VAT definition
Examples of VAT in a sentence
Lessee will pay to Lessor or the relevant tax authority (as applicable) the amount of any VAT chargeable in respect of any supply for VAT purposes under such Transaction Document.
Where SpinCo is obligated under this Agreement to reimburse Service Provider for any fee, cost, charge or expense, the amount which SpinCo is required to pay in respect of such matter shall include any VAT incurred by Service Provider (or any member of a group to which Service Provider belongs for VAT purposes).
Each amount stated as payable under any Transaction Document is exclusive of VAT (if any) and is accordingly to be construed as a reference to that amount plus any VAT in respect of it.
Lessee shall provide evidence to the Lessor in respect of payment of any such VAT.
In the event that the competent fiscal authorities are of a different opinion, then the Purchase Price shall be net of VAT, i.e. shall not include VAT.