Common use of Withholding by COMPANY Clause in Contracts

Withholding by COMPANY. a) All payments by COMPANY hereunder shall be made [ ** ] required to be withheld on amounts payable under this Agreement shall promptly be paid by [ ** ]. b) Selexis shall use its reasonable best efforts to claim any Swiss tax credits that may be used to offset all or a portion of a payment that the Company may owe under this Section 6.3(a). The Parties shall do all such lawful acts and things and sign all such lawful deeds and documents as either Party may reasonably request from the other Party to enable Selexis and COMPANY or its Affiliates or sublicensees to take advantage of any applicable legal provision or any double taxation treaties with the object of Selexis’ enjoyment of full tax credit for amounts deducted or withheld by COMPANY pursuant to paragraph (a). In the event that Selexis is not able to fully enjoy the tax credit in its jurisdiction for amounts so deducted or withheld even after Selexis completed the necessary procedures under any applicable legal provision or any double taxation treaties, [ ** ] shall pay the differences between [ ** ].

Appears in 4 contracts

Samples: Services Agreement (Neogenix Oncology Inc), Services Agreement (Neogenix Oncology Inc), Services Agreement (Neogenix Oncology Inc)

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