We use cookies on our site to analyze traffic, enhance your experience, and provide you with tailored content.

For more information visit our privacy policy.

Common use of Refunds Clause in Contracts

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 18 contracts

Samples: Credit Agreement (Kaiser Aluminum Corp), Credit Agreement (Hudson Technologies Inc /Ny), Credit Agreement (Hudson Technologies Inc /Ny)

AutoNDA by SimpleDocs

Refunds. If a Lender or the Administrative Agent (as the case may be) shall become aware that it is entitled to claim a refund (or a Lender determinesrefund in the form of a credit) (each, a “Refund”) from a Governmental Authority (as a result of any error in the amount of Taxes or Other Taxes paid to such Governmental Authority or otherwise) of Taxes or Other Taxes which a Borrower has paid, or with respect to which a Borrower has paid additional amounts, pursuant to this Section 4.4, it shall promptly notify such Borrower of the availability of such Refund and shall, within 30 days after receipt of written notice by such Borrower, make a claim to such Governmental Authority for such Refund at such Borrower’s expense if, in its sole discretionthe judgment of such Lender or the Administrative Agent (as the case may be), the making of such claim will not be otherwise disadvantageous to it; provided that it has received nothing in this subsection (c) shall be construed to require any Lender or the Administrative Agent to institute any administrative proceeding (other than the filing of a refund claim for any such Refund) or judicial proceeding to obtain such Refund. If a Lender or the Administrative Agent (as the case may be) receives a Refund from a Governmental Authority (as a result of any Indemnified error in the amount of Taxes or Other Taxes paid to such Governmental Authority or otherwise) of any Taxes or Other Taxes which have been paid by a Borrower, or with respect to which the Loan Parties have a Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing4.4, it shall promptly pay over to such refund to Borrower the Administrative Borrower on behalf of the Loan Parties amount so received (but only to the extent of payments made, or additional amounts paid, by the Loan Parties such Borrower under this Section 16 4.4 with respect to Indemnified Taxes or Other Taxes giving rise to such a refundRefund), net of all reasonable out-of-pocket expenses (including the net amount of Agent or taxes, if any, imposed on such Lender or the Administrative Agent with respect to such Refund) of such Lender or Administrative Agent, and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refundRefund); provided, however, that the Loan Partiessuch Borrower, upon the request of Agent Lender or such Lenderthe Administrative Agent, agrees to repay the amount paid over to the Loan Parties such Borrower (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender or the Administrative Agent in the event Agent or such Lender or the Administrative Agent is required to repay such refund Refund to such Governmental Authority. Notwithstanding anything Nothing contained in this Agreement to the contrary, this Section 16 4.4(c) shall not be construed to require Agent or any Lender or the Administrative Agent to make available any of its tax returns (or any other information which that it deems confidential) to Loan Parties be confidential or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidproprietary).

Appears in 12 contracts

Samples: Revolving Credit Agreement (Dominion Resources Inc /Va/), Revolving Credit Agreement (Dominion Resources Inc /Va/), Credit Agreement (Virginia Electric & Power Co)

Refunds. If a Lender or the Administrative Agent (as the case may be) shall become aware that it is entitled to claim a refund (or a Lender determinesrefund in the form of a credit) (each, a “Refund”) from a Governmental Authority (as a result of any error in the amount of Taxes or Other Taxes paid to such Governmental Authority or otherwise) of Taxes or Other Taxes which a Borrower has paid, or with respect to which a Borrower has paid additional amounts, pursuant to this Section 4.4, it shall promptly notify such Borrower of the availability of such Refund and shall, within 30 days after receipt of written notice by such Borrower, make a claim to such Governmental Authority for such Refund at such Borrower’s expense if, in its sole discretionthe judgment of such Lender or the Administrative Agent (as the case may be), the making of such claim will not be otherwise materially disadvantageous to it; provided that it has received nothing in this subsection (e) shall be construed to require any Lender or the Administrative Agent to institute any administrative proceeding (other than the filing of a refund claim for any such Refund) or judicial proceeding to obtain such Refund. If a Lender or the Administrative Agent (as the case may be) receives a Refund from a Governmental Authority (as a result of any Indemnified error in the amount of Taxes or Other Taxes paid to such Governmental Authority or otherwise) of any Taxes or Other Taxes which have been paid by a Borrower, or with respect to which the Loan Parties have a Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing4.4, it shall promptly pay over to such refund to Borrower the Administrative Borrower on behalf of the Loan Parties amount so received (but only to the extent of payments made, or additional amounts paid, by the Loan Parties such Borrower under this Section 16 4.4 with respect to Indemnified Taxes or Other Taxes giving rise to such a refundRefund), net of all reasonable out-of-pocket expenses (including the net amount of Agent or taxes, if any, imposed on such Lender or the Administrative Agent with respect to such Refund) of such Lender or Administrative Agent, and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refundRefund); provided, however, that the Loan Partiessuch Borrower, upon the request of Agent Lender or such Lenderthe Administrative Agent, agrees to repay the amount paid over to the Loan Parties such Borrower (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender or the Administrative Agent in the event Agent or such Lender or the Administrative Agent is required to repay such refund Refund to such Governmental Authority. Notwithstanding anything Nothing contained in this Agreement to the contrary, this Section 16 4.4(e) shall not be construed to require Agent or any Lender or the Administrative Agent to make available any of its tax returns (or any other information which that it deems confidential) to Loan Parties be confidential or any other Person or require proprietary). Notwithstanding anything to the contrary in this paragraph (e), in no event will the Administrative Agent or any Lender be required to pay any amount to an indemnifying party any Borrower pursuant to Section 16.4, this paragraph (e) the payment of which would place the Administrative Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than the Administrative Agent or such Person Lender would have been in if the Tax subject to indemnification and payments or additional amounts 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.

Appears in 11 contracts

Samples: Revolving Credit Agreement (Virginia Electric & Power Co), Revolving Credit Agreement (Dominion Energy South Carolina, Inc.), Revolving Credit Agreement (Virginia Electric & Power Co)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such LenderXxxxxx, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 10 contracts

Samples: Credit Agreement (Unifi Inc), Credit Agreement (Kaiser Aluminum Corp), Credit Agreement (Hudson Technologies Inc /Ny)

Refunds. If Agent or a Lender any party determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes as to which the Loan Parties have paid it has been indemnified pursuant to this Section 2.15 (including additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing2.15), it shall pay over to the indemnifying party an amount equal to such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties made under this Section 16 2.15 with respect to Indemnified the Taxes giving rise to such a refund), net of all out-of-pocket expenses (including Taxes) of Agent or such Lender indemnified party and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, that the Loan Parties. Such indemnifying party, upon the request of Agent or such Lenderindemnified party, agrees shall repay to repay such indemnified party the amount paid over pursuant to the Loan Parties this paragraph (h) (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than ) if such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (h), in no event will the contrary, this Section 16 shall not indemnified party be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party pursuant to Section 16.4, this paragraph (h) the payment of which would place Agent or such Lender (or their Affiliates) the indemnified party in a less favorable net after-Tax position than such Person the indemnified party would have been in if the Tax subject to indemnification and payments or additional amounts 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. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person.

Appears in 8 contracts

Samples: Credit Agreement (Apollo Debt Solutions BDC), Credit Agreement (Kennedy Lewis Capital Co), Credit Agreement (Kennedy Lewis Capital Co)

Refunds. If Agent the Senior Facility Agent, Swing Line Lender, any Senior Issuing Bank or a any Senior Lender determines, in its sole and absolute discretion, that it has received a refund of any Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing5.06, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise an amount equal to such a refund), net of all out-of-pocket expenses of Agent (including Taxes) incurred by the Senior Facility Agent, Swing Line Lender, such Senior Issuing Bank or such Lender Senior Lender, as the case may be, and without interest (other than any interest paid by the applicable Governmental relevant Government Authority with respect to such a refund); provided, that provided that, (i) the Loan PartiesBorrower, upon the request of Agent the Senior Facility Agent, Swing Line Lender, such Senior Issuing Bank or such LenderSenior Lender (as the case may be), agrees to shall repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable Governmental relevant Government Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent the Senior Facility Agent, Swing Line Lender, such Senior Issuing Bank or such Senior Lender in the event Agent the Senior Facility Agent, the Swing Line Lender, such Senior Issuing Bank or such Senior Lender is required to repay such refund to such Governmental Government Authority. Notwithstanding anything , and (ii) in this Agreement to the contraryno event will such Senior Facility Agent, this Section 16 shall not Swing Line Lender, Senior Issuing Bank or Senior Lender be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party the Borrower pursuant to this Section 16.45.06(h), the payment of which would place Agent such Senior Facility Agent, Swing Line Lender, Senior Issuing Bank or such Senior Lender (or their Affiliates) in a less favorable net after-Tax position than such Person Senior Facility Agent, Swing Line Lender, Senior Issuing Bank or Senior Lender 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. This subsection shall not be construed to require the Senior Facility Agent, Swing Line Lender, any Senior Issuing Bank or any Senior Lender to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person.

Appears in 8 contracts

Samples: Common Terms Agreement (Sabine Pass Liquefaction, LLC), Common Terms Agreement (Cheniere Energy, Inc.), Common Terms Agreement (Cheniere Energy Partners, L.P.)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to for which the Loan Parties have paid it has received additional amounts pursuant to this Section 1617, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the applicable Loan Parties Party (but only to the extent of payments made, or additional amounts paid, by the applicable Loan Parties Party under this Section 16 17 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the applicable Loan PartiesParty, upon the request of Agent or such Lender, agrees to repay the amount paid over to the applicable Loan Parties Party (plus any penalties, interest or other charges, charges imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the bad faith, willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionhereunder) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to Section 17.4, in no event will the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender be required to pay any amount to an indemnifying party a Loan Party pursuant to this Section 16.4, 17.4 the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person the Lender or Agent 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. Notwithstanding anything in this Agreement to the contrary, this Section 17.4 shall not be construed to require Agent or any Lender to make available its Tax returns (or any other information which it deems confidential) to the applicable Loan Party or any other Person.

Appears in 7 contracts

Samples: Asset Based Revolving Credit Agreement (Cleveland-Cliffs Inc.), Asset Based Revolving Credit Agreement (Cleveland-Cliffs Inc.), Asset Based Revolving Credit Agreement (Cleveland-Cliffs Inc.)

