Common use of Refunds and Remittances Clause in Contracts

Refunds and Remittances. After the Closing, (a) if any CCR Party or any of the CCR Parties’ Affiliates receives any refund or other amount that is a CCR Transferred Asset or a CCBCC Excluded Asset, arises from operation of the CCR Business after the Closing or the operation of the CCBCC Business prior to the Closing or is otherwise properly due and owing to the CCBCC Parties or any of their Affiliates in accordance with the terms of this Agreement, such CCR Party or Affiliate shall receive and hold such payment, refund or amount in trust for the CCBCC Parties and shall remit, or cause to be remitted, to the CCBCC Parties such payment, refund or amount promptly (but in any event within sixty (60) days) after it receives such amount, and (b) if any CCBCC Party or any of the CCBCC Parties’ Affiliates receives any refund or other amount that is a CCBCC Transferred Asset or a CCR Excluded Asset, arises from the operation of the CCBCC Business after the Closing or arises from the operation of the CCR Business prior to the Closing, or is otherwise properly due and owing to the CCR Parties or any of their Affiliates in accordance with the terms of this Agreement, such CCBCC Party or Affiliate shall receive and hold such payment, refund or amount in trust for the CCR Parties and shall remit, or cause to be remitted, to the CCR Parties such payment, refund or amount promptly (but in any event within sixty (60) days) after it receives such amount.

Refunds and Remittances. After the Closing, (a) if any CCR CCBU Party or any of the CCR CCBU Parties’ Affiliates receives any refund or other amount that is a CCR CCBU Transferred Asset or a CCBCC Excluded Asset, arises from operation of the CCR CCBU Business after the Closing or the operation of the CCBCC Business prior to the Closing or is otherwise properly due and owing to the CCBCC Parties or any of their Affiliates in accordance with the terms of this Agreement, such CCR CCBU Party or Affiliate shall receive and hold such payment, refund or amount in trust for the CCBCC Parties and shall remit, or cause to be remitted, to the CCBCC Parties such payment, refund or amount promptly (but in any event within sixty (60) days) after it receives such amount, and (b) if any CCBCC Party or any of the CCBCC Parties’ Affiliates receives any refund or other amount that is a CCBCC Transferred Asset or a CCR CCBU Excluded Asset, arises from the operation of the CCBCC Business after the Closing or arises from the operation of the CCR CCBU Business prior to the Closing, or is otherwise properly due and owing to the CCR CCBU Parties or any of their Affiliates in accordance with the terms of this Agreement, such CCBCC Party or Affiliate shall receive and hold such payment, refund or amount in trust for the CCR CCBU Parties and shall remit, or cause to be remitted, to the CCR CCBU Parties such payment, refund or amount promptly (but in any event within sixty (60) days) after it receives such amount.

Refunds and Remittances. (a) After the Closing, (a) if any CCR Party Seller or any of the CCR Parties’ Affiliates its affiliates receives any refund or other amount that which is a CCR Transferred Asset or a CCBCC Excluded Asset, arises from operation of the CCR Business after the Closing or the operation of the CCBCC Business prior to the Closing or is otherwise properly due and owing to the CCBCC Parties or any of their Affiliates Purchaser in accordance with the terms of this Agreement, such CCR Party or Affiliate shall receive and hold such payment, refund or amount in trust for the CCBCC Parties and shall Seller promptly will remit, or will cause to be remitted, such amount to Purchaser at the CCBCC Parties such paymentaddress set forth in Section 12.04. After the Closing, refund or amount promptly (but in any event within sixty (60) days) after it receives such amount, and (b) if any CCBCC Party Purchaser or any of the CCBCC Parties’ Affiliates its affiliates receives any refund or other amount that which is a CCBCC Transferred an Excluded Asset or a CCR Excluded Assetis otherwise properly due and owing to Seller or any of its affiliates in accordance with the terms of this Agreement, arises from Purchaser promptly will remit, or will cause to be remitted, such amount to Seller at the operation of the CCBCC Business after the Closing or arises from the operation of the CCR Business prior to address set forth in Section 12.04. After the Closing, if Purchaser or any of its affiliates receives any refund or other amount which is related to Claims, litigation, insurance or other matters for which Seller is responsible hereunder, and which amount is not a Transferred Asset, or is otherwise properly due and owing to the CCR Parties or any of their Affiliates Seller in accordance with the terms of this Agreement, such CCBCC Party or Affiliate shall receive and hold such payment, refund or amount in trust for the CCR Parties and shall Purchaser promptly will remit, or cause to be remitted, such amount to Seller at the CCR Parties such paymentaddress set forth in Section 12.04. After the Closing, if Seller or any of its affiliates receives any refund or other amount which is related to Claims, litigation, insurance or other matters for which Purchaser is responsible hereunder, and which amount is not an Excluded Asset, or is otherwise properly due and owing to Purchaser in accordance with the terms of this Agreement, Seller promptly (but will remit, or cause to be remitted, such amount to Purchaser at the address set forth in any event within sixty (60) days) after it receives such amountSection 12.04.