Definition of Tax Refund Amount

  1. Tax Refund Amount means, (a) during the period from (i) the date of receipt by the Administrative Agent of a copy of the Form 1139 filed with the Internal Revenue Service by the Borrower in respect of the Tax Refund and copies of Forms 8302 and 8821 or such other relevant Internal Revenue Service forms necessary to be filed with the Internal Revenue Service (as so filed) in order for the Tax Refund to be paid directly into a Blocked Account and for notices from the Internal Revenue Service denying or reducing the amount of the Tax Refund be delivered to the Administrative Agent,to (ii) the earlier to occur of (A) September 30, 2009 and (B) the date on which the Borrower receives the Tax Refund, an amount equal to the lesser of 75% of the Tax Refund and $9,000,000 and (b) thereafter, $0.00.

Examples of Tax Refund Amount in a sentence

  1. If the Buyer has received payment from the Sellers under this clause 16 (Tax Payment Amount) and within 12 months after such payment is received any Buyer Group Member receives any refund in respect of the facts, matters or circumstances in respect of which that payment was made (Tax Refund Amount) then the Buyer must within 20 Business Days after that refund is received repay to the Sellers an amount equal to the lesser of the Tax Payment Amount and the Tax Refund Amount less:

Definition of Tax Refund Amount in Second Amended and Restated Credit Agreement

Tax Refund Amount means, (a) during the period from (i) the date of receipt by the Administrative Agent of a copy of the Form 1139 filed with the Internal Revenue Service by the Borrower in respect of the Tax Refund and copies of Forms 8302 and 8821 or such other relevant Internal Revenue Service forms necessary to be filed with the Internal Revenue Service (as so filed) in order for the Tax Refund to be paid directly into a Blocked Account and for notices from the Internal Revenue Service denying or reducing the amount of the Tax Refund be delivered to the Administrative Agent,to (ii) the earlier to occur of (A) September 30, 2009 and (B) the date on which the Borrower receives the Tax Refund, an amount equal to the lesser of 75% of the Tax Refund and $9,000,000 and (b) thereafter, $0.00.