Common use of TAXES AND OTHER COMPULSORY PAYMENTS Clause in Contracts

TAXES AND OTHER COMPULSORY PAYMENTS. 6.1 The Value Added Tax will be paid by the BUYER to AMPAL as part of the Consideration. As AMPAL is a "MOSAX XXXXX" ("Financial Institution"), AMPAL will pay the V.A.T. to the V.A.T. authorities and will file a Teudat Iskat Akrai in accordance with Section 15A of the Value Added Tax (Registration) Regulations (1976-5736), and will provide the BUYER with said Teudat Iskat Akrai immediately after its filing as aforesaid.

TAXES AND OTHER COMPULSORY PAYMENTS. 6.1 The Value Added Tax will be paid by the BUYER to AMPAL as part of the Consideration. As AMPAL is a "MOSAX XXXXXXxxxx Xxxxx" ("Financial Institution"), AMPAL will pay the V.A.T. to the V.A.T. authorities and will file a Teudat Iskat Akrai in accordance with Section 15A Section15A of the Value Added Tax (Registration) Regulations (1976-5736), and will provide the BUYER with said Teudat Iskat Akrai immediately after its filing as aforesaid.

TAXES AND OTHER COMPULSORY PAYMENTS. 6.1 The Value Added Tax will be paid by the BUYER to AMPAL as part of the Consideration. As AMPAL is a "MOSAX XXXXXMosax Xxxxx" ("Financial Institution"), AMPAL will pay the V.A.T. to the V.A.T. authorities and will file a Teudat Iskat Akrai in accordance with Section 15A of the Value Added Tax (Registration) Regulations (1976-5736), and will provide the BUYER with said Teudat Iskat Akrai immediately after its filing as aforesaid.

TAXES AND OTHER COMPULSORY PAYMENTS. 6.1 The Value Added Tax will be paid by the BUYER to AMPAL as part of the Consideration. As AMPAL is a "MOSAX XXXXX XXXXX" ("Financial Institution"), AMPAL will pay the V.A.T. to the V.A.T. authorities and will file a Teudat Iskat Akrai in accordance with Section 15A Section15A of the Value Added Tax (Registration) Regulations (1976-5736), and will provide the BUYER with said Teudat Iskat Akrai immediately after its filing as aforesaid.