Definition of Tax Refunds

  1. Tax Refunds means any claim, right, or interest in or to any refund for foreign, federal, state or local Taxes of any nature whatsoever for periods ending on or prior to the Closing Date and any interest (or similar amount) thereon.

Examples of Tax Refunds in a sentence

  1. Any notice of sale, disposition or other intended action by Mortgagee with respect to the Personalty, Fixtures, Leases, Rents, Deposit Accounts, Property Agreements, Tax Refunds, Proceeds, Insurance and Condemnation Awards sent to Mortgagor at least ten (10) days prior to any action under the UCC shall constitute reasonable notice to Mortgagor.
  2. Tax Refunds for Periods After the Original PSA Closing Date Through the Closing Date.
  3. Payments of Net Adjustment Amount, Indemnity Escrow Fund and Tax Refunds to Stockholders.

Definition of Tax Refunds in Stock Purchase Agreement

Tax Refunds means Tax refunds (or credits or offsets in lieu of refunds), together with any interest paid on such amounts by the relevant Governmental Authority, that are received by Buyer or any of the Target Companies that relate to Pre-Closing Periods, less net Taxes actually paid as a result of the receipt of such Tax Refund and less reasonable out-of-pocket costs incurred solely for the purpose of obtaining such Tax Refund (for the avoidance of doubt, not including any such costs incurred in the ordinary course of business or that would have been incurred regardless of Buyer's obligations under Section 6.10(b)).


Definition of Tax Refunds in Asset Purchase Agreement

Tax Refunds means any claim, right, or interest in or to any refund for foreign, federal, state or local Taxes of any nature whatsoever for periods ending on or prior to the Closing Date and any interest (or similar amount) thereon.