{"component": "clause", "props": {"groups": [{"size": 545, "snippet": "Notwithstanding anything in this Section 2.03 to the contrary:\n(i) All amounts expressed to be payable under a Loan Document by any Loan Party to a Secured Party which (in whole or in part) constitute the consideration for any supply for VAT purposes are deemed to be exclusive of any VAT which is chargeable on that supply, and accordingly, subject to paragraph (ii) below, if VAT is or becomes chargeable on any supply made by any Lender to any Loan Party under a Loan Document and such Secured Party is required to account to the relevant tax authority for the VAT, that Loan Party must pay to such Secured Party (in addition to and at the same time as paying any other consideration for such supply) an amount equal to the amount of the VAT (and such Lender must promptly provide an appropriate VAT invoice to that Loan Party).\n(ii) If VAT is or becomes chargeable on any supply made by any Secured Party (the \u201cSupplier\u201d) to any other Secured Party (the \u201cSpecified Recipient\u201d) under a Loan Document, and any Loan Party other than the Specified Recipient (the \u201cRelevant Party\u201d) is required by the terms of any Loan Document to pay an amount equal to the consideration for that supply to the Supplier (rather than being required to reimburse or indemnify the Specified Recipient in respect of that consideration):\n(A) (where the Supplier is the person required to account to the relevant tax authority for the VAT) the Relevant Party must also pay to the Supplier (at the same time as paying that amount) an additional amount equal to the amount of the VAT. The Specified Recipient must (where this paragraph (A) applies) promptly pay to the Relevant Party an amount equal to any credit or repayment the Specified Recipient receives from the relevant tax authority which the Specified Recipient reasonably determines relates to the VAT chargeable on that supply; and\n(B) (where the Specified Recipient is the person required to account to the relevant tax authority for the VAT) the Relevant Party must promptly, following demand from the Specified Recipient, pay to the Specified Recipient an amount equal to the VAT chargeable on that supply but only to the extent that the Specified Recipient reasonably determines that it is not entitled to credit or repayment from the relevant tax authority in respect of that VAT.\n(iii) Where a Loan Document requires any Loan Party to reimburse or indemnify a Secured Party for any cost or expense, that Loan Party shall reimburse or indemnify (as the case may be) such Lender for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that such Secured Party reasonably determines that it is entitled to credit or repayment in respect of such VAT from the relevant tax authority.\n(iv) Any reference in this Section 2.03(g) to any Loan Party shall, at any time when such Loan Party is treated as a member of a group for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the representative member of such group at such time (the term \u201crepresentative member\u201d to have the same meaning as in the Value Added Tax Act 1994).\n(v) In relation to any supply made by a Secured Party to any Loan Party under a Loan Document, if reasonably requested by such Lender, that Loan Party must promptly provide such Secured Party with details of that Loan Party\u2019s VAT registration and such other information as is reasonably requested in connection with such Secured Party\u2019s VAT reporting requirements in relation to such supply.", "samples": [{"hash": "g1w03vpPWJ9", "uri": "/contracts/g1w03vpPWJ9#vat", "label": "Credit Agreement (Airspan Networks Holdings Inc.)", "score": 35.1930198669, "published": true}, {"hash": "8UncebIJA9o", "uri": "/contracts/8UncebIJA9o#vat", "label": "Credit Agreement (Airspan Networks Holdings Inc.)", "score": 35.1738548279, "published": true}, {"hash": "aJd0wX3E7Xo", "uri": "/contracts/aJd0wX3E7Xo#vat", "label": "Credit Agreement (Airspan Networks Holdings Inc.)", "score": 34.9904174805, "published": true}], "snippet_links": [{"key": "loan-document", "type": "definition", "offset": [111, 124]}, {"key": "loan-party", "type": "clause", "offset": [132, 142]}, {"key": "the-consideration", "type": "clause", "offset": [201, 218]}, {"key": "subject-to", "type": "clause", "offset": [342, 352]}, {"key": "to-account", "type": "definition", "offset": [515, 525]}, {"key": "relevant-tax-authority", "type": "definition", "offset": [533, 555]}, {"key": "pay-to", "type": "definition", "offset": [590, 596]}, {"key": "in-addition-to", "type": "clause", "offset": [617, 631]}, {"key": "other-consideration", "type": "clause", "offset": [667, 686]}, {"key": "equal-to", "type": "definition", "offset": [714, 722]}, {"key": "promptly-provide", "type": "clause", "offset": [767, 783]}, {"key": "an-appropriate", "type": "clause", "offset": [784, 