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 any amounts credited against Tax to which the Buyer or the Company become entitled, that relate to Pre-Closing Tax Periods shall be for the account of the Sellers, and, so long as no default or deficiency is then due from Sellers to Buyer under Section 7 and Section 8, Buyer shall pay over to Sellers any such refund or the amount of any such credit within fifteen (15) days after receipt or entitlement thereto.

Appears in 3 contracts

Samples: Membership Interest Purchase Agreement (Meridian Waste Solutions, Inc.), Membership Interest Purchase Agreement (Meridian Waste Solutions, Inc.), Membership Interest Purchase Agreement (Meridian Waste Solutions, Inc.)

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Refunds and Tax Benefits. Any Tax refunds that are received by Buyer or the Company, and any amounts credited against Tax to which the Buyer or the Company become entitled, that relate to Pre-Closing Tax Periods shall be for the account of the SellersSeller, and, so long as no default or deficiency is then due from Sellers Seller to Buyer under Section 7 and Section 8, Buyer shall pay over to Sellers Seller any such refund or the amount of any such credit within fifteen (15) days after receipt or entitlement thereto.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Meridian Waste Solutions, Inc.)

Refunds and Tax Benefits. Any Tax refunds that are received by Buyer or the CompanyCompany and its Subsidiaries, and any amounts credited against Tax to which the Buyer or the Company and its Subsidiaries become entitled, that relate to the Pre-Closing Tax Periods Period shall be for the account of the SellersSeller, and, so long as no default or deficiency is then due from Sellers to Buyer under Section 7 and Section 8, Buyer shall pay over to Sellers any such refund or the amount of any such credit within fifteen (15) 15 days after receipt or entitlement thereto.

Appears in 1 contract

Samples: Stock Purchase Agreement (Diedrich Coffee Inc)

Refunds and Tax Benefits. Any Tax refunds that are received by Buyer or the CompanyCompanies, and any amounts credited against Tax to which the Buyer or the Company Companies become entitled, that relate to Pre-Closing Tax Periods shall be for the account of the Sellers, and, so long as no default or deficiency is then due from Sellers to Buyer under Section 7 and Section 8, Buyer shall pay over to Sellers any such refund or the amount of any such credit within fifteen (15) days after receipt or entitlement thereto.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Meridian Waste Solutions, Inc.)

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Refunds and Tax Benefits. Any Tax refunds that are received by Buyer or the CompanyCompanies, and any amounts credited against Tax to which the Buyer or the Company Companies become entitled, that relate to Pre-Closing Tax Periods shall be for the account of the SellersSeller, and, so long as no default or deficiency is then due from Sellers Seller to Buyer under Section 7 and Section 8, Buyer shall pay over to Sellers Seller any such refund or the amount of any such credit within fifteen (15) days after receipt or entitlement thereto.

Appears in 1 contract

Samples: Membership Interest Purchase Agreement (Meridian Waste Solutions, Inc.)

Refunds and Tax Benefits. Any Tax refunds that are received by Buyer or the Company, and any amounts credited against Tax to which the Buyer or the Company become entitled, that relate to Pre-Closing Tax Periods shall be for the account of the SellersSeller, and, so long as no default or deficiency is then due from Sellers to Buyer under Section 7 and Section 8, Buyer shall pay over to Sellers Seller any such refund or the amount of any such credit within fifteen (15) 15 days after receipt or entitlement thereto.

Appears in 1 contract

Samples: Purchase and Sale Agreement

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