Common use of Refund Upon Termination Clause in Contracts

Refund Upon Termination. In the event that the Settlement is not approved, or is terminated, canceled, or fails to become effective for any reason, the remaining Settlement Fund (including accrued interest), less (i) any Administration Expenses incurred, and (ii) any amounts and Taxes incurred or due and owing and payable from the Settlement Fund in accordance with this Agreement, shall be refunded to Bank of America.

Refund Upon Termination. In the event that If the Settlement is not approved, or is terminated, canceled, or fails to become effective for any reason, the remaining Settlement Fund (including accrued interest), less (i) any Administration Expenses incurred, and (ii) any amounts expenses and Taxes incurred or due and owing and payable from the Settlement Fund in accordance with this Agreement, shall be refunded to Bank of AmericaDefendant.