Common use of Obligation with respect to Taxes, duties Clause in Contracts

Obligation with respect to Taxes, duties. 9.4.1. The Licensee shall be solely responsible to pay all other statutory taxes (except Property tax, if applicable), statutory dues, local levies along with third party dues, if any, as applicable on the agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure as per Govt. guidelines will also be applicable. 9.4.2. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for execution of the contract shall be recovered from the Bidder separately by Maha-Metro. However, it is to be noted that Income tax if any which is imposed on Maha-Metro shall be borne by Maha-Metro only. 9.4.3. Payment of stamp duty on execution & registration of license agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee. 9.4.4. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by the Maha-Metro, then Maha-Metro shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of SBI base rate plus 3% or 15% per annum, whichever is higher. In addition, the Licensee shall pay as damages to the Maha-Metro 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro and interest payable to Maha-Metro.

Obligation with respect to Taxes, duties. 9.4.18.4.1. The Licensee shall be solely responsible to pay all other statutory taxes (except Property tax, if applicable), statutory dues, local levies along with third party dues, if any, as applicable on the agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure as per Govt. guidelines will also be applicable. 9.4.28.4.2. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for execution of awarding the contract shall be recovered from the Bidder separately by Maha-Metro. However, it is to be noted that Income tax if any which is imposed on Maha-Metro shall be borne by Maha-Maha- Metro only. 9.4.38.4.3. Payment of stamp duty on execution & registration of license agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee. 9.4.48.4.4. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by the Maha-Metro, then Maha-Metro shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of SBI base rate plus 318% or 15% (Eighteen percent) per annum, whichever is higher. In addition, addition the Licensee shall pay as damages to the Maha-Metro 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro and interest payable to Maha-Metro.

Obligation with respect to Taxes, duties. 9.4.1. a. The Licensee shall be solely responsible to pay all other statutory taxes (except Property tax, if applicable), statutory dues, local levies along with third party dues, if any, as applicable on the agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure as per Govt. guidelines will also be applicable. 9.4.2. b. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for execution of awarding the contract shall be recovered from the Bidder separately by Maha-Metro. However, it is to be noted that Income tax if any which is imposed on Maha-Metro shall be borne by Maha-Maha- Metro only. 9.4.3. c. Payment of stamp duty on execution & registration of license agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee. 9.4.4. d. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by the Maha-Metro, then Maha-Metro shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of SBI base rate plus 318% or 15% (Eighteen percent) per annum, whichever is higher. In addition, addition the Licensee shall pay as damages to the Maha-Metro 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro and interest payable to Maha-Metro.

Obligation with respect to Taxes, duties. 9.4.17.4.1. The Licensee shall be solely responsible to pay all other statutory taxes (except Property tax, if applicable)taxes, statutory dues, local levies along with third party dues, if any, as applicable on the agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure as per Govt. guidelines will also be applicable. 9.4.27.4.2. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for execution of awarding the contract shall be recovered from the Bidder separately by Maha-Metro. However, it is to be noted that Income tax if any which is imposed on Maha-Metro shall be borne by Maha-Maha- Metro only. 9.4.37.4.3. Payment of stamp duty on execution & registration of license agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee. 9.4.47.4.4. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by the Maha-Metro, then Maha-Metro shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of SBI base rate plus 318% or 15% (Eighteen percent) per annum, whichever is higher. In addition, the Licensee shall pay as damages to the Maha-Metro 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro and interest payable to Maha-Metro.

Obligation with respect to Taxes, duties. 9.4.1. The Licensee shall be solely responsible to pay all other statutory taxes (except Property tax, if applicable), statutory dues, local levies along with third party dues, if any, as applicable on the agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure as per Govt. guidelines will also be applicable. 9.4.2. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for execution of awarding the contract shall be recovered from the Bidder separately by Maha-Metro. However, it is to be noted that Income tax if any which is imposed on Maha-Metro shall be borne by Maha-Maha- Metro only. 9.4.3. Payment of stamp duty on execution & registration of license agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee. 9.4.4. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by the Maha-MetroAuthority, then Maha-Metro Authority shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of SBI base rate plus 318% or 15% (Eighteen percent) per annum, whichever is higher. In addition, addition the Licensee shall pay as damages to the Maha-Metro Authority 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro Authority and interest payable to Maha-MetroAuthority.

Obligation with respect to Taxes, duties. 9.4.1. The Licensee shall be solely responsible to pay all other statutory taxes (except Property tax, if applicable), statutory dues, local levies along with third party dues, if any, as applicable on the agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure as per Govt. guidelines will also be applicable. 9.4.2. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for execution of awarding the contract shall be recovered from the Bidder separately by Maha-Metro. However, it is to be noted that Income tax if any which is imposed on Maha-Metro shall be borne by Maha-Maha- Metro only. 9.4.3. Payment of stamp duty on execution & registration of license agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee. 9.4.4. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by the Maha-Metro, then Maha-Metro shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of SBI base rate plus 318% or 15% (Eighteen percent) per annum, whichever is higher. In addition, addition the Licensee shall pay as damages to the Maha-Metro 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro and interest payable to Maha-Metro. 9.4.5. The Licensee shall be solely responsible to pay NMC’s License Fees, if applicable, for outdoor advertisement.

