Clawed Back definition
Clawed Back means where airHomes Sale is obliged to repay a received from a Licensee/s for the sale of any Property Stock where the Licensee is required to repay its Agency Fee for that Property Stock.
Clawed Back mean the recovery or refund of incentives paid by the Supplier to the Customer;
Examples of Clawed Back in a sentence
Newco shall, upon request, permit the Holder Representative (at its sole cost and expense) to participate in any Tax Contest relating to a Tax Refund claim contemplated by paragraph 4 or relating to the repayment of any Clawed Back Amounts to the IRS or other applicable Governmental Authority as contemplated by paragraph 5 (it being understood that Newco shall in all cases be entitled to control the prosecution of any such proceedings, acting reasonably and in good faith).