Common use of VAT Records Clause in Contracts

VAT Records. 1.1 The Seller, the Share Seller or any Business Seller may, on or before the Closing Date, obtain a direction from the relevant Tax Authority for the retention and preservation by it of any VAT records relating to its period of ownership of the Business or the Share (as the case may be) and, where any such direction is obtained, the Seller undertakes to, or to procure that the relevant Business Seller or the Share Seller (as the case may be) will:

Appears in 3 contracts

Samples: Sale and Purchase Agreement (Glaxosmithkline PLC), Sale and Purchase Agreement (Novartis Ag), Sale and Purchase Agreement (Novartis Ag)

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VAT Records. 1.1 The Seller, the Share Seller or any Business Each Seller may, on or before the Closing Datedate of Closing, obtain a direction from the relevant Tax Authority for the retention and preservation by it of any VAT records relating to its period of ownership of the Business or relevant part of the Share (as the case may be) Target Group and, where any such direction is obtained, the that Seller undertakes to, or to procure that the relevant Business Seller or the Share Seller (as the case may be) willshall:

Appears in 2 contracts

Samples: Contribution Agreement (Glaxosmithkline PLC), Contribution Agreement (Novartis Ag)

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