Refunds. If Agent the Administrative Agent, a Lender or a an Issuing Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes or Other Taxes as to which the Loan Parties have it has been indemnified by a Borrower or with respect to which a Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over such refund to the Administrative such Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties such Borrower under this Section 16 with respect to the Indemnified Taxes or Other Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender or such Issuing Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan Partiessuch Borrower, upon the request of the Administrative Agent or such Lender or such Issuing Lender, agrees to repay the amount paid over to the Loan Parties such Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Administrative Agent or such Lender or such Issuing Lender in the event the Administrative Agent or such Lender or such Issuing Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this This Section 16 shall not be construed to require Agent the Administrative Agent, any Lender or any Issuing Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to Loan Parties the Company, any of its Subsidiaries or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 7 contracts

Samples: First Amendment (1 800 Flowers Com Inc), Credit Agreement (1 800 Flowers Com Inc), Credit Agreement (1 800 Flowers Com Inc)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to which (including by the Loan Parties have paid payment of additional amounts pursuant to this Section 1616.1), so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan PartiesBorrower, upon the request of Agent or such Lender, agrees agree to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionhereunder) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to Section 16.4), in no event will the contrary, this Section 16 shall not indemnified party be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party pursuant to this Section 16.4, 16.4 the payment of which would place Agent or such Lender (or their Affiliates) the indemnified party in a less favorable net after-Tax position than such Person the indemnified party 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. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its Tax returns (or any other information which it deems confidential) to Borrower or any other Person.

Appears in 5 contracts

Samples: Credit Agreement (Jack Cooper Holdings Corp.), Credit Agreement (Jack Cooper Holdings Corp.), Credit Agreement (Jack Cooper Holdings Corp.)

Refunds. If Agent or a Lender any party determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes as to which it has been indemnified pursuant to this Section (including by the Loan Parties have paid payment of additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection), it shall pay over to the indemnifying party an amount equal to such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties made under this Section 16 with respect to Indemnified the Taxes giving rise to such a refund), net of all out-of-pocket expenses (including Taxes) of Agent or such Lender indemnified party and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, that the Loan Parties. Such indemnifying party, upon the request of Agent or such Lenderindemnified party, agrees shall repay to repay such indemnified party the amount paid over pursuant to the Loan Parties this paragraph (j) (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or that such Lender indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (j), in no event will the contrary, this Section 16 shall not indemnified party be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party pursuant to Section 16.4, this paragraph (j) the payment of which would place Agent or such Lender (or their Affiliates) the indemnified party in a less favorable net after-Tax position than such Person the indemnified party 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. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person.

Appears in 5 contracts

Samples: Receivables Financing Agreement (Evoqua Water Technologies Corp.), Receivables Purchase Agreement (Chemours Co), Receivables Financing Agreement (Evoqua Water Technologies Corp.)

Refunds. If Administrative Agent or a Lender determines, in its sole discretion, exercised in good faith, that it has received a refund of any Indemnified Taxes as to which the Loan Parties have it has been indemnified by Borrower or with respect to which Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing2.13, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 2.13 with respect to Indemnified the Taxes giving rise to such a refund), net of all out-of-pocket expenses of Administrative Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, that the Loan PartiesBorrower, upon the request of Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Administrative Agent or such Lender in the event Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (g), in no event will the contrary, this Section 16 shall not indemnified party be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party pursuant to Section 16.4, this paragraph (g) the payment of which would place Agent or such Lender (or their Affiliates) the indemnified party in a less favorable net after-Tax position than such Person the indemnified party 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. This paragraph (g) shall not be construed to require Administrative Agent or any Lender to make available its tax returns (or any other information relating to its Taxes which it deems confidential) to Borrower or any other Person.

Appears in 4 contracts

Samples: Credit Agreement (Warren Resources Inc), Second Lien Credit Agreement (Warren Resources Inc), Credit Agreement (Warren Resources Inc)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or including any additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties pursuant to this Section 16.4 (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 4 contracts

Samples: Credit Agreement (Liberty Energy Inc.), Credit Agreement (Liberty Oilfield Services Inc.), Credit Agreement (Liberty Oilfield Services Inc.)

Refunds. If Agent the Administrative Agent, a Lender or a an Issuing Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by a Loan Party or with respect to which the Loan Parties have Party has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Party (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Party under this Section 16 with respect to the Indemnified Taxes or Other Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender or such Issuing Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan PartiesParty, upon the request of the Administrative Agent or such Lender or such Issuing Lender, agrees to repay the amount paid over to the Loan Parties Party (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Administrative Agent or such Lender or such Issuing Lender in the event the Administrative Agent or such Lender or such Issuing Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (g), in no event will the contrary, this Section 16 shall not be construed to require Administrative Agent or any such Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any such Issuing Lender be required to pay any amount to an indemnifying party pursuant to Section 16.4, this paragraph (g) the payment of which would place the Administrative Agent or such Lender (or their Affiliates) such Issuing Lender in a less favorable net after-Tax position than the Administrative Agent or such Person Lender or such Issuing Lender 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. This Section shall not be construed to require the Administrative Agent, any Lender or any Issuing Lender to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the Loan Party, any of its Subsidiaries or any other Person.

Appears in 4 contracts

Samples: Credit Agreement (Cars.com Inc.), Credit Agreement (Cars.com Inc.), Credit Agreement (Cars.com Inc.)

Refunds. If the Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes as to which the Loan Parties have it has been indemnified by any Obligor or with respect to which any Obligor has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing5.8, it shall pay over to such Obligor an amount equal to such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties such Obligor under this Section 16 5.8 with respect to Indemnified the Taxes giving rise to such a refund), net of all out-of-pocket expenses (including Taxes) of the Agent or such Lender Lender, as the case may be, and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan Parties(i) such Obligor, upon the request of the Agent or such Lender, Lender agrees to repay the amount paid over to the Loan Parties such Obligor (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Agent or such Lender in the event the Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 Authority and (ii) nothing herein contained shall not be construed to require Agent or obligate any Lender or the Agent to make available its tax returns (or disclose any information relating to its tax affairs or any computations in respect thereof or require any Lender or the Agent to do anything that would prejudice its ability to benefit from any other information refunds, credits, reliefs, remissions or repayments to which it deems confidential) may be entitled. Notwithstanding anything to Loan Parties or any other Person or require the contrary, in no event will the Agent or any Lender be required to pay any amount to an indemnifying party pursuant to Section 16.4, any Obligor the payment of which would place the Agent or such Lender (or their Affiliates) Lender, as applicable, in a less favorable net after-Tax after tax position than the Agent or such Person Lender, as applicable, would have been in if the Tax subject to indemnification and payments or additional amounts 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.

Appears in 4 contracts

Samples: Credit and Guaranty Agreement (Milacron Holdings Corp.), Amendment No. 2 (Milacron Holdings Corp.), Amendment No. 1 (Milacron Holdings Corp.)

Refunds. If Agent the Administrative Agent, a Lender or a an Issuing Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by a Loan Party or with respect to which the Loan Parties have Party has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Party (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Party under this Section 16 with respect to the Indemnified Taxes or Other Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender or such Issuing Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan PartiesParty, upon the request of the Administrative Agent or such Lender or such Issuing Lender, agrees to repay the amount paid over to the Loan Parties Party (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Administrative Agent or such Lender or such Issuing Lender in the event the Administrative Agent or such Lender or such Issuing Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (g), in no event will the contrary, this Section 16 shall not be construed to require Administrative Agent or any such Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any such Issuing Lender be required to pay any amount to an indemnifying party pursuant to Section 16.4, this paragraph (g) the payment of which would place the Administrative Agent or such Lender (or their Affiliates) such Issuing Lender in a less favorable net after-Tax position than the Administrative Agent or such Person Lender or such Issuing Lender 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. This Section shall not be construed to require the Administrative Agent, any Lender or any Issuing Lender to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the Loan Party, any of its Subsidiaries or any other Person.

Appears in 4 contracts

Samples: Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc), Credit Agreement (Douglas Dynamics, Inc)

Refunds. If the Administrative Agent or a Lender determines, in its sole reasonable discretion, that it has received a refund of any Indemnified Taxes or Other Taxes from the Governmental Authority to which such Taxes or Other Taxes were paid or determines in its sole discretion exercised in good faith that it has obtained the Loan Parties have benefit of a credit for Taxes as to which it has been indemnified by any Borrower or with respect to which such Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over such refund or the net benefit attributable to the Administrative such credit to such Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties such Borrower under this Section 16 with respect to Indemnified the Taxes or Other Taxes giving rise to such a refundrefund or credit), net of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refundrefund or credit); provided, provided that the Loan Partiessuch Borrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties such Borrower (plus any penalties, interest to the extent accrued from the date such refund or other charges, imposed by the applicable Governmental Authority, other than credit is paid over to such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionBorrower) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund or credit to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this This Section 16 shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to Loan Parties any Borrower or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 3 contracts

Samples: 364 Day Credit Agreement (NYSE Euronext), 364 Day Credit Agreement (NYSE Euronext), 364 Day Credit Agreement (NYSE Euronext)

Refunds. If Agent or any Creditor Party (including a Lender determines, transferee) determines in its sole discretion, discretion that it has received is entitled to claim a refund from a Governmental Authority in respect of any Indemnified Covered Taxes or Other Taxes with respect to which any of the Loan Parties have Borrowers or Guarantors has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it will promptly notify the applicable Borrower or Guarantor of the availability of such refund claim and shall, within twenty (20) days after receipt of a written request by such Borrower or Guarantor, make a claim to the Governmental Authority for such refund at such Borrower’s or Guarantor’s expense. If any Creditor Party receives a refund (including a refund made pursuant to the preceding sentence) in respect of any Covered Taxes or Other Taxes with respect to which a Borrower or Guarantor has paid additional amounts pursuant to this Section, such Creditor Party shall within ten (10) Business Days from the date of the receipt pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only solely to the extent of payments madesuch Borrower’s or Guarantor’s payment, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such plus a refund), net pro rata portion of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund)) to such Borrower or Guarantor, net of all out of pocket expenses of such Creditor Party incurred in connection with obtaining such refund, including reasonable attorneys fees; provided, however, that the Loan Partiessuch Borrower or Guarantor, upon the request of Agent or such LenderCreditor Party, agrees to repay the amount paid over to the Loan Parties such Borrower or Guarantor (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender the applicable Creditor Party in the event Agent or such Lender Creditor Party is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this This Section 16 shall not be construed to require Agent or any Lender Creditor Party to make available its tax returns (or any other information which relating to its taxes that it deems confidential) to Loan Parties a Borrower, a Guarantor or any other Person or require Agent or Person. Notwithstanding anything to the contrary, in no event will any Lender Creditor Party be required to pay any amount to an indemnifying party pursuant to under this Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) Creditor Party in a less favorable net after-Tax tax position than such Person Creditor Party would have been in if the Tax subject to indemnification and additional amounts giving rise to such refund had not been deducted, withheld of any Covered Taxes or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax Other Taxes had never been paid.

