Common use of Refund Clause in Contracts

Refund. In the event that (a) a private letter ruling is issued to the Participating TO which holds that any amount paid or the value of any property transferred by the Interconnection Customer to the Participating TO under the terms of this LGIA is not subject to federal income taxation, (b) any legislative change or administrative announcement, notice, ruling or other determination makes it reasonably clear to the Participating TO in good faith that any amount paid or the value of any property transferred by the Interconnection Customer to the Participating TO under the terms of this LGIA is not taxable to the Participating TO, (c) any abatement, appeal, protest, or other contest results in a determination that any payments or transfers made by the Interconnection Customer to the Participating TO are not subject to federal income tax, or

Refund. In the event that (a) a private letter ruling is issued to the Participating TO Distribution Provider which holds that any amount paid or the value of any property transferred by the Interconnection Customer to the Participating TO Distribution Provider under the terms of this LGIA is not subject to federal income taxation, (b) any legislative change or administrative announcement, notice, ruling or other determination makes it reasonably clear to the Participating TO Distribution Provider in good faith that any amount paid or the value of any property transferred by the Interconnection Customer to the Participating TO Distribution Provider under the terms of this LGIA is not taxable to the Participating TODistribution Provider, (c) any abatement, appeal, protest, or other contest results in a determination that any payments or transfers made by the Interconnection Customer to the Participating TO Distribution Provider are not subject to federal income tax, or