Common use of VAT Clause in Contracts

VAT. (a) All amounts set out, or expressed to be payable under a Loan Document by any party to a Credit Party which (in whole or part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and accordingly, subject to clause (b) below, if VAT is or becomes chargeable on any supply made by any Credit Party to any party under a Loan Document and such Credit Party is required to account to the relevant tax authority for the VAT, that party shall pay to the Credit Party (in addition to and at the same time as paying the consideration for such supply) an amount equal to the amount of such VAT (and such Credit Party shall promptly provide an appropriate VAT invoice to such party).

VAT. (a) All amounts set out, out or expressed in a Finance Document to be payable under a Loan Document by any party Party to a Credit Finance Party which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and accordingly, subject to clause paragraph (b) below, if VAT is or becomes chargeable on any supply made by any Credit Finance Party to any party Party under a Loan Finance Document and such Credit Finance Party is required to account to the relevant tax authority for the VAT, that party Party shall pay to the Credit Finance Party (in addition to and at the same time as paying the any other consideration for such supply) an amount equal to the amount of such VAT (and such Credit Finance Party shall promptly provide an appropriate VAT invoice to such partyParty).

VAT. (a) All amounts set out, out or expressed in a Finance Document to be payable under a Loan Document by any party Party to a Credit Finance Party which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is or becomes chargeable on such supply or supplies, and accordingly, subject to clause paragraph (b) below, if VAT is or becomes chargeable on any supply made by any Credit Finance Party to any party Party under a Loan Finance Document and such Credit that Finance Party is required to account to the relevant tax authority for the VAT, that party Party shall pay to the Credit Finance Party (in addition to and at the same time as paying the any other consideration for such supply) an amount equal to the amount of such VAT (and such Credit Finance Party shall promptly provide an appropriate VAT invoice to such partyParty).

VAT. (ai) All amounts set out, or expressed to be payable under a Loan Document by any party to a Credit Party Lender which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, supplies and accordingly, subject to clause paragraph (bi) below, below if VAT is or becomes chargeable on any supply or supplies made by any Credit Party Lender to any party under in connection with a Loan Document Document, and such Credit Party Lender is required to account to the relevant tax authority for the VAT, that party shall pay to the Credit Party Lender (in addition to and at the same time as paying the consideration for such supplythat supply or supplies) an amount equal to the amount of the VAT upon such VAT (and such Credit Party shall promptly provide Lender providing an appropriate VAT invoice to such party).

VAT. (a) All amounts set out, or expressed to be payable under a Loan Document by any party hereto to a Credit Party Recipient which (in whole or in part) constitute the consideration for a any supply or supplies for VAT purposes shall be are deemed to be exclusive of any VAT which is chargeable on such that supply or suppliesand, and accordingly, subject to clause (bSection 3.08(b) below, ; if VAT is or becomes chargeable on any supply made by any Credit Party Recipient to any party hereto under a Loan Document and such Credit Party Recipient is required to account to the relevant tax authority for the VAT, that party shall hereto must pay to the Credit Party such Recipient (in addition to and at the same time as paying the any other consideration for such supply) an amount equal to the amount of such the VAT (and such Credit Party shall Recipient must promptly provide an appropriate VAT invoice to such that party).

VAT. (a) All amounts set out, out or expressed in a Loan Document to be payable under a Loan Document by any party to a any Credit Party which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and accordingly, subject to clause (b) below, if VAT is or becomes chargeable on any supply made by any Credit Party to any party under a Loan Document and such Credit Party is required to account to the relevant tax authority for the VAT, that party shall pay to the Credit Party (in addition to and at the same time as paying the any other consideration for such supply) an amount equal to the amount of such VAT (and such Credit Party shall promptly provide an appropriate VAT invoice to such party).

VAT. (a) All amounts set out, out or expressed in a Finance Document to be payable under a Loan Document by any party Party to a Credit Finance Party which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is or becomes chargeable on such supply or supplies, and accordingly, subject to clause paragraph (b) below, if VAT is or becomes chargeable on any supply made by any Credit Finance Party to any party Party under a Loan Finance Document and such Credit that Finance Party is required to account to the relevant tax authority for the VAT, that party Party shall pay to the Credit Finance Party (in addition to and at the same time as paying the any other consideration for such supply) an amount equal to the amount of such VAT (and such Credit Finance Party shall promptly provide an appropriate VAT invoice to such partyParty).

VAT. (ai) All amounts set out, or expressed in a Credit Document to be payable under a Loan Document by any party to such agreement (a Credit Party “Party”) to a Secured Creditor which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and accordingly, subject to clause sub-paragraph (bii) below, if VAT is or becomes chargeable on any supply made by any Credit Party Secured Creditor to any party Party under a Loan Document and such Credit Party is required to account to the relevant tax authority for the VATDocument, that party Party shall pay to the Credit Party Secured Creditor (in addition to and at the same time as paying the any other consideration for such supply) an amount equal to the amount of such VAT (and such Credit Party Secured Creditor shall promptly provide an appropriate VAT invoice to such party)Party) unless the reverse charge procedure applies.

