Stamp Duty Amount definition
Examples of Stamp Duty Amount in a sentence
If the Estimated Vendor Stamp Duty Amount is higher than the Adjudged Vendor Stamp Duty Amount, the Buyer shall forthwith return to the Vendor the cheque referred to in Clause 4.2(a)(iv) and the Vendor shall provide to the Buyer a cheque in favour of “The Government of the Hong Kong Special Administrative Region” equal to the Adjudged Vendor Stamp Duty Amount immediately on demand by the Buyer.
If the Estimated Vendor Stamp Duty Amount is higher than the Adjudged Vendor Stamp Duty Amount, the Buyer shall forthwith return to the Vendor the cheque referred to in Clause 4.2(a)(iv), and the Vendor shall provide to the Buyer a cheque in favour of “The Government of the Hong Kong Special Administrative Region” equal to the Adjudged Vendor Stamp Duty Amount immediately on demand by the Buyer.
Any payment required by this Agreement shall be made in full without any counterclaim, set-off, deduction or withholding, save for: (i) any deduction or withholding required by applicable law; (ii) the Additional Stamp Duty Amount which shall be deducted from the payment of the Initial Consideration; and (iii) any set off in accordance with paragraph 2(b) of Part 4 of Schedule 7 (Completion Accounts)).
The Company acknowledges that the Tender Offer may lapse in accordance with its terms if Davy reasonably determines that the conditions contained in paragraph 2.1 of Part IV of the Tender Offer have not been satisfied, including where the Maximum Relevant Stamp Duty Amount and/or the Exchange Rate Risk Movement Amount has not been received by the Cut Off Time (and that Davy does not intend to exercise any right of waiver in those circumstances).
If the Estimated Seller Stamp Duty Amount is higher than the Adjudged Seller Stamp Duty Amount, the Buyer shall forthwith return to the Seller the cheque referred to in Clause 5.2(a)(vi) and the Seller shall provide to the Buyer a cheque in favour of the Buyer or such entity as may be notified by the Buyer to the Seller equal to the Adjudged Seller Stamp Duty Amount immediately on demand by the Buyer.
On Closing, the Purchaser shall pay to the Seller the Equity Amount plus the Stamp Duty Amount (collectively, the “Closing Amount”).