Common use of Additional Amounts Clause in Contracts

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 6 contracts

Sources: Indenture (Carnival PLC), Indenture (Carnival PLC), Indenture (Carnival PLC)

Additional Amounts. (a) All payments made by or of principal of, premium, if any, and interest on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any and all payments under the Note Guarantee shall Guarantees will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding taxes, duties, assessments or deduction governmental charges of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes whatever (“Taxes”) nature imposed or levied by or on behalf of (1) within any jurisdiction (other than the United States) in which the Issuer Company or any applicable Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes (or any political subdivision or taxing authority thereof or therein therein) or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer Company or any Guarantor (including, without limitation, including the jurisdiction of any Paying Agent) (or any political subdivision or taxing authority thereof or therein therein) (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantoreach, as applicable, shall a “Relevant Jurisdiction”), unless such withholding or deduction is required by law or by regulation or governmental policy having the force of law. In such event, the Company or the applicable Guarantor, as the case may be, will make such deduction or withholding, make payment of the amount so withheld to the appropriate governmental authority and will pay such additional amounts (the “Additional Amounts”) as may be necessary will result in order that receipt by the net amounts received and retained in respect Holder of such payments amounts as would have been received by each beneficial owner of Notes after such holder had no such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; providedrequired, however, provided that no Additional Amounts shall will be payable with respect tofor or on account of: (1) any Taxestax, to the extent such Taxes duty, assessment or other governmental charge that would not have been imposed but for for: (A) the holder existence of any present or former connection between the Holder or beneficial owner of such Note or Note Guarantee, as the Notes (case may be, and the Relevant Jurisdiction including, without limitation, such holder or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) beneficial owner being or having been a citizen or resident of such Relevant Jurisdiction or national of, treated as a resident thereof or incorporated, being or having been physically present or engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction therein or having or having had any other present or former connection with the relevant Tax Jurisdictiona permanent establishment therein, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under merely holding such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note thereunder or a under the Note Guarantee; (2B) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a such Note for payment (where presentation is required) more than 30 thirty (30) days after the relevant later of the date on which the payment is first made available for payment of the principal of, premium, if any, or interest on, such Note became due and payable pursuant to the holder (terms thereof or was made or duly provided for, except to the extent that the holder thereof would have been entitled to such Additional Amounts if it had the presented such Note been presented for payment on the last day of any date within such 30 30-day period); (3C) the failure of the holder or beneficial owner to comply with a timely request of the Company or any Guarantor addressed to the holder or beneficial owner, as the case may be, to provide information concerning such holder’s or beneficial owner’s nationality, residence, identity or connection with any Relevant Jurisdiction, if and to the extent that due and timely compliance with such request would have reduced or eliminated any withholding or deduction as to which Additional Amounts would have otherwise been payable to such holder; or (D) the presentation of such Note (where presentation is required) for payment in the Relevant Jurisdiction, unless such Note could not have been presented for payment elsewhere; (2) any estate, inheritance, gift, sale, transfer, excise or personal property or similar Taxestax, assessment or other governmental charge; (3) any tax, duty, assessment or other governmental charge which is payable other than (i) by deduction or withholding from payments of principal of or interest on the Note or payments under the Note Guarantees, or (ii) by direct payment by the Company or applicable Guarantor in respect of claims made against the Company or the applicable Guarantor; (4) any Taxes payable other than by deduction tax arising pursuant to Sections 1471 – 1474 of the U.S. Internal Revenue Code, any agreement entered pursuant thereto, any U.S. or withholding from payments undernon-U.S. law enacted in connection with an intergovernmental agreement related thereto, or with respect toany rules, regulations, or administrative guidance of any kind relating to any of the Notes or any Note Guarantee;foregoing; or (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure combination of the holder or beneficial owner of the Notestaxes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposedduties, to comply with any certification, identification, information assessments or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition governmental charges referred to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction preceding clauses (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction1), but in each case(2), only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation;(3) and (4); or (6b) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by of the Issuer principal of, or premium, if any, or interest on, such Note or any of payment under any Note Guarantee to such holder, if the Guarantors to the holder of the Notes if such holder is a fiduciary or fiduciary, partnership or any person other than the sole beneficial owner of such any payment to the extent that such Taxes payment would be required to be included in the income under the laws of a Relevant Jurisdiction, for tax purposes, of a beneficiary or settlor with respect to the fiduciary, or a member of that partnership or a beneficial owner who would not have been imposed on entitled to such payments Additional Amounts had such holder that beneficiary, settlor, partner, or beneficial owner been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations holder thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer Company and the Guarantors shall will also pay and indemnify the holder of a Note for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax other reasonable expenses related thereto) which are levied by any jurisdiction Relevant Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document or instrument referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable . The Company and the amount estimated Guarantors will use all reasonable efforts to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee obtain certified copies of tax receipts evidencing the payment of Additional Amountsany taxes so deducted or withheld from each Relevant Jurisdiction imposing such taxes, in such form as provided in the ordinary course by the Relevant Jurisdiction and as is reasonably available to the Company, and will provide such certified copies to the Trustees and the Paying Agent. Such copies shall be made available to the Holders upon request and will be made available at the offices of the Paying Agent. The Trustee shall be entitled Company or the Guarantor, as applicable, will attach to rely absolutely on an Officer’s Certificate as conclusive proof each certified copy a certificate stating (x) that the amount of withholding taxes evidenced by the certified copy was paid in connection with payments in respect of the principal amount of Notes then outstanding and (y) the amount of such payments are necessarywithholding taxes paid per $1,000 principal amount of the Notes. (c) The Issuer or the relevant Guarantor, if it Whenever there is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority mentioned in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing any context the payment of principal of, and any Taxes so deducted premium or withheld. The Issuer interest, on any Note or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or under any Note Guarantee, such mention shall will be deemed to include mention of the payment of Additional Amounts provided for in this Indenture to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 6 contracts

Sources: Indenture (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Indenture (STUDIO CITY INTERNATIONAL HOLDINGS LTD), Indenture (STUDIO CITY INTERNATIONAL HOLDINGS LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will shall equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this the Indenture or the Notes this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The preceding obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 6 contracts

Sources: Indenture (Carnival PLC), Indenture (Carnival PLC), Indenture (Carnival PLC)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) Issuers under or with respect to the Notes or any Note Guarantor with respect to any Guarantee shall of the Notes will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of for, or on account of, such Taxes is then required by lawlaw or by the interpretation or administration thereof. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the any Issuer or any Guarantor is then incorporated or was incorporatedorganized, engaged in business, organized business for tax purposes or otherwise resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the any Issuer or any Guarantor (including, without limitation, including the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2)each, a “Tax Jurisdiction”) in respect of will at any time be required to be made from any payments made by or on behalf of the Issuers under or with respect to the Notes or any Note GuaranteeGuarantor under or with respect to any Guarantee of the Notes, including, without limitation, including payments of principal, redemption price, purchase price, interest or premium, the Issuer Issuers or the relevant Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such deduction or withholding (including any such withholding or deduction from such Additional Amounts) will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 5 contracts

Sources: Nineteenth Supplemental Indenture (MPT Operating Partnership, L.P.), Seventeenth Supplemental Indenture (MPT Operating Partnership, L.P.), Eighteenth Supplemental Indenture (MPT Operating Partnership, L.P.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) Guarantor under or with respect to the Notes or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, for or on account of, any present or future Taxes unless the withholding tax, duty, levy, impost, assessment or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes governmental charge imposed or levied by or on behalf of any United States taxing authority (1) any jurisdiction (other than the hereinafter “United States) in which the Issuer or States Taxes”), unless any Guarantor is required to withhold or was incorporated, engaged in business, organized deduct United States Taxes by law or resident by the interpretation or administration thereof. If any Guarantor is so required to withhold or deduct any amount of interest for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction on account of United States Taxes from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall such Guarantor will pay such additional amounts of interest (the “Additional Amounts”) as may be necessary in order so that the net amounts amount received and retained in respect of such payments by each beneficial owner of Notes holder (including Additional Amounts) after such withholding or deduction will equal not be less than the respective amounts that amount the holder would have received if such United States Taxes had not been received and retained in respect of such payments in the absence of such withholding withheld or deductiondeducted; provided, however, provided that no Additional Amounts shall will be payable with respect to:to a payment made to a holder (an “Excluded Holder”): (1i) which is subject to such United States Taxes by reason of any Taxes, to connection between such holder and the extent such Taxes would not have been imposed but for the holder United States or the beneficial owner of the Notes (any states political subdivision thereof or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, authority thereof other than any connection arising solely from the acquisition, ownership or disposition mere holding of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, Notes or the receipt of payments in respect of such Note or a Note Guaranteethereunder; (2ii) which failed to duly and timely comply with a timely request of the Issuer to provide information, documents, certification or other evidence concerning such holder’s nationality, residence, entitlement to treaty benefits, identity or connection with the United States or any Taxespolitical subdivision or authority thereof, if and to the extent that due and timely compliance with such request would have resulted in the reduction or elimination of any United States Taxes were imposed as to which Additional Amounts would have otherwise been payable to such holder of Notes but for this clause (ii); (iii) which is a fiduciary, a partnership or not the beneficial owner of any payment on a Note, if and to the extent that, as a result of an applicable tax treaty, no Additional Amounts would have been payable had the presentation beneficiary, partner or beneficial owner owned the Note directly (but only if there is no material cost or expense associated with transferring such Note to such beneficiary, partner or beneficial owner and no restriction on such transfer that is outside the control of a Note for payment such beneficiary, partner or beneficial owner); (where presentation is requirediv) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled United States Taxes required to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property be withheld or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that deducted are imposed pursuant to current Section sections 1471 through 1474 of the United States Internal Revenue Code or of 1986, as amended (and any amended or successor version that is substantively comparable substantially comparable), and not materially more onerous to comply with, any regulations promulgated thereunder, any or other official interpretations thereof, guidance thereunder or agreements (including any intergovernmental agreement between a non-U.S. jurisdiction and the United States (agreements or any related law laws, rules or administrative practices or proceduresimplementing such intergovernmental agreements) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)in connection therewith; or (9v) any combination of the foregoing clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)proviso. (b) If the The Issuer or any such Guarantor, as the case may be, becomes will also (i) make such withholding or deduction and, (ii) remit the full amount deducted or withheld to the relevant authority in accordance with applicable law. The Issuer or such Guarantor, as the case may be, will furnish to the holders of the Notes, within 30 days after the date the payment of any United States Taxes is due pursuant to applicable law, certified copies of tax receipts evidencing such payment by such Guarantor, as the case may be. Such Guarantor will indemnify and hold harmless each holder (other than all Excluded Holders) for the amount of (A) any United States Taxes not withheld or deducted by such Guarantor and levied or imposed and paid by such holder as a result of payments made under or with respect to the Guarantees, (B) any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, and (C) any United States Taxes imposed with respect to any reimbursement under clauses (i) or (ii) of this Section 3.12(b). (c) At least 30 days prior to each date on which any payment under or with respect to the Notes is due and payable, if any Guarantor is aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guaranteesuch payment, the Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Officers’ Certificate stating the fact that such Additional Amounts will be payable, the amounts so payable and the amount estimated to be so payable. The Officer’s Certificate must also will set forth any such other information reasonably necessary to enable the Paying Agents Trustee to pay such Additional Amounts to Holders holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal(and premium, if any), interest or of any other amount payable under, under or with respect to, to any of the Notes or any Note Guaranteenote, such mention shall be deemed to include mention of the payment of Additional Amounts provided for in this section to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (ed) This The obligations described under this Section 4.06 shall 3.12 will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, Indenture and will apply, apply mutatis mutandis, mutandis to any successor Person and to any jurisdiction in which any such successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or is otherwise resident or doing business for tax purposes, purposes or any jurisdiction from or through which payment is made under by such successor or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or thereinits respective agents.

Appears in 5 contracts

Sources: Trust Indenture, Trust Indenture (Trulieve Cannabis Corp.), Trust Indenture