VAT. (ai) All amounts set out, or expressed to be payable under a Loan Document by any party to a Credit Party which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, supplies and accordingly, subject to clause paragraph (bii) below, below if VAT is or becomes chargeable on any supply or supplies made by any Credit Party Lender to any party under in connection with a Loan Document Document, and such Credit Party is required to account to the relevant tax authority for the VAT, that party shall pay to the Credit Party Lender (in addition to and at the same time as paying the consideration for such supplythat supply or supplies) an amount equal to the amount of such the VAT (and upon such Credit Party shall promptly provide providing an appropriate VAT invoice to such party).

VAT. (a) All amounts set out, or expressed in a Finance Document to be payable by any Party under a Loan Finance Document by any party to a Credit Finance Party which (in whole or in part) constitute the consideration for a any supply or supplies for VAT purposes shall be are deemed to be exclusive of any VAT which is or becomes chargeable on such supply or supplies, and accordingly, subject to clause (paragraph b) below, if VAT is or becomes chargeable on any supply made by any Credit Finance Party to any party Party under a Loan Finance Document and such Credit the Finance Party is required to account to the relevant tax authority for the VAT, that party shall Party must pay to the Credit Finance Party (in addition to and at the same time as paying the any other consideration for such supply) an amount equal to the amount of such VAT (and such Credit Finance Party shall must promptly provide an appropriate VAT invoice to such partythat Party).

VAT. (a) All amounts set out, out or expressed in a Loan Document to be payable under a Loan Document by any party to a any Credit Party which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and accordingly, subject to clause (b) below, if VAT is or becomes chargeable on any supply made by any Credit Party to any party under a Loan Document and 148 such Credit Party is required to account to the relevant tax authority for the VAT, that party shall pay to the Credit Party (in addition to and at the same time as paying the any other consideration for such supply) an amount equal to the amount of such VAT (and such Credit Party shall promptly provide an appropriate VAT invoice to such party).

VAT. (ai) All amounts set out, or expressed in a Credit Document to be payable under a Loan Document by any party Borrower or other Credit Party to a Credit Party Lender or Agent which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and accordingly, subject to clause (b) below, if VAT is or becomes chargeable on any supply made by any Lender or Agent to any Borrower or other Credit Party to any party under a Loan Document and such Credit Document, that Borrower or other Credit Party is required to account to the relevant tax authority for the VAT, that party shall pay to the Credit Party Lender or Agent (in addition to and at the same time as paying the any other consideration for such supply) an amount equal to the amount of such VAT (and such Credit Party Lender or Agent shall promptly provide an appropriate VAT invoice to such partyBorrower or other Credit Party).

VAT. (a) All amounts set out, or expressed to be payable under a Loan Finance Document by any party Party to a Credit Finance Party which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be are deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and accordingly, subject to clause paragraph (b) below, if VAT is or becomes chargeable on any supply or supplies made by any Credit Finance Party to any party Party under a Loan Document Finance Document, and such Credit Finance Party is required to account to the relevant tax authority for the VAT, that party shall Party must pay to the Credit such Finance Party (in addition to and at the same time as paying the consideration for such supplysupply or supplies) an amount equal to the amount of such the VAT (and such Credit Finance Party shall must promptly provide an appropriate VAT invoice to such partythat Party).

VAT. (a) All amounts set out, out or expressed in a Finance Document to be payable under a Loan Document by any party Party to a Credit Finance Party which (in whole or in part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and accordingly, subject to clause paragraph (b) below, if VAT is or becomes chargeable on any supply made by any Credit Finance Party to any party Party under a Loan Finance Document and such Credit Finance Party is required to account to the relevant tax authority for the VAT, that party Party shall pay to the Credit Finance Party (in addition to and at the same time as paying the any other consideration for such supply) an amount equal to the amount of such VAT (and provided that such Credit Finance Party shall promptly provide an appropriate VAT invoice to such party)Party.

VAT. (a) All amounts set out, out or expressed to be payable under a Loan Document by any party to a Credit Party which (in whole or part) constitute the consideration for a supply or supplies for VAT purposes shall be deemed to be exclusive of any VAT which is chargeable on such supply or supplies, and accordingly, subject to clause (b) below, if VAT is or becomes chargeable on any supply made by any Credit Party to any party under a Loan Document and such Credit Party is required to account to the relevant tax authority for the VAT, that party shall pay to the Credit Party (in addition to and at the same time as paying the consideration for such supply) an amount equal to the amount of such VAT (and such Credit Party shall promptly provide an appropriate VAT invoice to such party).