Common use of Obligation Regarding Taxes Clause in Contracts

Obligation Regarding Taxes. In the event of the Owners and/or the Developer being made liable for payment of any tax [excepting Income Tax and Service Tax (if any levied in regard to the Development Agreements)], fee, duty, levy or any other liability under any statute or law for the time being in force or enforced in future (such as Service Tax, Works Contract Tax, Value Added Tax or any other tax, fee and imposition levied by the State Government, Central Government or any other authority or body) or if the Owners and/or Developer are advised by their consultant that the Owners and/or Developer are liable or shall be made liable for payment of any such tax, fee, duty, levy or other liability on account of the Owners and/or Developer having agreed to perform the obligations under this Agreement or having entered into this Agreement, then and in that event, the Buyer shall be liable to pay all such tax, fee, duty, levy or other liability and hereby indemnifies and agrees to keep the Owners and/or the Developer indemnified against all actions, suits, proceedings, costs, charges and expenses in respect thereof. The taxes, fees, duties, levies or other liabilities so imposed or estimated by the Owners' and/or Developer's consultant shall be paid by the Buyer at or before the Date Of Possession.

Appears in 3 contracts

Samples: Property Management & Real Estate, Property Transfer Agreement, Transfer Agreement

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Obligation Regarding Taxes. In the event of the Owners Transferor and/or the Developer being made liable for payment of any tax [(excepting Income Tax and Service Tax (GST, if any any, levied in regard to respect of the Development Agreements)], feeAgreement, duty, levy or any other liability under any statute or law for the time being in force or enforced in future (such as Goods and Service Tax, Works Contract Tax, Value Added Tax or any other tax, fee tax and imposition levied by the State Government, Central Government or any other authority or body) or if the Owners Transferor and/or the Developer are advised by their consultant that the Owners Transferor and/or the Developer are liable or shall be made liable for payment of any such tax, fee, duty, levy or other liability on account of the Owners Transferor and/or the Developer having agreed to perform the obligations under this Agreement or having entered into this Agreement, then and in that event, the Buyer Allottee/Transferee shall be liable to pay all such tax, fee, duty, levy or other statutory liability and hereby indemnifies and agrees to keep the Owners Transferor and/or the Developer indemnified against all actions, suits, proceedings, costs, charges and expenses in respect thereof. The taxes, fees, duties, levies or other liabilities so imposed or estimated by the Owners' Transferor's and/or the Developer's consultant shall be paid by the Buyer Allottee/Transferee at or before the Date Of of Possession.

Appears in 2 contracts

Samples: Agreement for Sale, Sale Agreement

Obligation Regarding Taxes. In the event of the Owners and/or the Developer being made liable for payment of any tax [(excepting Income Tax and Service Tax (Tax/GST, if any any, levied in regard to the Development AgreementsAgreement)], fee, duty, levy or any other liability under any statute or law for the time being in force or enforced in future (such as Service Tax/GST, Works Contract Tax, Value Added Tax or any other tax, fee tax and imposition levied by the State Government, Central Government or any other authority or body) or if the Owners and/or the Developer are advised by their consultant that the Owners and/or the Developer are liable or shall be made liable for payment of any such tax, fee, duty, levy or other liability on account of the Owners and/or the Developer having agreed to perform the obligations under this Agreement or having entered into this Agreement, then and in that event, the Buyer Buyers shall be liable to pay all such tax, fee, duty, levy or other statutory liability and hereby indemnifies and agrees to keep the Owners and/or the Developer indemnified against all actions, suits, proceedings, costs, charges and expenses in respect thereof. The taxes, fees, duties, levies or other liabilities so imposed or estimated by the Owners' and/or the Developer's ’s consultant shall be paid by the Buyer Buyers at or before the Date Of Possession.

Appears in 2 contracts

Samples: Partnership Agreement, Partnership Agreement

Obligation Regarding Taxes. In the event of the Owners and/or the Developer being made liable for payment of any tax [(excepting Income Tax and Service Tax (if any levied in regard to the Development Agreements)], fee, Tax) duty, levy or any other liability under any statute or law for the time being in force or enforced in future (such as Service Tax, Works Contract Tax, Value Added Tax or any other tax, fee tax and imposition levied by the State Government, Central Government or any other authority or body) or if the Owners and/or the Developer are advised by their consultant that the Owners and/or the Developer are liable or shall be made liable for payment of any such tax, fee, duty, levy or other liability on account of the Owners and/or Developer having agreed to perform the obligations under this Agreement or having entered into this Agreement, then and in that event, the Buyer shall be liable to pay all such tax, fee, duty, levy or other liability and hereby indemnifies and agrees to keep the Owners and/or the Developer indemnified against all actions, suits, proceedings, costs, charges and expenses in respect thereof. The taxes, fees, duties, levies or other liabilities so imposed or estimated by the Owners' and/or the Developer's ’s consultant shall be paid by the Buyer at or before the Date Of Possession. Any liability on account of this arising after the Date Of Possession shall also be payable by the Buyer to the Developer and/or the Owners.

Appears in 1 contract

Samples: Unit Allocation Agreement

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Obligation Regarding Taxes. In the event of the Owners and/or the Developer being made liable for payment of any tax [(excepting Income Tax and Service Tax (if any levied in regard to the Development Agreements)], fee, Tax) duty, levy or any other liability under any statute or law for the time being in force or enforced in future (such as Service Tax, Works Contract Tax, Value Added Tax or any other tax, fee tax and imposition levied by the State Government, Central Government or any other authority or body) or if the Owners and/or Developer Developers are advised by their consultant that the Owners and/or Developer Developers are liable or shall be made liable for payment of any such tax, fee, duty, levy or other liability on account of the Owners and/or Developer having agreed to perform the obligations under this Agreement or having entered into this Agreement, then and in that event, the Buyer shall be liable to pay all such tax, fee, duty, levy or other liability and hereby indemnifies and agrees to keep the Owners and/or the Developer indemnified against all actions, suits, proceedings, costs, charges and expenses in respect thereof. The taxes, fees, duties, levies or other liabilities so imposed or estimated by the Owners' and/or the Developer's ’s consultant shall be paid by the Buyer at or before the Date Of Possession. Any liability on account of this arising after the Date Of Possession shall also be payable by the Buyer to the Developer and/or the Owners.

Appears in 1 contract

Samples: Agreement for Unit No. (Developer’s Allocation)

Obligation Regarding Taxes. In the event of the Owners and/or the Developer being made liable for payment of any tax [excepting Income Tax and Service Tax (if any levied in regard to the Development AgreementsCo-operation Cum Construction Agreement)], fee, duty, levy or any other liability under any statute or law for the time being in force or enforced in future (such as Service Tax, Works Contract Tax, Value Added Tax or any other tax, fee and imposition levied by the State Government, Central Government or any other authority or body) or if the Owners and/or Developer are advised by their consultant that the Owners and/or Developer are liable or shall be made liable for payment of any such tax, fee, duty, levy or other liability on account of the Owners and/or Developer having agreed to perform the obligations under this Agreement or having entered into this Agreement, then and in that event, the Buyer Purchasers shall be liable to pay all such tax, fee, duty, levy or other liability and hereby indemnifies indemnify and agrees agree to keep the Owners and/or the Developer indemnified against all actions, suits, proceedings, costs, charges and expenses in respect thereof. The taxes, fees, duties, levies or other liabilities so imposed or estimated by the Owners' and/or Developer's consultant shall be paid by the Buyer Purchasers at or before the Date Of Possession.

Appears in 1 contract

Samples: Partnership Agreements

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