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (includingThe Company shall, in each case, any successor entity) under or with respect subject to the Notes or any Note Guarantee shall be made free exceptions and clear of and without withholding or deduction forlimitations set forth below, or pay as additional interest on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay Securities such additional amounts (the “Additional Amounts”) as may be are necessary in order that the net amounts received payment by the Company or the Paying Agent of the principal of and retained in respect interest on each of such payments by each beneficial owner of Notes the Securities after such withholding or deduction solely with respect to any present or future tax, assessment or other governmental charge (collectively, “Taxes”) imposed by or on behalf of any jurisdiction other than the United States in which the Company or any successor in accordance with the provisions of Article X hereof is incorporated, organized or otherwise tax resident or any political subdivision or any authority thereof or therein having power to tax (each, a “Relevant Taxing Jurisdiction”), will equal not be less than the respective amounts that would have been received and retained in respect of such payments amount provided in the absence of such withholding or deductionapplicable Securities to be then due and payable (“Additional Amounts”); provided, however, that no the foregoing obligation to pay Additional Amounts shall be payable with respect not apply to: (a) any Taxes which would not have been so imposed, withheld or deducted but for: (1) the existence of any Taxes, to the extent present or former connection between such Taxes would not have been imposed but for the holder Securityholder or the beneficial owner of the Notes (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder or other equity owner of, or possessor of a person having a power over, the relevant holdersuch Securityholder or beneficial owner, if the relevant holder such Securityholder or beneficial owner is an estate, a trust, nomineea limited liability company, a partnership, limited liability company a corporation or corporationother entity) and the Relevant Taxing Jurisdiction, including, without limitation, such Securityholder or beneficial owner (or such fiduciary, settlor, beneficiary, member, shareholder or other equity owner or person having such a power) being or having been a citizen or resident or national of, treated as a resident of the Relevant Taxing Jurisdiction or incorporated, being or having been engaged in a trade or business in, in the Relevant Taxing Jurisdiction or being or having been physically present in or having a permanent establishment in, the relevant Tax Relevant Taxing Jurisdiction or having or having had any other present or former connection with a permanent establishment in the relevant Tax Relevant Taxing Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee;; or (2) the failure of such Securityholder or beneficial owner to comply with any Taxesapplicable certification, information, documentation or other reporting requirement concerning the nationality, residence, identity or connection with the Relevant Taxing Jurisdiction of such Securityholder or beneficial owner or otherwise to the extent establish entitlement to a partial or complete exemption from such Taxes were imposed as a result of (including, without limitation, any documentation requirement under an applicable income tax treaty); (b) any Taxes which would not have been so imposed, withheld or deducted but for the presentation by the Securityholder or beneficial owner of a Note such Security for payment (where presentation is required) on a date more than 30 10 days after the relevant date on which such payment became due and payable or the date on which payment of the Security is first made available duly provided for payment and notice is given to the holder (Securityholders, whichever occurs later, except to the extent that the holder Securityholder or beneficial owner would have been entitled to such Additional Amounts had the Note been presented on the last day of presenting such 30 Security on any date during such 10-day period); (3c) any estate, inheritance, gift, salesales, transfer, personal property property, excise, wealth or similar Taxes; (4d) any Taxes which are payable other otherwise than by deduction or withholding from payments under, any payment of principal of or with respect to, the Notes or any Note Guaranteeinterest on such Security; (5e) any Taxes which are payable by a Securityholder that is not the beneficial owner of the Security, or a portion of the Security, or that is a fiduciary, partnership, limited liability company or other similar entity, but only to the extent that a beneficial owner, a beneficiary or settlor with respect to such fiduciary or member of such partnership, limited liability company or similar entity would not have been entitled to the payment of an Additional Amount had such beneficial owner, settlor, beneficiary or member received directly its beneficial or distributive share of the payment; (f) any Taxes required to be withheld by any Paying Agent from any payment of principal or interest on any Security, if such payment can be made without such withholding by any other Paying Agent; (g) any Taxes that would not have been imposed, withheld or deducted but for a change in any law, treaty, regulation, or administrative or judicial interpretation that becomes effective after the applicable payment becomes due or is duly provided for, whichever occurs later, to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statutechange in law, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition interpretation would apply retroactively to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationpayment; (6h) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted imposed, withheld or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section deducted under Sections 1471 through 1474 of the Internal Revenue Code or any amended or successor version that is substantively comparable and not materially more onerous to comply withof 1986, any regulations promulgated thereunderas amended, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described aboveprovisions that are substantively comparable) and any current or future regulations or official interpretations thereof (“FATCA”), any agreement (including any intergovernmental agreement) entered into in connection therewith, or any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an intergovernmental agreement in respect of FATCA; or (9i) any combination of clauses items (1a), (b), (c), (d), (e), (f), (g) through and (8) aboveh). In addition to the foregoingFor purposes of this Section, the Issuer and the Guarantors shall also pay and indemnify the holder for any present acquisition, ownership, enforcement or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration holding of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments payment with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are Security will not excluded under clauses constitute a connection (1) through (3) between the Securityholder or beneficial owner and the Relevant Taxing Jurisdiction or (52) through (9) above between a fiduciary, settlor, beneficiary, member or shareholder or other equity owner of, or a person having a power over, such holder or beneficial owner if such holder or beneficial owner is an estate, a trust, a limited liability company, a partnership, a corporation or other entity and the Relevant Taxing Jurisdiction. Any reference in this Indenture or in the Securities to principal or interest shall be deemed to refer also to Additional Amounts which may be payable under the provisions of this Section 4.02. Except as specifically provided in the Securities, the Company shall not be required to make any payment with respect to any tax, duty, assessment or other governmental charge imposed by any government or any combination thereof). (b) political subdivision or taxing authority of or in any government or political subdivision. If the Issuer or any Guarantor, as the case may be, Company becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note GuaranteeSecurities, the Issuer or the relevant Guarantor, as the case may be, Company shall deliver to the Trustee on a date that is at least 30 days prior to the date of that such payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that such payment date, in which case the Issuer or the relevant Guarantor Company shall notify the Trustee promptly thereafter) an Officer’s Officers’ Certificate stating to the fact effect that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 5 contracts

Sources: Senior Indenture (Brighthouse Financial, Inc.), Junior Subordinated Indenture (Brighthouse Financial, Inc.), Junior Subordinated Indenture (Brighthouse Financial, Inc.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 4.12 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 5 contracts

Sources: Indenture (Carnival PLC), Indenture (Carnival PLC), Indenture (Carnival PLC)

Additional Amounts. (a) This Section 3 shall apply only in the event that the Company becomes, or a successor to the Company is, a corporation organized or existing under the laws of the United Kingdom, the Netherlands, the Netherlands Antilles, Bermuda or the Cayman Islands. All payments made by or the Company on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any this Note Guarantee shall be made free and clear of and without withholding or deduction for, for or on account of, any and all present or future Taxes taxes, duties, assessments, or governmental charges of whatever nature unless the deduction or withholding or deduction of such Taxes taxes, duties, assessments or governmental charges is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, for or on account ofof any present or future taxes, any Taxes imposed assessments or levied by or on behalf other governmental charges of (1) any jurisdiction (other than the United States) in which Kingdom, the Issuer Netherlands, the Netherlands Antilles, Bermuda or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes the Cayman Islands (or any political subdivision or taxing authority thereof or therein or (2therein) shall at any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) time be required in respect of any payments amounts to be paid by the Company under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumthis Note, the Issuer or the relevant Guarantor, as applicable, Company shall pay or cause to be paid such additional amounts (the “Additional Amounts”"ADDITIONAL AMOUNTS") as may be necessary in order that the net amounts received and retained in respect by a Holder of such payments by each beneficial owner of Notes this Note after such deduction or withholding or deduction will equal shall be not less than the respective amounts that would have been received and retained specified in respect this Note to which the Holder of such payments in the absence of such withholding or deductionthis Note is entitled; provided, however, that no the Company shall not be required to make any payment of Additional Amounts shall be payable with respect tofor or on account of: (1a) any Taxestax, assessment or other governmental charge to the extent such Taxes tax, assessment or other governmental charge would not have been imposed but for (i) the holder existence of any present or the beneficial owner of the Notes former connection between such Holder (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holdersuch Holder, if the relevant holder such Holder is an estate, nominee, trust, nominee, partnership, limited liability company partnership or corporation), other than the holding of this Note or the receipt of amounts payable in respect of this Note, and the United Kingdom, the Netherlands, the Netherlands Antilles, Bermuda or the Cayman Islands (or any political subdivision or taxing authority thereof or therein) including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or national of, or incorporated, engaged in a trade or business in, being or having been physically present or engaged in trade or having a permanent establishment in, the relevant Tax Jurisdiction business therein or having or having had any other present a permanent establishment therein or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a this Note for payment (where presentation is required) for payment on a date more than 30 days after the relevant date on which such payment became due and payable or the date on which payment thereof is first made available for payment to the holder (duly provided for, whichever occurs later, except to the extent that the holder Holder would have been entitled to Additional Amounts had the this Note been presented on the last day of such period of 30 day period)days; (3b) any tax, assessment or other governmental charge that is imposed or withheld by reason of the failure to comply by the Holder of this Note or, if different, the beneficial owner of the interest payable on this Note, with a timely request of the Company addressed to such Holder or beneficial owner to provide information, documents or other evidence concerning the nationality, residence, identity or connection with the taxing jurisdiction of such Holder or beneficial owner which is required or imposed by a statute, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from all or part of such tax, assessment or governmental charge; (c) any estate, inheritance, gift, salesales, transfer, personal property or similar Taxestax, assessment or other governmental charge; (4d) any Taxes payable tax, assessment or other governmental charge which is collectible otherwise than by deduction withholding from payments of principal amount, redemption amount, Change of Control Payment or interest with respect to a Note or withholding from payments under, the proceeds of a sale or with respect to, the Notes or any Note Guaranteeexchange of a Note; (5e) any Taxes tax, assessment or other governmental charge required to be withheld by any Paying Agent from any payment of principal amount, redemption amount, Change of Control Payment or interest with respect to a Note, if such payment can be made, and is in fact made, without such withholding by any other Paying Agent located inside the United States; (f) any tax, assessment or other governmental charge imposed on a Holder that is not the beneficial owner of a Note to the extent such Taxes that the beneficial owner would not have been imposed or withheld but for entitled to the failure payment of any such Additional Amounts had the holder or beneficial owner of directly held the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationNote; (6g) any Taxes imposed in connection with a Note presented for payment combination of items (where presentation is permitted or required for paymenta), (b), (c), (d), (e) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; and (7f) any Taxes imposed on or above; nor shall Additional Amounts be paid with respect to any payment by of the Issuer principal of, or any of the Guarantors interest on, this Note to the holder of the Notes if such holder any Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes a beneficiary or settlor would not have been imposed on such payments entitled to any Additional Amounts had such holder beneficiary or settlor been the sole beneficial owner Holder of such this Note; (8) any Taxes that are imposed pursuant . All references to current Section 1471 through 1474 of the Code principal amount or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in shall include any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts payable to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereofCompany pursuant to this Section 3. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 5 contracts

Sources: Indenture (NTL Delaware Inc), Indenture (NTL Communications Corp), Indenture (NTL Communications Corp)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then Unless required by law. If the Issuer, each Issuer and each Guarantor shall pay all amounts of principal of, and any premium and interest on, any Notes, without deduction or withholding for any taxes, levies, imposts, duties, assessments or other governmental charges (including any penalties, interest and additions to tax related thereto) (“Taxes”) imposed by any jurisdiction where any Issuer or Guarantor (or any other applicable withholding agent is required by law to withhold successor thereto) is, at the relevant time, organized, resident or deduct any amount fordoing business for tax purposes, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or Guarantor makes any Guarantor payment on the Notes, as the case may be (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2)each, a “Tax Taxing Jurisdiction”) in respect ). If deduction or withholding of any payments under or with respect to the Notes or of these charges by any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumapplicable withholding agent is required by a Taxing Jurisdiction, the applicable Issuer or the relevant applicable Guarantor, as applicablethe case may be, shall subject to the exceptions listed below, will pay such any additional amounts (the “Additional Amounts”) as may be necessary in order that to make the net amounts received and retained in respect of such payments by each amount paid to the affected beneficial owner of Notes after such withholding or deduction will owners equal the respective amounts that amount the beneficial owners would have been received and retained in respect of such payments in the absence of such the deduction or withholding (including any deduction or deduction; providedwithholding attributable to the additional amounts). However, however, that no these Additional Amounts shall not be payable with respect topaid on account of: (1) the amount of any Taxes, to Tax imposed by the extent such Taxes would not have been United States or any political subdivision thereof; (2) the amount of any Tax imposed but for by any government of any jurisdiction other than a Taxing Jurisdiction; (3) the holder amount of any Tax that is only payable because either (A) a present or former connection exists between the Holder or beneficial owner of the Notes (or and a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Taxing Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any a connection arising solely resulting from the acquisitionpurchase, ownership or disposition of Notes, such Notes (including the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, thereunder or the receipt of payments in respect of such Note thereof), or a Note Guarantee; (2B) any Taxes, to the extent such Taxes were imposed as a result of Holder or beneficial owner presented the presentation of a Note Notes for payment (where presentation is required) more than 30 days after the date on which the relevant payment became due or was provided for, whichever is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period)later; (34) any estate, inheritance, gift, sale, transfer, excise, value added, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note GuaranteeTax; (5) the amount of any Taxes Tax that is not required to be deducted or withheld by an applicable withholding agent from any payment by the extent such Taxes would not have been applicable Issuer or the applicable Guarantor, as the case may be, on the Notes; (6) the amount of any Tax that is imposed or withheld but for due to the failure of the holder Holder or beneficial owner of the NotesNotes failing to accurately comply with a request from the applicable Issuer or the applicable Guarantor (or any successor thereto), following as the Issuercase may be, either to provide information concerning the Holder’s reasonable written request addressed or beneficial owner’s nationality, residence or identity or to satisfy any information or reporting requirement, in each case, to the holder at least 60 days before any extent the Holder or beneficial owner is legally eligible to do so, or to present the relevant Note (if certificated) if such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether action is required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, the Taxing Jurisdiction as a precondition to exemption from, or reduction in in, the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agentapplicable Tax; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are tax imposed pursuant to current Section Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as of the Issue Date (or any amended or successor version that is substantively comparable and not materially more onerous to comply with, ) any regulations promulgated thereunder, any thereunder or official interpretations thereof, or any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) and another jurisdiction implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)law implementing such an intergovernmental agreement; or (9) 8) any combination of Taxes described in clauses (1) through ), (8) above. In addition to the foregoing2), the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3), (4), (5), (6) or (57) through (9) above or any combination thereof). (b) If the Issuer or any Guarantorabove. Additionally, as the case may be, becomes aware that it will be obligated to pay no Additional Amounts shall be paid with respect to any payment under to any Holder who is a fiduciary or a partnership or other than the sole beneficial owner of such Notes to the extent that the beneficiary or settlor with respect to the Notes or any Note Guaranteesuch fiduciary, the Issuer member of such partnership or the relevant Guarantorbeneficial owner of such Notes would not have been entitled to Additional Amounts had such beneficiary, as the case may besettlor, shall deliver to member or beneficial owner held such Notes directly. It is understood that the Trustee on shall have no responsibility whatsoever to determine if a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it Amounts is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (due or to a Holder upon request), within 60 days after the date the payment of calculate any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) amounts. Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the or any premium or interest on, or in respect of, any Notes or of principal, interest or of any other amount payable under, under or with respect to, any of to the Notes or any Note GuaranteeNotes, such mention shall be deemed to include mention of the payment of Additional Amounts provided for in this Section 2.15 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This thereof pursuant to the provisions of this Section 4.06 2.15 and express mention of the payment of Additional Amounts in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made. The obligation to pay Additional Amounts under the terms and conditions described in this Section 2.15 will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 4 contracts

