Examples of UK Purchaser in a sentence
The UK Purchaser is a private limited company incorporated under the laws of England and Wales.
If HMRC, at any time, determines in writing that VAT is payable on the sale of all or some of the Assets of the UK Company, the relevant Company shall promptly deliver to the UK Purchaser a copy of that written determination and a valid VAT invoice in respect of the VAT payable and the UK Purchaser shall within ten days of the receipt of such determination and VAT invoice pay to the relevant Company a sum equal to the amount of VAT determined by HMRC to be chargeable.
The UK Purchaser is duly qualified or registered as a foreign entity to transact business under the laws of each jurisdiction wherein the UK Company is qualified or registered as a foreign entity to transact business, and also in each jurisdiction where the character of such Purchaser’s activities or location of the properties owned or leased by it require such qualification or registration.
The Companies and the UK Purchaser do not intend to make a joint application to HMRC for the UK Purchaser to be registered for VAT under the VAT registration number of the UK Company, under regulation 6(1)(d) of the VAT Regulations 1995.
For purposes hereof, except as otherwise agreed by the Parties, the Assets of the US Company will be sold to the US Purchaser and the Assets of the UK Company will be sold to the UK Purchaser.