Common use of The Relevant Amount Clause in Contracts

The Relevant Amount. 7.2.1 shall first be set off against any payment then due from the Warrantors under a Holdings Tax Claim; 7.2.2 to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 7.2.1, a refund shall be made to the Warrantors of any previous payment or payments made by the Vendors under a Holdings Tax Claim and not previously refunded under this paragraph 7.2.2 up to the amount of such excess; and 7.2.3 to the extent that the excess referred to in paragraph 7.2.2 is not exhausted under that paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Warrantors under a Holdings Tax Claim.

The Relevant Amount. 7.2.1 shall first be set off against any payment then due from the Warrantors under a Holdings HHL Tax Claim; 7.2.2 to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 7.2.1, a refund shall be made to the Warrantors of any previous payment or payments made by the Vendors under a Holdings HHL Tax Claim and not previously refunded under this paragraph 7.2.2 up to the amount of such excess; and 7.2.3 to the extent that the excess referred to in paragraph 7.2.2 is not exhausted under that paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Warrantors under a Holdings HHL Tax Claim.

The Relevant Amount. 7.2.1 shall first be set off against any payment then due from the Warrantors under a Holdings Tax Claim; 7.2.2 to the extent there is an excess of the Relevant Amount after any application of the same under paragraph 7.2.1, a refund shall be made to the Warrantors of any previous payment or payments made by the Vendors Warrantors under a Holdings Tax Claim and not previously refunded under this paragraph 7.2.2 up to the amount of such excess; and 7.2.3 to the extent that the excess referred to in paragraph 7.2.2 is not exhausted under that paragraph, the remainder of that excess shall be carried forward and set off against any future payment or payments which become due from the Warrantors under a Holdings Tax Claim.