Sources: Indenture (Nielsen Holdings PLC), Indenture (Nielsen Holdings PLC), Indenture (Nielsen Holdings PLC)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Issuers or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer Issuers or any Guarantor (including any successor entity), is or was then incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer Issuers or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of ), will at any time be required to be made from any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest interest, premium or premiumAdditional Interest, if any, the Issuer Issuers or the relevant Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each holder or beneficial owner of Notes after such withholding withholding, deduction or deduction imposition will equal the respective amounts of cash that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1a) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged incorporated in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction in which such Taxes are imposed or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from the acquisition, ownership acquisition or disposition holding of such Notes, the exercise or enforcement of rights under such Note, this Note or the Indenture or under a Note Guarantee, Guarantee of a Guarantor or the receipt of payments in respect of such Note or a Note GuaranteeGuarantee of a Guarantor; (2b) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3c) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4d) any Taxes withheld, deducted or imposed on a payment to an individual and that are required to be made pursuant to European Council Directive 2003/48/EC or any other directive implementing the conclusions of the ECOFIN Council meeting of November 26 and 27, 2000 on the taxation of savings income, or any law implementing or complying with or introduced in order to conform to, such directive; (e) any Note presented for payment (where presentation is required) by or on behalf of a Holder of Notes who would have been able to avoid such withholding or deduction by presenting the relevant Note to another Paying Agent in a member state of the European Union; (f) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or with respect to any Note GuaranteeGuarantee of a Guarantor; (5g) any Taxes to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s Issuers’ reasonable written request addressed to the holder Holder or beneficial owner at least 60 days before any such withholding or deduction would be imposedpayable to the holder or beneficial owner, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible entitled to provide such certification or documentation; (6h) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) withheld by or on behalf reason of a the failure of the holder or beneficial owner of the Notes to comply with the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any requirements of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), as of December 19, 2013 (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any regulations promulgated thereunder, the U.S. Treasury Regulations issued thereunder or any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (interpretation thereof or any related law or administrative practices or procedures) implementing the foregoing or any agreements agreement entered into pursuant to current Section 1471(b)(11471(b) of the Code Code; (i) any withholding Tax imposed by the United States or any amended or successor version described above)a political subdivision thereof; or (9j) any combination of clauses (1a) through (8) i) above. In addition to the foregoing, the Issuer Issuers and the any Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax any other liabilities related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenturethe indenture, any Note Guarantee of a Guarantor or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) Guarantor. If the Issuer Issuers or any Guarantor, as the case may be, becomes aware that it or they will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note GuaranteeGuarantee of a Guarantor, the Issuer Issuers or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer Issuers or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Officers’ Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Officers’ Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders holders on the relevant payment date. The Issuer Issuers or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Officers’ Certificate as conclusive proof that such payments are necessary. (c) , and may conclusively presume that no payments are necessary unless and until it receives any such Officers’ Certificate. The Issuer Issuers or the relevant Guarantor, if it is the applicable withholding agent, shall Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer Issuers or the relevant Guarantor shall will use its their reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer Issuers or the relevant Guarantor shall will furnish to the Trustee (or to a Holder holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer Issuers or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) . Whenever in this the Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or Additional Interest, if any, or of any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeGuarantee of a Guarantor, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall . The above obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (Issuers or any Guarantor) Guarantor is incorporated, engaged in business, organized business for tax purposes or resident for tax purposes, purposes or any jurisdiction from or through which such Person makes any payment is made under or with respect to on the Notes (or any Note GuaranteeGuarantee of a Guarantor) by and any department or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 4 contracts

Sources: Indenture (Endo International PLC), Indenture (Endo International PLC), Indenture (Endo International PLC)

Additional Amounts. (a) This Section 2 shall apply only in the event that the Company becomes, or a successor to the Company is, a corporation organized or existing under the laws of the United Kingdom, the Netherlands, the Netherlands Antilles, Bermuda or the Cayman Islands. All payments made by or the Company on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any this Note Guarantee shall be made free and clear of and without withholding or deduction for, for or on account of, any and all present or future Taxes taxes, duties, assessments, or governmental charges of whatever nature unless the withholding or deduction of such Taxes taxes, duties, assessments or governmental charges is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, for or on account ofof any present or future taxes, any Taxes imposed assessments or levied by or on behalf other governmental charges of (1) any jurisdiction (other than the United States) in which Kingdom, the Issuer Netherlands, the Netherlands Antilles, Bermuda or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes the Cayman Islands (or any political subdivision or taxing authority thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision taxing authority thereof or therein (each of (1therein) and (2), a “Tax Jurisdiction”) shall at any time be required in respect of any payments amounts to be paid by the Company under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumthis Note, the Issuer or the relevant Guarantor, as applicable, Company shall pay or cause to be paid such additional amounts (the “Additional Amounts”"ADDITIONAL AMOUNTS") as may be necessary in order that the net amounts received and retained in respect by a Holder of such payments by each beneficial owner of Notes this Note after such deduction or withholding or deduction will equal shall be not less than the respective amounts that would have been received and retained specified in respect this Note to which the Holder of such payments in the absence of such withholding or deductionthis Note is entitled; provided, however, that no the Company shall not be required to make any payment of Additional Amounts shall be payable with respect tofor or on account of: (1a) any Taxestax, assessment or other governmental charge to the extent such Taxes tax, assessment or other governmental charge would not have been imposed but for (i) the holder existence of any present or the beneficial owner of the Notes former connection between such Holder (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holdersuch Holder, if the relevant holder such Holder is an estate, nominee, trust, nominee, partnership, limited liability company partnership or corporation), other than the holding of this Note or the receipt of amounts payable in respect of this Note, the United Kingdom, the Netherlands, the Netherlands Antilles, Bermuda or the Cayman Islands or any political subdivision or taxing authority thereof or therein, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or national of, or incorporated, engaged in a trade or business in, being or having been physically present or engaged in trade or having a permanent establishment in, the relevant Tax Jurisdiction business therein or having or having had any other present a permanent establishment therein or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a this Note for payment (where presentation is required) for payment on a date more than 30 days after the relevant date on which such payment became due and payable or the date on which payment thereof is first made available for payment to the holder (duly provided for, whichever occurs later, except to the extent that the holder Holder would have been entitled to Additional Amounts had the this Note been presented on the last day of such period of 30 day period)days; (3b) any tax, assessment or other governmental charge that is imposed or withheld by reason of the failure to comply by the Holder of this Note or, if different, the beneficial owner of the interest payable on this Note, with a timely request of the Company addressed to such Holder or beneficial owner to provide information, documents or other evidence concerning the nationality, residence, identity or connection with the taxing jurisdiction of such Holder or beneficial owner which is required or imposed by a statute, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from all or part of such tax, assessment or governmental charge; (c) any estate, inheritance, gift, salesales, transfer, personal property or similar Taxestax, assessment or other governmental charge; (4d) any Taxes payable tax, assessment or other governmental charge which is collectible otherwise than by deduction withholding from payments of principal amount, redemption amount, Change of Control Payment or interest with respect to a Note or withholding from payments under, the proceeds of a sale or with respect to, the Notes or any Note Guaranteeexchange of a Note; (5e) any Taxes tax, assessment or other governmental charge required to be withheld by any Paying Agent from any payment of principal amount, redemption amount, Change of Control Payment or interest with respect to a Note, if such payment can be made, and is in fact made, without such withholding by any other Paying Agent located inside the United States; (f) any tax, assessment or other governmental charge imposed on a Holder that is not the beneficial owner of a Note to the extent such Taxes that the beneficial owner would not have been imposed or withheld but for entitled to the failure payment of any such Additional Amounts had the holder or beneficial owner of directly held the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationNote; (6g) any Taxes imposed in connection with a Note presented for payment combination of items (where presentation is permitted or required for paymenta), (b), (c), (d), (e) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; and (7f) any Taxes imposed on or above; nor shall Additional Amounts be paid with respect to any payment by of the Issuer principal of, or any of the Guarantors interest on, this Note to the holder of the Notes if such holder any Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes a beneficiary or settlor would not have been imposed on such payments entitled to any Additional Amounts had such holder beneficiary or settlor been the sole beneficial owner Holder of such this Note; (8) any Taxes that are imposed pursuant . All references to current Section 1471 through 1474 of the Code principal amount or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in shall include any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts payable to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereofCompany pursuant to this Section 2. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 4 contracts

Sources: Indenture (NTL Communications Corp), Indenture (NTL Communications Corp), Indenture (NTL Communications Corp)

Additional Amounts. (a) All payments made by or on behalf the Republic in respect of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee Debt Securities shall be made free and clear of and without withholding or deduction for, for or on account of, of any present or future Taxes unless the withholding taxes, duties, assessments or deduction other governmental charges of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes whatever nature imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporatedRepublic, engaged in business, organized or resident for tax purposes or any political subdivision thereof or taxing authority therein or thereof having the power to tax (2) any jurisdiction from collectively, “Relevant Tax”), unless the withholding or through which any payment deduction of such Relevant Tax is made required by or on behalf of the Issuer or any Guarantor (including, without limitationlaw. In that event, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, Republic shall pay such additional amounts (the “Additional Amounts”) ), as may be necessary in order to ensure that the net amounts received and retained in respect of such payments by each beneficial owner of Notes the Holders after such withholding or deduction will shall equal the respective amounts of principal and interest that would have been received and retained receivable in respect of such payments the Debt Securities in the absence of such withholding or deduction; provided, however, that no such Additional Amounts shall be payable with in respect toof any Relevant Tax: (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder by reason of a Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or Debt Security having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other some present or former connection with the relevant Tax Jurisdiction, Republic other than merely being a Holder or beneficial owner of the Debt Security or receiving payments of any connection arising solely from nature on the acquisition, ownership Debt Security or disposition of Notes, the exercise or enforcement of enforcing its rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guaranteethe Debt Security; (2ii) imposed by reason of the failure of a Holder or beneficial owner of a Debt Security, or any Taxesother person through which the Holder or beneficial owner holds a Debt Security, to comply with any certification, identification or other reporting requirement concerning the extent nationality, residence, identity or connection with the Republic of such Taxes were Holder or beneficial owner or other person, if compliance with the requirement is a precondition to exemption from all or any portion of such withholding or deduction; provided that (x) the Republic or the Republic’s agent has provided the Holders with at least 60 days’ prior written notice of an opportunity to satisfy such a requirement, and (y) in no event shall such Holder’s or beneficial owner’s or other person’s obligation to satisfy such a requirement require such Holder or beneficial owner or other person to provide any materially more onerous information, documents or other evidence than would be required to be provided had such Holder or beneficial owner or other person been required to file Internal Revenue Service Forms W-8BEN, W-8BEN-E, W-8ECI, W-8EXP and/or W-8IMY; or (iii) imposed as a result of the presentation by reason of a Note Holder or beneficial owner of a Debt Security, or any other person through which the Holder or beneficial owner holds a Debt Security, having presented the Debt Security for payment (where such presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (Relevant Date, except to the extent that the holder Holder or beneficial owner or such other person would have been entitled to Additional Amounts had on presenting the Note been presented Debt Security for payment on the last day of any date during such 30 30-day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 4 contracts

Sources: Bond Agreement (Peru Republic Of), Bond Agreement (Peru Republic Of), Bond Agreement (Peru Republic Of)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Company or any of the Guarantors (including, in each case, any successor entity) Guarantor under or with respect to the Notes or any the Note Guarantee shall Guarantees will be made free and clear of and without withholding or deduction for, for or on account of, of any present or future Taxes tax, duty, levy, impost, assessment or other governmental charge (including without limitation, penalties, interest and any other liability with respect thereto) (“Taxes”), unless the withholding Company or deduction of such any Guarantor (or any Paying Agent) is required to withhold or deduct Taxes is then required by lawlaw or by the interpretation or administration thereof by the relevant taxing authority. If the Issuer, Company or any Guarantor (or any other applicable withholding agent Paying Agent) is so required by law to withhold or deduct any amount for, for or on account of, any of Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer Company or any Guarantor (including any successor entities) is or was incorporated, engaged in business, then organized or resident for tax Tax purposes or any political subdivision thereof or therein or any jurisdiction by or through which payment is made (each, a “Relevant Taxing Jurisdiction”) from any payment made under or with respect to the Notes or the Note Guarantees, the Company or any such Guarantor will pay to each Holder of the Notes that are outstanding on the date of the required payment, such additional amounts (in the form of (x) in the case of PIK Interest, additional PIK Interest and (y) in other cases, cash) (“Additional Amounts”) as may be necessary so that the net amount received by such Holder (including the Additional Amounts) after such withholding or deduction will not be less than the amount such Holder would have received if such Taxes had not been withheld or deducted, provided that no Additional Amounts will be payable with respect to any Note: (a) surrendered by the Holder or the beneficial owner thereof for payment of principal more than 30 days after the later of (1) the date on which such payment first became due and (2) if the full amount payable has not been received by or on behalf of the relevant Holder or the beneficial owner on or prior to such due date, the date on which, the full amount having been so received, notice to that effect shall have been given to the Holders or the beneficial owners by the Trustee, except to the extent that the Holder would have been entitled to such Additional Amounts on surrendering such Note for payment on any jurisdiction day during the applicable 30-day period; (b) if any Tax, assessment or other governmental charge is imposed or withheld by reason of the failure to comply by the Holder or, if different, the beneficial owner of the Note with a request addressed to such Holder or beneficial owner to provide information, documents or other evidence concerning the nationality, residence, identity or connection with the Relevant Taxing Jurisdiction of such Holder or beneficial owner which is required or imposed by a statute, treaty, regulation or administrative practice of the Relevant Taxing Jurisdiction as a precondition to exemption from all or through which part of such tax, assessment or governmental charge; (c) held by or on behalf of a Holder or beneficial owner who is liable for Taxes in respect of such Note by reason of having some connection with the Relevant Taxing Jurisdiction other than the mere purchase, holding or disposition of any payment is Note, or the receipt of payments made by or on behalf of the Issuer Company or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes thereof or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest such Holder or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident thereof or national of, being or incorporated, having been present or engaged in a trade or business in, being therein or having been physically present in or having had a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guaranteetherein; (2d) any Taxes, to the extent such Taxes were imposed as a result on account of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or other similar TaxesTax, assessment or other governmental charge; (4e) except in the case of the winding up of the Company or any Guarantor, if such Note is surrendered for payment in the Republic of France; (f) on account of any Taxes that are payable other otherwise than by deduction or withholding from payments under, or a payment with respect to, to the Notes or any Note GuaranteeGuarantees; (5g) with respect to any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) made by or on behalf of a holder the Company or beneficial owner any Guarantor in respect of the Notes to the extent such Taxes could have been avoided by presenting the relevant any Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect Note Guarantee to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes a beneficiary or settlor or beneficial owner would not have been imposed on such payments entitled to any Additional Amounts had such holder beneficiary or settlor or beneficial owner been the sole beneficial owner of such NoteHolder; (8) h) on account of any Taxes Tax that are is imposed pursuant to current Section sections 1471 through 1474 of the U.S. Internal Revenue Code or any amended or successor version that is substantively comparable and not materially more onerous to comply withof 1986, as amended, (the “Code”), any regulations promulgated or other official guidance thereunder, any official interpretations thereofintergovernmental agreement entered into in connection therewith, any similar law or regulation adopted pursuant to an intergovernmental agreement between a non-U.S. jurisdiction and the United States (or with respect to any related law or administrative practices or procedures) implementing of the foregoing foregoing, or any agreements entered into pursuant to current Section section 1471(b)(1) of the Code (any such Tax, “FATCA Withholding”); (i) on account of any U.S. federal withholding Taxes imposed as a result of (1) Holder’s or beneficial owner’s past or present actual or constructive ownership of 10% or more of the total combined voting power of all classes of stock of the Company entitled to vote, (2) such Holder’s or beneficial owner’s being a bank receiving such interest pursuant to a loan agreement entered into in the ordinary course of its trade or business as described in section 881(c)(3)(A) of the Code, (3) such Holder’s or beneficial owner’s being a “controlled foreign corporation” within the meaning of section 957 of the Code that is related to the Company within the meaning of section 864(d)(4) of the Code, or (4) the Holder’s or beneficial owner’s failure to fulfil the statement requirements of Section 871(h) or 881(c) of the Code; (j) for or on account of any amended Tax, duty, assessment or successor version described above)governmental charge imposed by reason of the Holder’s or beneficial owner’s past or present status (or the past or present status of a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of a power over, such Holder or beneficial owner, if such Holder or beneficial owner is an estate, a trust, a partnership or a corporation) as a personal holding company, passive foreign investment company, or controlled foreign corporation for United States federal income tax purposes, or as a corporation that accumulates earnings to avoid U.S. federal income tax; (k) when such withholding or deduction for French taxes is required to be made by reason of that payment being (x) paid to a bank account opened in a financial institution established in, or (y) paid or accrued to a person established or domiciled in, a non-cooperative State or territory (Etat ou territoire non-coopératif) as defined in Article 238-0 A of the French Code général des impôts; (l) when such withholding or deduction for French taxes is required to be made by reason of the Holder or the beneficial owner of the Note concurrently being a shareholder of the Company or of any Guarantor; or (9m) on account of any combination of clauses (1) through (8) the above. In addition The Company or any Guarantor will also make such withholding or deduction and remit the full amount deducted or withheld to the foregoingrelevant authority in accordance with applicable law. The Company will furnish, within 60 days after the Issuer and date the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration payment of any Taxes is due pursuant to applicable law, to the Trustee, copies of tax receipts (to the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or extent received from the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely relevant tax authorities in the case of Taxes attributable to usual course or as generally provided) evidencing that such payment has been made by the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer Company or any Guarantor, as . The Trustee will make such evidence available to the case may be, becomes aware that it will be obligated Holders upon request. At least 30 days prior to pay Additional Amounts with respect to each date on which any payment under or with respect to the Notes or the Note Guarantees is due and payable, if the Company or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver Guarantor becomes obligated to the Trustee on a date that is at least 30 days prior pay Additional Amounts with respect to the date of that such payment (unless the such obligation to pay Additional Amounts arises after the 30th day prior to that the date on which payment dateunder or with respect to the Notes or the Note Guarantees is due and payable, in which case the Issuer or it will be paid promptly thereafter and in any case before the relevant Guarantor shall notify payment date), the Trustee promptly thereafter) Company will deliver to each Paying Agent an Officer’s Officers’ Certificate stating the fact that such Additional Amounts will be payable payable, and the amount estimated to be so payable. The Officer’s Certificate must also payable and will set forth any such other information reasonably as necessary to enable the such Paying Agents Agent to pay such Additional Amounts to the Holders of the Notes on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, (a) the payment of amounts based upon the principal amount (and premium, if any), (b) purchase prices in connection with a purchase of the Notes or of principalNotes, (c) interest or of (d) any other amount payable under, on or with respect to, to any of the Notes or any the Note GuaranteeGuarantees, such mention shall be is deemed to include mention of the payment of Additional Amounts provided for in this section to the extent extent, that, in such context, Additional Amounts are, were or would be payable in respect thereof. . The Company or a Guarantor, as the case may be, will pay any present or future stamp, court or documentary taxes or any other excise or property taxes, charges or similar levies that arise in the United States, the Republic of France or in any jurisdiction in which a Paying Agent is located from the initial issue or registration of the Notes or on the enforcement of any payments with respect to the Notes, any Note Guarantee, the Indenture or any other document related thereto (elimited, in case of Taxes attributable to the receipt of payments thereto, to any such Taxes imposed or withheld in a Relevant Taxing Jurisdiction that are not excluded under clauses (k) This and (l) or any combination of items (k) and (l) above). The obligations of the Company or any Guarantor described in this Section 4.06 shall 4.21 will survive any termination, defeasance or satisfaction and discharge of this Indenture, Indenture or any transfer by a holder or beneficial owner of its Notesnotes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (Company or any Guarantor) Guarantor is incorporated, engaged in business, organized business for tax purposes or resident for tax purposes, purposes or any jurisdiction from or through which such Person makes any payment is made under or with respect to on the Notes (and any department or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 4 contracts

