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Common use of GST gross up Clause in Contracts

GST gross up. If all or part of any such payment (including payments made under the MSLA) is the consideration for a Taxable Supply, Client must pay to the supplier additional consideration equal to the GST Amount. Such additional amount is to be paid on the earlier of: (a) the date of the first payment for the Taxable Supply; and (b) the date five (5) Business Days after the date on which an Invoice is issued for the Taxable Supply.

Appears in 3 contracts

Samples: Account Agreement, Account Agreement, Prime Account Agreement

GST gross up. β€Œ If all or part of any such payment (including payments made under the MSLA) is the consideration for a Taxable Supply, Client must pay to the supplier additional consideration equal to the GST Amount. Such additional amount is to be paid on the earlier of: (a) the date of the first payment for the Taxable Supply; and (b) the date five (5) Business Days after the date on which an Invoice is issued for the Taxable Supply.

Appears in 1 contract

Samples: Account Agreement