Clause 23. 11.3 shall not apply: (i) to Taxation attributable to a payment being properly treated as an adjustment to the consideration for the Shares under the terms of this Agreement; or (ii) if and to the extent that the amount of the indemnity, compensation or reimbursement payment has already been adjusted to take account of the Taxation that will or would be charged on receipt or Relief that is or will be available in respect of the matter giving rise to the payment.
Appears in 2 contracts
Sources: Sale and Purchase Agreement, Sale and Purchase Agreement