Sources: Indenture (CGG), Indenture (CGG Marine B.V.), Indenture (CGG Marine B.V.)

Additional Amounts. (a) All payments made by or on behalf of that the Issuer or any of the Guarantors (including, in each case, any successor entity) Issuers make under or with respect to the Notes and that any Guarantor makes under or with respect to any Note Guarantee shall will be made free and clear of and without withholding or deduction for, for or on account of, of any present or future Taxes tax, duty, levy, impost, assessment or other governmental charges (including, without limitation, penalties, interest and other similar liabilities related thereto) of whatever nature (collectively, “Taxes”) imposed or levied by or on behalf of Canada, the United States, or any other jurisdiction in which either Issuer or any Guarantor is incorporated, organized or otherwise resident or engaged in or carrying on business for tax purposes or from or through which either of the Issuers, any Guarantor or any of their paying agents makes any payment on the Notes or Guarantee, or by, in each case any political subdivision or taxing authority or agency thereof or therein (each, a “Relevant Taxing Jurisdiction”), unless the withholding or deduction of such Taxes is then required by law. If the Issuer, either Issuer or any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, for or on account of, any of Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction a Relevant Taxing Jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the such Issuer or the relevant such Guarantor, as applicablethe case may be, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order to ensure that the net amounts amount received and retained in respect of such payments by each Holder or beneficial owner of the Notes after such withholding or deduction (including any withholding or deduction attributable to the Additional Amounts) will equal be not less than the respective amounts that amount the Holder or beneficial owners would have received if such Taxes had not been received and retained in respect of such payments in required to be withheld or deducted. (b) Neither the absence of such withholding or deduction; providedIssuers nor any Guarantor will, however, that no pay Additional Amounts shall be payable with in respect toor on account of: (1) any Taxes, to Taxes imposed by reason of the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holdersuch Holder or beneficial owner, if the relevant holder such Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or considered as having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with (including, but not limited to, citizenship, nationality, residence, domicile, incorporation, or existence of a business, a permanent establishment, a dependent agent, a place of business or a place of management present or deemed present within such Relevant Taxing Jurisdiction)to the relevant Tax Jurisdiction, Relevant Taxing Jurisdiction (other than any connection arising solely from the acquisition, ownership or disposition of the Notes, the receipt of payments under or with respect to the Notes or any Guarantee, or the exercise or enforcement of rights under such Noteor with respect to the Notes, this Indenture or a Note any Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee); (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s reasonable Issuers’ written request addressed to the holder Holder (and made at a time that would enable the Holder or beneficial owner acting reasonably to comply with that request, and in all events at least 60 30 calendar days before the relevant date on which payment under or with respect to the Notes or any such withholding or deduction would be imposed, Guarantee is due and payable) to comply with any certification, identification, information certification or other reporting identification requirements, whether required or imposed by statute, treaty, regulation or administrative practice of a Tax Relevant Taxing Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Relevant Taxing Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Relevant Taxing Jurisdiction), but in each case, case only to the extent that the holder Holder or beneficial owner owner, as the case may be, is legally eligible to provide such certification certification; (3) any estate, inheritance, gift, sales, transfer, personal property or documentationsimilar Taxes; (4) any Tax which is payable otherwise than by deduction or withholding from payments made under or with respect to the Notes; (5) any Canadian Taxes paid or payable by reason of (i) the Holder, beneficial owner or other recipient of the amount not dealing at arm’s length with the Issuer or a Guarantor for the purposes of the Income Tax Act (Canada), or (ii) the Holder or beneficial owner being, or not dealing at arm’s length with, a “specified shareholder” of the Issuer for the purposes of subsection 18(5) of the Income Tax Act (Canada); (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes Tax imposed on or with respect to any payment by the Issuer Issuers or any of the Guarantors a Guarantor to the holder of the Notes Holder if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments payment had such holder been the sole beneficiary, partner or other beneficial owner directly held the Note; (7) any Tax that is imposed or levied by reason of the presentation (where presentation is required in order to receive payment) of the Notes for payment on a date more than 30 days after the date on which such Notepayment became due and payable or the date on which payment thereof is duly provided for, whichever is later, except to the extent that the beneficial owner or Holder thereof would have been entitled to Additional Amounts had the Notes been presented for payment on any date during such 30 day period; (8) any withholding or deduction in respect of any Taxes where such withholding or deduction is imposed or levied on a payment to an individual and is required to be made pursuant to European Council Directive 2003/48/EC or any other European Council Directive implementing the conclusions of the ECOFIN Council meeting of 26-27 November 2000 on the taxation of savings income or any law implementing or complying with, or introduced in order to conform to, such European Council Directive; (9) any Tax that are is imposed or levied on or with respect to a Note presented for payment on behalf of a Holder or beneficial owner who would have been able to avoid such withholding or deduction by presenting the relevant Note to another paying agent in a member state of the European Union; (10) any Taxes imposed pursuant to current Section Sections 1471 through 1474 of the Code or as of the Issue Date (and any amended or successor version that is substantively comparable and not materially more onerous to comply with, substantially comparable) any regulations promulgated thereunder, any or other official interpretations thereof, guidance thereunder or agreements (including any intergovernmental agreement between a non-U.S. jurisdiction and the United States (agreements or any related law laws, rules or administrative practices or proceduresimplementing such intergovernmental agreements) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)in connection therewith; or (911) any backup withholding pursuant to Section 3406 of the Code. In addition, Additional Amounts will not be payable with respect to any Taxes that are imposed in respect of any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)items. (bc) If the Issuer or any The Issuers and each Guarantor, as if they are applicable withholding agents (or are otherwise required to withhold amounts under applicable law), will (i) make such withholding or deduction required by applicable law and (ii) remit the case may befull amount deducted or withheld to the relevant taxing authority in accordance with applicable law. (d) At least 30 calendar days prior to each date on which any payment under or with respect to the Notes is due and payable, becomes aware that it if the Issuers and any Guarantor will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that such payment (unless the such obligation to pay Additional Amounts arises after the 30th day prior to that the date on which payment dateunder or with respect to the Notes is due and payable, in which case it will be promptly thereafter), the Issuer or the relevant Guarantor shall notify Issuers will deliver to the Trustee promptly thereafter) an Officer’s Certificate stating the fact that such Additional Amounts will be payable and the amount estimated to be amounts so payable. The Officer’s Certificate must also payable and will set forth any such other information reasonably (other than the identities of Holders and beneficial owners) necessary to enable the Trustee or Paying Agents Agent, as the case may be, to pay such Additional Amounts to Holders and beneficial owners on the relevant payment date. The Issuer or Trustee will make such payments in the relevant Guarantor same manner as any other payments on the Notes. The Issuers will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of such Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (ce) The Issuer or Upon request, the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer Issuers or the relevant Guarantor shall use its will take reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, a reasonable time certified copies of Tax tax receipts evidencing or other evidence of the payment by the Issuer Issuers or a such Guarantor, as the case may be, of any Taxes imposed or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) levied by such entitya Relevant Taxing Jurisdiction. (df) Whenever The Issuers and each Guarantor will pay any present or future stamp, issue, registration, court documentation, excise or property taxes or other similar taxes, charges and duties, including interest, additions to tax and penalties with respect thereto, imposed by any Relevant Taxing Jurisdiction in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount respect of the Notes or of principal, interest or receipt of any other amount payable under, payment under or with respect to, any of to the Notes or any Note Guarantee, such mention shall be deemed to include mention the execution, issue, delivery or registration of the payment Notes, any Guarantee or this Indenture or any other document or instrument referred to thereunder and any such taxes, charges, duties or similar levies imposed by any jurisdiction as a result of, or in connection with, the enforcement of Additional Amounts the Notes, such Guarantee or this Indenture or any such other document or instrument following the occurrence of any Event of Default with respect to the extent thatNotes. Neither the Issuers nor any Guarantor will, in however, pay such context, Additional Amounts are, were amounts that are imposed on or would be payable in respect thereofresult from a sale or other transfer or disposition by a Holder or beneficial owner of a Note. (eg) This Section 4.06 shall The preceding provisions will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, Indenture and will apply, shall apply mutatis mutandis, mutandis to any jurisdiction in which any successor Person person to the Issuer (Issuers or any Guarantor) Guarantor is incorporatedorganized, incorporated or otherwise resident or engaged in business, organized or resident carrying on business for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, purposes and any political subdivision or taxing authority or agency thereof or therein.

Appears in 4 contracts

Sources: Indenture (Restaurant Brands International Inc.), Indenture (Restaurant Brands International Limited Partnership), Indenture (Restaurant Brands International Limited Partnership)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, including any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor Issuer or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note GuaranteeNotes, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of the Notes after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of the Notes, the exercise or enforcement of rights under such Note, Note or this Indenture or a Note GuaranteeIndenture, or the receipt of payments in respect of such Note or a Note GuaranteeNote; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4iv) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note GuaranteeNotes; (5v) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6vi) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7vii) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) viii) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9ix) any combination of clauses (1i) through (8) viii) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee Indenture or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1i) through (3iii) or (5v) through (9ix) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note GuaranteeNotes, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of such Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant GuarantorIssuer, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder of the Notes upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may beIssuer, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeNotes, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 4.09 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 4 contracts

