Common use of General Excise Tax Clause in Contracts

General Excise Tax. Licensee will pay to Licensor as an additional license fee, at the time and together with each payment of its license fee, or other charge required hereunder to be made by Licensee to Licensor which is subject to the Hawaii general excise tax on gross income or any successor or similar tax, an amount which, when added to the license fee, or other charge (whether actually or constructively received by Licensor), shall yield to Licensor after deduction of all such taxes payable by Licensor with respect thereto, a net amount equal to that which Licensor would have realized therefrom had no such tax been imposed.