Net Refunds definition
Examples of Net Refunds in a sentence
All Net Refunds and credits attributable to any tax year prior to the tax year in which the Closing occurs shall belong to and be the property of Seller, subject to the rights of tenants under their respective Leases.
All Net Refunds and credits attributable to any tax year not described in the preceding two (2) sentences shall be divided between Seller and Purchaser in accordance with the apportionment of taxes set forth in SECTION 8A(b)(2).
The Settling Parties agree that, for ▇▇▇▇▇▇▇▇▇’▇ CCA customers, the PCIA will be designed to flow the appropriate amount of Energy Crisis Net Refunds to Lancaster’s CCA customers as if they were still bundled service customers.
All Net Refunds and credits attributable to any tax year subsequent to the tax year in which the Closing occurs shall belong to and be the property of Purchaser, subject to the rights of tenants under their respective Leases.