Common use of Change in Tax Clause in Contracts

Change in Tax. If a Change in Tax occurs then (unless such Change in Tax was foreseeable with reasonable certainty by reason of written material circulated or published by a relevant Governmental Authority as at the Effective Date), the Operator shall, without requiring the consent of the User, adjust the Service Charge from time to time (upwards or downwards, as applicable) to the extent necessary to ensure that the Operator is in no better and no worse a financial position than it would have been had such Change in Tax not occurred.

Appears in 2 contracts

Sources: Terminal User Agreement, Terminal User Agreement

Change in Tax. β€Œ If a Change in Tax occurs then (unless such Change in Tax was foreseeable with reasonable certainty by reason of written material circulated or published by a relevant Governmental Authority as at the Effective Date), the Operator shall, without requiring the consent of the User, adjust the Service Charge from time to time (upwards or downwards, as applicable) to the extent necessary to ensure that the Operator is in no better and no worse a financial position than it would have been had such Change in Tax not occurred.

Appears in 1 contract

Sources: Terminal Use Agreement