Common use of Israeli Taxation Clause in Contracts

Israeli Taxation. Assuming that the Designated Agent does not maintain a permanent establishment in the State of Israel, is not otherwise subject to taxation in the State of Israel or is exempt therefrom, (i) the issuance, delivery and sale of the Placement Shares to be sold by the Company hereunder; (ii) the purchase from the Company and the initial sale and delivery by the Designated Agent to the purchase thereof; and (iii) the execution and delivery of this Agreement by the parties hereto or the performance by the parties hereto of their respective obligations hereunder, are not subject to any tax imposed by the State of Israel or any political subdivision thereof.

Israeli Taxation. Assuming that the Designated Agent does not maintain a permanent establishment in the State of Israel, is not otherwise subject to taxation in the State of Israel Israel, or is exempt therefrom, (i) the issuance, delivery and sale of the Placement Shares to be sold by the Company hereunder; (ii) the purchase from the Company and the initial sale and delivery by the Designated Agent to the purchase thereof; and (iii) the execution and delivery of this Agreement by the parties hereto or the performance by the parties hereto of their respective obligations hereunder, hereunder are not subject to any tax imposed by the State of Israel or any political subdivision thereof.

Israeli Taxation. Assuming that the Designated Agent does not maintain a permanent establishment in the State of Israel, is not otherwise subject to taxation in the State of Israel or is exempt therefrom, (i) the issuance, delivery and sale of the Placement Shares to be sold by the Company hereunder; (ii) the purchase from the Company and the initial sale and delivery by the Designated Agent to the purchase thereof; and (iii) the execution and delivery of this Agreement by the parties hereto or the performance by the parties hereto of their respective obligations hereunder, are not subject to any tax imposed by the State of Israel or any political subdivision thereof.