Common use of Recovery of GST Clause in Contracts

Recovery of GST. If GST is payable, or notionally payable, on a supply made under or in connection with this Agreement, the party providing the consideration for that supply must pay as additional consideration an amount equal to the amount of GST payable, or notionally payable, on that supply (the “GST Amount”). Subject to the prior receipt of a tax invoice, the GST Amount is payable at the same time that the other consideration, or the first part of the other consideration for the supply (as the case may be) is payable or is to be provided. This clause does not apply to the extent that the consideration for the supply is expressly stated to be GST inclusive or the supply is subject to reverse charge.

Appears in 1 contract

Samples: Stock and Asset Purchase Agreement (Campbell Soup Co)

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Recovery of GST. (a) If GST is payable, or notionally payable, payable on a supply made under under, by reference to or in connection with this AgreementContract, the party providing the consideration for that supply must pay the GST Amount as additional consideration an amount equal to the amount of GST payable, or notionally payable, on for that supply supply. (the “GST Amount”). Subject to the prior receipt of a tax invoice, the GST Amount is payable at the same time that the other consideration, or the first part of the other consideration for the supply (as the case may beb) is payable or is to be provided. This clause Special Condition does not apply to the extent that the consideration for the supply is expressly stated to be GST inclusive or the supply is subject to reverse charge.

Appears in 1 contract

Samples: Contract of Sale of Real Estate

Recovery of GST. If GST is payable, or notionally payable, becomes payable on a any supply made under or in connection with this Agreement, Agreement the party providing required to provide the consideration for that the supply (which in this transaction would be the Purchaser) must pay pay, in addition to and at the same time as additional the consideration is provided, an amount equal to the amount of GST payable, or notionally payable, on that supply (the “GST Amount”). Subject to the prior receipt of a tax invoice, the GST Amount is payable at the same time that the other consideration, or the first part of the other consideration for the supply (as the case may be) is payable or is to be provided. This clause does not apply to the extent that the consideration for the supply is expressly stated to be GST inclusive or the supply is subject to reverse chargesupply.

Appears in 1 contract

Samples: Share Sale and Purchase Agreement (Anvia Holdings Corp)

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Recovery of GST. If GST is payable, or notionally payable, becomes payable on a any supply made under or in connection with this AgreementAgreement (not being a supply for which the consideration is expressly stated in this Agreement to be inclusive of GST), the party providing required to provide the consideration for that the supply must pay pay, in addition to and at the same time as additional the consideration is provided, an amount equal to the amount of GST payable, or notionally payable, on that supply (the “GST Amount”). Subject to the prior receipt of a tax invoice, the GST Amount is payable at the same time that the other consideration, or the first part of the other consideration for the supply (as the case may be) is payable or is to be provided. This clause does not apply to the extent that the consideration for the supply is expressly stated to be GST inclusive or the supply is subject to reverse chargesupply.

Appears in 1 contract

Samples: Customer Agreement

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