Allocation of Refunds. (a) Except as provided in Section 2.02(b), GGP shall be entitled to all Refunds with respect to Taxes for which GGP is or may be liable pursuant to Article II, and Spinco shall be entitled to all Refunds of Taxes for which Spinco is or may be liable pursuant to Article II. A Party receiving a Refund to which the other Party is entitled pursuant to this Agreement shall pay the amount to which such other Party is entitled (less any costs or Taxes incurred with respect to the receipt thereof) within ten (10) days after the receipt of such Refund.
Allocation of Refunds. The Company shall notify Pre-Sale Purchasers of their allocation no later than within 10 minutes of purchasing during the Pre-Sale. The Company does not make refunds on purchased tokens and all investors are free to sell their acquired tokens within 2-3 weeks of purchase on stock exchanges.
Allocation of Refunds. If an audit, amended Tax Return or other action results in a refund of Taxes, such refund (including any interest paid thereon) shall be paid: (i) to the Sellers if the deduction, loss, or other item that gives rise to the refund is attributable to Pre-Closing Operations and the refunded Tax was actually paid by the Sellers; and (ii) to Buyer in all other events. The parties shall lend mutual assistance to each other in taking such action as may be necessary to procure a refund, including the preparation, filing and processing of any requisite amended return or other documents.
Allocation of Refunds. Except as otherwise agreed upon in writing, in the event an audit, amended Tax Return or other action results in a refund of Taxes, such refund (including any interest paid thereon) shall be paid: (i) to ESI if the deduction, loss, or other item that gives rise to the refund is attributable to Pre-Closing Operations or Post-Closing Operations and the refunded Tax was actually paid by ESI; and (ii) to Starwood in all other circumstances. The parties shall lend mutual assistance to each other in taking such action as may be necessary to procure a refund, including the preparation, filing and processing of any requisite amended return or other documents.
Allocation of Refunds. Except as otherwise agreed upon in writing, in the event an audit, amended Tax Return or other action results in a refund of Taxes, whether related to the operations of the Companies or Subsidiaries before or after the Closing Date, such refund (including any interest paid thereon) shall be paid to Buyer, except to the extent such refund relates to any Tax Return of the Companies or Subsidiaries for any period ending on or before December 31, 2000; PROVIDED that Buyer, the Companies and their Subsidiaries shall be entitled to retain any such refund or credit to the extent it arises as a result of the use or application of any net operating loss, net capital loss or other item of the Companies or their Subsidiaries for any tax year ending on any date following December 31, 2000 in any period of the Companies or their Subsidiaries ending on or before December 31, 2000 (the "Buyer Generated Carrybacks"); PROVIDED that should a subsequent audit of the Companies or their Subsidiaries with respect to any periods ending on or before December 31, 2000 result in a net proposed reduction in taxable income for any reason that any of the Companies or their Subsidiaries are unable to use in part or in its entirety because of the previous use or application by Buyer of any such Buyer Generated Carrybacks, Buyer shall be required to pay an amount to Sellers (other than Guida) in accordance with their Pro-Rata Share equal to that amount which would have been generated in tax refunds usable by the Sellers (other than Guida) in relation to the Companies' and Subsidiaries' Tax Returns pursuant to the terms of this Agreement but for the prior use or application of the Buyer Generated Carrybacks.
Allocation of Refunds. Section 12.1. Although Losses and costs are based on the Applicable Participation Percentages in effect on the date of payment, any refund of net earned premiums (net premiums written adjusted for the change in the net unearned premium reserve for all Participants) required by any insurance regulatory authorities will be allocated to the various Participants based upon the Applicable Participation Percentages in effect in the month such premiums were earned. The same allocation method will be used for related commission refunds from agents, interest due to policyholders, end any other related items.
Allocation of Refunds. Except as otherwise agreed upon in --------------------- writing, in the event an audit, amended Tax Return or other action that results in a refund of Taxes, such refund (including any interest paid thereon) shall be paid: (i) to Seller if the deduction, loss, or other item that gives rise to the refund is attributable to Pre-Closing Operations and the refunded Tax was actually paid on or before the Closing Date unless the refund was reflected as an asset on the Final Working Capital Statement; and (ii) to Buyer if such item is attributable to Post-Closing Operations and the refunded Tax was actually paid by Buyer or any of the Companies. In all other events, such refund shall be paid to the Company. The parties shall lend mutual assistance to each other in taking such action as may be necessary to procure a refund, including the preparation, filing and processing of any requisite amended return or other documents.
