Common use of VAT Account Clause in Contracts

VAT Account. (a) Upon the delivery by the Company of a certificate to the Administrative Agent that amounts previously distributed into the VAT Account in respect of payments of interim capacity, a potential rebate or other amounts payable to relevant government authorities in respect of value added taxes, sales taxes or other similar taxes are now due and payable, the Administrative Agent shall distribute, from the cash available in the VAT Account, directly to the Company for the benefit of the Persons entitled thereto, all other amounts then due and owing identified in such certificate.

VAT Account. (a) Upon the delivery by the Company of a certificate to the Administrative Agent that amounts previously distributed into the VAT Account in respect of payments of interim capacity, a potential rebate or other amounts payable to relevant government authorities in respect of value added taxes, sales taxes or other similar taxes are now due and payable, the Administrative Agent shall distribute, from the cash available in the VAT Account, directly to the Company for the benefit of the Persons entitled thereto, all other such amounts then due and owing as identified in such certificate.. 130