Value Added Taxes. (a) Any amount (including costs and expenses) payable under a Finance Document by an Obligor is exclusive of any value added tax which might be chargeable in connection with that amount. If any such value added tax is chargeable, the Obligor must pay to the Finance Party (in addition to and at the same time as paying that amount) an amount equal to the amount of that value added tax. (b) The obligation of any Obligor under paragraph (a) above will be reduced to the extent that the Finance Party is entitled to repayment or a credit in respect of the relevant Tax.
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Samples: Partnership Agreement (Centex Development Co Lp), Supplemental Agreement (Centex Development Co Lp), Credit Agreement (Centex Corp)
Value Added Taxes. (a) Any amount (including costs and expenses) payable under a Finance Document by an Obligor is exclusive of any Tax (including value added tax tax) which might be chargeable in connection with that amount. If any such value added tax Tax is chargeable, the Obligor must pay to the Finance Party (in addition to and at the same time as paying that amount) an amount equal to the amount of that value added taxTax.
(b) The obligation of any Obligor under paragraph (a) above will be reduced to the extent that the Finance Party is entitled to repayment or a credit in respect of the relevant Tax.
Appears in 2 contracts
Samples: Supplemental Agreement (Enodis PLC), Credit Facility Agreement (Enodis PLC)
Value Added Taxes. (a) Any amount (including costs and expenses) payable under a Finance Document by an Obligor is exclusive of any value added tax or any other Tax of a similar nature which might be chargeable in connection with that amount. If any such value added tax Tax is chargeablechargeable and required to be collected by a Finance Party, the Obligor must pay to the relevant Finance Party (in addition to and at the same time as paying that amount) an amount equal to the amount of that value added tax.
(b) The obligation of any Obligor under paragraph (a) above will be reduced to the extent that the Finance Party is entitled to repayment or a credit in respect of the relevant Tax.
Appears in 2 contracts
Samples: Revolving Credit Facility (Quintana Maritime LTD), Credit Facility Agreement (Quintana Maritime LTD)
Value Added Taxes. (a) Any amount (including costs and expenses) payable under a Finance Document by an Obligor the Company is exclusive of any value added tax or any other Tax of a similar nature which might be chargeable in connection with that amount. If any such value added tax Tax is chargeable, the Obligor Company must pay to the Finance Party (in addition to and at the same time as paying that amount) an amount equal to the amount of that value added taxTax.
(b) The obligation of any Obligor the Company under paragraph (a) above will be reduced to the extent that the Finance Party is determines (acting reasonably) that they are entitled to repayment or a credit in respect of the relevant Tax.
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