Common use of Payment of Tax Clause in Contracts

Payment of Tax. To the extent a Party is required by applicable Law to deduct and withhold taxes on any payment to the other Party, the paying Party shall pay the amounts of such taxes to the proper Governmental Authority in a timely manner and promptly transmit to the other Party an official tax certificate or other evidence of such withholding sufficient to enable such other Party to claim such payment of taxes.

Appears in 6 contracts

Samples: License Agreement (Inhibrx, Inc.), Collaboration and License Agreement (Pulmatrix, Inc.), Option and License Agreement (Inhibrx, Inc.)

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Payment of Tax. To the extent a Party is required by applicable Law Applicable Laws to deduct and withhold taxes on any payment to the other Party, the paying Party shall will pay the amounts of such taxes to the proper Governmental Authority tax authority in a timely manner and promptly transmit to the other Party an official tax certificate or other evidence of such withholding sufficient to enable such other Party to claim such payment of taxes.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Acer Therapeutics Inc.), Collaboration and License Agreement (Relief Therapeutics Holding SA)

Payment of Tax. To the extent a Party is required by applicable Law law to deduct and withhold taxes on any payment to the other Party, the paying Party shall pay the amounts of such taxes to the proper Governmental Authority tax authority in a timely manner and promptly transmit to the other Party an official tax certificate or other evidence of such withholding sufficient to enable such other Party to claim such payment of taxes.

Appears in 2 contracts

Samples: Cd38 Product Collaboration Agreement (I-Mab), Cd38 Product Collaboration Agreement (I-Mab)

Payment of Tax. To the extent a Party is required by applicable Applicable Law to deduct and withhold taxes on any payment made to the other Party, the paying withholding Party shall will pay the amounts of such taxes to the proper Governmental Authority in a timely manner and promptly transmit to the other paying Party an official tax certificate or other evidence of such withholding sufficient to enable such other the paying Party to claim such payment of taxes.

Appears in 2 contracts

Samples: Collaboration Agreement (Unum Therapeutics, Inc.), Collaboration Agreement (Unum Therapeutics, Inc.)

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Payment of Tax. To the extent a Party is required by applicable Law Applicable Laws to deduct and withhold taxes on any payment to the other Party, the paying Party shall pay the amounts of such taxes to the proper Governmental Authority tax authority in a timely manner and promptly transmit to the other Party an official tax certificate or other evidence of such withholding sufficient to enable such other Party to claim such payment of taxes.

Appears in 2 contracts

Samples: Collaborative Development and Commercialization Agreement (Tracon Pharmaceuticals, Inc.), Trial Agreement (Tracon Pharmaceuticals, Inc.)

Payment of Tax. To the extent a Party is required by applicable Applicable Law to deduct and withhold taxes on any payment to the other Party, the paying such Party shall pay the amounts of such taxes to the proper Governmental Authority in a timely manner and promptly transmit to the other Party an official tax certificate or other evidence of such withholding sufficient to enable such other Party the payee to claim such payment of taxes.

Appears in 1 contract

Samples: Joint Commercialization Agreement (Seattle Genetics Inc /Wa)

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