Common use of General provisions applicable to payments Clause in Contracts

General provisions applicable to payments. Emisphere shall be responsible for and shall bear any taxes levied upon payments received by Emisphere and Emisphere hereby authorizes Novo Nordisk to withhold such taxes from the payments which are payable to Emisphere in accordance with this Agreement if Novo Nordisk is either required to do so under applicable law or directed to do so by a governmental authority. Upon Emisphere’s written request, Novo Nordisk shall, with respect to the laws of Denmark, reasonably support Emisphere in its legal efforts to minimize any such withholding taxes and provide Emisphere with information about and necessary for any documentation needed to reduce withholding to a legal minimum.

Appears in 4 contracts

Samples: Development and License Agreement (Emisphere Technologies Inc), Development and License Agreement (Emisphere Technologies Inc), Development and License Agreement

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