Common use of Refund of Taxes Clause in Contracts

Refund of Taxes. If any Lender, Issuing Bank, Swingline Lender or the Administrative Agent receives a refund of any Indemnified Tax or any tax referred to in Section 11.3, in either case, with respect to which the Borrower has paid any amount pursuant to this Section 3.3 or Section 11.3, such Lender, such Issuing Bank, the Swingline Lender or the Administrative Agent shall pay the amount of such refund (including any interest received with respect thereto) to the Borrower within thirty (30) days after receipt thereof. A Lender, Issuing Bank, the Swingline 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 none of the Administrative Agent, any Lender, any Issuing Bank or Swingline 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, Issuing Bank, the Swingline Lender or such Lender.

Appears in 2 contracts

Samples: Credit Agreement (Seacor Holdings Inc /New/), Credit Agreement (Seacor Holdings Inc /New/)

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Refund of Taxes. If any Lender, Issuing Bank, Swingline Lender or the Administrative Agent receives a refund of any Indemnified Tax or any tax referred to in Section 11.3, in either case, with respect to which the any Borrower has paid any amount pursuant to this Section 3.3 or Section 11.3, such Lender, such Issuing Bank, the Swingline Lender or the Administrative Agent shall pay the amount of such refund (including any interest received with respect thereto) to the such Borrower within thirty fifteen (3015) days after receipt thereof. A Lender, Issuing Bank, the Swingline Lender or the Administrative Agent shall provide, at the sole cost and expense of the BorrowerBorrowers, such assistance as the a Borrower may reasonably request in order to obtain such a refund; provided, however, that none of the Administrative Agent, any Lender, any Issuing Bank or Swingline Lender shall in any event be required to disclose any information to the any 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, Issuing Bank, the Swingline Lender or such Lender.

Appears in 2 contracts

Samples: Senior Secured Revolving Credit Agreement (Noble Corp PLC), Senior Secured Revolving Credit Agreement (Paragon Offshore Ltd.)

Refund of Taxes. If any Lender, Issuing Bank, the Swingline Lender or the Administrative Agent receives a refund or credit of any Indemnified Tax or any tax referred to in Section 11.3, in either case, 10.3 with respect to which the Borrower has paid any amount pursuant to this Section 3.3 or Section 11.310.3, such Lender, such Issuing Bank, the Swingline Lender or the Administrative Agent Agent, as the case may be, shall pay the amount of such refund (including any interest received with respect thereto) to the Borrower within thirty fifteen (3015) days after receipt thereof. A Such Lender, Issuing Bank, the Swingline Lender or the Administrative Agent Agent, as the case may be, 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 none of neither the Administrative Agent, Agent nor the Swingline Lender nor any Lender, Lender nor any Issuing Bank or Swingline 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 determined to be confidential) of the Administrative Agent, the Swingline Lender such Issuing Bank, the Swingline Lender or such Lender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Globalsantafe Corp)

Refund of Taxes. If any Lender, Issuing Bank, Swingline Lender or the Administrative Agent receives a refund or credit of any Indemnified Tax or any tax referred to in Section 11.3, in either case, 10.3 with respect to which the any Borrower has paid any amount pursuant to this Section 3.3 or Section 11.310.3, such Lender, such Issuing Bank, the Swingline Lender or the Administrative Agent shall pay the amount of such refund or credit (including any interest received with respect thereto) to the such Borrower within thirty fifteen (3015) days after receipt thereof. A Lender, Issuing Bank, the Swingline Lender or the Administrative Agent shall provide, at the sole cost and expense of the BorrowerCompany, such assistance as the Borrower Company may reasonably request in order to obtain such a refundrefund or credit; provided, however, that none of the Administrative Agent, any Lender, any Issuing Bank or Swingline Lender shall in any event be required to disclose any information to the Borrower Company 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, Issuing Bank, the Swingline Lender or such Lender.. [Revolving Credit Agreement]

Appears in 1 contract

Samples: Revolving Credit Agreement (Noble Corp / Switzerland)

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Refund of Taxes. If any Lender, Issuing Bank, Swingline Lender or the Administrative Agent receives a refund or credit of any Indemnified Tax or any tax referred to in Section 11.3, in either case, 10.3 with respect to which the any Borrower has paid any amount pursuant to this Section 3.3 or Section 11.310.3, such Lender, such Issuing Bank, the Swingline Lender or the Administrative Agent shall pay the amount of such refund or credit (including any interest received with respect thereto) to the such Borrower within thirty fifteen (3015) days after receipt thereof. A Lender, Issuing Bank, the Swingline Lender or the Administrative Agent shall provide, at the sole cost and expense of the BorrowerCompany, such assistance as the Borrower Company may reasonably request in order to obtain such a refundrefund or credit; provided, however, that none of the Administrative Agent, any Lender, any Issuing Bank or Swingline Lender shall in any event be required to disclose any information to the Borrower Company 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, Issuing Bank, the Swingline Lender or such Lender.

Appears in 1 contract

Samples: Revolving Credit Agreement (Noble Corp / Switzerland)

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