Examples of Tax Refund Claim in a sentence
With respect to any Tax Refund Claim, the Escrow Agent shall disburse the amount requested within 5 days of its receipt of the notice.
Promptly, but in any event within three (3) Business Days of its receipt thereof, provide Agent with copies of any written notice or documentation received from the Internal Revenue Service or the ERC Lender under the ERC Agreement or otherwise in connection with or related to the ERC Tax Refund Claim.
Tax Refund Claims shall be due ten (10) Business Days following the cash-effective receipt of the respective Tax Refund provided such Tax Refund Claim can no longer be challenged by any Tax Authority, or if earlier, 3 years after the cash-effective receipt of the Tax Refund.
No Seller may assign or delegate all or any portion of its Transferred Interests or any of its obligations in respect of the Tax Refund Claim, the Transferred Interests, this Agreement, its rights under this Agreement, or any interest in any of the foregoing without the prior written consent of Buyer.
Upon the Effective Date, (a) in accordance with the Liquidating Trust Agreement, the Tax Refund Claim shall vest in the Liquidating Trust and (b) pursuant to the APA, all of the Debtors’ other Causes of Action (except for any Cause of Action that is released pursuant to Section 11.4 of the Plan) shall be sold, assigned and vested in the Purchaser.
Unless PESRM recovers on the Excise Tax Refund Claim, the United States agrees that no other retirement of RINs by the Debtors, the Liquidating Trust, or the Covered Entities is required, with respect to any activities or conduct occurring prior to the Plan Effective Date, and the United States irrevocably waives any such requirements.
The Liquidating Trust, in its sole and absolute discretion, may pursue the Tax Refund Claim in accordance with the best interests of the holders of the Liquidating Trust Interests.
Buyer does not assume and shall not be responsible for any obligations, liabilities or expenses of any Seller related to or in connection with the Tax Refund Claim or any of each Seller’s obligations, liabilities, or expenses (including any which may arise pursuant to an audit or otherwise) owing to the IRS or any authority or instrumentality of the United States.
Cl.) (the “Excise Tax Refund Claim”), and that the United States asserts a right of setoff against any debts owed (if any) to PESRM relating to the Excise Tax Refund Claim.
The Loan Parties shall (i) timely file all claims or amended returns making claims for the maximum amount of CARES Act Tax Refund Claim available under applicable Law to the Loan Parties (and any Subsidiary filing as a part of a consolidated, combined or unitary Tax group) as reasonably determined by the Lead Borrower and (ii) take such other actions as the Administrative Agent may reasonably request in respect of the CARES Act Tax Refund Claim.