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.
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.
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.
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.