Adjustment Event. If there is an Adjustment Event in relation to a supply that results in the amount of GST on a supply being different from the amount in respect of GST recovered by the Supplier, the Supplier: (a) may recover from the recipient the amount by which the amount of GST on the supply exceeds the amount recovered; and (b) must refund to the recipient the amount by which the amount recovered exceeds the amount of GST on the supply.
Appears in 5 contracts
Sources: Purchase Agreement, Supply of Services Agreement, Supply of Goods Agreement
Adjustment Event. If there is an Adjustment Event in relation to a supply that results in the amount of GST on a supply being different from the amount in respect of GST recovered by the Supplier, the Supplier:
(a) may recover from the recipient the amount by which the amount of GST on the supply exceeds the amount recovered; and
(b) must refund to the recipient the amount by which the amount recovered exceeds the amount of GST on the supply.
Appears in 2 contracts
Sources: Supply Agreement, Supply Agreement