Common use of Payment of Tax Clause in Contracts

Payment of Tax. A Party receiving a payment pursuant to this Article 8 shall pay any and all taxes levied on such payment. If applicable Law requires that taxes be deducted and withheld from a payment made pursuant to this Article 8, the remitting Party shall (i) deduct those taxes from the payment; (ii) pay the taxes to the proper taxing authority; and (iii) send evidence of the obligation together with proof of payment to the other Party within sixty (60) days following that payment.

Appears in 2 contracts

Samples: Collaboration and License Agreement (Affymax Inc), Collaboration and License Agreement (Affymax Inc)

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Payment of Tax. A Party receiving a payment pursuant to this Article 8 shall pay any and all taxes levied on such payment. If applicable Law requires that taxes be deducted and withheld from a payment made pursuant to this Article 8, the remitting Party shall promptly notify the other Party and provide all relevant information available to it and (i) deduct those taxes from the payment; (ii) pay the taxes to the proper taxing authority; and (iii) send evidence of the obligation together with proof of payment to the other Party within sixty (60) days following that payment.

Appears in 2 contracts

Samples: Confidential Treatment (Tg Therapeutics, Inc.), Collaboration and License Agreement (Affymax Inc)

Payment of Tax. A Party party receiving a payment pursuant to this Article Section 8 shall pay any and all taxes levied on such payment. If applicable Law requires Applicable Laws require that taxes be deducted and withheld from a payment made pursuant to this Article Section 8, the remitting Party shall party shall: (i1) deduct those taxes from the payment; (ii2) pay the taxes to the proper taxing authority; and (iii3) send evidence of the obligation together with proof of payment to the other Party party within sixty (60) days [***] following that payment.

Appears in 2 contracts

Samples: Agreement (Finch Therapeutics Group, Inc.), Agreement (Finch Therapeutics Group, Inc.)

Payment of Tax. A Party receiving a payment pursuant to this Article 8 shall pay any and all taxes levied on such payment. If applicable Law requires that taxes be deducted and withheld from a payment made pursuant to this Article 8, the remitting Party shall (i) deduct those taxes from the payment; (ii) pay the taxes to the proper taxing authority; and (iii) send evidence of the obligation together with proof of payment to the other Party within sixty (60) days [*] following that payment.

Appears in 1 contract

Samples: Collaboration and License Agreement (Affymax Inc)

Payment of Tax. A Party receiving a payment pursuant to this Article 8 shall pay any and all taxes levied on such payment. If applicable Applicable Law requires that taxes be deducted and withheld from a payment made pursuant to this Article 8, the remitting Party shall shall: (i1) deduct those taxes from the payment; (ii2) pay the taxes to the proper taxing authority; and (iii3) send evidence of the obligation together with proof of payment to the other Party within sixty (60) days following that payment.

Appears in 1 contract

Samples: License and Option Agreement (Macrogenics Inc)

Payment of Tax. A Party receiving a payment pursuant to this Article 8 Agreement shall pay any and all taxes levied on such paymentpayment except as provided in this Section 9.8. If applicable Law Applicable Laws requires that taxes be deducted and withheld from a payment made pursuant to this Article 8Agreement, the remitting Party shall (ia) deduct those taxes from the payment; (iib) pay the taxes to the proper taxing authority; and (iiic) send evidence of the obligation together with proof of payment to the other Party within sixty (60) days [***] following that payment.

Appears in 1 contract

Samples: Exclusive License and Collaboration Agreement (Forty Seven, Inc.)

Payment of Tax. A Party receiving a payment pursuant to this Article 8 shall pay any and all taxes levied on such payment. If applicable Law requires that taxes be deducted and withheld from a payment made pursuant to this Article 8, the remitting Party shall promptly notify the other Party and provide all relevant information available to it and (i) deduct those taxes from the payment; (ii) pay the taxes to the proper taxing authority; and (iii) send evidence of the obligation together with proof of payment to the other Party within sixty (60* ( * ) days following that payment.

Appears in 1 contract

Samples: Confidential Treatment (Tg Therapeutics, Inc.)

Payment of Tax. A Party receiving a payment pursuant to this Article 8 9 shall pay any and all taxes levied on such payment. If applicable Law requires Laws require that taxes be deducted and withheld from a payment made pursuant to this Article 89, the remitting Party shall (i) deduct those taxes from the payment; (ii) pay the taxes to the proper taxing authority; and (iii) send evidence of the obligation together with proof of payment to the other Party within sixty (60) days following that payment.

Appears in 1 contract

Samples: Development and Commercialization Agreement (Clovis Oncology, Inc.)

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Payment of Tax. A Party receiving a payment pursuant to this Article 8 shall pay any and all taxes levied on such payment. If applicable Law requires Laws require that taxes be deducted and withheld from a payment made pursuant to this Article 8, the remitting Party shall (i) deduct those taxes from the payment; (ii) pay the taxes to the proper taxing authority; and (iii) send evidence of the obligation together with proof of payment to the other Party within sixty ninety (6090) days following that payment.

Appears in 1 contract

Samples: License, Development and Commercialization Agreement (Amag Pharmaceuticals Inc.)

Payment of Tax. A Party receiving a payment pursuant to this Article 8 shall pay any and all taxes levied on such payment. If applicable Law requires Laws require that taxes be deducted and withheld from a payment made pursuant to this Article 8, the remitting Party shall (i) deduct those taxes from the payment; (ii) pay the taxes to the proper taxing authority; and (iii) send evidence of the obligation together with proof of payment to the other Party within sixty (60) days following that payment.

Appears in 1 contract

Samples: Development and Commercialization (Cell Genesys Inc)

Payment of Tax. A Party receiving a payment pursuant to this Article 8 8, or otherwise deemed to receive a payment under this Agreement, shall pay any and all taxes levied on such payment or deemed payment. If applicable Law requires laws or regulations require that taxes be deducted and withheld from a payment made pursuant to this Article 8, the remitting Party shall (i) deduct those taxes from the payment; (ii) pay the taxes to the proper taxing authority; and (iii) send evidence of the obligation together with proof of payment to the other Party within sixty (60) days ************ following that payment.

Appears in 1 contract

Samples: Joint Development and Commercialization Agreement (GTC Biotherapeutics Inc)

Payment of Tax. A Party receiving a payment pursuant to this Section 5.4 or Article 8 9 shall pay any and all taxes levied on such payment. If applicable Applicable Law requires require that taxes be deducted and withheld from such a payment made pursuant to this Article 8payment, the remitting Party shall (i) deduct those taxes from the payment; (ii) pay the taxes to the proper taxing authority; and (iii) send evidence of the obligation together with proof of payment to the other Party within sixty (60) days following [redacted]following that payment.

Appears in 1 contract

Samples: License Agreement (Aurinia Pharmaceuticals Inc.)

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