Common use of Tax Refunds Clause in Contracts

Tax Refunds. Any Tax refunds (whether by payment, credit, offset, reduction in Tax or otherwise) relating to any Pre-Closing Tax Period received by Buyer, the Company or any of their Affiliates after the Closing Date shall be for the account of Seller, and Buyer shall pay over to Seller the amount of any such refund within 10 Business Days after its receipt.

Appears in 4 contracts

Samples: Purchase Agreement (ARC Group Worldwide, Inc.), Purchase Agreement (ARC Group Worldwide, Inc.), Purchase Agreement

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Tax Refunds. (a) Any Tax refunds (whether refund or credit that is received by paymentBuyer or the Company, creditand any amount credited against Tax to which Buyer or the Company become entitled, offset, reduction in Tax or otherwise) relating that relate to any Pre-Closing Tax Period received by Buyer, or the Company or any portion of their Affiliates after the Straddle Period ending at the end of the Closing Date shall be for the account of Seller, and Buyer shall pay over to Seller any such refund or the amount of any such refund credit within 10 Business Days fifteen (15) days after its receiptreceipt or entitlement thereto.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Isle of Capri Casinos Inc), Stock Purchase Agreement (Isle of Capri Casinos Inc)

Tax Refunds. Any Tax refunds (whether refund that is received by paymentthe Company, creditthe Buyer, offsetor any of the Buyer’s affiliates, reduction in Tax and any amount credited against Taxes to which the Company, the Buyer, or otherwise) relating any of the Buyer’s affiliates becomes entitled, that relates to any a Pre-Closing Tax Period received by Buyer, or the Company or any pre-Closing portion of their Affiliates after the Closing Date a Straddle Period shall be for the account of Sellerthe Sellers, and the Buyer shall pay over to Seller the Sellers any such refund or the amount of any such refund credit within 10 Business Days ten (10) days after its receiptreceipt thereof or entitlement thereto.

Appears in 2 contracts

Samples: Membership Interest Purchase Agreement (Humbl, Inc.), Membership Interest Purchase Agreement (Humbl, Inc.)

Tax Refunds. Any refund of Taxes that relates to a Tax refunds period or a portion thereof ending on or before the Closing Date shall be paid over to Seller within ten (whether by payment, credit, offset, reduction in Tax or otherwise10) relating to any Pre-Closing Tax Period received days after receipt thereof by Buyer, the Company or any of their Affiliates after the Closing Date shall be for the account of SellerAffiliate thereof, and Buyer shall pay over to Seller the amount net of any reasonable third party expenses incurred by Buyer, the Company or any Affiliate thereof (including any Tax reasonably expected to be imposed on the receipt or accrual of such refund within 10 Business Days after its receiptrefund).

Appears in 1 contract

Samples: Stock Purchase Agreement (Apricus Biosciences, Inc.)

Tax Refunds. Any Tax refunds (whether by payment, credit, offset, reduction in Tax or otherwise) relating that are received with respect to any a Pre-Closing Tax Period received by Buyer, of the Company (net of any reasonable costs or any of their expenses incurred by Buyer or its Affiliates after the Closing Date in procuring such refund) shall be paid by Buyer or its Affiliates to the Sellers’ Representative, for the account benefit of Sellerthe Sellers, and Buyer shall pay over to Seller the amount of any such refund within 10 Business Days ten (10) days after its receiptreceipt or entitlement thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Arcbest Corp /De/)

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Tax Refunds. Any Tax refunds (whether by payment, credit, offset, reduction in Tax or otherwise) relating to any Pre-Closing Tax Period received after the Closing Date by Buyer, the Company or any of their Affiliates (as determined after the Closing Date Date) shall be for the account of Seller, and Buyer shall pay over to Seller the amount of any such refund within 10 ten (10) Business Days after its receipt.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Arc Wireless Solutions Inc)

Tax Refunds. Any Tax refunds (whether by payment, credit, offset, reduction in Tax or otherwise) relating to any Pre-Closing Tax Period received by BuyerBuyer or its Affiliates and any amounts credited against Tax to which Buyer or its Affiliates become entitled and any other Tax benefit, in each case with respect to Taxes of the Company Company, for any taxable period ending on or any of their Affiliates after prior to the Closing Date shall be for the account of Seller, and Buyer shall pay over to Seller any such refund or the amount of any such refund credit or Tax benefit within 10 Business Days (15) days after its receiptthe receipt or entitlement thereto.

Appears in 1 contract

Samples: Equity Purchase Agreement (Rentech Inc /Co/)

Tax Refunds. Any Tax refunds refund (whether or credit in lieu thereof) that is received by payment, credit, offset, reduction in Tax Purchaser or otherwise) relating any of its Affiliates with respect to the Company or any of its Subsidiaries for a Pre-Closing Tax Period received by Buyer, the Company or any of their Affiliates after the Closing Date shall be for the account of Sellerthe Sellers, and Buyer the Purchaser shall pay over to Seller the amount of Sellers any such refund within 10 Business Days ten days after its receiptreceipt thereof or entitlement thereto.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Universal Security Instruments Inc)

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