798]}, {"key": "invoice-to", "type": "clause", "offset": [803, 813]}, {"key": "other-secured-party", "type": "definition", "offset": [933, 952]}, {"key": "specified-recipient", "type": "definition", "offset": [959, 978]}, {"key": "required-by", "type": "definition", "offset": [1084, 1095]}, {"key": "terms-of", "type": "definition", "offset": [1100, 1108]}, {"key": "to-pay", "type": "clause", "offset": [1127, 1133]}, {"key": "to-the-supplier", "type": "clause", "offset": [1187, 1202]}, {"key": "to-reimburse", "type": "definition", "offset": [1231, 1243]}, {"key": "in-respect-of", "type": "definition", "offset": [1281, 1294]}, {"key": "where-the-supplier", "type": "clause", "offset": [1321, 1339]}, {"key": "the-relevant-party-must", "type": "clause", "offset": [1417, 1440]}, {"key": "additional-amount", "type": "clause", "offset": [1510, 1527]}, {"key": "relates-to", "type": "definition", "offset": [1819, 1829]}, {"key": "to-the-extent", "type": "clause", "offset": [2155, 2168]}, {"key": "not-entitled", "type": "definition", "offset": [2231, 2243]}, {"key": "the-case", "type": "definition", "offset": [2491, 2499]}, {"key": "at-any-time", "type": "clause", "offset": [2844, 2855]}, {"key": "a-member-of", "type": "clause", "offset": [2891, 2902]}, {"key": "where-appropriate", "type": "clause", "offset": [2938, 2955]}, {"key": "the-context", "type": "clause", "offset": [2967, 2978]}, {"key": "a-reference-to", "type": "clause", "offset": [2999, 3013]}, {"key": "representative-member", "type": "definition", "offset": [3018, 3039]}, {"key": "same-meaning", "type": "clause", "offset": [3113, 3125]}, {"key": "value-added-tax-act-1994", "type": "clause", "offset": [3136, 3160]}, {"key": "in-relation-to", "type": "clause", "offset": [3167, 3181]}, {"key": "requested-by", "type": "definition", "offset": [3272, 3284]}, {"key": "details-of", "type": "clause", "offset": [3360, 3370]}, {"key": "vat-registration", "type": "definition", "offset": [3389, 3405]}, {"key": "other-information", "type": "clause", "offset": [3415, 3432]}, {"key": "in-connection-with", "type": "clause", "offset": [3460, 3478]}, {"key": "reporting-requirements", "type": "clause", "offset": [3504, 3526]}], "hash": "8d5249d8c010cf1fdc83a0762fd2f042", "id": 1}, {"size": 52, "snippet": "Under current legislation our services are not subject to VAT but should this change in future and VAT becomes payable, we will notify you before conducting any further work.", "samples": [{"hash": "9igkSoD4XBZ", "uri": "/contracts/9igkSoD4XBZ#vat", "label": "Client Agreement for Investments & Insurances", "score": 34.3650894165, "published": true}, {"hash": "1oCahWbtBBL", "uri": "/contracts/1oCahWbtBBL#vat", "label": "Client Agreement for Investments & Insurances", "score": 34.3174247742, "published": true}, {"hash": "6ZWMscz5TuQ", "uri": "/contracts/6ZWMscz5TuQ#vat", "label": "Client Agreement for Investments & Insurances", "score": 33.516834259, "published": true}], "snippet_links": [{"key": "current-legislation", "type": "definition", "offset": [6, 25]}, {"key": "our-services", "type": "clause", "offset": [26, 38]}, {"key": "subject-to", "type": "clause", "offset": [47, 57]}, {"key": "change-in", "type": "definition", "offset": [78, 87]}, {"key": "further-work", "type": "clause", "offset": [161, 173]}], "hash": "369f2888d99d97a7ea71765d64d32d09", "id": 3}, {"size": 78, "snippet": "34.1. If VAT is held to be chargeable in respect of the Grant Funding Agreement, all payments shall be deemed to be inclusive of all VAT and the Authority shall not be obliged to pay any additional amount by way of VAT.\n34.2. All sums or other consideration payable to or provided by the Grant Recipient to the Authority at any time shall be deemed to be exclusive of all VAT payable and where any such sums become payable or due or other consideration is provided, the Grant Recipient shall at the same time or as the case may be on demand by HMRC in addition to such sums, or other consideration, pay to HMRC all the VAT so payable upon the receipt of a valid VAT invoice.", "samples": [{"hash": "1qmgiqxXNky", "uri": "/contracts/1qmgiqxXNky#vat", "label": "Grant Funding Agreement", "score": 33.6995544434, "published": true}, {"hash": "cZSeQiriQlf", "uri": "/contracts/cZSeQiriQlf#vat", "label": "Grant Funding Agreement", "score": 33.5621070862, "published": true}, {"hash": "f13scAdzeat", "uri": "/contracts/f13scAdzeat#vat", "label": "Grant Funding Agreement", "score": 33.0975837708, "published": true}], "snippet_links": [{"key": "in-respect-of", "type": "definition", "offset": [38, 51]}, {"key": "grant-funding-agreement", "type": "definition", "offset": [56, 79]}, {"key": "payments-shall-be", "type": "clause", "offset": [85, 102]}, {"key": "inclusive-of", "type": "clause", "offset": [116, 128]}, {"key": "to-pay", "type": "clause", "offset": [176, 182]}, {"key": "additional-amount", "type": "clause", "offset": [187, 