IETA Wikitext: Difference between revisions

1,966 bytes removed ,  12 July 2023
no edit summary
No edit summary
No edit summary
Line 25: Line 25:




{{ietaprov|10}} Euros<br>
 
{{ietaprov|10.1}} Payment in Euros. Each payment under this {{ietaprov|Agreement}} will be made in Euros. To the extent permitted by applicable law, any obligation to make payments under this {{ietaprov|Agreement}} in Euros will not be discharged or satisfied by any tender in any currency other than Euros, except to the extent such tender results in the actual receipt by the Party to which payment is owed, acting in good faith and using commercially reasonable procedures in converting the currency so tendered into Euros, of the full amount in Euros of all amounts payable in respect of this {{ietaprov|Agreement}}. If for any reason the amount in Euros so received falls short of the amount in Euros payable in respect of this {{ietaprov|Agreement}}, the Party required to make the payment will, to the extent permitted by applicable law, immediately pay such additional amount in Euros as may be necessary to compensate for the {{ietaprov|Shortfall}}. If for any reason the amount in Euros so received exceeds the amount in Euros payable in respect of this {{ietaprov|Agreement}}, the Party receiving the payment will refund promptly the amount of such excess.<br>
{{ietaprov|10.2}} Separate Indemnities. To the extent permitted by applicable law, the indemnities in this Clause {{ietaprov|10}} constitute separate and independent obligations from the other obligations in this {{ietaprov|Agreement}}, will be enforceable as separate and independent causes of action, will apply notwithstanding any indulgence granted by the Party to which any payment is owed and will not be affected by judgment being obtained or claim or proof being made for any other sums payable in respect of this {{ietaprov|Agreement}}.<br>
{{ietaprov|10.3}} Evidence of Loss. For the purposes of this Clause {{ietaprov|10}}, it will be sufficient for a Party to demonstrate that it would have suffered a loss had an actual exchange or purchase been made.<br>
{{ietaprov|11}} Taxes<br>
{{ietaprov|11}} Taxes<br>
{{ietaprov|11.1}} {{ietaprov|Value Added Tax}}es. All amounts referred to in this {{ietaprov|Agreement}} are exclusive of any applicable {{ietaprov|VAT}} chargeable on the supply or supplies for which such amounts form the whole or part of the consideration for {{ietaprov|VAT}} purposes. The {{ietaprov|VAT}} treatment of any {{ietaprov|Transfer}} under a {{ietaprov|Transaction}} shall be determined pursuant to the {{ietaprov|VAT}} law of the jurisdiction where a taxable transaction for {{ietaprov|VAT}} purposes is deemed to take place. If {{ietaprov|VAT}} is properly chargeable on any such supply or supplies, the {{ietaprov|Receiving Party}} shall pay to the {{ietaprov|Delivering Party}} an amount equal to the {{ietaprov|VAT}}, if any, chargeable in the {{ietaprov|Delivering Party}}’s jurisdiction; provided, however, that:<br>
{{ietaprov|11.1}} {{ietaprov|Value Added Tax}}es. All amounts referred to in this {{ietaprov|Agreement}} are exclusive of any applicable {{ietaprov|VAT}} chargeable on the supply or supplies for which such amounts form the whole or part of the consideration for {{ietaprov|VAT}} purposes. The {{ietaprov|VAT}} treatment of any {{ietaprov|Transfer}} under a {{ietaprov|Transaction}} shall be determined pursuant to the {{ietaprov|VAT}} law of the jurisdiction where a taxable transaction for {{ietaprov|VAT}} purposes is deemed to take place. If {{ietaprov|VAT}} is properly chargeable on any such supply or supplies, the {{ietaprov|Receiving Party}} shall pay to the {{ietaprov|Delivering Party}} an amount equal to the {{ietaprov|VAT}}, if any, chargeable in the {{ietaprov|Delivering Party}}’s jurisdiction; provided, however, that:<br>