Taxes Payable. 7.1 The Corporation agrees to reimburse the Indemnified Party for the net amount of all taxes payable by the Indemnified Party under the taxing laws of any jurisdiction as a result of the payment or reimbursement or Advance under this Agreement, including this clause, constituting a taxable benefit to the Indemnified Party.
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Samples: Indemnity Agreement (NXT Energy Solutions Inc.), Indemnity Agreement (Oilsands Quest Inc), Indemnity Agreement (NXT Energy Solutions Inc.)
Taxes Payable. 7.1 The Corporation agrees to reimburse the Indemnified Party for the net amount of all taxes tax payable by the Indemnified Party under the taxing laws of any jurisdiction as provided that such net taxes payable are directly a result of the payment or reimbursement or Advance of the Costs, Charges and Expenses under this Agreement, including this clause, constituting a taxable benefit to the Indemnified Party.
Appears in 2 contracts
Samples: Indemnity Agreement (Modern Mining Technology Corp.), Indemnity Agreement (Akanda Corp.)
Taxes Payable. 7.1 The Corporation agrees to reimburse the Indemnified Party for the net amount of all taxes tax payable by the Indemnified Party under the taxing laws of any jurisdiction as provided that such net taxes payable are directly a result of the payment or reimbursement or Advance of expenses under this Agreement, including this clauseSection 12, constituting a taxable benefit to the Indemnified Party.
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Taxes Payable. 7.1 The Corporation agrees to reimburse the Indemnified Party for the net amount of all taxes tax payable by the Indemnified Party under the taxing laws of any jurisdiction as provided that such net taxes payable are directly a result of the payment or reimbursement or Advance to the Indemnified Party of expenses under this Agreement, including this clauseSection 13, constituting a taxable benefit to the Indemnified Party.
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