Common use of Procedure for Payment of Taxes Clause in Contracts

Procedure for Payment of Taxes. 10.4.1 Where either Buyer or Seller becomes aware of a potential or actual liability to make any payment of Taxes which might give rise to a claim under this Clause 10, it shall give notice of the circumstances to the other Party as soon as reasonably practicable, in order to allow both Parties a reasonable opportunity to seek to minimise their liability for such Taxes, acting always in compliance with the laws of the relevant country. Each Party shall give the other Party such assistance as is reasonable in the circumstances in this regard, and Buyer or Seller (as appropriate) shall not make any payment of such Taxes until the date on which such Taxes are due and payable in accordance with the relevant tax regulations unless an early payment could result in a reduction of the liability for such Taxes. To allow the Parties to make payments to each other without neglecting compliance with any Taxes levied, if requested by one Party, the Parties will diligently complete, execute and arrange for any required certification and/or document in a manner reasonably satisfactory to the other Party, and will deliver to the other Party and/or to any government or taxing authority as the other Party reasonably directs, copies of any such documentation.

Procedure for Payment of Taxes. 10.4.1 Where either Buyer or Seller becomes aware of a potential or actual liability to make any payment of Taxes which might give rise to a claim under this Clause 10, it shall give notice of the circumstances to the other Party as soon as reasonably practicable, in order to allow both Parties a reasonable opportunity to seek to minimise their liability for such Taxes, acting always in compliance with the laws of the relevant country. Each Party shall give the other Party such assistance as is reasonable in the circumstances in this regard, and Buyer or Seller (as appropriate) shall not make any payment of such Taxes until the date on which such Taxes are due and payable in accordance with the relevant tax regulations unless an early payment could result in a reduction of the liability for such Taxes. To allow the Parties to make payments to each other without neglecting compliance with any Taxes levied, if requested by one Party, the Parties will diligently complete, execute and arrange for any required certification and/or document in a manner reasonably satisfactory to the other Party, and will deliver to the other Party and/or to any government or taxing authority as the other Party reasonably directs, copies of any such documentation.. INVOICING AND PAYMENT

Procedure for Payment of Taxes. 10.4.1 Where Whenever either Buyer or Seller becomes Group become aware of a potential or actual liability to make any payment of Taxes which might give rise to a claim under this Clause 1013, it they shall give notice of the circumstances to the other Party as soon as reasonably practicable, in order to allow both Parties a reasonable opportunity to seek to minimise their liability for such Taxes, acting always in compliance with the laws of the relevant countryapplicable Laws. Each Party shall give the other Party such assistance as is reasonable in the circumstances in this regard, and Buyer or Seller Group (as appropriate) shall not make any payment of such Taxes until the due date on which such Taxes are due and payable in accordance with the relevant tax regulations unless an early payment could result in a reduction of the liability for to such Taxes. To In order to allow the Parties to make payments to each other of Taxes in full and without neglecting compliance with any Taxes tax, royalty, duty or other impost levied, each Party agrees that if requested by one the other Party, the Parties it will diligently complete, execute and arrange for any required certification and/or document in a manner reasonably satisfactory to the other Party, and will deliver to the other Party and/or to any government or taxing authority Competent Authority as the other Party reasonably directs, copies of any such documentation.document. EXECUTION VERSION