Common use of APPLICABLE TAX Clause in Contracts

APPLICABLE TAX. All amounts referred to in this Agreement are exclusive of any taxes ("Applicable Tax"). In the case of any Applicable Tax, if the cost of such Applicable Tax is charged or passed on by the Seller to the Buyer, the Buyer shall pay this amount of such Applicable Tax to the Seller, provided that such amount of such Applicable Tax is identified separately on the invoice issued by the Seller and confirmation is received by the Buyer, where applicable, that such amount of Applicable Tax has been duly paid or accounted for to the Competent Authority for taxation, as appropriate.