Common use of Indirect Tax Clause in Contracts

Indirect Tax. (a) All consideration expressed to be payable under a Finance Document by any Obligor to the Lender shall be deemed to be exclusive of any Indirect Tax. If any Indirect Tax is chargeable on any supply made by the Lender to any Obligor in connection with a Finance Document, that Obligor shall pay to the Lender (in addition to and at the same time as paying the consideration) an amount equal to the amount of the Indirect Tax. (b) Where a Finance Document requires any Obligor to reimburse the Lender for any costs or expenses, that Obligor shall also at the same time pay and indemnify the Lender against all Indirect Tax incurred by the Lender in respect of the costs or expenses to the extent the Lender reasonably determines that it is not entitled to credit or repayment in respect of the Indirect Tax.

Appears in 5 contracts

Samples: Loan Agreement (Phoenix New Media LTD), Loan Agreement (Phoenix New Media LTD), Loan Agreement (Phoenix New Media LTD)

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Indirect Tax. (a) All consideration expressed to be payable under a Finance Document by any Obligor the Borrower to the Lender shall be deemed to be exclusive of any Indirect Tax. If any Indirect Tax is chargeable on any supply made by any the Lender to any Obligor the Borrower in connection with a Finance Document, that Obligor the Borrower shall pay to the Lender (in addition to and at the same time as paying the consideration) an amount equal to the amount of the Indirect Tax. (b) Where a Finance Document requires any Obligor the Borrower to reimburse the Lender for any costs or expenses, that Obligor the Borrower shall also at the same time pay and indemnify the Lender against all Indirect Tax incurred by the Lender in respect of the costs or expenses to the extent that the Lender reasonably determines that it is not entitled to credit or repayment in respect of the Indirect Tax.

Appears in 5 contracts

Samples: Facility Agreement (China Nuokang Bio-Pharmaceutical Inc.), Facility Agreement (China TransInfo Technology Corp.), Facility Agreement (China Security & Surveillance Technology, Inc.)

Indirect Tax. (a) All consideration expressed to be payable under a Finance Document by any Obligor the Borrower to the Lender shall be deemed to be exclusive of any Indirect Tax. If any Indirect Tax is chargeable on any supply made by the Lender to any Obligor the Borrower in connection with a Finance Document, that Obligor the Borrower shall pay to the Lender (in addition to and at the same time as paying the consideration) an amount equal to the amount of the Indirect Tax. (b) Where a Finance Document requires any Obligor the Borrower to reimburse the Lender for any costs or expenses, that Obligor the Borrower shall also at the same time pay and indemnify the Lender against all Indirect Tax incurred by the Lender in respect of the costs or expenses to the extent that the Lender reasonably determines that it is not entitled to credit or repayment in respect of the Indirect Tax.

Appears in 3 contracts

Samples: Facility Agreement (Zhongpin Inc.), Facility Agreement (Fushi Copperweld, Inc.), Facility Agreement (Guoren Industrial Developments LTD)

Indirect Tax. (a) All consideration amounts set out or expressed in a Finance Document to be payable under a Finance Document by any Obligor the Borrower to the Lender shall be deemed to be exclusive of any Indirect Tax. If any Indirect Tax is chargeable on any supply made by the Lender to any Obligor the Borrower in connection with a Finance Document, that Obligor the Borrower shall pay to the Lender (in addition to and at the same time as paying the consideration) an amount equal to the amount of the Indirect Tax. (b) Where a Finance Document requires any Obligor the Borrower to reimburse the Lender for any costs or expenses, that Obligor the Borrower shall also at the same time pay and indemnify indemnify, to the maximum extent permitted under all applicable laws, the Lender against all Indirect Tax incurred by the Lender in respect of the costs or expenses to the extent the Lender reasonably determines that it is not entitled to credit or repayment in respect of the Indirect Tax.

Appears in 2 contracts

Samples: Loan Facility Agreement, Loan Facility Agreement (Charm Communications Inc.)

Indirect Tax. (a) All consideration expressed to be payable under a Finance Document by any Obligor the Borrower to the Lender shall be deemed to be exclusive of any Indirect Tax. If any Indirect Tax is chargeable on any supply made by the Lender to any Obligor the Borrower in connection with a Finance Document, that Obligor the Borrower shall pay to the Lender (in addition to and at the same time as paying the consideration) an amount equal to the amount of the Indirect Tax. (b) Where a Finance Document requires any Obligor the Borrower to reimburse the Lender for any costs or expenses, that Obligor the Borrower shall also at the same time pay and indemnify the Lender against all Indirect Tax incurred by the Lender in respect of the costs or expenses to the extent that the Lender reasonably determines that it is not entitled to credit or repayment in respect of the Indirect TaxXxx.

Appears in 2 contracts

Samples: Facility Agreement (Sequoia Capital China I Lp), Facility Agreement (Chiu Na Lai)

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Indirect Tax. (a) All consideration amounts set out or expressed in a Finance Document to be payable under a Finance Document by any Obligor the Borrower to the Lender shall be deemed to be exclusive of any Indirect Tax. If any Indirect Tax is chargeable on any supply made by the Borrower to the Lender to any Obligor in connection with a Finance Document, that Obligor the Borrower shall pay to the Lender (in addition to and at the same time as paying the consideration) an amount equal to the amount of the Indirect Tax. (b) Where a Finance Document requires any Obligor the Borrower to reimburse or indemnify the Lender for any costs or expenses, that Obligor the Borrower shall also at the same time pay and indemnify the Lender against all Indirect Tax incurred by the Lender in respect of the costs or expenses to the extent that the Lender reasonably determines that it is not entitled to credit or repayment in respect of the Indirect Tax.

Appears in 1 contract

Samples: Facility Agreement (Melco Resorts & Entertainment LTD)

Indirect Tax. (a) All consideration amounts set out or expressed in a Finance Document to be payable under a Finance Document by any Obligor the Borrower to the Lender shall be deemed to be exclusive of any Indirect Tax. If any Indirect Tax is chargeable on any supply made by the Lender to any Obligor the Borrower in connection with a ​ Finance Document, that Obligor the Borrower shall pay to the Lender (in addition to and at the same time as paying the consideration) an amount equal to the amount of the Indirect Tax. (b) Where a Finance Document requires any Obligor the Borrower to reimburse the Lender for any costs or expenses, that Obligor the Borrower shall also at the same time pay and indemnify the Lender against all Indirect Tax incurred by the Lender in respect of the costs or expenses to the extent the Lender reasonably determines that it is not entitled to credit or repayment in respect of the Indirect Tax.

Appears in 1 contract

Samples: Facility Agreement (Xunlei LTD)

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