Sources: Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes (whether or not in the form of Definitive Registered Notes) or any of the Guarantors with respect to its Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor (including any successor entity) is or was then incorporated, engaged in business, organized business or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2)each, a “Tax Jurisdiction”) in respect of will at any time be required to be made from any payments made by the Issuer under or with respect to the Notes or any of the Guarantors with respect to any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes holder (including Additional Amounts) after such withholding withholding, deduction or deduction imposition will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1i) any Taxes, to the extent such Taxes that would not have been imposed but for the holder or the beneficial owner Beneficial Owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present incorporated in or having carrying on a permanent establishment inbusiness, in the relevant Tax Jurisdiction in which such Taxes are imposed or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from the mere acquisition, ownership or disposition of Notesholding, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments payment in respect of such Note the Notes or a with respect to any Note Guarantee; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note presented for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4iv) any Taxes withheld, deducted or imposed on a payment to an individual and that are required to be made pursuant to European Council Directive 2003/48/EC or any other directive implementing the conclusions of the ECOFIN Council meeting of 26 and 27 November 2000 on the taxation of savings income, or any law implementing or complying with or introduced in order to conform to, such directive; (v) any Note presented for payment by or on behalf of a holder of Notes who would have been able to avoid such withholding or deduction by presenting the relevant Note to another Paying Agent; (vi) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or with respect to any Note Guarantee; (5vii) any Taxes to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder or beneficial owner Beneficial Owner of the Notes, following the Issuer’s reasonable written request addressed with reasonable prior written notice to the holder at least 60 days before any such withholding or deduction would be imposedBeneficial Owner, to comply with any certification, identification, information or other reporting requirementsrequirements (to the extent such holder or Beneficial Owner is legally eligible to do so), whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner Beneficial Owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation;; or (6viii) any combination of items (i) through (vii) above; nor will any Additional Amounts be paid with respect to any Taxes imposed on any payment of principal or interest on the Note or payments under the Note Guarantees in connection with respect thereof to any holder who is either a Note presented for payment (where presentation is permitted or required for payment) by or on behalf fiduciary of a holder Beneficial Owner or beneficial owner of the Notes a partnership to the extent such Taxes could have been avoided by presenting principal or interest payment would be required (under the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by tax laws of the jurisdiction of the Issuer or any or, if applicable, the tax laws of the Guarantors jurisdiction of a Guarantor) to be included in the holder taxable income of either the Notes Beneficial Owner (in the case of a fiduciary) or a partner (in the case of a partnership) if such holder is a fiduciary Beneficial Owner or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes partner would not have been imposed on entitled to such payments Additional Amounts had such holder Beneficial Owner or partner been the sole beneficial owner holder of such Note;. (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or proceduresb) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) or Taxes which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, registration or registration enforcement of any of the Notes, this Indenture, any Note Guarantee Guarantee, or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)Collateral Documents. (bc) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, each of the Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day less than 45 days prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely solely on such an Officer’s Certificate as conclusive proof that such payments are necessary. (cd) The Issuer or Upon written request the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts will provide to obtain Tax the Trustee copies of receipts from each Tax authority or, if such receipts are not obtainable, other documentation reasonably satisfactory to the Trustee evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon Upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax those receipts evidencing payment by the Issuer or a Guarantorother documentation, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory will be made available by the Trustee to the Trustee) by such entityholders of the Notes. (de) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeNotes, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 4 contracts

Sources: Indenture (Sappi LTD), Indenture (Sappi LTD), Indenture (Sappi LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) a Foreign Guarantor under or with respect to the Notes or any Note its Guarantee shall will be made free and clear of of, and without withholding or deduction for, or on account of, any present or future Taxes taxes, unless the withholding or deduction of such Taxes taxes is then required by law. If the Issuer, any Guarantor withholding or any other applicable withholding agent is required by law to withhold or deduct any amount deduction for, or on account of, any Taxes taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or Tax Jurisdiction will at any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or time be required to be made from any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is payments made by or on behalf of the Issuer or any Foreign Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, or interest, the Issuer or the relevant Guarantor, as applicable, shall Foreign Guarantor will pay such additional amounts (the “Additional Amounts”) Amounts as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes (including Additional Amounts) after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1a) any Taxes, to the extent such Taxes taxes that would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or being a fiduciarycitizen, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present incorporated in or having carrying on a permanent establishment business in, the relevant Tax Jurisdiction in which such taxes are imposed, or having or having had any other present or former connection with the relevant Tax JurisdictionJurisdiction in which such taxes are imposed, other than by the mere acquisition or holding of any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the enforcement or receipt of payments payment under or in respect of such any Note or a Note any Guarantee; (2b) any Taxestaxes imposed or withheld as a result of the failure of the Holder or beneficial owner of the Notes to comply with any reasonable written request made to such Holder in writing at least 30 days before any such withholding or deduction would be payable by any Foreign Guarantors to provide timely or accurate information concerning the nationality, residence or identity of such Holder or to make any valid or timely declaration or similar claim or satisfy any certification, information or other reporting requirements (to the extent such Taxes were Holder or beneficial owner is legally eligible to do so), which is required or imposed by a statute, treaty, regulation or administrative practice of the relevant Tax Jurisdiction as a precondition to exemption from, or reduction in the rate of withholding or deduction of, such taxes; (c) any taxes that are imposed or withheld as a result of the presentation of a any Note for payment (where presentation is requiredrequired under the Original Indenture) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3d) any estate, inheritance, gift, sale, transfer, use, personal property tax or similar Taxestax or assessment; (4e) any Taxes tax which is payable other otherwise than by withholding or deduction or withholding from payments under, made under or with respect to, to the Notes or any Note Guarantee; (5f) any Taxes to the extent such Taxes would not have been tax that was imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or on a Note to any of the Guarantors to the holder of the Notes if such holder Holder who is a fiduciary or partnership partnership, limited liability company or any person other than the sole beneficial owner of such payment payment, to the extent that a beneficiary or settlor with respect to such Taxes fiduciary, a member of such a partnership or limited liability company or the beneficial owner of such payment would not have been imposed on such payments entitled to the Additional Amounts had such holder beneficiary, settlor, member or beneficial owner been the sole beneficial owner actual Holder of such Note; (8) g) any Taxes taxes that are imposed or withheld pursuant to current Section Sections 1471 through 1474 of the Code as of the date of the initial issuance of the Notes (or any amended or successor version that is substantively comparable and not materially more onerous to comply withof such sections), any regulations promulgated thereunder, any official interpretations thereof, any similar law or regulation adopted pursuant to an intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing with respect to the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)Code; or (9h) any combination of clauses items (1a) through (8) g) above. In addition to the foregoing, the Issuer and the Guarantors shall also any Foreign Guarantor will pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are or taxes levied by any jurisdiction on the execution, delivery, issuance, registration or registration enforcement of any of the Notes, this Indenture, any Note Guarantee (other than on or in connection with a transfer of the Notes other than the initial sale thereof by the initial purchasers in connection with the initial issuance thereof) or any other document or instrument referred to therein, or the receipt of any payments with respect thereto, or enforcement of, . If any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, Foreign Guarantor becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note its Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall Foreign Guarantor will deliver to the Trustee on a date that is at least 30 days prior to the date of that such payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment datethe date of such payment, in which case the Issuer or the relevant Foreign Guarantor shall notify the Trustee promptly in writing thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents Agent to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the Trustee shall be entitled to rely solely on such Officer’s Certificate as conclusive proof that such payments are necessary. The relevant Foreign Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall Foreign Guarantor will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax tax authority in accordance with applicable law. The Issuer or the relevant Foreign Guarantor shall will use its reasonable efforts to obtain Tax tax receipts from each Tax tax authority evidencing the payment of any Taxes taxes so deducted withheld or withhelddeducted. The Issuer or the relevant Foreign Guarantor shall will furnish to the Trustee (or to a Holder upon request)Holders, within 60 days after the date the payment of any Taxes taxes so withheld or deducted or withheld is made, certified copies of Tax tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, Foreign Guarantor or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, . References to the payment of amounts based upon on the principal amount of the Notes amount, or of principal, interest or of on any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeNotes, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This . The obligation set forth in this Section 4.06 shall 2.5 will survive any termination, defeasance or discharge of this Indenture, the Original Indenture or any transfer by a holder or beneficial owner Holder of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which Tax Jurisdiction applicable to any successor Person person to the Issuer (or any Foreign Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 3 contracts

Sources: Supplemental Indenture (F&G Annuities & Life, Inc.), Fourth Supplemental Indenture (Fidelity National Financial, Inc.), Third Supplemental Indenture (Fidelity & Guaranty Life Holdings, Inc.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Company or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes (whether or not in the form of Definitive Registered Notes) or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1i) any jurisdiction (other than the United States) in which the Issuer Company or any Guarantor (including any successor entity), is or was then incorporated, engaged in business, organized or resident for tax purposes or any political subdivision or governmental authority thereof or therein or (2ii) any jurisdiction from or through which any payment is made by or on behalf of the Issuer Company or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or governmental authority thereof or therein (each of (1i) and (2ii), a “Tax Jurisdiction”) in respect of ), will at any time be required to be made from any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer Company or the relevant GuarantorGuarantor or other payor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each Holder or beneficial owner of Notes (including Additional Amounts) after such withholding withholding, deduction or deduction imposition will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: : (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder, if the relevant holder Holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged incorporated in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction in which such Taxes are imposed or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from the acquisition, ownership acquisition or disposition holding of such Notes, the exercise or enforcement of rights under such Note, this Note or the Indenture or under a Note Guarantee, Guarantee or the receipt of payments in respect of such Note or a Note Guarantee; ; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); ; (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; ; (4iv) any Taxes withheld, deducted or imposed on a payment to an individual and that are required to be made pursuant to European Council Directive 2003/48/EC or any other directive implementing the conclusions of the ECOFIN Council meeting of November 26 and 27, 2000 on the taxation of savings income, or any law implementing or complying with or introduced in order to conform to, such directive; (v) any Taxes imposed as result of any Note presented for payment (where presentation is required) by or on behalf of a Holder who would have been able to avoid such withholding or deduction by presenting the relevant Note to another Paying Agent in a member state of the European Union; (vi) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or with respect to any Note Guarantee; ; (5vii) any Taxes to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder Holder or beneficial owner of the Notes, following the IssuerCompany’s reasonable written request addressed to the holder Holder or beneficial owner at least 60 days before any such withholding or deduction would be imposedpayable to the Holder or beneficial owner, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible entitled to provide such certification or documentation; ; (6viii) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) withheld by or on behalf reason of a holder the failure of the Holder or beneficial owner of the Notes to comply with the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any requirements of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), as of the date of the Offering Memorandum (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any regulations promulgated thereunder, the U.S. Treasury Regulations issued thereunder or any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (interpretation thereof or any related law or administrative practices or procedures) implementing the foregoing or any agreements agreement entered into pursuant to current Section 1471(b)(1) 1471 of the Code Code; or (or any amended or successor version described above); or (9ix) any combination of clauses (1) through (8) above. . (b) In addition to the foregoing, the Issuer Company and the Guarantors shall will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax any other liabilities related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)Guarantee. (bc) If the Issuer Company or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer Company or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer Company or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer Company or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary, and may conclusively presume that no payments are necessary unless and until it receives any such Officer’s Certificate. (cd) The Issuer Company or the relevant Guarantor, if it is the applicable withholding agent, shall Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer Company or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer Company or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer Company or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (de) Whenever in this the Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (f) The obligations described under Sections 4.01(c), (d), (e) This Section 4.06 shall and (f) of the Indenture will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (Company or any Guarantor) Guarantor is incorporated, engaged in business, organized business for tax purposes or resident for tax purposes, purposes or any jurisdiction from or through which such Person makes any payment is made under or with respect to on the Notes (or any Note Guarantee) by and any department or on behalf of such Person and, in each case, any political subdivision or taxing authority or agency thereof or thereintherein having the power to tax.

Appears in 3 contracts

Sources: Indenture (Viking Holdings LTD), Indenture (Viking Holdings LTD), Indenture (Viking Holdings LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors Company (including, in each case, including any successor entity) ), under or with respect to the Notes or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes tax, duty, levy, impost, assessment or other governmental charge (including penalties, interest and additions to tax related thereto, and, for the avoidance of doubt, including any withholding or deduction for or on account of the foregoing) (“Taxes”) unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor Company or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor Company is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor Company (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note GuaranteeNotes, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, payments upon conversion, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall Company will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder, if the relevant holder Holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, Note or this Indenture or a Note GuaranteeIndenture, or the receipt of payments in respect of such Note or a Note GuaranteeNote; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4iv) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note GuaranteeNotes; (5v) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the IssuerCompany’s reasonable written request addressed to the holder Holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6vi) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agentpaying agent; (7vii) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors Company to the holder Holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) viii) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9ix) any combination of clauses (1i) through (8) viii) above. . (b) In addition to the foregoing, the Issuer and the Guarantors shall Company will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1i) through (3iii) or (5v) through (9ix) above or any combination thereof). (bc) If the Issuer or any Guarantor, as the case may be, Company becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note GuaranteeNotes, the Issuer or the relevant Guarantor, as the case may be, shall Company will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor Company shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents Agent to pay Additional Amounts to Holders holders on the relevant payment date. The Issuer or the relevant Guarantor Company will provide the Trustee with documentation reasonably satisfactory to the Trustee trustee evidencing the payment of such Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (cd) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall Company will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall Company will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall Company will furnish to the Trustee (or to a Holder of the Notes upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may beCompany, or if, notwithstanding such entitythe Company’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to by the Trustee) by such entityCompany. (de) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes notes or of principal, interest or of any other amount payable under, or with respect to, any of to the Notes or any Note GuaranteeNotes, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (ef) This Section 4.06 shall 4.07 will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person person to the Issuer (or any Guarantor) Company is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person person and, in each case, any political subdivision thereof or therein.

Appears in 3 contracts

Sources: Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, including any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor Issuer or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction (other than the United States) from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note GuaranteeNotes, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of the Notes after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder, if the relevant holder Holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of the Notes, the exercise or enforcement of rights under such Note, Note or this Indenture or a Note GuaranteeIndenture, or the receipt of payments in respect of such Note or a Note GuaranteeNote; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4iv) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note GuaranteeNotes; (5v) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder Holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner of the Notes is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6vi) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7vii) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder Holder of the Notes if such holder Holder is a fiduciary or partnership or any person Person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) viii) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9ix) any combination of clauses (1i) through (8) viii) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee Indenture or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1i) through (3iii) or (5v) through (9ix) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note GuaranteeNotes, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee in writing promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of such Additional Amounts. The Trustee shall be entitled to rely absolutely absolutely, and without liability to any Person therefor, on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant GuarantorIssuer, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable lawApplicable Law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder of the Notes upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may beIssuer, or if, notwithstanding such entitythe Issuer’s efforts to obtain such receipts, Tax receipts are not obtained, other evidence of payments (reasonably satisfactory to payment by the Trustee) by such entityIssuer of any Taxes so deducted or withheld. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeNotes, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 4.09 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction (other than the United States) in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction (other than the United States) from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 3 contracts