Appears in 3 contracts

Samples: Revolving Credit and Term Loan Agreement (Centerline Holding Co), Revolving Credit and Term Loan Agreement (Centerline Holding Co), Revolving Credit and Term Loan Agreement (Centerline Holding Co)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes as to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 3 contracts

Samples: Credit Agreement (Concrete Pumping Holdings, Inc.), Credit Agreement (Concrete Pumping Holdings, Inc.), Credit Agreement (Concrete Pumping Holdings, Inc.)

Refunds. If the Agent or a any Lender determines, in its sole discretion, becomes aware that it has received is entitled to claim a refund from a Governmental Authority or other taxation authority in respect of any Indemnified Non-Excluded Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 162.9 it shall promptly notify the Borrower of the availability of such refund claim and shall, so long within 30 days after receipt of a request by the Borrower, make a claim to such Governmental Authority or taxation authority for such refund at the Borrower’s expense. If the Agent or any Lender receives a refund (including pursuant to a claim made pursuant to the preceding sentence) in respect of any Non-Excluded Taxes or Other Taxes as no Default to which it has been indemnified by the Borrower or Event of Default with respect to which the Borrower has occurred and is continuingpaid additional amounts pursuant to this Section 2.9, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 2.9 with respect to Indemnified the Non-Excluded Taxes or Other Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority or taxation authority with respect to such a refund); provided, that the Loan PartiesBorrower, upon the request of the Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest Authority or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictiontaxation authority) to Agent or such Lender in the event the Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 This paragraph shall not be construed to require the Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to Loan Parties the Borrower or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 3 contracts

Samples: Credit Agreement (Addus HomeCare Corp), Credit Agreement (Addus HomeCare Corp), Credit Agreement (Addus HomeCare Corp)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 3 contracts

Samples: Credit Agreement (CVR Energy Inc), Credit Agreement (CVR Partners, Lp), Credit Agreement (Flexsteel Industries Inc)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such LenderXxxxxx, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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. 17.

Appears in 3 contracts

Samples: Credit Agreement (Nautilus, Inc.), Credit Agreement (Nautilus, Inc.), Term Loan Credit Agreement (Nautilus, Inc.)

Refunds. If the Administrative Agent or a Lender determines, in its sole discretion, exercised in good faith, that it has received a refund of any Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing2.13, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 2.13 with respect to Indemnified the Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, that the Loan PartiesBorrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (g), in no event will the contrary, this Section 16 shall not indemnified party be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party pursuant to Section 16.4, this paragraph (g) the payment of which would place Agent or such Lender (or their Affiliates) the indemnified party in a less favorable net after-Tax position than such Person the indemnified party 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. This paragraph (g) shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its Taxes which it deems confidential) to the Borrower or any other Person.

Appears in 3 contracts

Samples: Credit Agreement (Warren Resources Inc), Restructuring Support Agreement (Warren Resources Inc), Restructuring Support Agreement (Warren Resources Inc)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or including any additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such LenderXxxxxx, agrees to repay the amount paid over to the Loan Parties pursuant to this Section 16.4 (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 3 contracts

Samples: Credit Agreement (Liberty Energy Inc.), Credit Agreement (Liberty Energy Inc.), Credit Agreement (Liberty Energy Inc.)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan PartiesBorrower, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionhereunder) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender (i) to make available its tax returns (or any other information which it deems confidential) to Loan Parties Borrower or any other Person or require Agent or any Lender (ii) to pay any amount to an indemnifying party pursuant to this Section 16.4, 16.4 the payment of which would place Agent or such Lender or Agent (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 3 contracts

Samples: Credit Agreement (Asure Software Inc), Credit Agreement (Asure Software Inc), Credit Agreement (Asure Software Inc)

Refunds. If the Commercial Banks Facility Agent or a any Commercial Bank Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing4.06, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise an amount equal to such a refund), net of all out-of-pocket expenses of (including Taxes) incurred by the Commercial Banks Facility Agent or such Lender Commercial Bank Lender, as the case may be, and without interest (other than any interest paid by the applicable Governmental relevant Government Authority with respect to such a refund); provided, that provided that, (i) the Loan PartiesBorrower, upon the request of the Commercial Banks Facility Agent or such LenderCommercial Bank Lender (as the case may be), agrees to shall repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable Governmental relevant Government Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Commercial Banks Facility Agent or such Commercial Bank Lender in the event the Commercial Banks Facility Agent or such Commercial Bank Lender is required to repay such refund to such Governmental Government Authority. Notwithstanding anything , and (ii) in this Agreement to the contrary, this Section 16 shall not be construed to require no event will such Commercial Banks Facility Agent or any Commercial Bank Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender be required to pay any amount to an indemnifying party the Borrower pursuant to this Section 16.44.06(h), the payment of which would place such Commercial Banks Facility Agent or such Commercial Bank Lender (or their Affiliates) in a less favorable net after-Tax position than such Person Commercial Banks Facility Agent or Commercial Bank Lender 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. This subsection shall not be construed to require the Commercial Banks Facility Agent or any Commercial Bank Lender to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person.

Appears in 2 contracts

Samples: Credit Agreement (Cheniere Energy Partners, L.P.), Credit Agreement

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax Tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to this Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 2 contracts

Samples: Credit Agreement (Pioneer Energy Services Corp), Credit Agreement (Pioneer Energy Services Corp)

Refunds. If Agent the Administrative Agent, a Lender or a an Issuing Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes as to which the it has been indemnified by any Loan Parties have Party or with respect to which any Loan Party has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over such refund to the Administrative Borrower on behalf of the such Loan Parties Party (but only to the extent of indemnity payments made, or additional amounts paid, by the such Loan Parties Party under this Section 16 with respect to the Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent the Administrative Agent, such Lender or such Lender Issuing Lender, as the case may be, and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the such Loan PartiesParty, upon the request of Agent the Administrative Agent, such Lender or such Issuing Lender, agrees to repay the amount paid over to the such Loan Parties Party (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent the Administrative Agent, such Lender or such Issuing Lender in the event Agent the Administrative Agent, such Lender or such Issuing Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (g), in no event will the contraryAdministrative Agent, this Section 16 shall not such Lender or such Issuing Lender be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party a Loan Party pursuant to Section 16.4, this paragraph (g) the payment of which would place Agent the Administrative Agent, such Lender or such Issuing Lender (or their Affiliates) in a less favorable net after-Tax position than the Administrative Agent, such Person Lender or such Issuing Lender 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. This Section shall not be construed to require the Administrative Agent, any Lender or any Issuing Lender to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to any Loan Party or any other Person.

Appears in 2 contracts

Samples: Credit Agreement (Brunswick Corp), Credit Agreement (Brunswick Corp)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes as to which the Loan Parties it has been indemnified by Borrowers or with respect to which Borrowers have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Borrowers (but only to the extent of payments made, or additional amounts paid, by the Loan Parties Borrowers under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, that the Loan PartiesBorrowers, upon the request of Agent or such Lender, agrees agree to repay the amount paid over to the Loan Parties Borrowers (plus any penalties, interest or other charges, imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the bad faith, willful misconduct or gross negligence of Agent or such Lender hereunder as finally determined by a court of competent jurisdictionhereunder) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to the contrarySection 16.4, this Section 16 shall not be construed to require in no event will an Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender Lender, as the case may be, be required to pay any amount to an indemnifying party Borrowers pursuant to this Section 16.4, 16.4 the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax tax position than such Person the Agent or Lender would have been in if the Tax 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 tax had never been paid. Notwithstanding anything in this Agreement to the contrary, this Section 16.4 shall not be construed to require Agent or any Lender to make available its tax returns (or any other confidential information which it in good xxxxx xxxxx confidential) to any Borrower or any other Person.

Appears in 2 contracts

Samples: Senior Secured Debtor in Possession Credit Agreement (Colt Finance Corp.), Credit Agreement (Colt Finance Corp.)

Refunds. (a) If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes or Other Taxes with respect to which the Borrower hasthe Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Borrowerthe Loan Parties under this Section 16 with respect to Indemnified Taxes or Other Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, that the Borrowerthe Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Borrowerthe Loan Parties (plus any penalties, interest or other charges, imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or such Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Borrowerthe Loan Parties or any other Person. (b) Subject to the first sentence of Section 16.4(a), upon the reasonable request of Borrower (and at Borrower’s expense), a Lender or Agent, as applicable, shall in its sole discretion, exercised in good faith, use reasonable efforts to cooperate with Borrower with a view to obtaining a refund of any Indemnified Taxes with respect to which Borrower has paid additional amounts pursuant to this Section 16 and which Borrower, on advice of counsel, reasonably believes were not correctly or legally asserted by the relevant Governmental Authority; provided that neither Agent nor any Lender shall be required to (i) take any action that Agent or such Lender determines, in its sole discretion, would have an adverse effect on Agent or such Lender or (ii) disclose any information that it deems to be confidential. (c) Each Lender agrees that, as promptly as practicable after the occurrence of any event giving rise to the operation of Section 16 with respect to such Lender, it will use reasonable, good faith efforts (subject to overall policy considerations of such Lender) to eliminate or reduce any additional payment which may thereafter accrue, including by designating another lending office or assigning its rights and obligations hereunder to another of its offices, branches or Affiliates with the object of avoiding the consequences of such event; provided, that such designation or other action is made on terms that, in the sole judgment of such Lender, cause such Lender and its lending office(s) to suffer no economic, legal or regulatory disadvantage, and provided, further, that nothing in this Section shall affect or postpone any of the obligations or rights of Borrower or any Lender pursuant to this Section 16. (d) Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 2 contracts

Samples: Credit Agreement (AdvancePierre Foods Holdings, Inc.), Credit Agreement (AdvancePierre Foods Holdings, Inc.)

Refunds. If Agent, Revolving Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent, Revolving Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent, Revolving Agent or such LenderXxxxxx, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent, Revolving Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent, Revolving Agent or such Lender in the event Agent, Revolving Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent, Revolving Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent, Revolving Agent or any Lender to pay any amount to an indemnifying party pursuant to this Section 16.4, the payment of which would place Agent, Revolving Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 2 contracts

Samples: Credit Agreement (Comtech Telecommunications Corp /De/), Term Loan Agreement (Comtech Telecommunications Corp /De/)

Refunds. If the Commercial Banks Facility Agent or a any Commercial Bank Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing4.06, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise an amount equal to such a refund), net of all out-of-pocket expenses of (including Taxes) incurred by the Commercial Banks Facility Agent or such Lender Commercial Bank Lender, as the case may be, and without interest (other than any interest paid by the applicable Governmental relevant Government Authority with respect to such a refund); provided, that provided that, (i) the Loan PartiesBorrower, upon the request of the Commercial Banks Facility Agent or such LenderCommercial Bank Lender (as the case may be), agrees to shall repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable Governmental relevant Government Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Commercial Banks Facility Agent or such Commercial Bank Lender in the event the Commercial Banks Facility Agent or such Commercial Bank Lender is required to repay such refund to such Governmental Government Authority. Notwithstanding anything , and (ii) in this Agreement to the contrary, this Section 16 shall not be construed to require no event will such Commercial Banks Facility Agent or any Commercial Bank Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender be required to pay any amount to an indemnifying party the Borrower pursuant to this Section 16.44.06(g), the payment of which would place such Commercial Banks Facility Agent or such Commercial Bank Lender (or their Affiliates) in a less favorable net after-Tax position than such Person Commercial Banks Facility Agent or Commercial Bank Lender 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. This subsection shall not be construed to require the Commercial Banks Facility Agent or any Commercial Bank Lender to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person.

