Common use of HST Clause in Contracts

HST. The Vendor shall on completion collect, any Harmonized Sales Tax (“HST”) exigible on the Purchase Price and shall forthwith remit such HST in accordance with applicable legislation, unless the Purchaser provides to the Vendor evidence (satisfactory to the Vendor), that the Purchaser: is an HST registrant: shall self-assess and remit all HST payable in connection with the transfer of the Property; and, shall indemnify and save harmless the Vendor from and against any and all HST penalties, costs and/or interest which may become payable by or assessed against the Vendor as a result of any inaccuracy, misstatement or misrepresentation made by the Purchaser in connection with this Agreement.

HST. The Vendor shall on completion collect, any If this transaction is subject to Harmonized Sales Tax (“HST”) ), then such tax shall be included in OR in addition to the Purchase Price. The Vendor shall on completion collect any HST exigible on the Purchase Price and shall forthwith remit such HST in accordance with applicable application legislation, unless the Purchaser provides to the Vendor evidence (satisfactory to the Vendor), a warranty that the Purchaser: is an HST registrant: ; shall self-assess and remit all HST payable in connection with the transfer of the Property; and, and shall indemnify and save harmless the Vendor from and against any and all HST penalties, costs cots, and/or interest which may become payable by or assessed against the Vendor as a result of any inaccuracy, misstatement or misrepresentation made by the Purchaser in connection with this Agreement.