Common use of Indirect Tax Clause in Contracts

Indirect Tax. (a) All consideration expressed to be payable under a Finance Document by any Party to a Finance Party shall be deemed to be exclusive of any Indirect Tax. If any Indirect Tax is chargeable on any supply made by any Finance Party to any Party in connection with a Finance Document, that Party shall, upon receipt of a tax invoice in respect of such Indirect Tax, pay to the Finance Party (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 Party to reimburse a Finance Party for any costs or expenses, that Party shall also at the same time pay and indemnify the Finance Party against all Indirect Tax incurred by that Finance Party in respect of the costs or expenses to the extent that the Finance Party reasonably determines that it is not entitled to credit or repayment in respect of the Indirect Tax.

Indirect Tax. (a) All consideration expressed to be payable under a Finance Document by any Party Obligor to a Finance Party shall be deemed to be exclusive of any Indirect Tax. If any Indirect Tax is chargeable on any supply made by any Finance Party to any Party Obligor in connection with a Finance Document, that Party shall, upon receipt of a tax invoice in respect of such Indirect Tax, Obligor shall pay to the Finance Party (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 Party Obligor to reimburse or indemnify a Finance Party for any costs or expenses, that Party Obligor shall also at the same time pay reimburse and indemnify (as the case may be) the Finance Party against all Indirect Tax incurred by that Finance Party in respect of the such costs or expenses to the extent that the Finance Party reasonably determines that it is not entitled to credit or repayment in respect of the Indirect Tax.

Indirect Tax. (a) All consideration expressed to be payable under a Finance Document by any Party Obligor to a Finance Party shall be deemed to be exclusive of any Indirect Tax. If any Indirect Tax is chargeable on any supply made by any Finance Party to any Party Obligor in connection with a Finance Document, that Party shall, upon receipt of a tax invoice in respect of such Indirect Tax, Obligor shall pay to the Finance Party (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 Party Obligor to reimburse or indemnify a Finance Party for any costs or expenses, that Party Xxxxxxx shall also at the same time pay reimburse and indemnify (as the case may be) the Finance Party against all Indirect Tax incurred by that Finance Party in respect of the such costs or expenses to the extent that the Finance Party reasonably determines that it is not entitled to credit or repayment in respect of the Indirect Tax.

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