Net HST definition
Examples of Net HST in a sentence
This can also be stated as (and with the Purchaser acknowledging and agreeing to) the HST being applicable to this Agreement being calculated on the basis of the Purchase Price less the Net HST.
The Purchase Price set out above includes the Goods and Services Tax and the Harmonized Sales Tax (“HST”) payable pursuant to the Excise Tax Act (Canada) and the applicable laws governing the Harmonized Sales Tax (the “HST Legislation”) net of Rebates as provided for in this Agreement, being herein defined as the Net HST, and the Purchase Price has been established on the basis that the Rebate or Rebates, as applicable, will be assigned to the Vendor, in addition to such Purchase Price.
In consideration of the Purchase Price being inclusive of the Net HST, the Purchaser hereby irrevocably assigns to and in favour of the Vendor any and all rights the Purchaser may have to any refunds, credits, rebates or the like (the “Rebates”) available with respect to the within transaction of purchase and sale pursuant to the HST Legislation.