204]}, {"key": "payable-to", "type": "definition", "offset": [258, 268]}, {"key": "by-the-grant", "type": "definition", "offset": [281, 293]}, {"key": "to-the-authority", "type": "clause", "offset": [304, 320]}, {"key": "at-any-time", "type": "clause", "offset": [321, 332]}, {"key": "the-grant-recipient-shall", "type": "clause", "offset": [466, 491]}, {"key": "the-case", "type": "definition", "offset": [515, 523]}, {"key": "on-demand", "type": "clause", "offset": [531, 540]}, {"key": "in-addition-to", "type": "clause", "offset": [549, 563]}, {"key": "pay-to", "type": "definition", "offset": [599, 605]}, {"key": "receipt-of-a", "type": "clause", "offset": [643, 655]}, {"key": "vat-invoice", "type": "definition", "offset": [662, 673]}], "hash": "d42db8c061960302c2c15aeb0f86fdc0", "id": 2}, {"size": 45, "snippet": "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.", "samples": [{"hash": "6jF6ytAe5XR", "uri": "/contracts/6jF6ytAe5XR#vat", "label": "Facility Agreement (Flex LNG Ltd.)", "score": 35.1560592651, "published": true}, {"hash": "4uVIcYV0ADs", "uri": "/contracts/4uVIcYV0ADs#vat", "label": "Senior Secured Credit Facility Agreement", "score": 29.3408622742, "published": true}, {"hash": "k2DHmdaruAA", "uri": "/contracts/k2DHmdaruAA#vat", "label": "Term Loan and Revolving Credit Facilities Agreement (Seadrill Partners LLC)", "score": 26.6249141693, "published": true}], "snippet_links": [{"key": "set-out", "type": "definition", "offset": [12, 19]}, {"key": "by-any-party", "type": "clause", "offset": [73, 85]}, {"key": "the-borrower-shall", "type": "clause", "offset": [174, 192]}, {"key": "pay-to", "type": "definition", "offset": [193, 199]}, {"key": "the-agent", "type": "clause", "offset": [200, 209]}, {"key": "the-account", "type": "clause", "offset": [214, 225]}, {"key": "finance-party", "type": "definition", "offset": [234, 247]}, {"key": "in-addition-to-the", "type": "clause", "offset": [249, 267]}, {"key": "amount-required", "type": "clause", "offset": [268, 283]}, {"key": "the-finance-documents", "type": "clause", "offset": [296, 317]}, {"key": "equal-to", "type": "definition", "offset": [329, 337]}], "hash": "ca7dd776c8dc3309888fe297366bda52", "id": 7}, {"size": 38, "snippet": "any value-added tax, goods and services tax, consumption tax, or similar tax imposed by Law.", "samples": [{"hash": "lBJeXXvWnnD", "uri": "/contracts/lBJeXXvWnnD#vat", "label": "Terms and Conditions of Supply", "score": 35.2024803162, "published": true}, {"hash": "jMrcjI67LzQ", "uri": "/contracts/jMrcjI67LzQ#vat", "label": "Terms and Conditions of Supply", "score": 35.1932525635, "published": true}, {"hash": "hubGRATqvJb", "uri": "/contracts/hubGRATqvJb#vat", "label": "Terms and Conditions of Supply", "score": 34.1959877014, "published": true}], "snippet_links": [{"key": "goods-and-services-tax", "type": "definition", "offset": [21, 43]}, {"key": "consumption-tax", "type": "clause", "offset": [45, 60]}, {"key": "tax-imposed", "type": "clause", "offset": [73, 84]}], "hash": "52d2e00072a9b05ebf7240c23571e2ee", "id": 9}, {"size": 42, "snippet": "The Call Off Contract Charges are stated exclusive of VAT, which shall be added at the prevailing rate as applicable and paid by the Customer following delivery of a Valid Invoice. The Supplier shall indemnify the Customer on a continuing basis against any liability, including any interest, penalties or costs incurred, which is levied, demanded or assessed on the Customer at any time (whether before or after the making of a demand pursuant to the indemnity hereunder) in respect of the Supplier's failure to account for or to pay any VAT relating to payments made to the Supplier under this Call Off Contract. Any amounts due under Clause 23.2 (VAT) shall be paid in cleared funds by the Supplier to the Customer not less than five (5) Working Days before the date upon which the tax or other liability is payable by the Customer. The Customer may retain or set off any amount owed to it by the Supplier against any amount due to the Supplier under this Call Off Contract or under any other agreement between the Supplier and the Customer. If the Customer wishes to exercise its right pursuant to Clause 23.3.1 it shall give notice to the Supplier within thirty (30) days of receipt of the relevant invoice, setting out the Customer\u2019s reasons for retaining or setting off the relevant Call Off Contract Charges. The Supplier shall make any payments due to the Customer without any deduction whether by way of set-off, counterclaim, discount, abatement or otherwise unless the Supplier has obtained a sealed court order requiring an amount equal to such deduction to be paid by the Customer to the Supplier. Any requirement of Law to account for the Goods and/or Services in any currency other than Sterling, (or to prepare for such accounting) instead of and/or in addition to Sterling, shall be implemented by the Supplier free of charge