Obligation with respect to Taxes, duties. 9.4.16.4.1. The Licensee shall be solely responsible to pay all other statutory taxes (except Property tax, if applicable)taxes, statutory dues, local levies along with third party dues, if any, as applicable on the agreementas per this Agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license License agreement. Any change in Tax structure like introduction of GST as per Govt. guidelines will also be applicable. 9.4.26.4.2. Any new levies, taxes, cess cess, revenue share etc. if any, imposed by Government Authorities on MahaMAHA-Metro METRO for execution of the contract this Agreement shall be recovered from the Bidder Licensee separately by Maha-MetroMAHA- METRO. However, it is to be noted that Income tax if any which is imposed on MahaMAHA-Metro METRO shall be borne by MahaMAHA-Metro METRO only. 9.4.36.4.3. Payment of stamp duty on execution & registration of license agreementthis Agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee. 9.4.46.4.4. If the Licensee fails to pay any Taxes, charges, outgoings outgoing payments etc., which expenses he is required to bear, and the same are instead paid by the Maha-MetroAuthority, then Maha-Metro Authority shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of SBI base rate plus 318% or 15% (Eighteen percent) per annum, whichever is higher. In addition, the Licensee shall pay as damages to the Maha-Metro Authority 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro Authority and interest payable to Maha-MetroAuthority.

Obligation with respect to Taxes, duties. 9.4.18.4.1. The Licensee shall be solely responsible to pay all other statutory taxes (except Property tax, if applicable), statutory dues, local levies along with third party dues, if any, as applicable on the agreementthis Agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure as per Govt. guidelines will also be applicable. 9.4.28.4.2. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for execution of awarding the contract shall be recovered from the Bidder Licensee separately by Maha-Metro. However, it is to be noted that Income tax if any which is imposed on Maha-Metro shall be borne by Maha-Metro only. 9.4.38.4.3. Payment of stamp duty on execution & registration of license agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee. 9.4.48.4.4. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by the Maha-MetroAuthority, then Maha-Metro Authority shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of SBI base rate plus 318% or 15% (Eighteen percent) per annum, whichever is higher. In addition, addition the Licensee shall pay as damages to the Maha-Metro Authority 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro Authority and interest payable to Maha-MetroAuthority.

Obligation with respect to Taxes, duties. 9.4.17.4.1. The Licensee shall be solely responsible to pay all other statutory taxes (except Property tax, if applicable)taxes, statutory dues, local levies along with third party dues, if any, as applicable on the agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure as per Govt. guidelines will also be applicable. 9.4.27.4.2. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for execution of awarding the contract shall be recovered from the Bidder separately by Maha-Metro. However, it is to be noted that Income tax if any which is imposed on Maha-Metro shall be borne by Maha-Maha- Metro only. 9.4.37.4.3. Payment of stamp duty on execution & registration of license agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee. 9.4.47.4.4. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by the Maha-Metro, then Maha-Metro shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of SBI base rate plus 318% or 15% (Eighteen percent) per annum, whichever is higher. In addition, addition the Licensee shall pay as damages to the Maha-Metro 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro and interest payable to Maha-Metro.

Obligation with respect to Taxes, duties. 9.4.18.4.1. The Licensee shall be solely responsible to pay all other statutory taxes (except Property tax, if applicable), statutory dues, local levies along with third party dues, if any, as applicable on the agreement. The Licensee shall indemnify Maha-Metro from any claims that may arise from the statutory authorities in connection with this tender document / license agreement. Any change in Tax structure as per Govt. guidelines will also be applicable. 9.4.28.4.2. Any new levies, taxes, cess etc. if any, imposed by Government Authorities on Maha-Metro for execution of awarding the contract shall be recovered from the Bidder separately by Maha-Metro. However, it is to be noted that Income tax if any which is imposed on Maha-Metro shall be borne by Maha-Maha- Metro only. 9.4.38.4.3. Payment of stamp duty on execution & registration of license agreement, if any, to be executed in pursuance of this bid shall be solely borne by the Licensee. 9.4.48.4.4. If the Licensee fails to pay any Taxes, charges, outgoings payments etc., which expenses he is required to bear, and the same are instead paid by the Maha-Metro, then Maha-Metro shall be entitled, to be reimbursed for such amounts by the Licensee along with interest at a rate of SBI base rate plus 318% or 15% (Eighteen percent) per annum, whichever is higher. In addition, the Licensee shall pay as damages to the Maha-Maha- Metro 25% (Twenty Five Percent) of the sum total of amount paid by Maha-Metro and interest payable to Maha-Metro.