Examples of Project Participant in a sentence
In the event that the Host Government is unable to secure the compliance with this Agreement of any other body having the lawful authority to levy Taxes in the State (“a Defaulting Authority”), any Project Participant shall have the right to offset any amount required to be paid to a Defaulting Authority in contravention of the provisions of this Agreement against any amounts due to the Host Government.
With respect to any Activities that are not related to Project Activities, no account shall be taken of such Activities in determining whether a Permanent Establishment of a Project Participant exists.
This provision is without prejudice to any other remedy available to such a Project Participant under this Agreement.
No Taxes (including any import Taxes) shall be imposed on or with respect to any contribution of assets or any loan to or by any Interest Holder or any payment or other transfer to any Project Participant in connection with the Project.
Moreover, any Project Participant that is not entitled to the benefits of such a treaty shall be entitled to the benefits that would have been available if a treaty equivalent to the Organisation for Economic Cooperation and Development Model Tax Convention on Income and Capital were applicable.