Sources: Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of Company, the Guarantors or a successor of either of them (including, each a “Payor”) on the Senior Notes in each case, any successor entity) under respect of interest or with respect to the Notes or any Note Guarantee principal shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes taxes, duties, assessments or governmental charges of whatever nature (“Taxes”) unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of of: (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment on the Senior Notes or the applicable Guarantee is made by in respect of interest or on behalf of the Issuer or any Guarantor (includingprincipal, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or governmental authority thereof or therein having the power to tax; or (2) any other jurisdiction in which a Payor is organized or otherwise considered to be a resident for tax purposes, or any political subdivision or governmental authority thereof or therein having the power to tax (each of clauses (1) and (2), a “Tax Relevant Taxing Jurisdiction”) in respect of ), shall at any time be required from any payments under or made with respect to the Senior Notes in respect of interest or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, Payor shall pay (together with such payments) such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of the Senior Notes or the Guarantee, as the case may be, after such withholding or deduction will (including any such deduction or withholding from such Additional Amounts), equal the respective amounts that which would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no such Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes that would not have been so imposed but for the holder existence of any present or former connection between the beneficial owner of the Notes (or between a fiduciary, settlor, beneficiary, partner ofpartner, member member, shareholder or shareholder other holder of equity interests of, or possessor of a power over, over the relevant holderbeneficial owner, if the relevant holder beneficial owner is an estate, nominee, trust, nominee, partnership, limited liability company company, corporation or corporationother entity) and the Relevant Taxing Jurisdiction (including the beneficial owner being or having been a citizen or resident or national of, or incorporated, engaged in carrying on a trade business or business in, being or having been physically present in or having maintaining a permanent establishment in, or being physically present in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Relevant Taxing Jurisdiction, ) other than any connection arising solely from by the acquisition, mere ownership or disposition holding of Notes, the exercise such note or enforcement of rights thereunder or under such Note, this Indenture or a Note Guarantee, the Guarantee or the receipt of payments in respect of such Note or a Note Guaranteethereof; (2) any Taxes, Taxes that would not have been so imposed if the beneficial owner had made a declaration of non-residence or any other claim or filing for exemption to which it is entitled (provided that (x) such declaration of non-residence or other claim or filing for exemption is required by the applicable law of the Relevant Taxing Jurisdiction as a precondition to exemption from the requirement to deduct or withhold such Taxes and (y) at least 30 days prior to the extent first payment date with respect to which such Taxes were imposed as a result declaration of non-residence or other claim or filing for exemption is required under the applicable law of the presentation Relevant Taxing Jurisdiction, the relevant beneficial owner at that time has been notified by the Payor or any other person through whom payment may be made that a declaration of a Note non-residence or other claim or filing for exemption is required to be made); (3) any note presented for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder beneficial owner (except to the extent that the holder beneficial owner would have been entitled to Additional Amounts had the Note note been presented on the last day of during such 30 day period); (34) any Taxes that are payable otherwise than by withholding from a payment of the principal of, premium, if any, or interest, on the Senior Notes or under the Guarantee; (5) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments undertax, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information assessment or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationgovernmental charge; (6) any Taxes withholding or deduction imposed in connection with on a Note presented for payment (where presentation to an individual that is permitted required to be made pursuant to European Council Directive 2003/48/ EC on the taxation of savings or required for payment) by or on behalf of a holder or beneficial owner any other directive implementing the conclusions of the Notes ECOFIN Council meeting of 26-27 November, 2000 or any law implementing or complying with, or introduced in order to the extent such Taxes could have been avoided by presenting the relevant Note conform to, or otherwise accepting payment from, another Paying Agentsuch Directive; (7) any Taxes imposed on or with respect to any payment which could have been avoided by the Issuer or any presentation (where presentation is required) of the Guarantors relevant note to the holder another Paying Agent in a member state of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note;European Union; or (8) any Taxes that are withholding or deduction required pursuant to an agreement described in Section 1471(b) of the Code, or otherwise imposed pursuant to current Section Sections 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply withCode, any regulations promulgated or agreements thereunder, any official interpretations thereof, or (without prejudice to any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9foregoing) any combination law implementing an intergovernmental approach thereto. Such Additional Amounts shall also not be payable where, had the beneficial owner of the note been the Holder of the note, it would not have been entitled to payment of Additional Amounts by reason of any of clauses (1) through to (8) inclusive above. In addition The Payor shall (i) make any required withholding or deduction and (ii) remit the full amount deducted or withheld to the foregoing, Relevant Taxing Jurisdiction in accordance with applicable law. The Payor shall use all reasonable efforts to obtain certified copies of tax receipts evidencing the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration payment of any Taxes so deducted or withheld from each Relevant Taxing Jurisdiction imposing such Taxes and shall provide such certified copies to each Holder. The Payor shall attach to each certified copy a certificate stating (x) that the amount of withholding Taxes evidenced by the certified copy was paid in connection with payments in respect of the principal amount of Senior Notes then outstanding and (y) the amount of such withholding Taxes paid per $1,000 principal amount of the Senior Notes, this Indenture, . Copies of such documentation shall be available for inspection during ordinary business hours at the office of the Trustee by the Holders of the Senior Notes upon request and shall be made available at the offices of the Paying Agent. At least 30 days prior to each date on which any Note Guarantee payment under or any other document referred with respect to therein, the Senior Notes or the receipt of any payments with respect theretoGuarantee is due and payable (unless such obligation to pay Additional Amounts arises shortly before or after the 30th day prior to such date, or enforcement ofin which case it shall be promptly thereafter), any of if the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will Payor shall be obligated to pay Additional Amounts with respect to any payment under or with respect such payment, the Payor shall deliver to the Trustee an Officers’ Certificate stating the fact that such Additional Amounts shall be payable, the amounts so payable and shall set forth such other information necessary to enable the Trustee to pay such Additional Amounts to Holders on the payment date. Each such Officer’s Certificate shall be relied upon until receipt of a further Officers’ Certificate addressing such matters. If the Payor conducts business in any jurisdiction (an “Additional Taxing Jurisdiction”) other than a Relevant Taxing Jurisdiction and, as a result, is required by the law of such Additional Taxing Jurisdiction to deduct or withhold any amount on account of taxes imposed by such Additional Taxing Jurisdiction from payments under the Senior Notes or any Note the Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated would not have been required to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is madebut for such conduct of business in such Additional Taxing Jurisdiction, certified copies the Additional Amounts provision described above shall be considered to apply to such Holders or beneficial owners as if references in such provision to “Taxes” included taxes imposed by way of Tax receipts evidencing payment deduction or withholding by any such Additional Taxing Jurisdiction (or any political subdivision thereof or taxing authority therein). Wherever in the Issuer or a GuarantorIndenture, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture Senior Notes or the Notes Guarantee there is are mentioned, in any context, : (1) the payment of amounts based upon the principal amount principal, (2) purchase prices in connection with a purchase of the Notes or of principalSenior Notes, (3) interest, interest or of or (4) any other amount payable under, on or with respect to, any of to the Senior Notes or any Note the Guarantee, such mention reference shall be deemed to include mention of the payment of Additional Amounts as described under this section to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. . The Payor shall pay any present or future stamp, court or documentary taxes, or any other excise or property taxes, charges or similar levies which arise in any jurisdiction from the execution, delivery or registration of any Senior Notes or any other document or instrument referred to therein (e) This Section 4.06 other than a transfer of the Senior Notes), or the receipt of any payments with respect to the Senior Notes or the Guarantee, excluding any such taxes, charges’ or similar levies imposed by any jurisdiction other than the jurisdiction in which a Paying Agent is located, other than those resulting from, or required to be paid in connection with, the enforcement of the Senior Notes, the Guarantee or any other such document or instrument following the occurrence of any Event of Default with respect to the Senior Notes. The foregoing obligations shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, the Indenture and will apply, shall apply mutatis mutandis, mutandis to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) a Payor is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision or taxing authority or agency thereof or therein.

Appears in 3 contracts

Sources: First Supplemental Indenture (Ingersoll-Rand PLC), Second Supplemental Indenture (Ingersoll-Rand PLC), Third Supplemental Indenture (Ingersoll-Rand PLC)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, including any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor Issuer or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction (other than the United States) from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note GuaranteeNotes, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of the Notes after such withholding or deduction will shall equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder, if the relevant holder Holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of the Notes, the exercise or enforcement of rights under such Note, this Indenture Note or a Note Guaranteethe Indenture, or the receipt of payments in respect of such Note or a Note GuaranteeNote; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note GuaranteeNotes; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder Holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner of the Notes is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder Holder of the Notes if such holder Holder is a fiduciary or partnership or any person Person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee the Indenture or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note GuaranteeNotes, the Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee in writing promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely absolutely, and without liability to any Person therefor, on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant GuarantorIssuer, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable lawApplicable Law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may beIssuer, or if, notwithstanding such entitythe Issuer’s efforts to obtain such receipts, Tax receipts are not obtained, other evidence of payments (reasonably satisfactory to payment by the Trustee) by such entityIssuer of any Taxes so deducted or withheld. (d) Whenever in this the Indenture or the Notes this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeNotes, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The preceding obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction (other than the United States) in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction (other than the United States) from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 3 contracts

Sources: Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) Company under or with respect to the Notes a Note or any Note by a Guarantor under or with respect to a Guarantee shall will be made free and clear of and without withholding or deduction for, for or on account of, of any present or future Taxes unless the withholding tax, duty, levy, impost, assessment or deduction of such Taxes is then required by law. If the Issuerother governmental charge (including penalties, any Guarantor or any interest and other applicable withholding agent is required by law to withhold or deduct any amount forliabilities related thereto) (hereinafter, or on account of, any Taxes “Taxes”) imposed or levied by or on behalf of (1) the government of The Netherlands or any other jurisdiction (other than the United States) in which the Issuer Company or any Guarantor is or was incorporated, engaged in business, organized or is a resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from within or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or taxing authority or agency thereof or therein (each any of (1) and (2the aforementioned being a “Taxing Jurisdiction”), a “Tax Jurisdiction”) in respect unless the Company or such Guarantor is required to withhold or deduct any such Taxes by law or by the interpretation or administration thereof. If the Company or any Guarantor is so required to withhold or deduct any amount for or on account of Taxes from any payments payment made under or with respect to the Notes a Note or any Note Guarantee, including, without limitation, payments a Guarantee of principal, redemption price, purchase price, interest or premiumsuch Guarantor, the Issuer Company or the relevant such Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order so that the net amounts amount received and retained in respect by the Holder of such payments by each beneficial owner of Notes Note (including Additional Amounts) after such withholding or deduction of such Taxes will equal not be less than the respective amounts that amount such Holder would have received if such Taxes had not been received and retained in respect of such payments in the absence of such withholding required to be withheld or deductiondeducted; provided, however, that no notwithstanding the foregoing, Additional Amounts shall will not be payable paid with respect to: (1) any Taxes, to the extent such Taxes that would not have been imposed so imposed, deducted or withheld but for the holder existence of any present or former connection between the Holder or beneficial owner of the Notes a Note (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner of such Note, if the relevant holder Holder or beneficial owner is an estate, nominee, trust, nominee, partnership, limited liability company partnership or corporation) being and the relevant Taxing Jurisdiction, including, without limitation, the Holder or beneficial owner being, or having been been, a citizen or resident or national ofcitizen, national, or incorporatedresident, being, or having been, engaged in a trade or business inbusiness, being being, or having been been, physically present in or having had a permanent establishment in, in the relevant Tax Taxing Jurisdiction (but not including the mere receipt of such payment or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition holding of Notesor the execution, the exercise delivery, registration or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee); (2) subject to the last paragraph of this Section, any Taxesestate, inheritance, gift, sales, excise, transfer or personal property tax or similar tax, assessment or governmental charge; (3) any Taxes payable otherwise than by deduction or withholding from payments under or with respect to such Note or Guarantee; (4) any Taxes that would not have been so imposed, deducted or withheld if the Holder or beneficial owner of the Note or beneficial owner of any payment on such Note had (i) made a declaration of nonresidence, or any other claim or filing for exemption, to which it is entitled or (ii) complied with any certification, identification, information, documentation or other reporting requirement concerning the extent nationality, residence, identity or connection with the relevant Taxing Jurisdiction of such Holder or beneficial owner of such Note or any payment on such Note (provided that (x) such declaration of nonresidence or other claim or filing for exemption or such compliance is required by the applicable law of the Taxing Jurisdiction as a precondition to exemption from, or reduction in the rate of the imposition, deduction or withholding of, such Taxes were imposed as a result and (y) at least 60 days prior to the first payment date with respect to which such declaration of non-residence or other claim or filing for exemption or such compliance is required under the applicable law of the presentation Taxing Jurisdiction, the relevant Holder at that time has been notified by the Company, any Guarantor or any other person through whom payment may be made that a declaration of a non-residence or other claim or filing for exemption or such compliance is required to be made); (5) any Taxes that would not have been so imposed, deducted or withheld if the beneficiary of the payment had presented the Note for payment (where presentation is required) more than within 30 days after the relevant date on which such payment or such Note became due and payable or the date on which payment thereof is first made available for payment to the holder duly provided for, whichever is later (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 30-day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on under or with respect to a Note to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder Holder that is a fiduciary fiduciary, limited liability company or partnership or any person other than the sole beneficial owner of such payment or Note, to the extent that a beneficiary or settlor with respect to such Taxes fiduciary, a member of such a partnership or limited liability company or the beneficial owner of such payment or Note would not have been imposed on such payments entitled to the Additional Amounts had such holder beneficiary, settlor, member or beneficial owner been the sole beneficial owner actual Holder of such Note; (7) any Taxes imposed on a payment to an individual and required to be made pursuant to European Council Directive 2003/48/EC (the “Directive”) or any law implementing or complying with, or introduced in order to conform to, the Directive; (8) any Note presented for payment by, or on behalf of, a Holder who would have been able to avoid such Taxes that are imposed pursuant by presenting the relevant note to current Section 1471 through 1474 another Paying Agent in a Member State of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)European Union; or (9) any combination of clauses items (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors The foregoing provisions shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, apply mutatis mutandis to any such Taxes imposed in a Tax Taxing Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any successor Person to the Company or a Guarantor. The Company or the applicable Guarantor will also make any applicable withholding or deduction and remit the full amount deducted or withheld to the relevant authority in accordance with applicable law. The Company or the applicable Guarantor will furnish to the Trustee, within 30 days after the date the payment of any Taxes deducted or withheld is due pursuant to applicable law, certified copies of tax receipts or, if such tax receipts are not reasonably available to the Company or such Guarantor, such other documentation that provides reasonable evidence of such payment by the Company or such Guarantor. Copies of such receipts or other documentation will be made available to the Holders or the Paying Agent, as applicable, upon request. At least 15 days prior to each date on which any payment under or with respect to the any Notes or any Note Guaranteeis due and payable, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the such obligation to pay Additional Amounts arises after the 30th day prior to that payment such date, in which case it shall be promptly delivered thereafter, if the Issuer Company or any Guarantor will be obligated to pay Additional Amounts with respect to such payment, the relevant Company or such Guarantor shall notify will deliver to the Trustee promptly thereafter) and the Paying Agent an Officer’s Officers’ Certificate stating the fact that such Additional Amounts will be payable and the amount amounts estimated to be so payable. The Officer’s Certificate must also payable and will set forth any such other information reasonably necessary to enable the such Paying Agents Agent to pay such Additional Amounts to Holders of such Notes on the relevant payment date. The Issuer Company or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. Each Officers’ Certificate shall be relied upon until receipt of a further Officers’ Certificate addressing such matters. The Trustee shall be entitled to rely absolutely solely on an Officer’s such Officers’ Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this the Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principalPrincipal, interest or of any other amount payable under, under or with respect to, to any of the Notes or any Note GuaranteeNote, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive . The Company and the Guarantors will pay any terminationpresent or future stamp, defeasance court or discharge documentary taxes or any other excise or property taxes, charges or similar levies that arise in any jurisdiction from the execution, delivery, enforcement or registration of this Indenture, any transfer by a holder or beneficial owner of its the Notes, and will applythe Indenture or any other document or instrument in relation thereto, mutatis mutandisexcluding all such taxes, to charges or similar levies imposed by any jurisdiction outside any jurisdiction in which the Company or any Guarantor or any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, purposes or any jurisdiction from in which a Paying Agent is located, other than those resulting from, or through which payment is made under required to be paid in connection with, the enforcement of the Notes, the Guarantee or any other such document or instrument following the occurrence of any Event of Default with respect to the Notes. The Company and the Guarantors agree to indemnify the Holders of the Notes (or for any Note Guarantee) such non-excluded taxes paid by or on behalf of such Person and, in each case, any political subdivision thereof or thereinHolders.

