Common use of Going Concern - EU Member States Clause in Contracts

Going Concern - EU Member States. 2.1 The Seller and the Purchaser shall use reasonable endeavours (including, for the avoidance of doubt, the making of an election or application in respect of VAT to any Tax Authority or entering into a written agreement) to secure that, to the extent reasonably possible, the sale of all or any part of the Business, so far as carried on in the European Union, is treated as neither a supply of goods nor a supply of services for the purposes of the laws governing VAT in each relevant member state.

Appears in 3 contracts

Samples: Sale and Purchase Agreement (Glaxosmithkline PLC), Sale and Purchase Agreement (Novartis Ag), Sale and Purchase Agreement (Novartis Ag)

AutoNDA by SimpleDocs

Going Concern - EU Member States. 2.1 The Seller and the Purchaser shall use reasonable endeavours (including, for the avoidance of doubt, the making of an election or application in respect of VAT to any Tax Authority or entering into a written agreement) to secure that, to the extent reasonably possible, the sale of all or any part of the BusinessVaccines Group Businesses, so far as carried on in the European Union, is treated as neither a supply of goods nor a supply of services for the purposes of the laws governing VAT in each relevant member state.

Appears in 3 contracts

Samples: Share and Business Sale Agreement (Glaxosmithkline PLC), Share and Business Sale Agreement (Novartis Ag), Share and Business Sale Agreement (Glaxosmithkline PLC)

AutoNDA by SimpleDocs

Going Concern - EU Member States. 2.1 The Seller and the Purchaser shall use all reasonable endeavours (including, for the avoidance of doubt, the making of an election or application in respect of VAT to any Tax Taxation Authority or entering into a written agreementagreement (including customary warranties)) to secure that, to the extent reasonably possible, that the sale of all or any part of the Business, Business so far as carried on in the European Union, EU is treated as neither a supply of goods nor a supply of services for the purposes of of, and to the extent possible under, the laws governing VAT in each the relevant member state.

Appears in 1 contract

Samples: Share and Business Sale Agreement (Harris Corp /De/)

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