Common use of Contests; Refunds Clause in Contracts

Contests; Refunds. If the Borrower determines in good faith that a reasonable basis exists for contesting any Taxes or Other Taxes, the relevant Lender or the Agent, as applicable, shall cooperate with the Borrower in challenging such Tax or Other Tax at the Borrower's expense if requested by the Borrower. If any Lender or the Agent, as applicable, obtains a credit against or receives a refund or reduction (whether by way of direct payment or by offset) of any Tax or Other Tax for which payment has been made pursuant to this Section 3.11, which credit, refund or reduction in the good faith judgment of such Lender or the Agent, as the case may be, (and without any obligation to disclose its tax records) is allocable to such payment made under this Section 3.11, the amount of such credit, refund or reduction (together with any interest received thereon) promptly shall be paid to the Borrower to the extent payment has been made in full by the Borrower pursuant to this Section 3.11.

Contests; Refunds. If the Borrower determines in good faith that a reasonable basis exists for contesting any Taxes or Other Taxes, the relevant Lender or the Agent, as applicable, shall cooperate with the Borrower in challenging such Tax or Other Tax at the Borrower's expense if requested by the Borrower. If any Lender or the Agent, as applicable, obtains a credit against or receives a refund or reduction (whether by way of direct payment or by offset) of any Tax or Other Tax for which payment has been made pursuant to this Section 3.114.11, which credit, refund or reduction in the good faith judgment of such Lender or the Agent, as the case may be, (and without any obligation to disclose its tax records) is allocable to such payment made under this Section 3.114.11, the amount of such credit, refund or reduction (together with any interest received thereon) promptly shall be paid to the Borrower to the extent payment has been made in full by the Borrower pursuant to this Section 3.114.11.