Common use of GST Payment Clause in Contracts

GST Payment. Where GST is imposed on any supply made under this Agreement by Fiserv to the Company, the Company must pay or provide the GST Exclusive Consideration for the supply and, in addition to and at the same time as the GST Exclusive Consideration is payable or to be provided, an additional amount calculated by multiplying the value of that GST Exclusive Consideration (without deduction or set-off) by the prevailing GST rate. This clause does not apply to a supply for which a GST inclusive consideration has been agreed unless the supply is made after a change to the GST rate has been effected and the agreed GST inclusive consideration has not had the GST rate change taken into account, in which case the consideration payable for the supply shall be calculated pursuant to this clause. If the amount of GST recovered by the Fiserv from the Company differs from the amount of GST payable at law by Fiserv (or an entity grouped with Fiserv for GST purposes) in respect of the supply, the amount payable by the Company to Fiserv will be adjusted accordingly.

GST Payment. Where GST is imposed on any supply made under this Agreement by Fiserv to the CompanyMerchant, the Company Merchant must pay or provide the GST Exclusive Consideration for the supply and, in addition to and at the same time as the GST Exclusive Consideration is payable or to be provided, an additional amount calculated by multiplying the value of that GST Exclusive Consideration (without deduction or set-off) by the prevailing GST rate. This clause does not apply to a supply for which a GST inclusive consideration has been agreed unless the supply is made after a change to the GST rate has been effected and the agreed GST inclusive consideration has not had the GST rate change taken into account, in which case the consideration payable for the supply shall be calculated pursuant to this clause. If the amount of GST recovered by the Fiserv from the Company Merchant differs from the amount of GST payable at law by Fiserv (or an entity grouped with Fiserv for GST purposes) in respect of the supply, the amount payable by the Company Merchant to Fiserv will be adjusted accordingly.

GST Payment. Where GST is imposed on any supply made under this Agreement by Fiserv PSP to the Company, the Company must pay or provide the GST Exclusive Consideration for the supply and, in addition to and at the same time as the GST Exclusive Consideration is payable or to be provided, an additional amount calculated by multiplying the value of that GST Exclusive Consideration (without deduction or set-off) by the prevailing GST rate. This clause does not apply to a supply for which a GST inclusive consideration has been agreed unless the supply is made after a change to the GST rate has been effected and the agreed GST inclusive consideration has not had the GST rate change taken into account, in which case the consideration payable for the supply shall be calculated pursuant to this clause. If the amount of GST recovered by the Fiserv PSP from the Company differs from the amount of GST payable at law by Fiserv (or an entity grouped with Fiserv for GST purposes) PSP in respect of the supply, the amount payable by the Company to Fiserv PSP will be adjusted accordingly.

GST Payment. Where GST is imposed on any supply made under this Agreement by Fiserv First Data to the Company, the Company must pay or provide the GST Exclusive Consideration for the supply and, in addition to and at the same time as the GST Exclusive Consideration is payable or to be provided, an additional amount calculated by multiplying the value of that GST Exclusive Consideration (without deduction or set-off) by the prevailing GST rate. This clause does not apply to a supply for which a GST inclusive consideration has been agreed unless the supply is made after a change to the GST rate has been effected and the agreed GST inclusive consideration has not had the GST rate change taken into account, in which case the consideration payable for the supply shall be calculated pursuant to this clause. If the amount of GST recovered by the Fiserv First Data from the Company differs from the amount of GST payable at law by Fiserv First Data (or an entity grouped with Fiserv First Data for GST purposes) in respect of the supply, the amount payable by the Company to Fiserv First Data will be adjusted accordingly.