Common use of VAT Clause in Contracts

VAT. All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Document shall be deemed to be exclusive of any VAT. If VAT is chargeable, the Borrower shall pay to the Agent for the account of such Finance Party (in addition to the amount required pursuant to the Finance Documents) an amount equal to such VAT.

Appears in 23 contracts

Samples: Whereas Eksportfinans, And Restatement Agreement (Seadrill Partners LLC), Senior Secured Credit Facility Agreement (Seadrill Partners LLC)

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VAT. All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Document shall be deemed to be exclusive of any VAT. If VAT is chargeable, the Borrower Borrowers shall pay to the Agent for the account of such Finance Party (in addition to the amount required pursuant to the Finance Documents) an amount equal to such VAT.

Appears in 7 contracts

Samples: Facility Agreement (Flex LNG Ltd.), Credit Facility Agreement, And Restatement Agreement (Seadrill Partners LLC)

VAT. (a) All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Document shall be deemed to be exclusive of any VAT. If VAT is chargeable, the Borrower relevant Obligor shall pay to the Agent for the account of such Finance Party (in addition to the amount required pursuant to the Finance Documents) an amount equal to such VAT.

Appears in 5 contracts

Samples: Facilty Agreement (Pra Group Inc), Fourth Amendment and Restatement Agreement (Pra Group Inc), Pra Group Inc

VAT. All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Document shall be deemed to be exclusive of any VAT. If VAT is chargeable, the Borrower shall pay to the GIEK Facility Agent for the account of such Finance Party (in addition to the amount required pursuant to the Finance Documents) an amount equal to such VAT.

Appears in 4 contracts

Samples: Secured Term Loan Facility Agreement, www.sec.gov, Loan Facility Agreement (Seadrill Partners LLC)

VAT. (a) All amounts set out, or expressed to be payable under a Finance Document by any Party party hereto to a Finance Document Party shall be deemed to be exclusive of any VAT. If VAT is chargeable, the Borrower chargeable on any supply made by any Finance Party to any party hereto in connection with a Finance Document that party shall pay to the Agent for the account of such Finance Party (in addition to and at the amount required pursuant to same time as paying the Finance Documentsconsideration for that supply) an amount equal to such the amount of the VAT.

Appears in 4 contracts

Samples: Propco Facility Agreement (Toys R Us Inc), Propco Facility Agreement (Toys R Us Inc), Senior Facilities Agreement (Toys R Us Inc)

VAT. All amounts set out, out or expressed in a Finance Document to be payable under a Finance Document by any Party an Obligor to a Finance Document Party shall be deemed to be exclusive of any VAT. If , and accordingly, if VAT is chargeableor becomes chargeable on any supply made by any Finance Party to an Obligor under a Finance Document, the Borrower Obligor shall pay to the Agent for the account of such Finance Party (in addition to and at the amount required pursuant to the Finance Documentssame time as paying any other consideration) an amount equal to the amount of such VAT.

Appears in 3 contracts

Samples: Agreement (Flex LNG Ltd.), Agreement (Flex LNG Ltd.), Facility Agreement (KNOT Offshore Partners LP)

VAT. All amounts set out, or expressed to be payable under a Finance Document by any Finance Party to a Finance Document shall be deemed to be exclusive of any VAT. If VAT is chargeable, the Borrower relevant Obligor shall pay to the Agent for the account of such Finance Party (in addition to the amount required pursuant to the Finance Documents) an amount equal to such VAT.

Appears in 2 contracts

Samples: Credit Facilities Agreement, Credit Facilities Agreement (KNOT Offshore Partners LP)

VAT. a. All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Document shall be deemed to be exclusive of any VAT. If VAT is chargeable, the Borrower relevant Obligor shall pay to the Agent for the account of such Finance Party (in addition to the amount required pursuant to the Finance Documents) an amount equal to such VAT.

Appears in 2 contracts

Samples: Third Amendment and Restatement Agreement (Pra Group Inc), Pra Group Inc

VAT. All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Document shall be deemed to be exclusive of any VAT. If VAT is chargeable, the Borrower shall pay to the Agent for the account of such Finance Party (in addition to the amount required pursuant to the Finance Documents) Lender an amount equal to such VAT.

Appears in 1 contract

Samples: B Plus H Ocean Carriers LTD

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VAT. (a) All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Document Party shall be deemed to be exclusive of any VAT. If VAT is chargeable, the Borrower shall pay to the Agent for the account of such Finance Party (in addition to the amount required pursuant to the Finance Documents) an amount equal to such VAT.

Appears in 1 contract

Samples: Agreement (Himalaya Shipping Ltd.)

VAT. (a) All amounts set out, or expressed in a Finance Document to be payable under a Finance Document by any Party to a Finance Document Lender shall be deemed to be exclusive of any VAT. If VAT which is chargeable on that supply, and accordingly, subject to paragraph (b) below, if VAT is chargeableor becomes chargeable on any supply made by any Lender to any Party in connection with a Finance Document, the Borrower that Party shall pay to the Agent for the account of such Finance Party Lender (in addition to and at the amount required pursuant to the Finance Documentssame time as paying any other consideration) an amount equal to such the amount of the VAT.

Appears in 1 contract

Samples: Facility Agreement (Beyond Air, Inc.)

VAT. All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Document shall be deemed to be exclusive of any VAT. VAT If VAT is chargeable, the Borrower shall pay to the Agent for the account of such Finance Party (in addition to the amount required pursuant to the Finance Documents) an amount equal to such VAT.

Appears in 1 contract

Samples: Assignment Agreement (Nordic American Tanker Shipping LTD)

VAT. All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Document shall be deemed to be exclusive of any VAT. If VAT is chargeable, the Borrower Borrowers shall pay to the Agent for the account of such Finance Party (in addition to the amount required pursuant to the Finance Documents) an amount equal to such VAT.. 13 INCREASED COSTS

Appears in 1 contract

Samples: Assignment Agreement (B Plus H Ocean Carriers LTD)

VAT. All amounts set out, or expressed to be payable under a Finance Document by any Party to a Finance Document shall be deemed to be exclusive of any VAT. If VAT is chargeable, the applicable Borrower shall pay to the Agent for the account of such Finance Party (in addition to the amount required pursuant to the Finance Documents) an amount equal to such VAT.

Appears in 1 contract

Samples: Framework Agreement (Seadrill Partners LLC)

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