Common use of Taxes Withheld Clause in Contracts

Taxes Withheld. Any income or other tax that Senomyx or any of its Affiliates, Licensees or Licensees is required by a government agency to withhold and pay on behalf of Aurora with respect to the royalties payable under this Agreement shall be deducted from and offset against such royalties prior to remittance to Aurora; provided, however, that in regard to any tax so deducted, Senomyx shall give or cause to be given to Aurora such assistance as may reasonably be necessary to enable Aurora to claim exemption therefrom or credit therefor, and in each case shall promptly furnish to Aurora proper evidence of the taxes paid on Aurora's behalf.

Appears in 2 contracts

Samples: Collaborative Research and License Agreement (Senomyx Inc), And License Agreement (Senomyx Inc)

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Taxes Withheld. Any income or other tax that Senomyx P&U or any of its Affiliates, Licensees or Licensees Licensors is required by a government agency to withhold and pay on behalf of Aurora with respect to the royalties payable under this Agreement shall be deducted from and offset against such said royalties prior to remittance to Aurora; provided, however, that in regard to any tax so deducted, Senomyx P&U shall give or cause to be given to Aurora such assistance as may reasonably be necessary to enable Aurora to claim exemption therefrom or credit therefor, and in each case shall promptly furnish to Aurora proper evidence of the taxes paid on Aurora's behalf.

Appears in 1 contract

Samples: Collaborative Research and License Agreement (Aurora Biosciences Corp)

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Taxes Withheld. Any income or other tax that Senomyx or any of its Affiliates, Licensees or Licensees is required by a government agency to withhold and pay on behalf of Aurora with respect to the royalties payable under this Agreement shall be deducted from and offset against such royalties prior to remittance to Aurora; providedPROVIDED, howeverHOWEVER, that in regard to any tax so deducted, Senomyx shall give or cause to be given to Aurora such assistance as may reasonably be necessary to enable Aurora to claim exemption therefrom or credit therefor, and in each case shall promptly furnish to Aurora proper evidence of the taxes paid on Aurora's behalf.

Appears in 1 contract

Samples: License Agreement (Senomyx Inc)

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