Appears in 2 contracts

Samples: Credit Agreement, Credit Agreement (Cheniere Energy Partners, L.P.)

Refunds. If Agent To the extent that a Facility Lender or a Lender its Affiliate determines, in its sole discretiondiscretion exercised in good faith, that it has received obtained a refund or credit (in lieu of a refund) in respect of any Indemnified Taxes as to which it has been indemnified pursuant to this Article 21 (Tax Gross-Up and Indemnities) (including by the Loan Parties have paid payment of additional amounts pursuant to this Section 16Article 21 (Tax Gross-Up and Indemnities)), so long as no Default or Event of Default has occurred and is continuing, it the relevant Facility Lender shall pay over the Borrower an amount equal to such refund to the Administrative Borrower on behalf of the Loan Parties (or credit, but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties made under this Section 16 Article 21 (Tax Gross-Up and Indemnities) with respect to Indemnified the Taxes giving rise to such a refund)refund or credit, and net of all out-of-pocket costs and expenses of Agent or such Lender (including Taxes) and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refundrefund or credit); provided, that the Loan Parties. The Borrower, upon the request of Agent the Facility Lender or such Lenderits Affiliate, agrees shall repay to repay the Facility Lender or its Affiliate the amount paid over pursuant to the Loan Parties preceding sentence (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent that the Facility Lender or such Lender its Affiliate is required to repay such refund or credit to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph, in no event shall the contrary, this Section 16 shall not Facility Lender or its Affiliate be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party the Borrower pursuant to Section 16.4, this paragraph the payment of which would place Agent the Facility Lender or such Lender (or their Affiliates) its Affiliate in a less favorable net after-Tax position than such Person the Facility Lender or its Affiliate would have been in if the Tax subject to indemnification and giving rise to such refund or credit had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any Facility Lender or its Affiliate to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person.

Appears in 2 contracts

Samples: Common Terms Agreement (Venture Global, Inc.), Common Terms Agreement (Venture Global, Inc.)

Refunds. If any Agent or a Lender determines, in its sole good faith discretion, that it has received a refund of any Indemnified Taxes as to which the it has been indemnified by any Loan Parties have Party or with respect to which any Loan Party has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing3.10, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund)an amount, net of all out-of-pocket expenses of such Agent or such Lender (including any Taxes), as the case may be, and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund)) as would leave the Loan Party in the same economic position as it would have been if no such Indemnified Taxes or Other Taxes had been imposed; provided, provided that the Loan PartiesBorrower, upon the request of such Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than ) to such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event such Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to subsection (h), in no event will the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender be required to pay any amount to an indemnifying party a Loan Party pursuant to Section 16.4, this subsection (h) the payment of which would place the Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person the Agent or Lender 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. This subsection shall not be construed to require any Agent or Lender to make available its tax returns (or any other information relating to its taxes that it deems confidential) to the Borrower or any other Person.

Appears in 2 contracts

Samples: Credit Agreement (Auxilium Pharmaceuticals Inc), Credit Agreement (Auxilium Pharmaceuticals Inc)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all reasonable and documented out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 2 contracts

Samples: Credit Agreement (Ranger Energy Services, Inc.), Credit Agreement (Ranger Energy Services, Inc.)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 2 contracts

Samples: Credit Agreement (Sanfilippo John B & Son Inc), Credit Agreement (Sanfilippo John B & Son Inc)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16 (including by the payment of additional amounts pursuant to this Section 16), so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses (including Taxes) of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 2 contracts

Samples: Credit Agreement (Emergent BioSolutions Inc.), Credit Agreement (Emergent BioSolutions Inc.)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes as to which the it has been indemnified by any Loan Parties have Party or with respect to which any Loan Party has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Borrowers (but only to the extent of payments made, or additional amounts paid, by the any Loan Parties Party under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees agree to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionAuthority in respect thereof) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to the contrarySection 16.4, this Section 16 shall not be construed to require in no event will Agent or any a Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender be required to pay any amount to an indemnifying party the Loan Parties pursuant to this Section 16.4, 16.4 the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax tax position than Agent or such Person Lender would have been in if the Tax 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 tax had never been paid. Notwithstanding anything in this Agreement to the contrary, this Section 16.4 shall not be construed to require Agent or any Lender to make available its tax returns (or any other confidential information which it in good xxxxx xxxxx confidential) to any Borrower or any other Person.

Appears in 2 contracts

Samples: Senior Secured Superpriority Debtor in Possession Term Loan Agreement (Colt Finance Corp.), Term Loan Agreement (Colt Finance Corp.)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to for which the Loan Parties have paid it has received additional amounts pursuant to this Section 1617, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the applicable Loan Parties Party (but only to the extent of payments made, or additional amounts paid, by the applicable Loan Parties Party under this Section 16 17 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the applicable Loan PartiesParty, upon the request of Agent or such Lender, agrees to repay the amount paid over to the applicable Loan Parties Party (plus any penalties, interest or other charges, charges imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the bad faith, willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionhereunder) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to Section 17.4, in no event will the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender be required to pay any amount to an indemnifying party a Loan Party pursuant to this Section 16.4, 17.4 the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person the Lender or Agent 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. Notwithstanding anything in this Agreement to the contrary, this Section 17.4 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to the applicable Loan Party or any other Person.

Appears in 2 contracts

Samples: Syndicated Facility Agreement (Cleveland-Cliffs Inc.), Syndicated Facility Agreement (Cliffs Natural Resources Inc.)

Refunds. If Agent the Administrative Agent, a Lender or a an Issuing Lender determines, in its sole reasonable discretion, that it has received a refund of any Indemnified Taxes as to which the Loan Parties have it has been indemnified by any Borrower or with respect to which any Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over such refund to the Administrative such Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties such Borrower under this Section 16 with respect to Indemnified the Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent the Administrative Agent, such Lender or such Lender Issuing Lender, as the case may be, and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan Partiessuch Borrower, upon the request of Agent the Administrative Agent, such Lender or such Issuing Lender, agrees to repay the amount paid over to the Loan Parties such Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than any such penalties, interest or other charges imposed as a result attributable to the gross negligence or willful misconduct of the willful misconduct Administrative Agent, such Lender or gross negligence of Agent or Lender hereunder such Issuing Lender, as finally determined by a court of competent jurisdictionapplicable) to Agent the Administrative Agent, such Lender or such Issuing Lender in the event Agent the Administrative Agent, such Lender or such Issuing Lender is required by applicable laws or court order to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this This Section 16 shall not be construed to require Agent the Administrative Agent, any Lender or any Issuing Lender to make available its tax returns (or any other information relating to its taxes which it deems confidentialconfidential or proprietary) to Loan Parties any Borrower or any other Person or require Agent or Person; provided that upon the request, and at the sole expense of, any Lender to pay any amount to an indemnifying party pursuant to Section 16.4Borrower, the payment of which would place Agent Administrative Agent, such Lender or such Lender Issuing Lender, as the case may be, shall reasonably afford such Borrower the opportunity to contest (or their Affiliates) at such Borrower’s expense), and reasonably cooperate with such Borrower in a less favorable net after-Tax position than contesting, the repayment of such Person would have been in if the Tax subject to indemnification and giving rise refund 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 paidGovernmental Authority.

Appears in 2 contracts

Samples: Credit Agreement (Cambrex Corp), Credit Agreement (Cambrex Corp)

Refunds. If Agent the Administrative Agent, a Lender or a an Issuing Lender determines, in its sole reasonable discretion, that it has received a refund of any Indemnified Taxes or Other Taxes from the Governmental Authority to which such Taxes or Other Taxes were paid or determines in its sole discretion exercised in good faith that it has obtained the Loan Parties have benefit of a credit for Taxes as to which it has been indemnified by any Borrower or with respect to which such Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over such refund or the net benefit attributable to the Administrative such credit to such Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties such Borrower under this Section 16 with respect to Indemnified the Taxes or Other Taxes giving rise to such a refundrefund or credit), net of all out-of-pocket expenses of Agent the Administrative Agent, such Lender or such Issuing Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refundrefund or credit); provided, provided that the Loan Partiessuch Borrower, upon the request of Agent the Administrative Agent, such Lender or such Issuing Lender, agrees to repay the amount paid over to the Loan Parties such Borrower (plus any penalties, interest to the extent accrued from the date such refund or other charges, imposed by the applicable Governmental Authority, other than credit is paid over to such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionBorrower) to Agent the Administrative Agent, such Lender or such Issuing Lender in the event Agent the Administrative Agent, such Lender or such Issuing Lender is required to repay such refund or credit to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this This Section 16 shall not be construed to require Agent the Administrative Agent, any Lender or any Issuing Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to Loan Parties any Borrower or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 2 contracts

Samples: Credit Agreement (NYSE Euronext), Credit Agreement (NYSE Euronext)

Refunds. If Agent or a any Lender determines, in its sole discretion, becomes aware that it has received is entitled to claim a refund from a Governmental Authority in respect of any Indemnified Taxes as to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default 2.18(b) or Event of Default has occurred and is continuingindemnification payments pursuant to Section 2.18(g), it shall make reasonable efforts to timely so advise the Borrower and, if the Borrower so requests, to seek such refund at the Borrower’s expense; provided, however, that no Lender shall be required to take any action hereunder which, in the sole discretion of such Lender, would cause such Lender or its applicable lending office to suffer a material economic, legal or regulatory disadvantage. If any Lender actually receives a payment of a refund (including pursuant to a claim for refund made pursuant to the preceding sentence) in respect of any Tax as to which the Borrower has paid additional amounts pursuant to Sections 2.18(b) or indemnification payments under Section 2.18(g), it shall within ninety (90) days from the date of the receipt of such refund pay over the amount of such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund)Borrower, net of all reasonable out-of-pocket expenses of Agent or such Lender (including any Taxes) and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, . The Borrower agrees to repay the any amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, imposed reasonable charges paid by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionLender) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this This Section 16 2.18(d) shall not be construed to require Agent or any a Lender to make available its tax Tax returns (or any other information relating to its Taxes which it deems confidential) to any Loan Parties Party or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 2 contracts

Samples: Amended and Restated Senior Secured Term Loan Facility Agreement (Ocwen Financial Corp), Senior Secured Term Loan Facility Agreement (Ocwen Financial Corp)

Refunds. If the Administrative Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing5.03, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 5.03 with respect to the Indemnified Taxes or Other Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan PartiesBorrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to Section 5.03(f), in no event will the contrary, this Section 16 shall not be construed to require Administrative Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender be required to pay any amount to an indemnifying party the Borrower pursuant to this Section 16.4, 5.03(f) the payment of which would place the Administrative Agent or such Lender (or their Affiliates) Lender, as applicable, in a less favorable net after-Tax position than such Person the Administrative Agent or Lender, as applicable, 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. This Section shall not be construed to require the Administrative Agent or any Lender to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the Borrower or any other Person.

