Common use of Input tax credits Clause in Contracts

Input tax credits. Notwithstanding any other provision of this Agreement, if an amount payable under or in connection with this Agreement is calculated by reference to any loss, damage, cost, expense, charges or other liability incurred or suffered by a party, then the amount payable must be reduced by the amount of any input tax credit or other deduction from output tax to which that entity is entitled in respect of the acquisition of any supply to which the loss, damage, cost, expense, charge or other liability relates. For the avoidance of doubt, this clause 19.6 does not apply to adjust the Break Fee or Reverse Break Fee.

Input tax credits. Notwithstanding any other provision of this Agreementagreement, if an amount payable under or in connection with this Agreement agreement is calculated by reference to any loss, damage, cost, expense, charges or other liability incurred or suffered by a party, then the amount payable must be reduced by the amount of any input tax credit or other deduction from output tax to which that entity is entitled in respect of the acquisition of any supply to which the loss, damage, costcosts, expense, charge or other liability relates. For the avoidance of doubt, this clause 19.6 18.6 does not apply to adjust the Break Fee or the Reverse Break Fee.