Common use of Payment of Refunds Clause in Contracts

Payment of Refunds. Except as provided in Section 2.02(a)(iv), Xxxxxxx shall forward to Dover, or reimburse Dover for, any refunds due Dover (pursuant to the terms of this Section 2.02(a)) after receipt thereof (less any Tax Detriment attributable to such refunds), and Dover shall forward to Xxxxxxx, or reimburse Xxxxxxx for, any refunds due Xxxxxxx (pursuant to the terms of this Section 2.02(a)) after receipt thereof (less any Tax Detriment attributable to such refunds). In the case of a refund received in the form of a credit against other or future Tax liabilities, reimbursement with respect to such refund shall be due in each case within thirty (30) days after the due date for payment of the Tax against which such refund has been credited. Any payment required to be made pursuant to this Section 2.02(a)(iii) shall be made within thirty (30) days of the receipt of the refund. If Dover reasonably so requests, Xxxxxxx, at Dover’s expense, shall file for and pursue any refund to which Dover is entitled under this Section 2.02(a), provided that the foregoing does not have a material adverse impact on the Xxxxxxx Group, as reasonably determined by Xxxxxxx. If Xxxxxxx reasonably so requests, Dover, at Xxxxxxx’ expense, shall file for and pursue any refund to which Xxxxxxx is entitled under this Section 2.02(a), provided that the foregoing does not have a material adverse impact on the Dover Group, as reasonably determined by Dover. The Party making a payment pursuant to this Section 2.02(a)(iii) must deliver with the payment a statement describing in reasonable detail the basis for the calculation of the amount being paid.

Appears in 4 contracts

Samples: Tax Matters Agreement (DOVER Corp), Tax Matters Agreement (Knowles Corp), Tax Matters Agreement (Knowles Corp)

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Payment of Refunds. Except as provided in Section 2.02(a)(iv), Xxxxxxx Apergy shall forward to Dover, or reimburse Dover for, any refunds due Dover (pursuant to the terms of this Section 2.02(a)) after receipt thereof (less any Tax Detriment attributable to such refunds), and Dover shall forward to XxxxxxxApergy, or reimburse Xxxxxxx Apergy for, any refunds due Xxxxxxx Apergy (pursuant to the terms of this Section 2.02(a)) after receipt thereof (less any Tax Detriment attributable to such refunds). In the case of a refund received in the form of a credit against other or future Tax liabilities, reimbursement with respect to such refund shall be due in each case within thirty (30) days after the due date for payment of the Tax against which such refund has been credited. Any payment required to be made pursuant to this Section 2.02(a)(iii) shall be made within thirty (30) days of the receipt of the refund. If Dover reasonably so requests, XxxxxxxApergy, at Dover’s expense, shall file for and pursue any refund to which Dover is entitled under this Section 2.02(a), provided that the foregoing does not have a material adverse impact on the Xxxxxxx Apergy Group, as reasonably determined by XxxxxxxApergy. If Xxxxxxx Apergy reasonably so requests, Dover, at XxxxxxxApergy’ expense, shall file for and pursue any refund to which Xxxxxxx Apergy is entitled under this Section 2.02(a), provided that the foregoing does not have a material adverse impact on the Dover Group, as reasonably determined by Dover. The Party making a payment pursuant to this Section 2.02(a)(iii) must deliver with the payment a statement describing in reasonable detail the basis for the calculation of the amount being paid.

Appears in 3 contracts

Samples: Tax Matters Agreement (DOVER Corp), Tax Matters Agreement (Apergy Corp), Tax Matters Agreement (Apergy Corp)

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Payment of Refunds. Except as provided in Section 2.02(a)(iv), Xxxxxxx AbbVie shall forward to DoverAbbott, or reimburse Dover Abbott for, any refunds due Dover Abbott (pursuant to the terms of this Section 2.02(a)) after receipt thereof (less any Tax Detriment attributable to such refunds), and Dover Abbott shall forward to XxxxxxxAbbVie, or reimburse Xxxxxxx AbbVie for, any refunds due Xxxxxxx AbbVie (pursuant to the terms of this Section 2.02(a)) after receipt thereof (less any Tax Detriment attributable to such refunds). In the case of a refund received in the form of a credit against other or future Tax liabilities, reimbursement with respect to such refund shall be due in each case within thirty (30) days after on the due date for payment of the Tax against which such refund has been credited. Any payment required to be made pursuant to this Section 2.02(a)(iii) shall be made within thirty (30) days of the receipt of the refund. If Dover Abbott reasonably so requests, XxxxxxxAbbVie, at DoverXxxxxx’x expense, shall file for and pursue any refund to which Abbott is entitled under this Section 2.02(a). If AbbVie reasonably so requests, Abbott, at AbbVie’s expense, shall file for and pursue any refund to which Dover AbbVie is entitled under this Section 2.02(a), provided that the foregoing does not have a material adverse impact on the Xxxxxxx Group, as reasonably determined by Xxxxxxx. If Xxxxxxx reasonably so requests, Dover, at Xxxxxxx’ expense, shall file for and pursue any refund to which Xxxxxxx is entitled under this Section 2.02(a), provided that the foregoing does not have a material adverse impact on the Dover Group, as reasonably determined by Dover. The Party making a payment pursuant to this Section 2.02(a)(iii) must deliver with the payment a statement describing in reasonable detail the basis for the calculation of the amount being paid.

Appears in 2 contracts

Samples: Tax Sharing Agreement (AbbVie Inc.), Tax Sharing Agreement (AbbVie Inc.)

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