to the Customer. The Customer shall provide all reasonable assistance to facilitate compliance with Clause 23.4.1 by the Supplier.", "samples": [{"hash": "a8fUlGgInHJ", "uri": "/contracts/a8fUlGgInHJ#vat", "label": "Call Off Contract", "score": 31.2268371582, "published": true}, {"hash": "9hibVALLmmq", "uri": "/contracts/9hibVALLmmq#vat", "label": "Call Off Contract", "score": 31.1756954193, "published": true}, {"hash": "k8Pi9wB2EBS", "uri": "/contracts/k8Pi9wB2EBS#vat", "label": "Call Off Contract", "score": 29.9484539032, "published": true}], "snippet_links": [{"key": "call-off-contract-charges", "type": "definition", "offset": [4, 29]}, {"key": "exclusive-of-vat", "type": "clause", "offset": [41, 57]}, {"key": "prevailing-rate", "type": "definition", "offset": [87, 102]}, {"key": "by-the-customer", "type": "clause", "offset": [126, 141]}, {"key": "delivery-of-a", "type": "clause", "offset": [152, 165]}, {"key": "valid-invoice", "type": "definition", "offset": [166, 179]}, {"key": "the-supplier-shall", "type": "clause", "offset": [181, 199]}, {"key": "costs-incurred", "type": "definition", "offset": [305, 319]}, {"key": "at-any-time", "type": "clause", "offset": [375, 386]}, {"key": "the-indemnity", "type": "clause", "offset": [447, 460]}, {"key": "in-respect-of", "type": "definition", "offset": [472, 485]}, {"key": "to-account", "type": "definition", "offset": [509, 519]}, {"key": "to-pay", "type": "clause", "offset": [527, 533]}, {"key": "relating-to", "type": "definition", "offset": [542, 553]}, {"key": "payments-made", "type": "clause", "offset": [554, 567]}, {"key": "to-the-supplier", "type": "clause", "offset": [568, 583]}, {"key": "amounts-due", "type": "clause", "offset": [618, 629]}, {"key": "under-clause", "type": "clause", "offset": [630, 642]}, {"key": "funds-by", "type": "definition", "offset": [679, 687]}, {"key": "working-days", "type": "definition", "offset": [740, 752]}, {"key": "other-liability", "type": "definition", "offset": [791, 806]}, {"key": "the-customer-may", "type": "clause", "offset": [835, 851]}, {"key": "amount-owed", "type": "definition", "offset": [874, 885]}, {"key": "agreement-between", "type": "clause", "offset": [995, 1012]}, {"key": "if-the-customer", "type": "clause", "offset": [1044, 1059]}, {"key": "to-exercise", "type": "clause", "offset": [1067, 1078]}, {"key": "pursuant-to-clause", "type": "clause", "offset": [1089, 1107]}, {"key": "notice-to-the", "type": "clause", "offset": [1129, 1142]}, {"key": "within-thirty", "type": "clause", "offset": [1152, 1165]}, {"key": "receipt-of", "type": "clause", "offset": [1179, 1189]}, {"key": "relevant-invoice", "type": "definition", "offset": [1194, 1210]}, {"key": "setting-out", "type": "clause", "offset": [1212, 1223]}, {"key": "setting-off", "type": "clause", "offset": [1264, 1275]}, {"key": "payments-due", "type": "clause", "offset": [1344, 1356]}, {"key": "court-order", "type": "definition", "offset": [1511, 1522]}, {"key": "equal-to", "type": "definition", "offset": [1543, 1551]}, {"key": "requirement-of-law", "type": "definition", "offset": [1615, 1633]}, {"key": "goods-and-or-services", "type": "definition", "offset": [1653, 1674]}, {"key": "in-addition-to", "type": "clause", "offset": [1766, 1780]}, {"key": "free-of-charge", "type": "clause", "offset": [1828, 1842]}, {"key": "the-customer-shall", "type": "clause", "offset": [1860, 1878]}, {"key": "assistance-to", "type": "clause", "offset": [1902, 1915]}, {"key": "compliance-with-clause", "type": "clause", "offset": [1927, 1949]}], "hash": "136531393f531e917cc59d86aec89452", "id": 8}, {"size": 52, "snippet": "(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).\n(b) If VAT is or becomes chargeable on any supply made by any Credit Party (the \u201cSupplier\u201d) to any other Credit Party (the \u201cRecipient\u201d) under a Loan Document, and any party other than the Recipient (the \u201cSubject Party\u201d) is required by the terms of any Loan Document to pay an amount equal to the consideration for such supply to the Supplier (rather than being required to reimburse the Recipient in respect of that consideration), such party shall also pay to the Supplier (in addition to and at the same time as paying such amount) an amount equal to the amount of such VAT. The Recipient will promptly pay to the Subject Party an amount equal to any credit or repayment obtained by the Recipient from the relevant tax authority which the Recipient reasonably determines is in respect of such VAT.\n(c) Where a Loan Document requires any party to reimburse a Credit Party for any costs or expenses, that party shall also at the same time pay and indemnify the Credit Party against all VAT incurred by the Credit Party in respect of the costs or expenses to the extent that the Credit Party reasonably determines that neither it nor any other member of any group of which it is a member for VAT purposes is entitled to credit or repayment from the relevant tax authority in respect of the VAT.