Appears in 2 contracts

Samples: Credit Agreement (Cabot Oil & Gas Corp), Credit Agreement (Cabot Oil & Gas Corp)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties Borrowers have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Borrowers (but only to the extent of payments made, or additional amounts paid, by the Loan Parties Borrowers under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan PartiesBorrowers, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrowers (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionhereunder) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties Borrowers or any other Person or require Person. Notwithstanding anything to the contrary in this Section 16.4, in no event will Agent or any Lender be required to pay any amount to an indemnifying party Borrowers pursuant to this Section 16.4, 16.4 the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than Agent or such Person Lender would have been in if the Tax subject to indemnification and payments or additional amounts 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.

Appears in 2 contracts

Samples: Credit Agreement (Inventure Foods, Inc.), Credit Agreement (Inventure Foods, Inc.)

Refunds. If Agent the Administrative Agent, a Lender or a an Issuing Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes as to which the it has been indemnified by any Loan Parties have Party or with respect to which any Loan Party has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over such refund to the Administrative Borrower on behalf of the such Loan Parties Party (but only to the extent of indemnity payments made, or additional amounts paid, by the such Loan Parties Party under this Section 16 with respect to the Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent the Administrative Agent, such Lender or such Lender Issuing Lender, as the case may be, and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the such Loan PartiesParty, upon the request of Agent the Administrative Agent, such Lender or such Issuing Lender, agrees to repay the amount paid over to the such Loan Parties Party (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent the Administrative Agent, such Lender or such Issuing Lender in the event Agent the Administrative Agent, such Lender or such Issuing Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (g), in no event will the contraryAdministrative Agent, this Section 16 shall not such Lender or such Issuing Lender be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party a Loan Party pursuant to Section 16.4, this paragraph (g) the payment of which would place Agent the Administrative Agent, such Lender or such Issuing Lender (or their Affiliates) in a less favorable net after-Tax position than the Administrative Agent, such Person Lender or such Issuing Lender 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. This Section shall not be construed to require the Administrative Agent, any Lender or any Issuing Lender to make available its tax returns (or any other information relating to its Taxes that it deems confidential) to any Loan Party or any other Person.

Appears in 2 contracts

Samples: Credit Agreement (Brunswick Corp), Credit Agreement (Brunswick Corp)

Refunds. If Unless required by Applicable Laws, at no time shall the Administrative Agent have any obligation to file for or otherwise pursue on behalf of a Lender or the L/C Issuer, or have any obligation to pay to any Lender or the L/C Issuer, any refund of Taxes withheld or deducted from funds paid for the account of such Lender or the L/C Issuer, as the case may be. If the Administrative Agent, any Lender or the L/C Issuer determines, in its sole discretion, exercised in good faith, that it has received a refund of any Indemnified Taxes as to which it has been indemnified by the Borrowers or with respect to which the Loan Parties Borrowers have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over to the Borrowers an amount equal to such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Borrowers under this Section 16 with respect to the Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or incurred by the Administrative Agent, such Lender or the L/C Issuer, as the case may be, and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan PartiesBorrowers, upon the request of Agent the Administrative Agent, such Lender or such Lenderthe L/C Issuer, agrees agree to repay the amount paid over to the Loan Parties Borrowers (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or the Administrative Agent, such Lender or the L/C Issuer in the event Agent or the Administrative Agent, such Lender or the L/C Issuer is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 This subsection shall not be construed to require Agent or the Administrative Agent, any Lender or the L/C Issuer to make available its tax Tax returns (or any other information which relating to its Taxes that it deems confidential) to Loan Parties the Borrowers or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 2 contracts

Samples: Credit Agreement (Casella Waste Systems Inc), Revolving Credit and Term Loan Agreement (Casella Waste Systems Inc)

Refunds. If Agent To the extent that a Facility Lender or a Lender its Affiliate determines, in its sole discretiondiscretion exercised in good faith, that it has received obtained a refund or credit (in lieu of a refund) in respect of any Indemnified Taxes as to which it has been indemnified pursuant to this Article 21 (Tax Gross-Up and Indemnities) (including by the Loan Parties have paid payment of additional amounts pursuant to this Section 16Article 21 (Tax Gross-Up and Indemnities)), so long as no Default or Event of Default has occurred and is continuing, it the relevant Facility Lender shall pay over the Borrower an amount equal to such refund to the Administrative Borrower on behalf of the Loan Parties (or credit, but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties made under this Section 16 Article 21 (Tax Gross-Up and Indemnities) with respect to Indemnified the Taxes giving rise to such a refund)refund or credit, and net of all out-of-pocket costs and expenses of Agent or such Lender (including Taxes) and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refundrefund or credit); provided, that the Loan Parties. The Borrower, upon the request of Agent the Facility Lender or such Lenderits Affiliate, agrees shall repay to repay the Facility Lender or its Affiliate the amount paid over pursuant to the Loan Parties preceding sentence (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent that the Facility Lender or such Lender its Affiliate is required to repay such refund or credit to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph, in no event shall the contrary, this Section 16 shall not Facility Lender or its Affiliate be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party the Borrower pursuant to Section 16.4, this paragraph the payment of which would place Agent the Facility Lender or such Lender (or their Affiliates) its Affiliate in a less favorable net after-after- Tax position than such Person the Facility Lender or its Affiliate would have been in if the Tax subject to indemnification and giving rise to such refund or credit had not been deducted, withheld or otherwise imposed and the indemnification payments or additional amounts with respect to such Tax had never been paid. This paragraph shall not be construed to require any Facility Lender or its Affiliate to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person.

Appears in 2 contracts

Samples: Common Terms Agreement (Venture Global, Inc.), Common Terms Agreement (Venture Global, Inc.)

Refunds. If Agent the Administrative Agent, a Lender or a the Issuing Lender determines, in its sole reasonable discretion, that it has received a refund of any Indemnified Taxes or Other Taxes as to which the Loan Parties have it has been indemnified by any Borrower or with respect to which any Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over such refund to the Administrative such Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties such Borrower under this Section 16 with respect to Indemnified the Taxes or Other Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or the Administrative Agent, such Lender or the Issuing Lender, as the case may be, and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan Partiessuch Borrower, upon the request of Agent the Administrative Agent, such Lender or such the Issuing Lender, agrees to repay the amount paid over to the Loan Parties such Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than any such penalties, interest or other charges imposed as a result attributable to the gross negligence or willful misconduct of the willful misconduct Administrative Agent, such Lender or gross negligence of Agent or Lender hereunder the Issuing Lender, as finally determined by a court of competent jurisdictionapplicable) to Agent the Administrative Agent, such Lender or such the Issuing Lender in the event Agent the Administrative Agent, such Lender or such the Issuing Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this This Section 16 shall not be construed to require Agent the Administrative Agent, any Lender or any the Issuing Lender to make available its tax returns (or any other information relating to its taxes which it deems confidentialconfidential or proprietary) to Loan Parties any Borrower or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 2 contracts

Samples: Credit Agreement (Cambrex Corp), Credit Agreement (Cambrex Corp)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingit shall, it shall subject to Section 9, pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 16.4 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 2 contracts

Samples: Credit Agreement (Jakks Pacific Inc), First Lien Term Loan Facility Credit Agreement (Jakks Pacific Inc)

Refunds. If the Administrative Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes as to which it has been indemnified by a Loan Party or with respect to which the Loan Parties have Party has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing2.18, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Party (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Party under this Section 16 2.18 with respect to Indemnified the Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan PartiesParty, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Party (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (g), in no event will the contrary, this Section 16 shall not be construed to require Administrative Agent or any such Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender be required to pay any amount to an indemnifying party pursuant to Section 16.4, this paragraph (g) the payment of which would place the Administrative Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than the Administrative Agent or such Person Lender 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. This paragraph (g) shall not be construed to require the Administrative Agent, any Lender to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the Loan Party, any of its Subsidiaries or any other Person.

Appears in 2 contracts

Samples: Successor Agent Agreement, First Amendment to Credit Agreement and Omnibus Amendment to Loan Documents (Eventbrite, Inc.), Credit Agreement (Eventbrite, Inc.)

Refunds. If Administrative Agent or a any Lender determines, in its sole discretion, becomes aware that it has received is entitled to claim a refund from a Government Authority or other taxation authority in respect of any Indemnified Taxes or Other Taxes as to which the Loan Parties have it has been indemnified by Company or with respect to which Company has paid additional amounts pursuant to this Section 16subsection 2.7B it shall promptly notify Company of the availability of such refund claim and shall, so long within 30 days after receipt of a request by Company, make a claim to such Government Authority or taxation authority for such refund at Company’s expense. If Administrative Agent or any Lender receives a refund (including pursuant to a claim made pursuant to the preceding sentence) in respect of any Indemnified Taxes or Other Taxes as no Default to which it has been indemnified by Company or Event of Default with respect to which Company has occurred and is continuingpaid additional amounts pursuant to this subsection 2.7B, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Company (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Company under this Section 16 subsection 2.7B with respect to the Indemnified Taxes or Other Taxes giving rise to such a refund), net of all reasonable out-of-pocket expenses of Administrative Agent or such Lender and without interest (other than any interest paid by the applicable Governmental relevant Government Authority or taxation authority with respect to such a refund); provided, that the Loan PartiesCompany, upon the request of Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Company (plus any penalties, interest or other charges, charges imposed by the applicable Governmental Authority, other than such penalties, interest relevant Government Authority or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictiontaxation authority) to Administrative Agent or such Lender in the event Administrative Agent or such Lender is required to repay such refund to such Governmental Government Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 This paragraph shall not be construed to require Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to Loan Parties Company or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 2 contracts

Samples: Credit Agreement (Ameriprise Financial Inc), Credit Agreement (Ameriprise Financial Inc)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 2 contracts

Samples: Credit Agreement (McClatchy Co), Debtor in Possession Credit Agreement (McClatchy Co)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 2 contracts

Samples: Credit Agreement (BlueLinx Holdings Inc.), Credit Agreement (BlueLinx Holdings Inc.)

