Common use of Exemption from Stamp Duty Clause in Contracts

Exemption from Stamp Duty. (1) The State shall exempt from any stamp duty which but for the operation of this clause would or might be chargeable — (a) this Agreement; (b) any instrument executed by the State pursuant to this Agreement granting to or in favour of the Company or any permitted assignee of the Company any licence or other right of interest; (c) any assignment sublease or disposition (other than by way of mortgage or charge) made in conformity with the provisions of sub‑clause (1) of clause 23 hereof. PROVIDED THAT this clause shall not apply to any instrument or other document executed or made more than 7 years from the date hereof. (2) If prior to the date of commencement stamp duty has been assessed and paid on any instrument or other document referred to in sub‑clause (1) of this clause the State shall on demand after the date of commencement refund any stamp duty paid on any such instrument or other document to the person who paid the same.

Exemption from Stamp Duty. (1) The State shall exempt from any stamp duty which but for the operation of this clause would or might be chargeable — (a) this Agreement; (b) any instrument executed by the State pursuant to this Agreement granting to or in favour of the Company or any permitted assignee of the Company any licence or other right of interest; (c) any assignment sublease or disposition (other than by way of mortgage or charge) made in conformity with the provisions of sub‑clause sub-clause (1) of clause 23 hereof. PROVIDED THAT this clause shall not apply to any instrument or other document executed or made more than 7 years from the date hereof. (2) If prior to the date of commencement stamp duty has been assessed and paid on any instrument or other document referred to in sub‑clause sub-clause (1) of this clause the State shall on demand after the date of commencement refund any stamp duty paid on any such instrument or other document to the person who paid the same.