Common use of Deduction of Taxes Clause in Contracts

Deduction of Taxes. Any income or other tax which Licensee is required to withhold and pay on behalf of Licensor with respect to the royalties payable to Licensor under this Agreement shall be deducted from such royalties prior to remittance to Licensor; provided, however, that in regard to any tax so deducted, Licensee shall give Licensor such assistance as may reasonably be necessary to enable Licensor to claim exemption therefrom. In each case Licensee shall furnish Licensor with proper evidence of the taxes so paid on its behalf.

Appears in 1 contract

Samples: License Agreement (Renovis Inc)

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Deduction of Taxes. Any income or other tax which Licensee is ------------------ required to withhold and pay on behalf of Licensor with respect to the royalties payable to Licensor under this Agreement shall be deducted from such royalties prior to remittance to Licensor; provided, however, that in regard to any tax so ----------------- deducted, Licensee shall give Licensor such assistance as may reasonably be necessary to enable Licensor to claim exemption therefrom. In each case Licensee shall furnish Licensor with proper evidence of the taxes so paid on its behalf.

Appears in 1 contract

Samples: License Agreement (Centaur Pharmaceuticals Inc)

Deduction of Taxes. Any income or other tax which Licensee is required to withhold and pay on behalf of Licensor Licensors with respect to the royalties payable to Licensor Licensors under this Agreement shall be deducted from such royalties prior to remittance to LicensorLicensors; provided, however, that in regard to any tax so deducted, deducted Licensee shall give Licensor Licensors such assistance as may reasonably be necessary to enable Licensor Licensors to claim exemption therefrom. In each case Licensee shall furnish Licensor Licensors with proper evidence of the taxes so paid on its behalf.

Appears in 1 contract

Samples: License Agreement (Renovis Inc)

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Deduction of Taxes. Any income or other tax which Licensee is ------------------ required to withhold and pay on behalf of Licensor Licensors with respect to the royalties payable to Licensor Licensors under this Agreement shall be deducted from such royalties prior to remittance to LicensorLicensors; provided, however, that in regard to -------- ------- any tax so deducted, deducted Licensee shall give Licensor Licensors such assistance as may reasonably be necessary to enable Licensor Licensors to claim exemption therefrom. In each case Licensee shall furnish Licensor Licensors with proper evidence of the taxes so paid on its behalf.

Appears in 1 contract

Samples: License Agreement (Centaur Pharmaceuticals Inc)

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