Taxation and Expenses Sample Clauses
The 'Taxation and Expenses' clause defines how taxes and costs related to the agreement will be handled between the parties. Typically, it specifies which party is responsible for paying applicable taxes, such as sales tax, VAT, or income tax, and outlines who bears other expenses incurred during the performance of the contract, like travel or materials. This clause ensures there is no ambiguity regarding financial obligations, helping to prevent disputes over unexpected costs and clarifying each party’s responsibilities.
Taxation and Expenses. Each Party shall bear any and all taxation, cost and expenses that occur to such Party for the transfer and registration for the Target Equity and for the preparation and execution of this Agreement and any Transfer Agreement and the performance and completion of the transactions contemplated under this Agreement and any Transfer Agreement.
Taxation and Expenses. 16.1 Unless as otherwise agreed in this Agreement, any taxes and expenses incurred in relation to the negotiation, execution or performance of this Agreement (including, but not limited to, legal fees, accounting fees and other consultant fees and any taxes or other relevant fees that shall be paid by HoldCo, either Party or its shareholders in accordance with applicable law) shall be borne by HoldCo, ASE, SPIL and/or their shareholders, respectively.
Taxation and Expenses. Each Party shall bear any and all taxation, cost and expenses that occur to such Party under the PRC laws for the transfer and registration for the Target Equity and for the preparation and execution of this Agreement and any Transfer Agreement and the performance and completion of the transactions contemplated under this Agreement and any Transfer Agreement.
Taxation and Expenses. 17.1 Taking Article 17.2 as the premise, and unless otherwise specified by this Agreement (or any other transaction documents), each party shall be legally responsible for its costs, fees and other expenses generated by the transaction.
17.2 Each party shall, in accordance with laws, regulations and relevant national rules or decisions, assume and pay all taxes generated by this Agreement or any other transaction documents as well as all fees charged by government departments, regulatory bodies and stock exchanges.
17.3 For the purpose of this transaction, unless otherwise provided by laws and regulations and/or agreed by the parties hereto, all costs associated with the transfer of target assets shall be reasonably arranged by the parties through consultation.
Taxation and Expenses. 7.1 The Parties agree that all taxes incurred by each Party hereto due to the execution and performance of this Agreement shall be borne by such Party according to the relevant provisions of the PRC laws and regulations.
7.2 Each Party shall pay their respective expenses related to this Agreement.
Taxation and Expenses. Pursuant to Chinese laws, each party should undertake any or all taxation and expenses for transfer and register incurred or levied in the course of preparing and signing the agreement and other transfer contracts, and fulfilling transactions contemplated in the agreement and other transfer contracts.
Taxation and Expenses. 6.1 The Borrower shall pay all taxes, fees, brokers' fees, customs duties, stamp duties, and any other tax or expense of any other nature that the preparation, entering into and fulfillment of this Contract may entail. At the same time, and provided always that a final judgment exists, it shall repay to the Bank all the expenses, including the fees and expenses of lawyers and procuradores, which the Bank may incur in defending or enforcing its rights hereunder due to any breach of contract by the Borrower.
6.2 All amounts that the Borrower must pay to the Bank by virtue of this Contract must be paid in full without any deduction or retention at all. If for any reason the Borrower is obliged to make a deduction or retention, except in the event that such obligation was imposed by law on the Bank as recipient, it shall do so. However, it shall pay to the Bank those additional amounts that are necessary to ensure that the Bank receives a net amount equal to that which it would have received if such a deduction did not have to be made except where such an obligation is imposed on the bank as recipient by law or by an act of a competent administrative authority.
Taxation and Expenses. 7.1. Each of the Parties will bear all tax payments and other mandatory payments applicable to it in connection with this Agreement by virtue of the provisions of any law, and all its other expenses in connection with entering into the Agreement, the negotiations for its conclusion and everything related or ancillary thereto, including attorney's fees, accountants, intermediaries, brokers and other advisors. The costs of the Letter of Instructions to the Trustee will be divided between the Parties equally.
7.2. From any payment to be paid to the Sellers for the Shares Being Sold, the Purchaser will withhold tax at source at the rate required by law, unless it has been provided with a certificate regarding a different rate of withholding tax at source or exemption from such withholding before making the relevant payment. Any amount withheld as aforesaid will be considered, for all intents and purposes, as an amount paid to the Sellers as part of the Consideration for the Shares Being Sold. If the Purchaser withholds tax at source as aforesaid, it will deliver to the Sellers a certificate regarding the withholding of tax at source as aforesaid.
Taxation and Expenses. Apart from any taxes, allowances, commissions, refunds, and expenses specifically referred to elsewhere in this Agreement, no commission, allowances, taxes or proportion of any expense shall be paid by the Reinsurer to the Company in respect of any cession.
Taxation and Expenses. 5.1 Each party shall bear its own cost pursuant to the laws of Hong Kong in connection with the preparation and execution of this Agreement and the performance of the transaction under this Agreement, including but not limit to any and all transfer and registration taxes, expenses and costs incurred.