Liability net of GST. Any reference in the calculation of Consideration or of any indemnity, reimbursement or similar amount to a cost, expense or other liability incurred by a party, must exclude the amount of any Input Tax Credit entitlement of that party in relation to the relevant cost, expense or other liability. A party will be assumed to have an entitlement to a full Input Tax Credit unless it demonstrates otherwise prior to the date on which the Consideration must be provided.
Liability net of GST. Where any indemnity, reimbursement or similar payment under this Contract is based on any cost, expense or other liability, it shall be reduced by any input tax credit entitlement, or notional input tax credit entitlement, in relation to the relevant cost, expense or other liability.
Liability net of GST. Any reference under this Agreement to a cost, expense or other liability incurred by a Party to this Agreement will exclude the amount of any Input Tax Credit entitlement of that Party in relation to the relevant cost, expense or other liability.
Liability net of GST. Any reference in the calculation of Consideration or of any indemnity, reimbursement or similar amount to a cost, expense or other liability incurred by a party must exclude the amount of any Input West Australian Iron Ore Production Joint Venture Agreement Tax Credit entitlement of that party in relation to the relevant cost, expense or other liability. A party will be assumed to have an entitlement to a full Input Tax Credit unless it demonstrates otherwise prior to the date on which the Consideration must be provided.
Liability net of GST. (a) If any indemnity, reimbursement or similar payment to a party under this agreement is calculated by reference to the GST inclusive amount of any Liability or Loss, then the payment is to be reduced by the amount of any input tax credit or notional input tax credit entitlement to which that party is entitled in respect of that Liability or Loss.
(b) If either party becomes liable for any penalties or interest as a result of a late payment of GST, where that late payment is as a direct result of a failure of the other party to comply with the terms of this clause 11, the first party must pay to the other party an additional amount on demand equal to the amount of those penalties and interest.
Liability net of GST. Any reference in the calculation of Consideration under this Lease to a cost, expense or other Liability incurred by a person, will exclude the amount of any Input Tax Credit entitlement of that person in relation to an Acquisition to which the relevant cost, expense or other Liability relates. A person will be assumed to have an entitlement to a full Input Tax Credit unless it demonstrates otherwise prior to the date on which the Consideration must be provided.
Liability net of GST. Where any payment under this deed is based on or calculated by reference to any cost, expense or other liability, it must be reduced by any input tax credit entitlement in relation to the relevant cost, expense or other liability. A party will be assumed to have an entitlement to a full input tax credit unless it demonstrates otherwise prior to the date on which the payment must be made.
Liability net of GST. Where under or in connection with the Contract a party is required to pay an amount which is (or is to be calculated by reference to) any cost, expense, loss or other liability suffered or incurred by another party that amount shall be (or be calculated by reference to) the cost, expense, loss or other liability net of any input tax credits available to the other party or the representative member of its GST Group.
