Common use of Payer Tax Representation Clause in Contracts

Payer Tax Representation. For the purpose of Section 3(e) of this Agreement, the Counterparty hereby makes the following representation: It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Section 2(e), 6(d)(ii) or 6(e)) to be made by it to Morg▇▇ ▇▇▇er this Agreement. In making this representation, it may rely on: (a) the accuracy of any representation made by Morg▇▇ pursuant to Section 3(f); (b) the satisfaction of the agreement of Morg▇▇ contained in Section 4(a)(i) or 4(a)(iii) and the accuracy and effectiveness of any document provided by Morg▇▇ ▇▇▇suant to Section 4(a)(i) or 4(a)(iii); and (c) the satisfaction of the agreement of Morg▇▇ contained in Section 4(d), provided that it shall not be a breach of this representation where reliance is placed on clause (b) and Morg▇▇ ▇▇▇s not deliver a form or document under Section 4(a)(iii) by reason of material prejudice to its legal or commercial position.

Appears in 1 contract

Sources: Master Agreement (PNC Student Loan Trust I)

Payer Tax Representation. For the purpose of Section 3(e) of this Agreement, the Counterparty Deutsche Bank hereby makes the following representation: : (i) It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Section 2(e), 6(d)(ii) or 6(e)) to be made by it to Morg▇▇ ▇▇▇er the Counterparty under this Agreement. In making this representation, it may rely on: (a) the accuracy of any representation representations made by Morg▇▇ the Counterparty pursuant to Section 3(f); (b) the satisfaction of the agreement of Morg▇▇ the Counterparty contained in Section 4(a)(i) or 4(a)(iii) and the accuracy and effectiveness of any document provided by Morg▇▇ ▇▇▇suant the Counterparty pursuant to Section 4(a)(i) or 4(a)(iii); and (c) the satisfaction of the agreement of Morg▇▇ the Counterparty contained in Section 4(d), provided that it shall not be a breach of this representation where reliance is placed on clause (b) and Morg▇▇ ▇▇▇s the Counterparty does not deliver a form or document under Section 4(a)(iii) by reason of material prejudice to its legal or commercial position.

Appears in 1 contract

Sources: Master Agreement (PNC Student Loan Trust I)

Payer Tax Representation. For the purpose of Section 3(e) of this Agreement, the Counterparty hereby Morg▇▇ ▇▇▇eby makes the following representation: : (i) It is not required by any applicable law, as modified by the practice of any relevant governmental revenue authority, of any Relevant Jurisdiction to make any deduction or withholding for or on account of any Tax from any payment (other than interest under Section 2(e), 6(d)(ii) or 6(e)) to be made by it to Morg▇▇ ▇▇▇er the Counterparty under this Agreement. In making this representation, it may rely on: (a) the accuracy of any representation representations made by Morg▇▇ the Counterparty pursuant to Section 3(f); (b) the satisfaction of the agreement of Morg▇▇ the Counterparty contained in Section 4(a)(i) or 4(a)(iii) and the accuracy and effectiveness of any document provided by Morg▇▇ ▇▇▇suant the Counterparty pursuant to Section 4(a)(i) or 4(a)(iii); and (c) the satisfaction of the agreement of Morg▇▇ the Counterparty contained in Section 4(d), provided that it shall not be a breach of this representation where reliance is placed on clause (b) and Morg▇▇ ▇▇▇s the Counterparty does not deliver a form or document under Section 4(a)(iii) by reason of material prejudice to its legal or commercial position.

Appears in 1 contract

Sources: Master Agreement (PNC Student Loan Trust I)