Common use of GST Indemnity Clause in Contracts

GST Indemnity. The Parties agree that, as between the Generator and the AESO, the AESO shall be solely liable for, and as a separate and independent covenant, the AESO shall indemnify, defend and save harmless the Generator from any GST, or any penalty, interest or other amounts with respect thereto, which may be payable by or assessed against the Generator under the Excise Tax Act (Canada) in respect of the transfer of the Renewable Attributes by the Generator to the AESO (including any costs incurred by the Generator in collecting such amount from the AESO). The indemnity in this Section 8.5 shall not apply to GST that is paid by the AESO to the Generator in accordance with RESA Statements delivered by the AESO to the Generator hereunder but is not remitted by the Generator to the applicable Governmental Authority in accordance with Applicable Law, or to any penalty, interest or other amounts with respect thereto.

GST Indemnity. ‌ The Parties agree that, as between the Generator and the AESO, the AESO shall be solely liable for, and as a separate and independent covenant, the AESO shall indemnify, defend and save harmless the Generator from any GST, or any penalty, interest or other amounts with respect thereto, which may be payable by or assessed against the Generator under the Excise Tax Act (Canada) in respect of the transfer of the Renewable Attributes by the Generator to the AESO (including any costs incurred by the Generator in collecting such amount from the AESO). The indemnity in this Section 8.5 shall not apply to GST that is paid by the AESO to the Generator in accordance with RESA Statements delivered by the AESO to the Generator hereunder but is not remitted by the Generator to the applicable Governmental Authority in accordance with Applicable Law, or to any penalty, interest or other amounts with respect thereto.