Rebates or Refunds definition

Rebates or Refunds means any and all refunds, rebates, reimbursements or other similar payments made in connection with or as a result of (a) taxes previously paid with respect to the Hotel or any portion thereof, except for income taxes paid as a result of income earned from the operation of the Hotel, (b) fees paid to any governmental agency with jurisdiction over the Hotel or with respect to the development or operation of the Hotel, or (c) any other amounts paid to third parties in connection with the ownership, maintenance and/or operation of the Hotel, including, but not limited to, any and all deposits paid to utility companies, governmental entities and any other third parties serving the Hotel.
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Rebates or Refunds means all refunds, rebates, reimbursements or other similar payments made to the Seller after the Closing Date in connection with or as a result of: (a) taxes previously paid by Seller with respect to the Property or any portion thereof, except for income taxes paid by seller as a result of income earned from the operation of the Property, (b) fees paid by Seller to any governmental agency with jurisdiction over the Property or any portion thereof or with respect to the development or operation of the Property or any portion thereof; (c) any other amounts paid by or on behalf of the Seller to third parties in connection with the ownership, maintenance, and/or operation of the Property, including, but not limited to, any deposits paid by or on behalf of Seller to utility companies, governmental entities and any other third parties servicing the Property; or (d) any other reason related to the Property. Such Rebates or Refunds shall remain Seller’s property after the Closing Date.
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Rebates or Refunds means any and all refunds, rebates, reimbursements or other similar payments made to Seller relating directly to the Property and not Seller itself after the Closing Date in connection with or as a result of (a) taxes previously paid by Seller with respect to the Property or any portion thereof, except for income taxes paid by Seller as a result of income earned from the operation of the Property, (b) fees paid by Seller to any governmental agency with jurisdiction over the Property or any portion thereof or with respect to the development or operation of the Property or any portion thereof, or (c) any other amounts paid by or on behalf of Seller to third parties in connection with the ownership, maintenance and/or operation of the Property, including, but not limited to, any and all deposits paid by or on behalf of Seller to utility companies, governmental entities and any other third parties serving the Property.
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Examples of Rebates or Refunds in a sentence

  • Article IX: Health Insurance Rebates or Refunds Any rebates or refunds on the premiums paid to the health insurance company shall be shared by the teachers according to the proportion of the total premium paid by each.

  • After Closing, Seller shall deliver to Buyer any applicable Rebates or Refunds pertaining to the Property as and when received by Seller.

Related to Rebates or Refunds

  • Overpayments as used in this Section include payments (i) made by the System Agency that exceed the maximum allowable rates; (ii) that are not allowed under applicable laws, rules, or regulations; or (iii) that are otherwise inconsistent with this Grant Agreement, including any unapproved expenditures. ▇▇▇▇▇▇▇ understands and agrees that it shall be liable to the System Agency for any costs disallowed pursuant to financial and compliance audit(s) of funds received under this Grant Agreement. ▇▇▇▇▇▇▇ further understands and agrees that reimbursement of such disallowed costs shall be paid by Grantee from funds which were not provided or otherwise made available to Grantee under this Grant Agreement.

  • Rebates means discounts granted to single Residential Properties valued from R1 and up to R500 000. Residential Sectional Title Properties, guesthouses, old age homes and hostels are excluded. Properties at a R0 value will only start to qualify for a Rebate from the time that it has been valued by the Valuations Department Rebates do not apply to Vacant Land and Non-Residential Properties.

  • Periodic Payments means all installments or similar recurring payments that Borrower may now or hereafter become obligated to pay to Bank pursuant to the terms and provisions of any instrument, or agreement now or hereafter in existence between Borrower and Bank.

  • Overpayment means payment in excess of the required fee. Overpayment of less than $10 received by the board shall not be refunded.

  • Periodic Payment means the regularly scheduled amount due for (i) principal and interest under the Note, plus (ii) any amounts under Section 3.