Common use of Refund of Taxes Clause in Contracts

Refund of Taxes. If any Lender or the Administrative Agent becomes aware that it has received a refund of any Indemnified Tax or any tax referred to in Section 10.3 with respect to which the Borrower has paid any amount pursuant to this Section 3.3 or Section 10.3, such Lender or the Administrative Agent shall pay the amount of such refund (including any interest received with respect thereto) to the Borrower within fifteen (15) days after receipt thereof. A Lender or the Administrative Agent shall provide, at the sole cost and expense of the Borrower, such assistance as the Borrower may reasonably request in order to obtain such a refund; provided, however, that neither the Administrative Agent nor any Lender shall in any event be required to disclose any information to the Borrower with respect to the overall tax position of the Administrative Agent or such Lender.

Appears in 3 contracts

Samples: Term Credit Agreement (Transocean Inc), Day Revolving Credit Agreement (Transocean Inc), Term Credit Agreement (Transocean Inc)

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Refund of Taxes. If any Lender or the Administrative Agent becomes aware that it has received receives a refund of any Indemnified Tax or any tax referred to in Section 10.3 11.3, in either case, with respect to which the Borrower has paid any amount pursuant to this Section 3.3 or Section 10.311.3, such Lender or the Administrative Agent shall pay the amount of such refund (including any interest received with respect thereto) to the Borrower within fifteen (15) days after receipt thereof. A Lender or the Administrative Agent shall provide, at the sole cost and expense of the Borrower, such assistance as the Borrower may reasonably request in order to obtain such a refund; provided, however, that neither none of the Administrative Agent nor or any Lender shall in any event be required to disclose any information to the Borrower with respect to the overall tax position (or any other information relating to taxes that such Person reasonably determines to be confidential) of the Administrative Agent or such Lender.

Appears in 2 contracts

Samples: Term Loan Agreement (Paragon Offshore Ltd.), Senior Secured Term Loan Agreement (Paragon Offshore PLC)

Refund of Taxes. If any Lender or the Administrative Agent becomes aware that it has received receives a refund of any Indemnified Tax or any tax referred to in Section 10.3 with respect to which the Borrower has paid any amount pursuant to this Section 3.3 or Section 10.3, such Lender or the Administrative Agent shall pay the amount of such refund (including any interest received with respect thereto) to the Borrower within fifteen (15) days after receipt thereof. A Lender or the Administrative Agent shall provide, at the sole cost and expense of the Borrower, such assistance as the Borrower may reasonably request in order to obtain such a refund; provided, however, that neither the Administrative Agent nor any Lender shall in any event be required to disclose any information to the Borrower with respect to the overall tax position of the Administrative Agent or such Lender.

Appears in 1 contract

Samples: Credit Agreement (Transocean Sedco Forex Inc)

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Refund of Taxes. If any Lender or the Administrative Agent becomes aware that it has received receives a refund or credit of any Indemnified Tax or any tax referred to in Section 10.3 with respect to which the Borrower has paid any amount pursuant to this Section 3.3 or Section 10.3, such Lender or the Administrative Agent shall pay the amount of such refund or credit (including any interest received with respect thereto) to the Borrower within fifteen (15) days after receipt thereof. A Lender or the Administrative Agent shall provide, at the sole cost and expense of the Borrower, such assistance as the Borrower may reasonably request in order to obtain such a refundrefund or credit; provided, however, that neither none of the Administrative Agent nor or any Lender shall in any event be required to disclose any information to the Borrower with respect to the overall tax position (or any other information relating to taxes that such Person reasonably determines to be confidential) of the Administrative Agent or such Lender.

Appears in 1 contract

Samples: Assignment Agreement (Noble Corp)

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