TAX ON PAYMENTS. 7.1 If the sum paid to the Buyer under this Agreement is brought into charge to Tax (including where any Relief is available in respect of such charge to Tax), the Sellers and Optionholders shall pay such additional amount as will ensure that the total amount paid, less the Tax chargeable on such amount (or that would have been charged but for such Relief), is equal to the amount it would otherwise have been payable, provided that there shall be no double counting where the measure of damages already takes into account such Tax upon receipt of the payment.
TAX ON PAYMENTS. If, pursuant to any Legislative Requirement, the Principal is required to make a deduction or withholding in respect of Tax from any payment to be made to the Contractor under the Contract, then:
TAX ON PAYMENTS. The Parties shall treat any indemnification payment hereunder or under the Tax Deed as an adjustment to purchase price (meaning the sum of Initial Stock Value and Earn Out Value).
TAX ON PAYMENTS. If any sum payable by the Warrantors to the Buyer under this schedule is (or but for the availability of any Accounts Relief or Post Completion Relief would be) subject to a Tax Liability in the hands of the Buyer, the Warrantors shall pay to the Buyer such sum as is necessary to ensure that the amount received by the Buyer is not less than the amount it would have received had the payment not been subject to Tax.
TAX ON PAYMENTS. Any and all amounts to be paid under this Article XIV shall be paid net of Taxes of all kinds, except as required by applicable Law. If any deduction or retention of Tax is required by Law, or if the Indemnitee is subject to additional taxation as a result of the payment, the Indemnitor shall gross up the amount of indemnification to be paid so as to ensure that the net amount received and retained by the Indemnitee (after taking into account all deductions, Taxes on gross revenues, retentions, and additional taxation related to receipt of the payment or to the right to receive the payment) is equal to the amount that it would have received and retained if the payment had not been subject to any deductions, retentions, or additional taxation. The Parties agree that any payments owed under this Article XIV will be made in such a way as to attract the smallest Tax burden legally possible, if necessary on the basis of a well-known and respected tax attorney, chosen by agreement between the Parties.
TAX ON PAYMENTS. 5.1 If any sum payable by the Vendors to the Purchaser under this Schedule (including any sum payable under this paragraph 6) is (or but for the availability of any Relief would be) subject to a Tax Liability in the hands of the Purchaser the Vendors shall pay to the Purchaser the sum which would have been required to be paid under paragraph 5.2 had that Tax Liability been a deduction or withholding from the sum payable by the Vendors. EXECUTION PAGE EXECVUTED as a DEED by The Vendors Nxxx Xxxxxxx In the presence of: Jxxxx Xxxx In the presence of: Nxxx Xxxxxxx In the presence of: Jxxx Xxxxxxx In the presence of: EXECUTED as a DEED by TRICELL INC ACTING BY:
TAX ON PAYMENTS. If payment is due to the Director under this agreement (Payment) and its receipt or derivation gives rise to a liability for tax (including income or goods and services tax) on or payable by the Director, the Company must increase the Payment by the amount necessary to ensure that, after payment of the tax, the balance remaining to the Director is equal to the amount of the Payment.
TAX ON PAYMENTS. 8.1 If any sum payable by the Warrantors to the Buyer under this Schedule (including without limitation any sum payable under this paragraph 8) is (or but for the availability of any Relief would be) subject to a Tax Liability in the hands of the Buyer, the Warrantors shall pay to the Buyer such sum as would have been required to be paid under paragraph 7.2 had that Tax Liability been a deduction or withholding from the sum payable by the Warrantors.
TAX ON PAYMENTS. If any sum payable by the Seller to the Buyer under this Tax Covenant (including any sum payable under this paragraph 7) is (or but for the availability of any Accounts Relief or New Relief would be) subject to a Tax Liability in the hands of the Buyer (in any case in which the benefit of paragraph 3 of H M Revenue and Customs Extra Statutory Concession D33 or any replacement of it has no application) the Seller shall pay to the Buyer such sum as would have been required to be paid under paragraph 6.2 had that Tax Liability been a deduction or withholding from the sum payable by the Seller.
TAX ON PAYMENTS. If a Tax is imposed on any amount paid by the Sellers (or any of the Indirect Sellers) to the Buyer under this Agreement, then the amount so payable shall be free and clear of all deductions or withholdings whatsoever, save only as may be required by applicable Law and shall be grossed up by such amount as will ensure that after payment of such Tax there shall be left a sum equal to the initial amount which would otherwise be payable under this Agreement.