Refunds. The Agent and each Lender shall take all reasonable actions (consistent with its internal policy and legal and regulatory restrictions) requested by the Borrower to assist the Borrower, at the sole expense of the Borrower, to recover from the relevant Governmental Authority any Indemnified Taxes or Other Taxes in respect of which amounts were paid by the Borrower pursuant to this Section 2.17; provided, however, that a Lender will not be required to take any action that would be, in the sole judgment of a Lender, legally inadvisable, or commercially or otherwise disadvantageous to a Lender in any respect, and in no event shall the Lender be required to disclose any tax returns or any other information that, in the sole judgment of the Lender, is confidential. If the Agent or a any Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing2.17, it shall pay over such refund to the Administrative Borrower on behalf of an amount equal to the Loan Parties refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 2.17 with respect to the Indemnified Taxes or Other Taxes giving rise to such a the refund), net of all out-of-pocket expenses of the Agent or such Lender the Lender, as the case may be, and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a the refund); provided, however, that the Loan PartiesBorrower, upon the request of the Agent or such the applicable Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of ) to the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such the Lender in the event the Agent or such the Lender is required to repay such the refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this This Section 16 2.17(f) shall not be construed to require the Agent or any Lender to make available its tax Tax returns (or any other information which relating to its Taxes that it deems confidential) to Loan Parties the Borrower or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 1 contract

Samples: Term Loan Agreement (Atp Oil & Gas Corp)

Refunds. If Administrative Agent or a any Lender determines, in its sole discretion, becomes aware that it has received is entitled to claim a refund from a Government Authority or other taxation authority in respect of any Indemnified Taxes or Other Taxes as to which the Loan Parties have it has been indemnified by Company or with respect to which Company has paid additional amounts pursuant to this Section 16subsection 2.7B it shall promptly notify Company of the availability of such refund claim and shall, so long within 30 days after receipt of a request by Company, make a claim to such Government Authority or taxation authority for such refund at Company's expense. If Administrative Agent or any Lender receives a refund (including pursuant to a claim made pursuant to the preceding sentence) in respect of any Indemnified Taxes or Other Taxes as no Default to which it has been indemnified by Company or Event of Default with respect to which Company has occurred and is continuingpaid additional amounts pursuant to this subsection 2.7B, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Company (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Company under this Section 16 subsection 2.7B with respect to the Indemnified Taxes or Other Taxes giving rise to such a refund), net of all out-of-pocket expenses of Administrative Agent or such Lender and without interest (other than any interest paid by the applicable Governmental relevant Government Authority or taxation authority with respect to such a refund); provided, that the Loan PartiesCompany, upon the request of Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Company (plus any penalties, interest or other charges, charges imposed by the applicable Governmental Authority, other than such penalties, interest relevant Government Authority or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictiontaxation authority) to Administrative Agent or such Lender in the event Administrative Agent or such Lender is required to repay such refund to such Governmental Government Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 This paragraph shall not be construed to require Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to Loan Parties Company or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 1 contract

Samples: Credit Agreement (Volt Information Sciences, Inc.)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 1615, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower Borrowers on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 15 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 15 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.415.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Loan and Security Agreement (RTW Retailwinds, Inc.)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that that, the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (Independence Contract Drilling, Inc.)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such LenderXxxxxx, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.,

Appears in 1 contract

Samples: Credit Agreement (Nautilus, Inc.)

Refunds. If Administrative Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Administrative Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Administrative Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Administrative Agent or such Lender in the event Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Administrative Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Administrative Agent or any Lender to pay any amount to an indemnifying party pursuant to this Section 16.4, the payment of which would place Administrative Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Abl Credit Agreement (Cross Country Healthcare Inc)

Refunds. If any Agent or a Lender determines, in its sole discretion, reasonably determines that it has received is entitled to claim a refund of any Indemnified Taxes or Other Taxes to which the Loan Parties have it has been indemnified by any Borrower or with respect to which any Borrower has paid additional amounts pursuant to this Section 165.9., so long as no Default it shall promptly notify such Borrower of the availability of such refund claim and, if requested in writing by the Borrower, shall make such refund claim to such taxation authority for such refund at such Borrower’s expense, unless such Agent or Event of Default has occurred and is continuingLender reasonably determines in good faith that pursuing such refund claim would be materially detrimental to it. If a Lender or any Agent receives a refund (including pursuant to a claim for refund made pursuant to the preceding sentence), it shall pay over such refund to the Administrative such Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties such Borrower under this Section 16 5.9. with respect to the Indemnified Taxes or Other Taxes giving rise to such a refund), net of all out-of-pocket expenses (including Taxes imposed on the receipt of such refund) of such Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refundrelevant taxing authority); provided, provided that the Loan Partieseach Borrower, upon the request of such Agent or such Lender, agrees to repay the amount paid over to the Loan Parties such Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to such Agent or such Lender in the event such Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 This subsection 5.9.3 shall not be construed to require any Agent or any Lender to make available its tax returns (or any other information which relating to its taxes that it deems confidential) to Loan Parties such Borrower or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 1 contract

Samples: Credit Agreement (Ryerson Holding Corp)

Refunds. If the Administrative Agent or a Lender determines, determines in its sole discretion, reasonable discretion that it has received a refund of any Indemnified Taxes or Other Taxes in either case from the jurisdiction to which Indemnified Taxes or Other Taxes were paid as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 162.14, so long as provided no Default or Event of Default has shall have occurred and is be continuing, it such Administrative Agent or Lender, as the case may be, shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 2.14 with respect to the Indemnified Taxes or the Other Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender (or assignee) and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, however, that the Loan Parties, Borrower upon the written request of the Administrative Agent or such LenderLender (or assignee), agrees to promptly repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, Authority other than such any penalties, interest or other charges imposed as a and reasonable expenses that are the direct result of the willful misconduct or gross negligence of the Administrative Agent or Lender hereunder such Lender, as finally determined by a court of competent jurisdictionthe case may be) to the Administrative Agent or such Lender (or assignee) in the event the Administrative Agent or such Lender (or assignee) is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this This Section 16 shall not be construed to require the Administrative Agent or any Lender to make available its tax returns Tax return, books or records (or any other information relating to its Taxes which it deems confidential) to Loan Parties the Borrower or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 1 contract

Samples: Secured Credit Agreement (Aspirational Consumer Lifestyle Corp.)

Refunds. The Agent and the Lender shall take all reasonable actions (consistent with its internal policy and legal and regulatory restrictions) requested by the Borrower to assist the Borrower, at the sole expense of the Borrower, to recover from the relevant Governmental Authority any Indemnified Taxes or Other Taxes in respect of which amounts were paid by the Borrower pursuant to this Section 2.15; provided, however, that the Lender will not be required to take any action that would be, in the sole judgment of the Lender, legally inadvisable, or commercially or otherwise disadvantageous to the Lender in any respect, and in no event shall the Lender be required to disclose any tax returns or any other information that, in the sole judgment of the Lender, is confidential. If the Agent or a the Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing2.15, it shall pay over such refund to the Administrative Borrower on behalf of an amount equal to the Loan Parties refund (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 2.15 with respect to the Indemnified Taxes or Other Taxes giving rise to such a the refund), net of all out-of-pocket expenses of the Agent or such Lender the Lender, as the case may be, and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a the refund); provided, however, that the Loan PartiesBorrower, upon the request of the Agent or such the Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of ) to the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such the Lender in the event the Agent or such the Lender is required to repay such the refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this This Section 16 2.15(e) shall not be construed to require the Agent or any the Lender to make available its tax Tax returns (or any other information which relating to its Taxes that it deems confidential) to Loan Parties the Borrower or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 1 contract

Samples: Senior Secured Superpriority Postpetition Credit Agreement

AutoNDA by SimpleDocs

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes as to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such LenderXxxxxx, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (Concrete Pumping Holdings, Inc.)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender Xxxxxx hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (Sanfilippo John B & Son Inc)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such LenderXxxxxx, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 16.4 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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. 17.

Appears in 1 contract

Samples: Credit Agreement (Calumet Specialty Products Partners, L.P.)

Refunds. If the Administrative Agent or a Lender determines, in its sole reasonable discretion, that it has received a refund of or credit in lieu of a refund against any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over such refund or credit to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 with respect to the Indemnified Taxes or Other Taxes giving rise to such a refundrefund or credit), net of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refundrefund or credit); provided, provided that the Loan PartiesBorrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund or credit to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this This Section 16 shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to Loan Parties the Borrower or any other Person or require Agent or to repay to the Borrower amounts in respect of any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, indirect tax benefit received by the payment of which would place Administrative Agent or such Lender (arising out of Indemnified Taxes or their Affiliates) in a less favorable net after-Tax position than such Person would have Other Taxes as to which it has been in if indemnified by 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 paidBorrower.

Appears in 1 contract

Samples: Credit Agreement (Bard C R Inc /Nj/)

Refunds. If Agent or a Lender any Recipient determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes as to which it has been indemnified pursuant to this Section 3.9 (including by the Loan Parties have paid payment of additional amounts pursuant to this Section 163.9), it shall, so long as no Default or Event of Default has occurred and is continuingoccurring, it shall pay over to the indemnifying party an amount equal to such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties made under this Section 16 with respect to the Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses (including Taxes) of Agent or such Lender indemnified party and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, that the Loan Parties. Such indemnifying party, upon the request of Agent or such Lenderindemnified party, agrees shall repay to repay such indemnified party the amount paid over pursuant to the Loan Parties this Section 3.9(f) (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or that such Lender indemnified party is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to Section 3.9(f), in no event will the contrary, this Section 16 shall not indemnified party be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party pursuant to this Section 16.4, 3.9(f) the payment of which would place Agent or such Lender (or their Affiliates) the indemnified party in a less favorable net after-Tax position than such Person the indemnified party 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. This paragraph shall not be construed to require any indemnified party to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the indemnifying party or any other Person.

Appears in 1 contract

Samples: Loan and Security Agreement (FrontView REIT, Inc.)

Refunds. If Agent or a Lender any Recipient determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to which the Loan that were paid by Credit Parties have paid additional amounts pursuant to this Section 163.5, so long as no Default or Event of Default has occurred and is continuing, it shall pay over an amount equal to such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties made under this Section 16 3.5 with respect to the Indemnified Taxes giving rise to such a refund)) to Credit Parties, net of all out-of-pocket expenses (including Taxes) of Agent or such Lender Recipient and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, that the Loan Credit Parties, upon the request of Agent or such LenderRecipient, agrees to repay the amount paid over to the Loan Credit Parties (plus any penalties, interest or other charges, charges imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionRecipients hereunder) to Agent or such Lender Recipient in the event Agent or such Lender Recipient is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to the contrarySection 3.5(h), this Section 16 shall not in no event will any Recipient be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party Credit Parties pursuant to this Section 16.4, the 3.5(h) if such payment of which would place Agent or such Lender (or their Affiliates) Recipient in a less favorable net after-Tax position than such Person Recipient would have been in if the Indemnified 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.. This paragraph shall not be construed to require any Recipient to make available its tax returns (or any other information relating to its Taxes that it deems confidential) to the Credit Parties or any other Person. LOAN AND SECURITY AGREEMENT - Page 34 DAL 79531933v13

Appears in 1 contract

Samples: Loan and Security Agreement (Blonder Tongue Laboratories Inc)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such LenderXxxxxx, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.. -232- LEGAL_US_W # 114834644.8114834644.17

Appears in 1 contract

Samples: Credit Agreement (Sharecare, Inc.)

