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 or services rendered by any Finance Party to any Party in connection with a Finance Document, that Party 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.

Appears in 1 contract

Samples: Facility Agreement (Sterlite Industries (India) LTD)

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Indirect Tax. (a) All consideration expressed to be payable under a Finance Document by any Party an 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 or services rendered by any Finance Party to any Party in connection with a Finance Documentchargeable, that Party the 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.

Appears in 1 contract

Samples: Facility Agreement (Sunday Communications LTD)

Indirect Tax. (a) All consideration expressed to be payable under a Finance Document by any Party the Borrower to a Finance Party shall be deemed to be exclusive of any Indirect Tax. If any Indirect Tax is chargeable on any supply made or services rendered by any Finance Party to any Party in connection with a Finance Document, that Party 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.

Appears in 1 contract

Samples: Term Facilities Agreement (Sterlite Industries (India) LTD)

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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 or services rendered by any Finance Party to any Party in connection with a Finance Document, that Party 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.

Appears in 1 contract

Samples: Term Loan Facilities Agreement (Sterlite Industries (India) LTD)

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