\n(d) Any reference in this Section 2.17B to any party shall, at any time when such party is treated as a member of a group for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the representative member or \u201cparent\u201d of such group at such time (the term \u201crepresentative member\u201d and \u201cparent\u201d to have the same meaning as in the relevant legislation of any jurisdiction having implemented Council Directive 2006/112/EC on the common system of value added tax.\n(e) In relation to any supply made by a Credit Party under a Loan Document if reasonably requested by such Credit Party, the party receiving the supply must promptly provide such Credit Party with details of that party\u2019s VAT registration and such other information is reasonably requested in connection with such Credit Party\u2019s VAT reporting requirements in relation to such supply. This Section 2.17B shall be deemed to constitute an integral part of Section 2.17.", "samples": [{"hash": "84Bd55CtW9J", "uri": "/contracts/84Bd55CtW9J#vat", "label": "Credit Agreement (LKQ Corp)", "score": 32.9123878479, "published": true}, {"hash": "a7gflrOH5D9", "uri": "/contracts/a7gflrOH5D9#vat", "label": "Credit Agreement (LKQ Corp)", "score": 32.3401794434, "published": true}, {"hash": "bGr5P20RarR", "uri": "/contracts/bGr5P20RarR#vat", "label": "Credit Agreement (LKQ Corp)", "score": 31.4558525085, "published": true}], "snippet_links": [{"key": "set-out", "type": "definition", "offset": [16, 23]}, {"key": "loan-document", "type": "definition", "offset": [60, 73]}, {"key": "by-any-party", "type": "clause", "offset": [74, 86]}, {"key": "credit-party", "type": "definition", "offset": [92, 104]}, {"key": "the-consideration", "type": "clause", "offset": [141, 158]}, {"key": "subject-to-clause", "type": "clause", "offset": [309, 326]}, {"key": "to-account", "type": "definition", "offset": [478, 488]}, {"key": "relevant-tax-authority", "type": "definition", "offset": [496, 518]}, {"key": "pay-to", "type": "definition", "offset": [549, 555]}, {"key": "the-credit", "type": "definition", "offset": [556, 566]}, {"key": "in-addition-to", "type": "clause", "offset": [574, 588]}, {"key": "equal-to", "type": "definition", "offset": [665, 673]}, {"key": "promptly-provide", "type": "clause", "offset": [726, 742]}, {"key": "an-appropriate", "type": "clause", "offset": [743, 757]}, {"key": "invoice-to", "type": "clause", "offset": [762, 772]}, {"key": "such-party", "type": "clause", "offset": [773, 783]}, {"key": "other-credit", "type": "definition", "offset": [885, 897]}, {"key": "required-by", "type": "definition", "offset": [1009, 1020]}, {"key": "terms-of", "type": "definition", "offset": [1025, 1033]}, {"key": "any-loan", "type": "clause", "offset": [1034, 1042]}, {"key": "to-pay", "type": "clause", "offset": [1052, 1058]}, {"key": "to-the-supplier", "type": "clause", "offset": [1112, 1127]}, {"key": "to-reimburse", "type": "definition", "offset": [1156, 1168]}, {"key": "in-respect-of", "type": "definition", "offset": [1183, 1196]}, {"key": "the-recipient-will", "type": "clause", "offset": [1363, 1381]}, {"key": "the-subject-party", "type": "clause", "offset": [1398, 1415]}, {"key": "by-the-recipient", "type": "clause", "offset": [1468, 1484]}, {"key": "to-the-extent", "type": "clause", "offset": [1841, 1854]}, {"key": "other-member", "type": "clause", "offset": [1923, 1935]}, {"key": "at-any-time", "type": "clause", "offset": [2140, 2151]}, {"key": "a-member-of", "type": "clause", "offset": [2182, 2193]}, {"key": "where-appropriate", "type": "clause", "offset": [2229, 2246]}, {"key": "the-context", "type": "clause", "offset": [2258, 2269]}, {"key": "a-reference-to", "type": "clause", "offset": [2290, 2304]}, {"key": "representative-member", "type": "definition", "offset": [2309, 2330]}, {"key": "same-meaning", "type": "clause", "offset": [2429, 2441]}, {"key": "relevant-legislation", "type": "definition", "offset": [2452, 2472]}, {"key": "any-jurisdiction", "type": "definition", "offset": [2476, 2492]}, {"key": "council-directive", "type": "definition", "offset": [2512, 2529]}, {"key": "value-added-tax", "type": "clause", "offset": [2566, 2581]}, {"key": "in-relation-to", "type": "clause", "offset": [2587, 2601]}, {"key": "requested-by", "type": "definition", "offset": [2672, 2684]}, {"key": "the-party", "type": "clause", "offset": [2704, 2713]}, {"key": "details-of", "type": "clause", "offset": [2780, 2790]}, {"key": "vat-registration", "type": "definition", "offset": [2804, 2820]}, {"key": "other-information", "type": "clause", "offset": [2830, 2847]}, {"key": "in-connection-with", "type": "clause", "offset": [2872, 2890]}, {"key": "reporting-requirements", "type": "clause", "offset": [2915, 2937]}, {"key": "integral-part", "type": "clause", "offset": [3018, 