer shall pay Seller (or reimbursements not made within Seller shall pay Buyer as the ten case may be) only when Buyer (10or Seller as the case may be) business day period specified above shall bear interest from actually receives the date received benefit of such credit by the refunding or reimbursing Party at way of immediate reduction in the Prime Rateamount it would otherwise pay.

Refunds or Credits. Except as otherwise set forth in this Agreement, ------------------ (i) to the extent any refunds or credits with respect to Taxes of paid by the Company or the Subsidiaries Acquired Companies are attributable to a Pre-Closing Tax ReturnPeriod, such refunds or credits shall be for the account of Seller, and (ii) to the extent that any refunds or credits with respect to Taxes of paid by the Company or the Subsidiaries Acquired Companies are attributable to a Post-Closing Tax ReturnPeriod, such refunds or credits shall be for the account of the Buyer. The To the extent any refunds or credits with respect to Taxes paid by the Acquired Companies are attributable to a Straddle Period, such refund or credit with respect to Taxes shall be apportioned between Buyer shalland Seller based on the appropriate allocation method set forth in clauses (i), (ii) or (iii) of Section 11.3. Buyer shall cause its Affiliates or the Company and the Subsidiaries to, Acquired Companies to forward to ------------ to Seller or to reimburse Seller for any such refunds or credits for the account of Seller within ten (10) 10 business days from receipt thereof by the any of Buyer, any of its Affiliates or the Company and the SubsidiariesAcquired Companies. Seller shall forward to the Buyer or reimburse the Buyer for any refunds or credits for the account of the Buyer within ten (10) 10 business days from receipt thereof by Seller. Any refunds or reimbursements not made within the ten (10) 10 business day period specified above shall bear interest from the date received by the refunding or reimbursing Party at the Prime Rate.