Refunds. If the Administrative Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to which the Loan Credit Parties have paid additional amounts pursuant to this Section 165.04, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower Company on behalf of the Loan Credit Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Credit Parties under this Section 16 5.04 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Credit Parties, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Credit Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of the Administrative Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 5.04 shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Credit Parties or any other Person or require the Administrative Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.45.04(d), the payment of which would place the Administrative Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Abl Credit Agreement (CVR Energy Inc)

Refunds. If Agent, Revolving Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent, Revolving Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent, Revolving Agent or such LenderLxxxxx, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent, Revolving Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent, Revolving Agent or such Lender in the event Agent, Revolving Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent, Revolving Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent, Revolving Agent or any Lender to pay any amount to an indemnifying party pursuant to this Section 16.4, the payment of which would place Agent, Revolving Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (Comtech Telecommunications Corp /De/)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all documented out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such LenderLxxxxx, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder Lxxxxx xxxxxxxxx as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (Farmer Brothers Co)

Refunds. If Agent the Administrative Agent, a Lender or a an Issuing Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Loan Parties or with respect to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing2.17, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties under this Section 16 2.17 with respect to the Indemnified Taxes or Other Taxes giving rise to such a refund), net of all out-of-pocket expenses (including Taxes) of Agent the Administrative Agent, such Lender or such Issuing Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan Parties, upon the request of Agent the Administrative Agent, such Lender or such Issuing Lender, agrees agree to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent the Administrative Agent, such Lender or such Issuing Lender in the event Agent or the Administrative Agent, such Lender such Issuing Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (g), in no event will the contraryAdministrative Agent, this Section 16 shall not a Lender or an Issuing Lender be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party the Loan Parties pursuant to Section 16.4, this paragraph (g) the payment of which would place Agent the Administrative Agent, Lender or such Lender (or their Affiliates) Issuing Lender, as applicable, in a less favorable net after-Tax position than such Person 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. This Section 2.17(g) shall not be construed to require the Administrative Agent, any Lender or any Issuing Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to the Borrower or any other Person.

Appears in 1 contract

Samples: Credit Agreement (Teleflex Inc)

Refunds. If Agent the Administrative Agent, a Lender or a an Issuing Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes as to which it has been indemnified by a Loan Party or with respect to which the Loan Parties have Party has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Party (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Party under this Section 16 with respect to Indemnified the Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender or such Issuing Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan PartiesParty, upon the request of the Administrative Agent or such Lender or such Issuing Lender, agrees to repay the amount paid over to the Loan Parties Party (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Administrative Agent or such Lender or such Issuing Lender in the event the Administrative Agent or such Lender or such Issuing Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (g), in no event will the contrary, this Section 16 shall not be construed to require Administrative Agent or any such Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any such Issuing Lender be required to pay any amount to an indemnifying party pursuant to Section 16.4, this paragraph (g) the payment of which would place the Administrative Agent or such Lender (or their Affiliates) such Issuing Lender in a less favorable net after-Tax position than the Administrative Agent or such Person Lender or such Issuing Lender 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. This Section shall not be construed to require the Administrative Agent, any Lender or any Issuing Lender to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the Loan Party, any of its Subsidiaries or any other Person.

Appears in 1 contract

Samples: Credit Agreement (Eventbrite, Inc.)

Refunds. If Administrative Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to for which the Loan Parties Borrowers have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Borrowers (but only to the extent of payments made, or additional amounts paid, by the Loan Parties Borrowers under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Administrative Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan PartiesBorrowers, upon the request of Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrowers (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Administrative Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Administrative Agent or such Lender in the event Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Administrative Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties Borrowers or any other Person or to require Administrative Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Administrative Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Inventory Facility Credit Agreement (Anixter International Inc)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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. 17.

Appears in 1 contract

Samples: Credit Agreement (BlueLinx Holdings Inc.)

Refunds. If Agent or a Lender determines, in its sole discretion, exercised in good faith, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such LenderLxxxxx, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or such Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (Tessco Technologies Inc)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender Xxxxxx hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (Performant Financial Corp)

Refunds. If Administrative Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Administrative Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Administrative Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Administrative Agent or such Lender in the event Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Administrative Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Administrative Agent or any Lender to pay any amount to an indemnifying party pursuant to this Section 16.4, the payment of which would place Administrative Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Cross Country Healthcare Inc)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties Borrowers have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Borrowers (but only to the extent of payments made, or additional amounts paid, by the Loan Parties Borrowers under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan PartiesBorrowers, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrowers (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder xxxxxxxxx as finally determined in a final, non-appealable judgment by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties Borrowers or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (SeaSpine Holdings Corp)

Refunds. If the Administrative Agent or a any Lender determines, in its sole discretion, that it has received receives a refund of any Indemnified Taxes as to which the it has been indemnified by any Loan Parties have Party or with respect to which any Loan Party has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing5.8 [Taxes], it shall pay over to such Loan Party an amount equal to such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the such Loan Parties Party under this Section 16 5.8 [Taxes] with respect to the Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses (including any Taxes imposed with respect to such refund) of the Administrative Agent or such Lender Lender, as the case may be, and without interest (other than any interest paid by the applicable Governmental Authority relevant Official Body with respect to such a refund); provided, provided that the such Loan PartiesParty, upon the request of the Administrative Agent or such Lender, agrees to shall repay the amount paid over to the such Loan Parties Party (plus any penalties, interest or other charges, charges imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionrelevant Official Body) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental AuthorityOfficial Body. Notwithstanding anything in this Agreement to the contrary, this This Section 16 5.8 [Taxes] shall not be construed to require the Administrative Agent or any Lender to make available its tax Tax returns (or any other information which relating to its taxes that it deems confidential) to Loan Parties the Borrower or any other Person or require Agent or any Lender Person. Notwithstanding anything to the contrary in this paragraph 5.8.6, in no event will the indemnified party be required to pay any amount to an indemnifying party pursuant to Section 16.4, this paragraph 5.8.6 the payment of which would place Agent or such Lender (or their Affiliates) the indemnified party in a less favorable net after-Tax position than such Person the indemnified party 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.

Appears in 1 contract

Samples: Revolving Credit Facility (CNX Resources Corp)

Refunds. If Agent or a Revolving Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties Borrowers have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Borrowers (but only to the extent of payments made, or additional amounts paid, by the Loan Parties Borrowers under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Revolving Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, provided that the Loan PartiesBorrowers, upon the request of Agent or such Revolving Lender, agrees to repay the amount paid over to the Loan Parties Borrowers (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionhereunder) to Agent or such Revolving Lender in the event Agent or such Revolving Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Revolving Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties Borrowers or any other Person or require Person. Notwithstanding anything to the contrary in this Section 16.4, in no event will Agent or any Revolving Lender be required to pay any amount to an indemnifying party the Company pursuant to this Section 16.4, 16.4 the payment of which would place Agent or such Revolving Lender (or their Affiliates) in a less favorable net after-Tax position than Agent or such Person Revolving Lender would have been in if the Tax subject to indemnification and payments or additional amounts 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.

Appears in 1 contract

Samples: Credit Agreement (Us Xpress Enterprises Inc)

Refunds. If the Administrative Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing5.03, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 5.03 \ with respect to the Indemnified Taxes or Other Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan PartiesBorrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to Section 5.03(f), in no event will the contrary, this Section 16 shall not be construed to require Administrative Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender be required to pay any amount to an indemnifying party the Borrower pursuant to this Section 16.4, 5.03(f) the payment of which would place the Administrative Agent or such Lender (or their Affiliates) Lender, as applicable, in a less favorable net after-Tax position than such Person the Administrative Agent or Lender, as applicable, 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. This Section shall not be construed to require the Administrative Agent or any Lender to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the Borrower or any other Person.

Appears in 1 contract

Samples: Credit Agreement (Cabot Oil & Gas Corp)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all documented out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such LenderXxxxxx, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder Xxxxxx xxxxxxxxx as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (Farmer Brothers Co)

Refunds. If the Administrative Agent or a any Lender determines, in its sole discretion, becomes aware that it has received is entitled to claim a refund from a Government Authority or other taxation authority in respect of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16subsection 2.7B it shall promptly notify the Borrower of the availability of such refund claim and shall, so long within 30 days after receipt of a request by the Borrower, make a claim to such Government Authority or taxation authority for such refund at the Borrower’s expense. If the Administrative Agent or any Lender receives a refund (including pursuant to a claim made pursuant to the preceding sentence) in respect of any Indemnified Taxes or Other Taxes as no Default to which it has been indemnified by the Borrower or Event of Default with respect to which the Borrower has occurred and is continuingpaid additional amounts pursuant to this subsection 2.7B, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 subsection 2.7B with respect to the Indemnified Taxes or Other Taxes giving rise to such a refund), net of all reasonable out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the applicable Governmental relevant Government Authority or taxation authority with respect to such a refund); provided, that the Loan PartiesBorrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable Governmental Authority, other than such penalties, interest relevant Government Authority or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictiontaxation authority) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Government Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 This paragraph shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to Loan Parties the Borrower or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 1 contract

Samples: Credit Agreement (Jones Financial Companies LLLP)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes with respect to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees agree to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 16.4 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (WABASH NATIONAL Corp)

Refunds. If the Term Loan A Administrative Agent or a any Construction/Term Loan Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing4.06, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise an amount equal to such a refund), net of all out-of-pocket expenses of (including Taxes) incurred by the Term Loan A Administrative Agent or such Lender Construction/Term Loan Lender, as the case may be, and without interest (other than any interest paid by the applicable Governmental relevant Government Authority with respect to such a refund); provided, that provided that, (i) the Loan PartiesBorrower, upon the request of the Term Loan A Administrative Agent or such LenderConstruction/Term Loan Lender (as the case may be), agrees to shall repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable Governmental relevant Government Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Term Loan A Administrative Agent or such Construction/Term Loan Lender in the event the Term Loan A Administrative Agent or such Construction/Term Loan Lender is required to repay such refund to such Governmental Government Authority. Notwithstanding anything , and (ii) in this Agreement to the contrary, this Section 16 shall not be construed to require no event will such Term Loan A Administrative Agent or any Construction/Term Loan Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender be required to pay any amount to an indemnifying party the Borrower pursuant to this Section 16.4, 4.06(g) the payment of which would place such Term Loan A Administrative Agent or such Construction/Term Loan Lender (or their Affiliates) in a less favorable net after-Tax position than such Person Term Loan A Administrative Agent or Construction/Term Loan Lender would have been in if the Tax subject to indemnification and payments or additional amounts 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. This subsection shall not be construed to require the Term Loan A Administrative Agent or any Construction/Term Loan Lender to make available its Tax returns (or any other information relating to its Taxes that it deems confidential) to the Borrower or any other Person.

