Common use of Liability to pay GST Clause in Contracts

Liability to pay GST. Subject to Clause 7.5 if a party makes a taxable supply in connection with this Lease for a consideration which, under Clause 7.2 or Clause 7.5, represents its value then the party liable to pay for the taxable supply must also pay, at the same time and in the same manner as the value is otherwise payable, the amount of any GST payable in respect of the taxable supply.

Appears in 2 contracts

Samples: Universal Biosensors Inc, Universal Biosensors Inc

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Liability to pay GST. Subject to Clause 7.5 9.5, if a party makes a taxable supply in connection with this Lease agreement for a consideration which, which under Clause 7.2 or Clause 7.5, 9.3 represents its value value, then the party liable to pay for the taxable supply must also pay, at the same time and in the same manner as the value is otherwise payable, the amount of any GST payable in respect of the taxable supply.

Appears in 1 contract

Samples: Asset Sale Agreement (Novagen Solar Inc.)

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Liability to pay GST. Subject to Clause 7.5 8.4, if a party makes a taxable supply in connection with this Lease agreement for a consideration which, which under Clause 7.2 or Clause 7.5, 8.2 represents its value value, then the party liable to pay for the taxable supply must also pay, at the same time and in the same manner as the value is otherwise payable, the amount of any GST payable in respect of the taxable supply.

Appears in 1 contract

Samples: Asset Sale Agreement (Novagen Ingenium Inc.)

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