Recoverable Tax definition

Recoverable Tax means HST incurred by Project Co in respect of the supply of any good or service to Contracting Authority which is consumed, used or supplied, or to be consumed, used or supplied, exclusively by Project Co in the course of carrying out the Works to the extent that Project Co is able to recover or be credited with input tax credits, refunds, rebates or exemptions for such HST.

Recoverable Tax means all sales, use, retail sales, excise, goods and services, harmonized sales, value-added, transfer, recording, privilege, documentary, registration, conveyance, real estate transfer, excise, license, stamp, or similar Taxes that are recoverable by either Party (or any member of its Group) under applicable law governing the payment of such Taxes, including, but not limited to, the Canadian Federal Foods and Services Tax imposed pursuant to Part IX of the Excise Tax Act (Canada), the Harmonized Sales Tax imposed pursuant to Part IX of the Excise Tax Act (Canada), and the Quebec Sales Tax imposed pursuant to the Act respecting the Quebec sales tax (Quebec), and other similar recoverable Taxes in other jurisdictions.

Recoverable Tax means tax payable under the laws of Papua New Guinea relating to taxes on income, but does not include —

Examples of Recoverable Tax in a sentence

• Project Co will pay to Contracting Authority from time to time, as the same is incurred by Project Co, amounts equal to any Recoverable Tax to the extent such Recoverable Tax results from a Change in Law.

• Project Co will pay to HMQ from time to time, as the same is incurred by Project Co, amounts equal to any Recoverable Tax to the extent such Recoverable Tax results from a Change in Law.

• Project Co will pay to the College from time to time, as the same is incurred by Project Co, amounts equal to any Recoverable Tax to the extent such Recoverable Tax results from a Change in Law.

• Design Builder shall pay to the City from time to time, as the same is incurred by Design Builder, amounts equal to any Recoverable Tax to the extent such Recoverable Tax results from the coming into effect or repeal (without re- enactment or consolidation) in Manitoba of any Applicable Law, or any amendment or variation of any Applicable Law, including any judgment of a relevant court of law which changes binding precedent in Manitoba, in each case after the date of the Design Build Agreement.

• Project Co will pay to the Ministry from time to time, as the same is incurred by Project Co, amounts equal to any Recoverable Tax to the extent such Recoverable Tax results from a Change in Law.

More Definitions of Recoverable Tax

Recoverable Tax has the meaning given in Section 33.6(c) of the Project Agreement.

Recoverable Tax means GST incurred by Project Co in respect of the supply of any good or service to the Authority which is consumed, used or supplied, or to be consumed, used or supplied, exclusively by Project Co in the course of carrying out the Design or Construction or performing the Services to the extent that Project Co is able to recover or be credited with input tax credits, refunds, rebates or exemptions for such GST that Project Co would not have recovered or been credited with prior to the applicable Change in Law;

Recoverable Tax has the meaning as set out in Section H12.3 of the Design Build Agreement;

Recoverable Tax means HST incurred by Project Co in respect of the supply of any good or service to the City which is consumed, used or supplied, or to be consumed, used or supplied, exclusively by Amended and Restated Project Agreement Ottawa Light Rail Transit Project REDACTED Execution Version CONFIDENTIAL AND PROPRIETARY Page 142 CAN: 26350049.2 BD-#30398459-v2 Project Co in the course of carrying out the Works or Highway Work or otherwise performing the activities within the Project Scope to the extent that Project Co is able to recover or be credited with input tax credits, refunds, rebates or exemptions for such HST.

Recoverable Tax has the meaning given in Section 36.5(c);

Recoverable Tax means tax payable under any law of Australia or a State or Territory of Australia relating to taxes on income, but does not include–

Recoverable Tax means GST or RST incurred by Design Builder in respect of the supply of any good or service to the City which is consumed, used or supplied, or to be consumed, used or supplied, exclusively by Design Builder in the course of carrying out Works to the extent that Design Builder is able to recover or be credited with input tax credits, refunds, rebates or exemptions for such GST or RST.