Appears in 1 contract

Samples: Credit Agreement (Cheniere Energy Partners, L.P.)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties Borrowers or their Subsidiaries have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Borrowers or their Subsidiaries (but only to the extent of payments made, or additional amounts paid, by the Loan Parties Borrowers or their Subsidiaries under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan PartiesBorrowers, for themselves and on behalf of their Subsidiaries, upon the request of Agent or such Lender, agrees agree to repay the amount paid over to the Loan Parties Borrowers or their Subsidiaries (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionhereunder) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties Borrowers, any of their Subsidiaries, or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 1 contract

Samples: Credit Agreement (General Finance CORP)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the applicable Loan Parties Party (but only to the extent of payments made, or additional amounts paid, by the Loan Parties Borrowers under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Administrative Borrower (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax Tax returns (or any other information which it deems confidential) to Loan Parties Borrowers or any other Person or require any Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place such Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (Manitowoc Co Inc)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund or realized a credit of any Indemnified Taxes to which the Loan Parties Borrowers have paid additional amounts pursuant to this Section 16, so long Agent or such Lender shall promptly pay over an amount equal to such refund or credit, as no applicable, to Borrowers (or if a Default or Event of Default has occurred and is continuing, it Agent or such Lender shall pay over treat such refund amount as a payment remitted to Agent first with respect to any Obligations then due and payable and then with respect to the Administrative Borrower on behalf outstanding principal amount of the Loan Parties Obligations) (but only to the extent of payments made, or additional amounts paid, by the Loan Parties Borrowers under this Section 16 with respect to Indemnified Taxes giving rise to such a refundrefund or credit), net of all reasonable out-of-pocket expenses of Agent or such Lender incurred in obtaining such refund or credit, as applicable, and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refundrefund or credit ); provided, that the Loan PartiesBorrowers, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrowers (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or such Lender hereunder as finally determined by a court of competent jurisdictionhereunder) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties Borrowers or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 1 contract

Samples: Credit Agreement (Digirad Corp)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.. 131 125672876_9

Appears in 1 contract

Samples: Credit Agreement (Nautilus, Inc.)

Refunds. If the Administrative Agent or a Lender determines, in its sole discretion, exercised in good faith, that it has received a refund of any Indemnified Taxes as to which it has been indemnified by a Loan Party or with respect to which the Loan Parties have Party has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing2.18, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Party (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Party under this Section 16 2.18 with respect to Indemnified the Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan PartiesParty, upon the request of the Administrative Agent or such LenderXxxxxx, agrees to repay the amount paid over to the Loan Parties Party (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (g), in no event will the contrary, this Section 16 shall not be construed to require Administrative Agent or any such Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender be required to pay any amount to an indemnifying party pursuant to Section 16.4, this paragraph (g) the payment of which would place the Administrative Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than the Administrative Agent or such Person Lender 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. This paragraph (g) shall not be construed to require the Administrative Agent, any Lender to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the Loan Party, any of its Subsidiaries or any other Person.

Appears in 1 contract

Samples: Credit Agreement (SatixFy Communications Ltd.)

Refunds. If the Administrative Agent or a Lender determines, in its sole reasonable discretion, that it has received a refund of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingSection, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 with respect to the Indemnified Taxes or Other Taxes giving rise to such a refund), net of all out-of-pocket expenses of the Administrative Agent or such Lender and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan PartiesBorrower, upon the request of the Administrative Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Administrative Agent or such Lender in the event the Administrative Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this This Section 16 shall not be construed to require the Administrative Agent or any Lender to make available its tax returns (or any other information relating to its taxes which it deems confidential) to Loan Parties the Borrower or any other Person or require Agent or to repay to the Borrower amounts in respect of any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, indirect tax benefit received by the payment of which would place Administrative Agent or such Lender (arising out of Indemnified Taxes or their Affiliates) in a less favorable net after-Tax position than such Person would have Other Taxes as to which it has been in if indemnified by 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 paidBorrower.

Appears in 1 contract

Samples: Credit Agreement (Bard C R Inc /Nj/)

Refunds. If the Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes as to which the Loan Parties have paid additional amounts it has been indemnified pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing(including additional amounts paid by the Borrowers pursuant to this Section), it shall pay over to the applicable indemnifying party an amount equal to such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of indemnity payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified the Taxes giving rise to such a refund), net of all out-of-pocket expenses (including Taxes) of the Agent or such Lender Lender, as the case may be, and without interest (other than any interest paid by the applicable relevant Governmental Authority with respect to such a refund); provided, provided that the Loan Partiesapplicable indemnifying party, upon the request of the Agent or such Lender, agrees promptly to repay the amount paid over pursuant to the Loan Parties this Section (plus any penalties, interest or other charges, charges imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to the Agent or such Lender in the event the Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to paragraph (d), in no event will the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender be required to pay any amount to an indemnifying party pursuant to Section 16.4, this paragraph (d) the payment of which would place the Agent or such Lender (or their Affiliates) in a less favorable net after-Tax tax position than such Person the Agent or Lender would have been in if the Tax subject to indemnification and payments or additional amounts 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. This paragraph shall not be construed to require the Agent or Lender to make available its Tax returns (or any other information relating to its Taxes which it deems confidential) to the Borrowers or any other Person. Neither the Agent nor any Lender shall be required to pay any amounts pursuant to this paragraph (d) at any time that an Event of Default exists, provided that such amounts shall become due and payable at the time such Event of Default ceases to exist and no other Event of Default exists.

Appears in 1 contract

Samples: Credit Agreement (Morgans Hotel Group Co.)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties Borrowers have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties Borrowers (but only to the extent of payments made, or additional amounts paid, by the Loan Parties Borrowers under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan PartiesBorrowers, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties Borrowers (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined in a final, non-appealable judgment by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties Borrowers or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (SeaSpine Holdings Corp)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees agree to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to this Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (AerSale Corp)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuingit shall, it shall subject to Section 9, pay over an amount equal to such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 16.4 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: First Lien Term Loan Facility Credit Agreement (Jakks Pacific Inc)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all reasonable and documented out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such LenderXxxxxx, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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. 17.

Appears in 1 contract

Samples: Credit Agreement (Ranger Energy Services, Inc.)

Refunds. If Agent or a Lender determines, in its sole discretiondiscretion exercised in good faith, that it has received a refund of any Indemnified Taxes to which (including by the Loan Parties have paid payment of additional amounts pursuant to this Section 1616.1), so long as no Default or Event of 2375 Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties Borrower under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan PartiesBorrower, upon the request of Agent or such Lender, agrees agree to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, imposed by the applicable relevant Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionhereunder) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything to the contrary in this Agreement to Section 16.4), in no event will the contrary, this Section 16 shall not indemnified party be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender required to pay any amount to an indemnifying party pursuant to this Section 16.4, 16.4 the payment of which would place Agent or such Lender (or their Affiliates) the indemnified party in a less favorable net after-Tax position than such Person the indemnified party 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. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its Tax returns (or any other information which it deems confidential) to Borrower or any other Person.

Appears in 1 contract

Samples: Credit Agreement (Jack Cooper Holdings Corp.)

Refunds. If Agent or a Lender determines, in its sole discretion, that it has received a refund of any Indemnified Taxes to which the Loan Parties have paid additional amounts pursuant to this Section 16, so long as no Default or Event of Default has occurred and is continuing, it shall pay over such refund to the Administrative Borrower on behalf of the Loan Parties (but only to the extent of payments made, or additional amounts paid, by the Loan Parties under this Section 16 with respect to Indemnified Taxes giving rise to such a refund), net of all reasonable out-of-pocket expenses of Agent or such Lender and without interest (other than any interest paid by the applicable Governmental Authority with respect to such a refund); provided, that the Loan Parties, upon the request of Agent or such Lender, agrees to repay the amount paid over to the Loan Parties (plus any penalties, interest or other charges, imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdiction) to Agent or such Lender in the event Agent or such Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement to the contrary, this Section 16 shall not be construed to require Agent or any Lender to make available its tax returns (or any other information which it deems confidential) to Loan Parties or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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.

Appears in 1 contract

Samples: Credit Agreement (Model N, Inc.)

Refunds. If Agent any Lender or a Issuing Lender determines, in its sole discretion, determines that it has actually received a refund (or credit against its future tax liability in lieu of a refund) of any Indemnified Taxes or Other Taxes as to which it has been indemnified by the Borrower or with respect to which the Loan Parties have Borrower has paid additional amounts pursuant to this Section 165.10, so long as no Default such Lender or Event of Default has occurred and is continuing, it Issuing Lender shall pay over to the Borrower an amount equal to such refund to the Administrative Borrower on behalf or credit in lieu of the Loan Parties such refund (but only to the extent of the indemnity payments actually made, or additional amounts paid, paid by the Loan Parties Borrower under this Section 16 5.10 with respect to the Indemnified Taxes or Other Taxes giving rise to such a refund), net of all reasonable out-of-pocket expenses of Agent or incurred by such Lender and or Issuing Lender without interest (other than any interest paid by the applicable Governmental Authority with relevant Official Body respect to such a refund or credit in lieu of refund); provided, provided that the Loan PartiesBorrower, upon the request of Agent such Lender or such Issuing Lender, agrees to repay the amount paid over to the Loan Parties Borrower (plus any penalties, interest or other charges, charges imposed by the applicable Governmental Authority, other than such penalties, interest or other charges imposed as a result of the willful misconduct or gross negligence of Agent or Lender hereunder as finally determined by a court of competent jurisdictionrelevant Official Body) to Agent such Lender or such Issuing Lender in the event Agent such Lender or such Issuing Lender is required to repay such refund to such Governmental Authority. Notwithstanding anything in this Agreement Official Body and delivers to the contrary, this Borrower evidence reasonably satisfactory to the Borrower of such repayment. This Section 16 5.10.6 shall not be construed to require Agent any Lender or any Issuing Lender to make available its tax returns (or any other information which relating to its Taxes that it reasonably deems confidential) to Loan Parties the Borrower or any other Person or require Agent or any Lender to pay any amount to an indemnifying party pursuant to Section 16.4, the payment of which would place Agent or such Lender (or their Affiliates) in a less favorable net after-Tax position than such Person 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 paidPerson.

Appears in 1 contract

Samples: Credit Agreement (Om Group Inc)