Appears in 3 contracts

Sources: Supplemental Indenture (Owens-Illinois Group Inc), Indenture (Owens-Illinois Group Inc), Indenture (Owens-Illinois Group Inc)

Additional Amounts. (a) All payments made by or on behalf in respect of the Issuer or Notes (including any of the Guarantors (including, in each case, any successor entitypayments made pursuant to a Note Guarantee) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without any withholding or deduction for, for or on account of, of any present or future Taxes Taxes, unless the withholding or deduction of such Taxes is then required by lawlaw or by the administration thereof. If the Issuer, any Guarantor or any other applicable withholding agent is so required by any law of any Taxing Jurisdiction to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with sum payable in respect to of the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumNotes, the Issuer or the relevant applicable Guarantor, as applicablethe case may be, shall will (1) pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect receivable by Holders (or beneficial owners) of such payments by each beneficial owner of any Notes after such withholding or deduction will equal the respective amounts that would have been received and retained (including any withholding or deduction in respect of such payments payment of Additional Amounts) equals the respective amounts which would have been receivable by such Holders (or beneficial owners) in the absence of such withholding or deduction; provided, however(2) make such withholding or deduction, and (3) pay the full amount withheld or deducted to the relevant tax or other authority in accordance with applicable law, except that no such Additional Amounts shall will be payable with in respect toof any Note: (1i) any Taxes, to the extent that such Taxes would not have been are imposed but for the holder or levied by reason of such Holder (or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporationowner) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former some connection with the relevant Tax Jurisdiction, Taxing Jurisdiction other than any connection arising solely from the acquisition, ownership mere holding (or disposition beneficial ownership) of Notes, the exercise such Note or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of receiving payments in respect of such the Note or (including any payments made pursuant to a Note Guarantee) or enforcing its rights thereunder (including, but not limited to: citizenship, nationality, residence, domicile, or existence of a business, permanent establishment, a dependent agent, a place of business or a place of management present or deemed present in the Taxing Jurisdiction); (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable Tax is imposed other than by deduction or withholding from payments under, or with in respect to, of the Notes or (including any payments made pursuant to a Note Guarantee); (5iii) in respect of any Taxes to the extent such Taxes that would not have been imposed so deducted or withheld but for the failure of by the holder Holder (or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, owner) to comply with any certification, identification, information identification or other reporting requirementsrequirement concerning such Holder’s (or beneficial owner’s) nationality, whether residence, identity or connection with the Taxing Jurisdiction if (1) compliance is required by statuteapplicable law, treatyregulation, regulation or administrative practice of a Tax Jurisdiction, or treaty as a precondition to exemption fromfrom all or part of the Taxes, (2) the Holder (or reduction beneficial owner) is able to comply with these requirements without undue hardship and (3) the Issuer has given the Holders (or beneficial owners) at least 30 calendar days prior notice that they will be required to comply with such requirement; (iv) in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification event that the holder Holder fails to surrender (where surrender is required) its Note for payment within 30 days after the Issuer has made available a payment of principal or interest; provided that the Issuer shall pay Additional Amounts to which a Holder (or beneficial owner is not resident in owner) would have been entitled had the Tax Jurisdiction), but in each case, only Note been surrendered on the last day of such 30-day period; (v) to the extent the holder that such Taxes are estate, inheritance, gift, personal property, excise, transfer, use or beneficial owner is legally eligible to provide such certification sales or documentationany similar Taxes; (6vi) where such Taxes are imposed on or in respect of any Note pursuant to sections 1471 to 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), any successor law or regulation implementing or complying with, or introduced in order to conform to, such sections (to the extent each successor law or regulation is not materially more onerous than such sections as enacted on such date) or any intergovernmental agreement or any agreement entered into pursuant to section 1471(b)(1) of the Code; (vii) to the extent that such Taxes are imposed or withheld in connection with a Note presented the presentation of any note for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes such notes who would have been able to the extent avoid such Taxes could have been avoided by presenting the relevant Note note to, or otherwise accepting payment from, another Paying Agent; or (viii) any combination of items (i) through (vii) above; (7b) any Taxes imposed on or with respect No Additional Amounts will be paid to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder a Holder that is a fiduciary or a partnership or any person other than not the sole beneficial owner of such payment to the extent that a beneficiary or settlor with respect to such Taxes fiduciary, a member of such partnership or such beneficial owner would not have been imposed on such payments entitled to receive the Additional Amounts had such holder beneficiary, settlor, member or beneficial owner been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)Holder. (bc) If All references in this Indenture to principal, premium, if any, and interest on the Notes shall include any Additional Amounts payable by the Issuer or any Guarantorthe Guarantors, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with in respect to any payment under or with respect to the Notes or any Note Guaranteeof such principal, the Issuer or the relevant Guarantorpremium, as the case may beif any, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment and interest. (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafterd) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will shall promptly provide the Trustee with documentation reasonably satisfactory to a copy of the Trustee evidencing the payment official acknowledgment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant GuarantorTaxing Jurisdiction (or, if it such acknowledgment is the applicable withholding agentnot available, shall make all withholdings and deductions (within the time periodother reasonable documentation) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so withheld or deducted from a payment in respect of the Notes by or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment on behalf of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding . Copies of such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory documentation will be made available to the TrusteeHolders (or beneficial owners) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principalthe Paying Agent, interest or of any other amount payable underas applicable, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereofupon written request therefor. (e) This Section 4.06 The Issuer shall survive pay any terminationstamp, defeasance issue, registration, documentary or discharge of this Indentureother similar taxes and duties, any transfer including interest and penalties, imposed by a holder Taxing Jurisdiction in respect of the creation, issue, delivery, registration and offering of the Notes or beneficial owner the execution of its the Notes, the Note Guarantees, this Indenture or any other related document or instrument. The Issuer shall also pay and will applyindemnify the Trustee, mutatis mutandisthe Holders and beneficial owners, to and the Paying Agent from and against all court taxes or other taxes and duties, including interest and penalties, paid by any of them in any jurisdiction in which connection with any successor Person action permitted to be taken by the Issuer (or any Guarantor) is incorporatedTrustee, engaged in business, organized or resident for tax purposesthe Holders and beneficial owners, or any jurisdiction from or through which payment is made the Paying Agent to enforce the Issuer’s obligations under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or thereinNotes.

Appears in 3 contracts

Sources: Indenture (Auna S.A.), Indenture (Auna S.A.), Indenture (Auna S.A.A.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Backstop Notes or any Note Guarantee thereof shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Backstop Notes or any Note GuaranteeGuarantee thereof, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, interest interest, duration fees or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by each Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 3 contracts

Sources: Second Supplemental Indenture (Norwegian Cruise Line Holdings Ltd.), Second Supplemental Indenture (NCL CORP Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) Company under or with respect to the Notes a Note or any Note by a Guarantor under or with respect to a Guarantee shall will be made free and clear of and without withholding or deduction for, for or on account of, of any present or future Taxes unless the withholding tax, duty, levy, impost, assessment or deduction of such Taxes is then required by law. If the Issuerother governmental charge (including penalties, any Guarantor or any interest and other applicable withholding agent is required by law to withhold or deduct any amount forliabilities related thereto) (hereinafter, or on account of, any Taxes “Taxes”) imposed or levied by or on behalf of (1) the government of The Netherlands or any other jurisdiction (other than the United States) in which the Issuer Company or any Guarantor is or was incorporated, engaged in business, organized or is a resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from within or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or taxing authority or agency thereof or therein (each any of (1) and (2the aforementioned being a “Taxing Jurisdiction”), a “Tax Jurisdiction”) in respect unless the Company or such Guarantor is required to withhold or deduct any such Taxes by law or by the interpretation or administration thereof. If the Company or any Guarantor is so required to withhold or deduct any amount for or on account of Taxes from any payments payment made under or with respect to the Notes a Note or any Note Guarantee, including, without limitation, payments a Guarantee of principal, redemption price, purchase price, interest or premiumsuch Guarantor, the Issuer Company or the relevant such Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order so that the net amounts amount received and retained in respect by the Holder of such payments by each beneficial owner of Notes Note (including Additional Amounts) after such withholding or deduction of such Taxes will equal not be less than the respective amounts that amount such Holder would have received if such Taxes had not been received and retained in respect of such payments in the absence of such withholding required to be withheld or deductiondeducted; provided, however, that no notwithstanding the foregoing, Additional Amounts shall will not be payable paid with respect to: (1) any Taxes, to the extent such Taxes that would not have been imposed so imposed, deducted or withheld but for the holder existence of any present or former connection between the Holder or beneficial owner of the Notes a Note (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner of such Note, if the relevant holder Holder or beneficial owner is an estate, nominee, trust, nominee, partnership, limited liability company partnership or corporation) being and the relevant Taxing Jurisdiction, including, without limitation, the Holder or beneficial owner being, or having been been, a citizen or resident or national ofcitizen, national, or incorporatedresident, being, or having been, engaged in a trade or business inbusiness, being being, or having been been, physically present in or having had a permanent establishment in, in the relevant Tax Taxing Jurisdiction (but not including the mere receipt of such payment or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition holding of Notesor the execution, the exercise delivery, registration or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee); (2) subject to the last paragraph of this Section, any Taxesestate, inheritance, gift, sales, excise, transfer or personal property tax or similar tax, assessment or governmental charge; (3) any Taxes payable otherwise than by deduction or withholding from payments under or with respect to such Note or Guarantee; (4) any Taxes that would not have been so imposed, deducted or withheld if the Holder or beneficial owner of the Note or beneficial owner of any payment on such Note had (i) made a declaration of nonresidence, or any other claim or filing for exemption, to which it is entitled or (ii) complied with any certification, identification, information, documentation or other reporting requirement concerning the extent nationality, residence, identity or connection with the relevant Taxing Jurisdiction of such Holder or beneficial owner of such Note or any payment on such Note (provided that (x) such declaration of nonresidence or other claim or filing for exemption or such compliance is required by the applicable law of the Taxing Jurisdiction as a precondition to exemption from, or reduction in the rate of the imposition, deduction or withholding of, such Taxes were imposed as a result and (y) at least 60 days prior to the first payment date with respect to which such declaration of non-residence or other claim or filing for exemption or such compliance is required under the applicable law of the presentation Taxing Jurisdiction, the relevant Holder at that time has been notified by the Company, any Guarantor or any other person through whom payment may be made that a declaration of a non-residence or other claim or filing for exemption or such compliance is required to be made); (5) any Taxes that would not have been so imposed, deducted or withheld if the beneficiary of the payment had presented the Note for payment (where presentation is required) more than within 30 days after the relevant date on which such payment or such Note became due and payable or the date on which payment thereof is first made available for payment to the holder duly provided for, whichever is later (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 30-day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on under or with respect to a Note to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder Holder that is a fiduciary fiduciary, limited liability company or partnership or any person other than the sole beneficial owner of such payment or Note, to the extent that a beneficiary or settlor with respect to such Taxes fiduciary, a member of such a partnership or limited liability company or the beneficial owner of such payment or Note would not have been imposed on such payments entitled to the Additional Amounts had such holder beneficiary, settlor, member or beneficial owner been the sole beneficial owner actual Holder of such Note; (7) any Taxes imposed on a payment to an individual and required to be made pursuant to European Council Directive 2003/48/EC (the “Directive”) or any law implementing or complying with, or introduced in order to conform to, the Directive; (8) any Note presented for payment by, or on behalf of, a Holder who would have been able to avoid such Taxes that are imposed pursuant by presenting the relevant note to current Section 1471 through 1474 another Paying Agent in a Member State of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)European Union; or (9) any combination of clauses items (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors The foregoing provisions shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, apply mutatis mutandis to any such Taxes imposed in a Tax Taxing Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any successor Person to the Company or a Guarantor. The Company or the applicable Guarantor will also make any applicable withholding or deduction and remit the full amount deducted or withheld to the relevant authority in accordance with applicable law. The Company or the applicable Guarantor will furnish to the Trustee, within 30 days after the date the payment of any Taxes deducted or withheld is due pursuant to applicable law, certified copies of tax receipts or, if such tax receipts are not reasonably available to the Company or such Guarantor, such other documentation that provides reasonable evidence of such payment by the Company or such Guarantor. Copies of such receipts or other documentation will be made available to the Holders or the Paying Agent, as applicable, upon request. At least 15 days prior to each date on which any payment under or with respect to the any Notes or any Note Guaranteeis due and payable, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the such obligation to pay Additional Amounts arises after the 30th day prior to that payment such date, in which case it shall be promptly delivered thereafter, if the Issuer Company or any Guarantor will be obligated to pay Additional Amounts with respect to such payment, the relevant Company or such Guarantor shall notify will deliver to the Trustee promptly thereafter) and the Paying Agent an Officer’s Officers’ Certificate stating the fact that such Additional Amounts will be payable and the amount amounts estimated to be so payable. The Officer’s Certificate must also payable and will set forth any such other information reasonably necessary to enable the such Paying Agents Agent to pay such Additional Amounts to Holders of such Notes on the relevant payment date. The Issuer Company or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. Each Officers’ Certificate shall be relied upon until receipt of a further Officers’ Certificate addressing such matters. The Trustee shall be entitled to rely absolutely solely on an Officer’s such Officers’ Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, premium, if any, interest or of any other amount payable under, under or with respect to, to any of the Notes or any Note GuaranteeNote, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive . The Company and the Guarantors will pay any terminationpresent or future stamp, defeasance court or discharge documentary taxes or any other excise or property taxes, charges or similar levies that arise in any jurisdiction from the execution, delivery, enforcement or registration of this Indenture, any transfer by a holder or beneficial owner of its the Notes, and will applythis Indenture or any other document or instrument in relation thereto, mutatis mutandisexcluding all such taxes, to charges or similar levies imposed by any jurisdiction outside any jurisdiction in which the Company or any Guarantor or any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, purposes or any jurisdiction from in which a Paying Agent is located, other than those resulting from, or through which payment is made under required to be paid in connection with, the enforcement of the Notes, the Guarantee or any other such document or instrument following the occurrence of any Event of Default with respect to the Notes. The Company and the Guarantors agree to indemnify the Holders of the Notes (or for any Note Guarantee) such non-excluded taxes paid by or on behalf of such Person and, in each case, any political subdivision thereof or thereinHolders.