3031]}, {"key": "section-217", "type": "definition", "offset": [3035, 3047]}], "hash": "8ec8560a473f6d19be56e0693efeaec3", "id": 4}, {"size": 45, "snippet": "Except for the Purchase Price, or where expressly set out to the contrary, all other amounts payable by the Purchaser are described as excluding VAT and the Purchaser shall where applicable pay such amounts plus VAT calculated at the rate then applicable, to the Seller or any other party to whom such payment is due.", "samples": [{"hash": "4J4RYKbDYfk", "uri": "/contracts/4J4RYKbDYfk#vat", "label": "Agreement of Sale", "score": 33.772441864, "published": true}, {"hash": "2ZfZ13k5rj9", "uri": "/contracts/2ZfZ13k5rj9#vat", "label": "Agreement of Sale", "score": 32.8291816711, "published": true}, {"hash": "gK8bPXEf8eJ", "uri": "/contracts/gK8bPXEf8eJ#vat", "label": "Agreement of Sale", "score": 32.6950492859, "published": true}], "snippet_links": [{"key": "the-purchase-price", "type": "clause", "offset": [11, 29]}, {"key": "set-out", "type": "definition", "offset": [50, 57]}, {"key": "amounts-payable-by-the-purchaser", "type": "clause", "offset": [85, 117]}, {"key": "the-purchaser-shall", "type": "clause", "offset": [153, 172]}, {"key": "where-applicable", "type": "clause", "offset": [173, 189]}, {"key": "the-rate", "type": "definition", "offset": [230, 238]}, {"key": "to-the-seller", "type": "definition", "offset": [256, 269]}, {"key": "other-party", "type": "clause", "offset": [277, 288]}, {"key": "payment-is-due", "type": "clause", "offset": [302, 316]}], "hash": "a244ff8b16c39929d1424afad8dfddf4", "id": 6}, {"size": 38, "snippet": "(i) All amounts expressed to be payable under a Notes Document by any party to the Administrative Agent, a Holder which (in whole or in part) constitute the consideration for any supply for VAT purposes are deemed to be exclusive of any VAT which is chargeable on that supply and, accordingly, subject to Section 2.17(p)(ii) below, if VAT is or becomes chargeable on any supply made by the Administrative Agent, the relevant a Holder to any party under a Notes Document and the Administrative Agent, the relevant Holder is required to account to the relevant tax authority for the VAT, that party must pay to the Administrative Agent or the relevant Holder (as applicable and in addition to and at the same time as paying any other consideration for such supply) an amount equal to the amount of the VAT (and the Administrative Agent or the relevant Holder must promptly provide an appropriate VAT invoice to that party).\n(ii) If VAT is or becomes chargeable on any supply made by the Administrative Agent or a Holder (the \u201cSupplier\u201d) to any of the Administrative Agent or a Holder (the \u201cRecipient\u201d) under a Notes Document, and any party (the \u201cRelevant Party\u201d) is required by the terms of any Notes Document to pay an amount equal to the consideration for that supply to the Supplier (rather than being required to reimburse or indemnify the Recipient in respect of that consideration):\n(A) (where the Supplier is the person required to account to the relevant tax authority for the VAT) the Relevant Party must also pay to the Supplier (at the same time as paying that amount) an additional amount equal to the amount of the VAT. The Recipient must (where this Section 2.17(p)(ii)(A) applies) promptly pay to the Relevant Party an amount equal to any credit or repayment the Recipient receives from the relevant tax authority which the Recipient reasonably determines relates to the VAT chargeable on that supply; and\n(B) (where the Recipient is the person required to account to the relevant tax authority for the VAT) the Relevant Party must promptly, following demand from the Recipient, pay to the Recipient an amount equal to the VAT chargeable on that supply but only to the extent that the Recipient reasonably determines that it is not entitled to credit or repayment from the relevant tax authority in respect of that VAT.\n(iii) Where a Notes Document requires a party to reimburse or indemnify the Administrative Agent or a Holder for any cost or expense, that party shall reimburse or indemnify (as the case may be) the Administrative Agent, the relevant Holder for the full amount of such cost or expense, including such part thereof as represents VAT, save to the extent that the Administrative Agent or the relevant Holder reasonably determines that it is entitled to credit or repayment in respect of such VAT from the relevant tax authority.