Common use of Refunds and Tax Benefits Clause in Contracts

Refunds and Tax Benefits. Any tax refunds that are received by Buyer or the Company and Subsidiaries, and any amounts credited against Taxes to which Buyer or the Company and Subsidiaries become entitled, that relate to Tax periods or portions thereof ending on or before the Closing Date shall be for the account of Seller, and Buyer shall pay over to Seller any such refund or the amount of any such credit within fifteen (15) days after receipt or entitlement thereto, net of any Taxes imposed upon Buyer by reason of the receipt of such refund or credit.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Safeco Corp), Stock Purchase Agreement (Hub International LTD)

AutoNDA by SimpleDocs

Refunds and Tax Benefits. Any tax Tax refunds that are received by Buyer Buyer, its Affiliates or the Company and SubsidiariesSurviving Company, and any amounts credited against Taxes Tax to which Buyer or any of the Company and Subsidiaries foregoing become entitled, that relate to any Preclosing Tax periods or portions thereof ending on or before the Closing Date Period shall be for the account of SellerSellers, and Buyer shall pay over to Seller Sellers any such refund or the amount of any such credit within fifteen (15) 30 days after receipt or entitlement thereto, net of any Taxes imposed upon Buyer by reason of the receipt of such refund or credit.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Ebix Inc)

Refunds and Tax Benefits. Any tax Tax refunds that are received by Buyer or the Company and the Included Subsidiaries, and any amounts credited against Taxes Tax to which Buyer or the Company and the Included Subsidiaries become entitled, that relate to Tax periods or portions thereof ending on or before or including the Closing Effective Date shall be for the account of Sellerthe Company Shareholders, and Buyer shall pay over to Seller the Shareholder Representative any such refund or the amount of any such credit within with fifteen (15) days after receipt or entitlement thereto, net of any Taxes imposed upon Buyer by reason of the receipt of such refund or credit.

Appears in 1 contract

Samples: Agreement and Plan of Merger (Hormel Foods Corp /De/)

AutoNDA by SimpleDocs

Refunds and Tax Benefits. Any tax Tax refunds that are received by Buyer Buyer, its Affiliates or the Company and SubsidiariesCompany, and any amounts credited against Taxes Tax to which Buyer or any of the Company and Subsidiaries foregoing become entitled, that relate to Tax periods or portions thereof ending on or before any period prior to the Closing Date shall be for the account of the Seller, and Buyer shall pay over to the Seller any such refund or the amount of any such credit within fifteen (15) 30 days after receipt or entitlement thereto, net of any Taxes imposed upon Buyer by reason of the receipt of such refund or credit.

Appears in 1 contract

Samples: Stock Purchase Agreement (Ebix Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.