Common use of Indirect Taxes Clause in Contracts

Indirect Taxes. Royalties and other sums payable under this Agreement are exclusive of value added taxes, sales taxes, consumption taxes and other similar taxes (the “Indirect Taxes”). If any Indirect Taxes are chargeable in respect of any payments, the paying Party shall pay such Indirect Taxes at the applicable rate in respect of such payments following receipt, where applicable, of an Indirect Taxes invoice in the appropriate form issued by the receiving Party in respect of those payments. The Parties shall issue invoices for all amounts payable under this Agreement consistent with Indirect Tax requirements and irrespective of whether the sums may be netted for settlement purposes. If the Indirect Taxes originally paid or otherwise borne by the paying Party are in whole or in part subsequently determined not to have been chargeable, all reasonably necessary steps will be taken by the receiving Party to receive a refund of these undue Indirect Taxes from the applicable governmental authority or other fiscal authority and any amount of undue Indirect Taxes repaid by such authority to the receiving Party will be transferred to the paying Party within [***] of receipt.

Appears in 1 contract

Sources: Collaboration and License Agreement (Poseida Therapeutics, Inc.)

Indirect Taxes. Royalties and other sums payable under this Agreement All payments are exclusive of value added taxes, sales taxes, consumption taxes and other similar taxes (the “Indirect Taxes”). If any Indirect Taxes are chargeable in respect of any payments, the paying Party shall pay such Indirect Taxes at the applicable rate in respect of such payments following receipt, where applicable, of an Indirect Taxes invoice in the appropriate form issued by the receiving Party in respect of those payments. The Parties shall issue invoices for all amounts payable under this Agreement consistent with Indirect Tax requirements and irrespective of whether the sums may be netted for settlement purposes. If the Indirect Taxes originally paid or otherwise borne by the paying Party are in whole or in part subsequently determined to be refundable to the receiving Party (including by reason of not to have having been chargeableproperly chargeable in the first instance), all reasonably necessary steps requested by the paying Party will be taken by the receiving Party to receive a refund of these undue such Indirect Taxes from the applicable governmental authority Governmental Authority or other fiscal authority and any amount of undue such Indirect Taxes repaid or refunded by such authority to the receiving Party (net of any amounts incurred with respect to the receipt of such amounts) will be transferred to the paying Party within [***] sixty (60) days of receipt. “Indirect Taxes” means any value added, sales, purchase, turnover or consumption tax as may be applicable in any relevant jurisdiction.

Appears in 1 contract

Sources: Co Development Agreement (Cullinan Oncology, Inc.)

Indirect Taxes. Royalties and other sums payable All payments under this Agreement are exclusive of value added taxes, sales taxes, consumption taxes and other similar taxes (the “exclude any Indirect Taxes”). If any Indirect Taxes are chargeable in respect of any payments, the paying Party shall pay such Indirect Taxes at the applicable rate in respect of such payments following receipt, where applicable, of an Indirect Taxes invoice in the appropriate form issued by the receiving Party in respect of those payments. The Parties shall issue invoices for all amounts payable under this Agreement consistent with Indirect Tax requirements and irrespective of whether the sums may be netted for settlement purposes. If the Indirect Taxes originally paid or otherwise borne by the paying Party are in whole or in part subsequently determined to be refundable to the receiving Party (including by reason of not to have having been chargeableproperly chargeable in the first instance), all reasonably necessary steps requested by the paying Party will be taken by the receiving Party to receive a refund of these undue such Indirect Taxes from the applicable governmental authority or other fiscal authority Governmental Authority and any amount of undue such Indirect Taxes repaid or refunded by such authority Governmental Authority to the receiving Party (net of any amounts incurred with respect to the receipt of such amounts) will be transferred to the paying Party within [***] days of receipt. “Indirect Taxes” means any value added, sales, purchase, turnover, or similar tax as may be applicable in any relevant jurisdiction.

Appears in 1 contract

Sources: License Agreement (Arcutis Biotherapeutics, Inc.)