\n(iv) Any reference in this Section 2.17(p) to any party shall, at any time when such party is treated as a member of a group for VAT purposes, include (where appropriate and unless the context otherwise requires) a reference to the person who is treated as making the supply or (as appropriate) receiving the supply under the grouping rules (as provided for in Article 11 of the Council Directive 2006/112/EC (or as implemented by the relevant member state of the European Union or any other similar provision in any jurisdiction which is not a member state of the European Union) so that a reference to a party shall be construed as a reference to that party or the relevant group or unity (or fiscal unity) of which that party is a member for VAT purposes at the relevant time or the relevant representative member (or head) of that group or unity (or fiscal unity) at the relevant time (as the case may be).\n(v) In relation to any supply made by the Administrative Agent or a Holder to any party under a Notes Document, if reasonably requested by the Administrative Agent or the relevant Holder (as applicable), that party must promptly provide the Administrative Agent or the relevant Holder with details of that party\u2019s VAT registration and such other information as is reasonably requested in connection with the Administrative Agent\u2019s or the relevant Holder\u2019s VAT reporting requirements in relation to such supply.", "samples": [{"hash": "7yAtuPFRf1U", "uri": "/contracts/7yAtuPFRf1U#vat", "label": "Note Purchase Agreement (Indivior Pharmaceuticals, Inc.)", "score": 37.068447113, "published": true}, {"hash": "67XV9RSUVoX", "uri": "/contracts/67XV9RSUVoX#vat", "label": "Note Purchase Agreement (Indivior Pharmaceuticals, Inc.)", "score": 37.068447113, "published": true}, {"hash": "cJmrxgB0veB", "uri": "/contracts/cJmrxgB0veB#vat", "label": "Note Purchase Agreement (Indivior PLC)", "score": 35.8528404236, "published": true}], "snippet_links": [{"key": "notes-document", "type": "definition", "offset": [48, 62]}, {"key": "by-any-party", "type": "clause", "offset": [63, 75]}, {"key": "a-holder", "type": "definition", "offset": [105, 113]}, {"key": "the-consideration", "type": "clause", "offset": [153, 170]}, {"key": "subject-to-section", "type": "clause", "offset": [294, 312]}, {"key": "relevant-holder", "type": "definition", "offset": [504, 519]}, {"key": "to-account", "type": "definition", "offset": [532, 542]}, {"key": "relevant-tax-authority", "type": "definition", "offset": [550, 572]}, {"key": "pay-to", "type": "definition", "offset": [602, 608]}, {"key": "in-addition-to", "type": "clause", "offset": [676, 690]}, {"key": "other-consideration", "type": "clause", "offset": [726, 745]}, {"key": "equal-to", "type": "definition", "offset": [773, 781]}, {"key": "promptly-provide", "type": "clause", "offset": [862, 878]}, {"key": "an-appropriate", "type": "clause", "offset": [879, 893]}, {"key": "invoice-to", "type": "clause", "offset": [898, 908]}, {"key": "required-by", "type": "definition", "offset": [1164, 1175]}, {"key": "terms-of", "type": "definition", "offset": [1180, 1188]}, {"key": "to-pay", "type": "clause", "offset": [1208, 1214]}, {"key": "to-the-supplier", "type": "clause", "offset": [1268, 1283]}, {"key": "to-reimburse", "type": "definition", "offset": [1312, 1324]}, {"key": "in-respect-of", "type": "definition", "offset": [1352, 1365]}, {"key": "where-the-supplier", "type": "clause", "offset": [1392, 1410]}, {"key": "the-relevant-party-must", "type": "clause", "offset": [1488, 1511]}, {"key": "additional-amount", "type": "clause", "offset": [1581, 1598]}, {"key": "the-recipient-must", "type": "clause", "offset": [1631, 1649]}, {"key": "relates-to", "type": "definition", "offset": [1869, 1879]}, {"key": "where-the-recipient", "type": "clause", "offset": [1924, 1943]}, {"key": "to-the-recipient", "type": "definition", "offset": [2096, 2112]}, {"key": "to-the-extent", "type": "clause", "offset": [2175, 2188]}, {"key": "not-entitled", "type": "definition", "offset": [2241, 2253]}, {"key": "the-case", "type": "definition", "offset": [2511, 2519]}, {"key": "at-any-time", "type": "clause", "offset": [2922, 2933]}, {"key": "such-party", "type": "clause", "offset": [2939, 2949]}, {"key": "a-member-of", "type": "clause", "offset": [2964, 2975]}, {"key": "where-appropriate", "type": "clause", "offset": [3011, 3028]}, {"key": "the-context", "type": "clause", "offset": [3040, 3051]}, {"key": "article-11", "type": "definition", "offset": [3220, 3230]}, {"key": "council-directive", "type": "definition", "offset": [3238, 3255]}, {"key": "member-state-of-the-european-union", "type": "definition", "offset": [3303, 3337]}, {"key": "any-jurisdiction", "type": "definition", "offset": [3372, 3388]}, {"key": "reference-to-a-party", "type": "clause", "offset": [3450, 3470]}, {"key": "as-a-reference", "type": "definition", "offset": [3490, 3504]}, {"key": "relevant-group", "type": "definition", "offset": [3526, 3540]}, {"key": "fiscal-unity", "type": "definition", "offset": [3554, 3566]}, {"key": "relevant-time", "type": "definition", "offset": [3624, 3637]}, {"key": "representative-member", "type": "definition", "offset": [3654, 3675]}, {"key": "in-relation-to", "type": "clause", "offset": [3774, 3788]}, {"key": "requested-by", "type": "definition", "offset": [3896, 