Common use of Liability net of GST Clause in Contracts

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.

Appears in 12 contracts

Samples: Bulk Storage and Handling Agreement, Bulk Storage and Handling Agreement, Service Provider Certification Agreement

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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.

Appears in 10 contracts

Samples: Enterprise Funding Agreement (Alcoa Corp), World Congress Hosting Agreement, Cultural Heritage Management Plan Agreement

Liability net of GST. Any reference in the calculation of Consideration 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.

Appears in 4 contracts

Samples: Share Sale and Purchase Agreement (Interoil Corp), Share Sale and Purchase Agreement (Interoil Corp), Share Purchase Agreement (Interoil Corp)

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, 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.

Appears in 4 contracts

Samples: Implementation Agreement (Rio Tinto LTD), Implementation Agreement (Rio Tinto LTD), Implementation Agreement (BHP Billiton PLC)

Liability net of GST. Any reference in the calculation of Consideration Consideration, or of any indemnity, reimbursement or similar amount amount, to a cost, expense or other liability incurred by a partyParty, must exclude the amount of any Input Tax Credit entitlement of that party Party in relation to the relevant cost, expense or other liability. A party 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.

Appears in 4 contracts

Samples: User Funding – Extension Infrastructure Agreement, Reference User Funding Agreement (Rufa), Reference User Funding Agreement (Rufa)

Liability net of GST. Any reference in the calculation of Consideration or of any indemnity, reimbursement or similar amount under this Agreement 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.

Appears in 3 contracts

Samples: Access Agreement, Access Agreement, Access Agreement

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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 Liability incurred by a party, must party will exclude the amount of any Input Tax Credit entitlement of that party in relation to the relevant cost, expense or other liabilityLiability. A party will be assumed deemed 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.

Appears in 1 contract

Samples: Director's Access and Indemnity Deed

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.

Appears in 1 contract

Samples: Water Transfer Agreement

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.‌

Appears in 1 contract

Samples: Water Transfer Agreement

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