Indirect Taxes. Royalties and other sums payable under this Agreement All payments are exclusive of value added taxes, sales taxes, consumption taxes and other similar taxes (the “Indirect Taxes”). If any Indirect Taxes are chargeable in respect of any payments, the paying Party shall pay such Indirect Taxes at the applicable rate in respect of such payments following receipt, where applicable, of an Indirect Taxes invoice in the appropriate form issued by the receiving Party in respect of those payments. The Parties shall issue invoices for all amounts payable under this Agreement consistent with Indirect Tax requirements and irrespective of whether the sums may be netted for settlement purposes. If the Indirect Taxes originally paid or otherwise borne by the paying Party are in whole or in part subsequently determined to be refundable to the receiving Party (including by reason of not to have having been chargeableproperly chargeable in the first instance), all reasonably necessary steps requested by the paying Party will be taken by the receiving Party to receive a refund of these undue such Indirect Taxes from the applicable governmental authority or other fiscal authority and any amount of undue such Indirect Taxes repaid or refunded by such authority to the receiving Party (net of any amounts incurred with respect to the receipt of such amounts) will be transferred to the paying Party within [***] ([***]) [***] of receipt.. “

Appears in 1 contract

Sources: Collaboration and License Agreement (Alector, Inc.)

Indirect Taxes. Royalties and other sums payable under Unless otherwise mutually agreed by both Parties, all payments made pursuant to this Agreement are exclusive of value added taxes, sales taxes, consumption taxes and other similar taxes (the “Indirect Taxes”). If any Indirect Taxes are chargeable in respect of any paymentspayments made pursuant to this Agreement, the paying Party party shall pay such Indirect Taxes at the applicable rate in respect of such payments following receipt, where applicable, of an Indirect Taxes invoice in the appropriate form in accordance with Applicable Law issued by the receiving Party in respect of those payments. The Parties shall issue invoices for all amounts payable under this Agreement consistent with Applicable Law with respect to Indirect Tax requirements and irrespective of whether the sums may be netted for settlement purposes. The Parties shall cooperate and use all reasonable efforts to obtain any applicable reduction, exemption, zero-rating, credit or refund in respect of any Indirect Tax in accordance with Applicable Law. If the any amount of Indirect Taxes originally paid or otherwise borne Tax is refunded by the paying Party are in whole or in part subsequently determined not to have been chargeable, all reasonably necessary steps will be taken by the receiving Party to receive a refund of these undue Indirect Taxes from the applicable governmental authority Governmental Authority or other fiscal authority and any subsequent to payment, the Party receiving such refund will transfer such amount of undue Indirect Taxes repaid by such authority to the receiving Party will be transferred to the paying Party within [***] days of receipt.. [***]

Appears in 1 contract

Sources: License and Collaboration Agreement (Amgen Inc)

Indirect Taxes. Royalties and other sums payable All payments under this Agreement are exclusive of value added taxes, sales taxes, consumption taxes and other similar taxes (the “exclude any Indirect Taxes”). If any Indirect Taxes are chargeable in respect of any payments, the paying Party shall will pay such Indirect Taxes at the applicable rate in respect of such payments following receipt, where applicable, of an Indirect Taxes invoice in the appropriate form issued by the receiving Party in respect of those payments. The Parties shall will issue invoices for all amounts payable under this Agreement consistent with Indirect Tax requirements and irrespective of whether the sums may be netted for settlement purposes. If the Indirect Taxes originally paid or otherwise borne by the paying Party are in whole or in part subsequently determined to be refundable to the receiving Party (including by reason of not to have having been chargeableproperly chargeable in the first instance), all reasonably necessary steps requested by the paying Party will be taken by the receiving Party to receive a refund of these undue such Indirect Taxes from the applicable governmental authority or other fiscal authority Governmental Authority and any amount of undue such Indirect Taxes repaid or refunded by such authority Governmental Authority to the receiving Party (net of any amounts incurred with respect to the receipt of such amounts) will be transferred to the paying Party within [***] days of receipt. “Indirect Taxes” means any value added, transfer, sales, purchase, turnover, or similar tax as may be applicable in any relevant jurisdiction.

Appears in 1 contract

Sources: License Agreement (Arcutis Biotherapeutics, Inc.)