Deduction or Withholding Clause Samples

Deduction or Withholding. 13.1 Subject to any contrary provisions in any of the other Liabilities Documents, all payments to be made to a party by another party under this Agreement or any other Liabilities Document shall be made in full except to the extent a deduction or withholding is permitted under clause 13.2. All such payments will be free and clear of any right of set-off and from any restriction, condition or deduction because of any counterclaim. 13.2 Where such a deduction or withholding is required in relation to a payment referred to in clause 13.1 in respect of Tax and is also required by law, the Licensee shall be permitted to make such deduction or withholding. 13.3 If a Licensee becomes or will become required by law to make any deduction or withholding under clause 13.2 or there is or will be any change in the requirement to make any such deduction or withholding, the Licensee will give notice to the Secretary of State of any such requirement or change in requirement as soon as the Licensee becomes aware of it. 13.4 (A) If, notwithstanding clause 2.8 and the foregoing provisions of this clause 13 (Deduction or Withholding), any mandatory set-off in administration, winding-up or other insolvency of a Licensee (including a set-off under Rule 2.85 or Rule 4.90 of the Insolvency Rules 1986) (a “Mandatory Set-off”) would arise in respect of any amount that would, but for this clause 13 (Deduction or Withholding), be owed by the Secretary of State (the “Recipient”) to the Licensee under any of the Liabilities Documents (the “Recipient Payment”) against any amount that would, but for this clause 13 (Deduction or Withholding), be owed by the Licensee to the Recipient on any account and that would, but for this clause 13 (Deduction or Withholding), be subject to the Mandatory Set-off (the “Licensee Payment”), then the provisions of paragraph (B) shall apply.

Deduction or Withholding. If a Client is compelled by law to make any deduction or withholding from any sum payable to FGI under this Deed, it shall immediately pay to FGI such additional amount as shall be required to ensure that FGI shall receive in aggregate the amount it would have received but for such deduction or withholding.

Deduction or Withholding. 20.4.1 If the Seller is required by Applicable Laws to make a deduction or withholding in respect of any sum payable under this Agreement, the Seller shall pay to the Purchaser such additional amounts as are necessary to ensure receipt by the Purchaser of the full amount which would have been received but for the deduction or withholding. 20.4.2 If the Purchaser is required by Applicable Laws to make a deduction or withholding in respect of any sum payable under this Agreement, the Purchaser shall pay to the Seller such additional amounts as are necessary to ensure receipt by the Purchaser of the full amount which would have been received but for the deduction of the withholding.

Deduction or Withholding. If Borrower should make any deduction or withholding as aforesaid, Borrower shall within 60 days thereafter forward to such Bank Party an official receipt or other official document evidencing payment of such deduction or withholding. (c) If Borrower is ever required to pay any Reimbursable Tax with respect to any Eurodollar Loan, Borrower may elect, by giving to Agent and such Bank Party not less than three Business Days' notice, to convert all (but not less than all) of any such Eurodollar Loan into a Base Rate Loan, but such election shall not diminish Borrower's obligation to pay all Reimbursable Taxes. (d) Notwithstanding the foregoing provisions of this section, Borrower shall be entitled, to the extent it is required to do so by Law, to deduct or withhold (and not to make any indemnification or reimbursement for) income or other similar taxes imposed by the United States of America (other than any portion thereof attributable to a change in federal income tax Laws effected after the date hereof) from interest, fees or other amounts payable hereunder for the account of any Bank Party, other than a Bank Party (i) who is a U.S. person for Federal income tax purposes or (ii) who has the Prescribed Forms on file with Agent (with copies provided to Borrower) for the applicable year to the extent deduction or withholding of such taxes is not required as a result of the filing of such Prescribed Forms, provided that if Borrower shall so deduct or withhold any such taxes, it shall provide a statement to Agent and such Bank Party, setting forth the amount of such taxes so deducted or withheld, the applicable rate and any other information or documentation which such Bank Party may reasonably request for assisting such Bank Party to obtain any allowable credits or deductions for the taxes so deducted or withheld in the jurisdiction or jurisdictions in which such Bank Party is subject to tax. As used in this section, "Prescribed Forms" means such duly executed forms or statements, and in such number of copies, which may, from time to time, be prescribed by Law and which, pursuant to applicable provisions of (x) an income tax treaty between the United States and the country of residence of the Bank Party providing the forms or statements, (y) the Internal Revenue Code of 1986, as amended from time to time, or (z) any applicable rules or regulations thereunder, permit Borrower to make payments hereunder for the account of such Bank Party free of such deduction or...

Deduction or Withholding. If the Issuer determines in its sole discretion that it will be required to withhold or deduct for or on account of any Tax required by Applicable Law in connection with any payment due on the Notes, then the Issuer will be entitled to re-direct or reorganise any such payment in any way that it sees fit in order that the payment may be made without such deduction or withholding provided that any such re-direction or re-organisation of any payment is made through a recognised institution of international standing and such payment is made in accordance this Agreement, the Trust Deed and the Conditions. The Issuer will promptly notify the Principal Paying Agent of any such redirection or reorganisation. For the avoidance of doubt, FATCA Withholding is a deduction or withholding which is deemed to be required by Applicable Law for the purposes of this Clause 5.14.

Deduction or Withholding. ‌ If the Guarantor is required by Law to deduct or withhold Taxes from a payment to TfNSW in connection with this deed, it must: (a) make that deduction or withholding (and any further deductions or withholdings contemplated by clause 4.4), pay to the appropriate Governmental Agency an amount equal to the full amount deducted and/or withheld as required by law and give TfNSW the original receipt for the payment; and (b) unless the Tax is an Excluded Tax, pay additional amounts to TfNSW which will result in TfNSW receiving at the time the payment is due (after deduction or withholding of any Taxes in respect of any additional amount) the full amount which TfNSW would have received if no deduction or withholding had been required.

Deduction or Withholding. All payments made by Client to Velocity Global under this Agreement will be made free and clear of any deduction or withholding, as may be required by Applicable Laws. If any such deduction or withholding (including but not limited to cross-border withholding taxes) is required on any payment, Client shall pay the additional amount needed for the net amount received by Velocity Global to equal the amount due and payable under the applicable invoice.

Deduction or Withholding. Under the laws of England in force at the date hereof, it will not be required to make any deduction or withholding from any payment it may make hereunder.

Deduction or Withholding. (a) All payments by Qualitas under this document will be made net of any deduction or withholding required to be made from such payments by any law, regulation or practice. If any such deduction or withholding is required to be made, Qualitas must: (i) make that deduction or withholding and pay to the appropriate Public Authority an amount equal to the full amount deducted and/or withheld as required; and‌ (ii) give you the original receipt (or copy thereof certified by an Authorised Representative of Qualitas) for the payment. You bear the risk of such deduction or withholding and the obligation of Qualitas to pay an amount net of such deduction or withholding and to17 Notices‌‌‌‌‌‌