3908]}, {"key": "provide-the-administrative-agent", "type": "clause", "offset": [3999, 4031]}, {"key": "details-of", "type": "clause", "offset": [4060, 4070]}, {"key": "vat-registration", "type": "definition", "offset": [4084, 4100]}, {"key": "other-information", "type": "clause", "offset": [4110, 4127]}, {"key": "in-connection-with", "type": "clause", "offset": [4155, 4173]}, {"key": "reporting-requirements", "type": "clause", "offset": [4230, 4252]}], "hash": "c8047a1c490232762e17deddcec194d5", "id": 10}, {"size": 51, "snippet": "11.1 All sums payable by the Tenant are exclusive of any VAT that may be chargeable. The Tenant shall pay VAT in respect of all taxable supplies made to it in connection with this lease on the due date for making any payment or, if earlier, the date on which that supply is made for VAT purposes.\n11.2 Every obligation on the Tenant, under or in connection with this lease, to pay the Landlord or any other person any sum by way of a refund or indemnity, shall include an obligation to pay an amount equal to any VAT incurred on that sum by the Landlord or other person, except to the extent that the Landlord or other person obtains credit for such VAT under the Value Added Tax \u2587\u2587\u2587 \u2587\u2587\u2587\u2587.", "samples": [{"hash": "6rAGALNNGIU", "uri": "/contracts/6rAGALNNGIU#vat", "label": "Lease", "score": 31.3126792908, "published": true}, {"hash": "hADJkBnNbmN", "uri": "/contracts/hADJkBnNbmN#vat", "label": "Lease", "score": 29.3390369415, "published": true}, {"hash": "1npfIBY9UnX", "uri": "/contracts/1npfIBY9UnX#vat", "label": "Lease Agreement", "score": 27.7585601807, "published": true}], "snippet_links": [{"key": "all-sums-payable", "type": "clause", "offset": [5, 21]}, {"key": "by-the-tenant", "type": "clause", "offset": [22, 35]}, {"key": "the-tenant-shall", "type": "clause", "offset": [85, 101]}, {"key": "in-respect-of", "type": "definition", "offset": [110, 123]}, {"key": "taxable-supplies", "type": "clause", "offset": [128, 144]}, {"key": "in-connection-with", "type": "clause", "offset": [156, 174]}, {"key": "due-date", "type": "definition", "offset": [193, 201]}, {"key": "the-landlord", "type": "clause", "offset": [381, 393]}, {"key": "any-other-person", "type": "definition", "offset": [397, 413]}, {"key": "obligation-to-pay", "type": "clause", "offset": [472, 489]}, {"key": "equal-to", "type": "definition", "offset": [500, 508]}, {"key": "except-to-the-extent", "type": "clause", "offset": [571, 591]}, {"key": "value-added-tax", "type": "clause", "offset": [664, 679]}], "hash": "caf8d80dba7cbe530e668ef2f949286a", "id": 5}], "next_curs": "CkwSRmoVc35sYXdpbnNpZGVyY29udHJhY3RzcigLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2Igx2YXQjMDAwMDAwMGEMogECZW4YACAA", "clause": {"size": 5377, "parents": [["taxes", "Taxes"], ["payments-interest-and-vat", "Payments Interest and Vat"], ["tax-gross-up-and-indemnities", "Tax Gross Up and Indemnities"], ["fees", "Fees"], ["miscellaneous", "Miscellaneous"]], "title": "VAT", "children": [["payment-of-vat", "Payment of VAT"], ["reimbursement-of-vat", "Reimbursement of VAT"], ["", ""], ["vat-credit-note-to-be-issued-on-repayment", "VAT credit note to be issued on repayment"], ["vat-credit-note-to-be-issued", "VAT credit note to be issued"]], "id": "vat", "related": [["value-added-tax", "Value Added Tax", "Value Added Tax"], ["value-added-tax-vat", "Value Added Tax (VAT", "Value Added Tax (<strong>VAT</strong>"], ["value-added-taxes", "Value Added Taxes", "Value Added Taxes"], ["sales-taxes", "Sales Taxes", "Sales Taxes"], ["export-taxes", "Export Taxes", "Export Taxes"]], "related_snippets": [], "updated": "2026-05-17T04:23:05+00:00", "also_ask": ["How can VAT clauses be structured to minimize tax exposure for both parties?", "What are the essential elements that must be included in a VAT clause to ensure enforceability?", "What are the most common pitfalls or ambiguities in VAT clauses that could lead to disputes?", "How do VAT clause standards differ across key jurisdictions, and what are the implications?", "How have courts interpreted ambiguous or silent VAT clauses in recent case law?"], "drafting_tip": "Specify VAT treatment and responsibility to prevent disputes; reference applicable laws to ensure compliance; clarify payment timing to avoid cash flow issues.", "explanation": "The VAT clause defines how Value Added Tax (VAT) is handled in the context of the agreement. It typically specifies whether prices are inclusive or exclusive of VAT and clarifies the responsibility for charging, collecting, and remitting VAT to the relevant tax authorities. For example, it may state that the seller must add VAT to the invoice amount or that the buyer is responsible for any applicable VAT. This clause ensures both parties understand their tax obligations, preventing disputes over tax liabilities and ensuring compliance with tax regulations."}, "json": true, "cursor": ""}}