Appears in 3 contracts

Sources: Supplemental Indenture (Owens-Illinois Group Inc), Indenture (Owens-Illinois Group Inc), Indenture (Owens-Illinois Group Inc)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Class A Notes or any Note Guarantee thereof shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Class A Notes or any Note GuaranteeGuarantee thereof, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, interest interest, duration fees or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by each Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Class A Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Class A Notes, the exercise or enforcement of rights under such Class A Note, this Indenture any Note Guarantee thereof or a Note Guaranteethe Indenture, or the receipt of payments in respect of such Class A Note or a any Note GuaranteeGuarantee thereof; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Class A Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Class A Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes;; ​ ​ (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Class A Notes or any Note GuaranteeGuarantee thereof; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Class A Notes, following the Issuer’s reasonable written request addressed to the holder Holder at least 60 30 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Class A Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Class A Notes to the extent such Taxes could have been avoided by presenting the relevant Class A Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder Holder of the Class A Notes if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Class A Note; (8) any Taxes imposed by the United States, any state thereof or the District of Columbia, or any subdivision thereof or territory thereof, including any U.S. federal withholding taxes and any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”), or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction relevant Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Indenture, the Class A Notes, this Indenture, any Note Guarantee thereof or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Class A Notes or any Note Guarantee thereof (limited, solely in the case of Taxes attributable to the receipt of any paymentspayments or that are imposed on or result from a sale or other transfer or disposition of a Class A Note by a Holder or a beneficial owner, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)., save in each case for any such taxes, charges or levies which arise or are increased as a result of any document effecting the registration, issue or delivery of any of the Class A Notes either being signed or executed in the United Kingdom or being brought into the United Kingdom. ​ ​ (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Class A Notes or any Note GuaranteeGuarantee thereof, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder of this Class A Note upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this the Indenture or the Notes this Class A Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Class A Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Class A Notes or any Note GuaranteeGuarantee thereof, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The preceding obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder Holder or beneficial owner of its Class A Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Class A Notes (or any Note GuaranteeGuarantee thereof) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Second Supplemental Indenture (Norwegian Cruise Line Holdings Ltd.), Second Supplemental Indenture (NCL CORP Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Issuers or any of the Guarantors (including, in each case, any successor entity) Guarantor under or with respect to the Notes or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, for or on account of, of any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor such withholding or any other applicable withholding agent deduction is required by law to withhold or deduct any amount for, for or on account of, any of Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction a Relevant Taxing Jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or under any Note Guarantee, including, without limitation, Guarantee (including payments of principal, redemption price, purchase price, interest or premiumpremium (if any)), the Issuer Issuers or the relevant such Guarantor, as applicablethe case may be, shall will pay (together with such payments) such additional amounts (the “Additional Amounts”) as may be necessary in order so that the net amounts amount received and retained in respect of such payments by each beneficial owner of Notes (including Additional Amounts) after such withholding or deduction will equal the respective amounts that amount the beneficial owner would have received if such Taxes had not been received and retained in respect of such payments in the absence of such withholding withheld or deductiondeducted; provided, however, that no Additional Amounts shall will be payable with respect to: (1i) any TaxesTax, to the extent such Taxes Tax would not have been imposed but for the existence of any actual or deemed present or former connection between the holder or the beneficial owner of such Notes and the Notes Relevant Taxing Jurisdiction (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) including being or having been a national, citizen or resident or national of, or incorporated, engaged in carrying on a trade or business in, being or having been physically present in or having or having had a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Relevant Taxing Jurisdiction, ) other than any a connection arising solely from the acquisition, ownership ownership, holding or disposition of the Notes, the exercise or enforcement of rights under such Note, this Indenture the Notes or a Note Guarantee, any Guarantee or the receipt of payments under or in respect of such Note the Notes or a Note any Guarantee; (2ii) any TaxesTax, to the extent such Taxes were Tax is imposed or withheld as a result of the failure of the holder or beneficial owner of the Notes to comply with any reasonable written request of the Issuers addressed to the holder or beneficial owner and made at least 45 days before any such withholding or deduction would be payable, to satisfy any certification, identification or other reporting requirements concerning the nationality, residence, identity or connection with the Relevant Taxing Jurisdiction of such holder or beneficial owner which is required by applicable law, treaty, regulation or administrative practice of the Relevant Taxing Jurisdiction as a precondition to exemption from, or reduction in the rate of deduction or withholding of, all or part of such Tax (including, without limitation, a certification that the holder or beneficial owner is not resident in the Relevant Taxing Jurisdiction), but in each case, only to the extent such holder or beneficial owner is legally eligible to provide such certification or other documentation; (iii) any Tax that would not have been imposed if the presentation of a Note for payment Notes (where presentation is required) more than for payment had occurred within 30 days after the relevant date such payment was due and payable or was duly provided for, whichever is first made available for payment to the holder later (except to the extent that the holder or beneficial owner would have been entitled to Additional Amounts had the Note note been presented on the last day of within such 30 30-day period); (3iv) any estate, inheritance, gift, salevalue added, transfer, personal property sales or similar TaxesTax; (4v) any Taxes Tax, to the extent such Tax imposed in respect of a holder or beneficial owner and required to be withheld or deducted pursuant to the European Union Directive on the taxation of savings income (the “Directive”) that was adopted by the ECOFIN Council of the European Union (the Counsel of EU finance and economic ministers) on June 3, 2003, or any other Directive implementing the conclusions of the ECOFIN meeting of November 26-27, 2000, or any law implementing or complying with, or introduced in order to conform to, the Directive or the Luxembourg law of December 23, 2005; (vi) any Tax that could have been avoided by the presentation of Notes (where presentation is required) for payment to another paying agent in a member state of the European Union; (vii) any Tax payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note the Guarantee; (5viii) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 1747 of the Code as of the Issue Date (or any amended or successor version that is substantively substantially comparable and not materially more onerous to comply with), any regulations promulgated or agreements thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)an intergovernmental approach thereto; or (9ix) any combination of clauses (1i) through (8) viii) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall agent will (i) make all withholdings any required withholding or deduction; and deductions (within the time periodii) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority Relevant Taxing Authority in accordance with applicable law. The Issuer Issuers or the relevant Guarantor shall any Guarantor, as applicable, will use its all reasonable efforts to obtain Tax certified copies of tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, from each Relevant Taxing Jurisdiction imposing such Taxes and will provide such certified copies to the Trustee. If certified copies of Tax such tax receipts evidencing payment by are not reasonably obtainable, the Issuer Issuers or a such Guarantor, as applicable, shall provide the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, Trustee with other evidence of payments (payment reasonably satisfactory to the Trustee. Such certified copies or other evidence shall be made available to holders upon request. (c) Each of the Issuers and the Guarantors will indemnify and hold harmless each holder and beneficial owner from and against any Taxes withheld or deducted (other than Taxes excluded by clauses (i) through (ix) above) that are levied or imposed on a holder or beneficial owner (x) as a result of payments made under or with respect to the Notes or (y) with respect to any indemnification payments under the foregoing clause (x) or this clause (y), such that the net amount received by such entityholder or beneficial owner after such indemnification payments will not be less than the net amount the holder or beneficial owner would have received if the Taxes described in clauses (x) and (y) above had not been imposed. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, premium (if any) or interest or of any other amount payable under, under or with respect to, to any of the Notes or any Note GuaranteeNotes, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The Issuers will pay any present or future stamp, issue, registration, court or documentary Taxes, or any other excise, property or similar Taxes, that arise in any jurisdiction from the execution, issuance, delivery, registration or enforcement of the Notes, any Guarantee, this Indenture, or any other document or instrument referred to therein, or the receipt of any payments with respect to the Notes or the Guarantees (“Documentary Taxes”); provided that the Issuer will not be liable for any Luxembourg registration duties, which would become payable as a result of the registration, by any holder, of the documents relating to the Notes, any Guarantee, this Indenture, or any other document or instrument referred to herein or therein, when such registration is not required to enforce that holder’s rights under the documents relating to the Notes, any Guarantee, this Indenture, or any other document or instrument referred to herein or therein. (f) The obligation to pay Additional Amounts and Documentary Taxes under the terms and conditions described above will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, apply mutatis mutandis, mutandis to any successor to the Issuers or any Guarantor and to any jurisdiction in which any such successor Person to the Issuer (or any Guarantor) is incorporated, organized, resident or engaged in business, organized or resident business for tax purposes, or any jurisdiction from or through which any such successor makes payment is made under or with respect to on the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, and any political subdivision or Taxing Authority thereof or therein.

Appears in 2 contracts

Sources: Indenture (Mallinckrodt PLC), Indenture (Mallinckrodt PLC)

Additional Amounts. (a) All payments made by or on behalf As it applies to the Notes, Section 10.19 of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee Original Indenture shall be made free amended by: (i) deleting the word “Brazil” throughout such Section 10.19 and clear replacing it with the expression “Taxing Jurisdiction” (as defined in Section 1.02 of and without this Fifth Supplemental Indenture); (ii) adding the phrase, “, levies” after the phrase, “deduction or withholding or deduction for, or on account of, for any present or future Taxes unless taxes” in the withholding or deduction first sentence of such Taxes is then required by law. If Section 10.19; (iii) deleting the Issuerphrase, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for“who, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to any such tax, assessment or other governmental charge, is not resident in Brazil” in the Notes first sentence of such Section 10.19; (iv) deleting the proviso to the first sentence of such Section 10.19 that includes clauses (1)-(7) thereof and ends with the phrase, “who would not have been entitled to such Additional Amounts had it been the Holder or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantorbeneficial owner, as applicablethe case may be, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after Security” and replacing such withholding or deduction will equal proviso with the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deductionfollowing: “; provided, however, that no the Company shall not be required to make any payment of Additional Amounts shall be payable with respect tothat is imposed due to any of the following: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of Trustee has a connection with the Taxing Jurisdiction other than merely holding the Notes or receiving principal or interest payments on the Notes (such as citizenship, nationality, residence, domicile, or existence of a business, a permanent establishment, a dependent agent, a place of business or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor place of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other management present or former connection with deemed present within the relevant Tax Taxing Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee); (2) any Taxestax imposed on, or measured by, net income; (3) such Holder or the Trustee fails to comply with any certification, identification or other reporting requirements concerning its nationality, residence, identity or connection with the Taxing Jurisdiction, if (x) such compliance is required by applicable law, regulation, administrative practice or treaty as a precondition to exemption from all or a part of the tax, levy, deduction or other governmental charge, (y) such Holder or the Trustee is able to comply with such requirements without undue hardship and (z) at least 30 calendar days prior to the extent first payment date with respect to which such Taxes were imposed as a result of requirements under the presentation of a Note for payment applicable law, regulation, administrative practice or treaty will apply, the Company has notified all Holders that they will be required to comply with such requirements; (4) such Holder or the Trustee fails to present (where presentation is required) more than its Note within 30 calendar days after the relevant payment is first Company has made available for to such Holder or the Trustee a payment to under the holder (except to the extent Notes and this Indenture, provided that the holder Company will pay Additional Amounts which a Holder or the Trustee would have been entitled to Additional Amounts had the Note owned by such Holder or the Trustee been presented on any day (including the last day of day) within such 30 calendar day period); (35) any estate, inheritance, gift, salevalue added, transfer, personal property use or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes sales taxes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notessimilar taxes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information assessments or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation;governmental charges; or (6) any Taxes such taxes, levies, deductions or other governmental charges are imposed in connection with on a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to an individual and are required to be made pursuant to any European Union Council Directive implementing the extent such Taxes could have been avoided by presenting conclusions of the relevant Note ECOFIN Council meeting of November 26-27, 2000 on the taxation of savings income, or any law implementing or complying with, or introduced in order to conform to, or otherwise accepting payment from, another Paying Agentsuch directive; (7) any Taxes imposed where such Holder or the Trustee could have avoided such taxes, levies, deductions or other governmental charges by requesting that a payment on the Notes be made by, or with respect to any presenting the relevant notes for payment by the Issuer or any to, another paying agent of the Guarantors to the holder Company located in a member state of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)European Union; or (98) where the Holder or the Trustee would have been able to avoid the tax, levy, deduction or other governmental charge by taking reasonable measures available to such Holder or the Trustee .” (v) any combination adding the following new paragraph at the end of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors Section 10.19: “The Company shall also promptly pay and indemnify the holder for when due any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, taxes or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which that are levied imposed by a Taxing Jurisdiction that arise from any jurisdiction on payment under the Notes or under any other document or instrument referred herein or therein or from the execution, delivery, issuance, enforcement or registration of any of the Notes, this Indenture, any each Note Guarantee or any other document or instrument referred to herein or therein, or . The Company shall indemnify and make whole the receipt of any payments with respect thereto, or enforcement of, any Holders of the Notes for any present or future stamp, court or documentary taxes or any Note Guarantee (limitedother excise or property taxes, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) charges or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be similar levies payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) provided in this paragraph paid by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount Holder of the Notes Notes. The Company shall, if European Council Directive 2003/48/EC or of principal, interest or of any other amount payable under, or with respect to, any Directive implementing the conclusions of the Notes or any Note GuaranteeECOFIN council meeting of November 26-27, such mention shall be deemed to include mention 2000 is brought into force, ensure that it maintains a paying agent hereunder in a member state of the payment of Additional Amounts European Union that will not be obliged to the extent that, in withhold or deduct tax pursuant to such context, Additional Amounts are, were or would be payable in respect thereofDirective. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Supplemental Indenture (Brazilian Petroleum Corp), Supplemental Indenture (Brazilian Petroleum Corp)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any Guarantor or any successor in interest to any of the Guarantors foregoing (includingeach, in each case, any successor entitya “Payor”) under on or with respect to the Notes or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes tax, duty, levy, impost, assessment or other similar governmental charge (collectively, “Taxes”) unless the such withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of of: (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2a) any jurisdiction from or through which payment on the Notes or any payment Guarantee is made by or on behalf of the Issuer or any Guarantor (includingsuch Payor, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or governmental authority thereof or therein having the power to tax; or (b) any other jurisdiction in which a Payor that actually makes a payment on the Notes or its Guarantee is organized or otherwise considered to be a resident for tax purposes, or any political subdivision or governmental authority thereof or therein having the power to tax (each of clauses (1a) and (2b), a “Tax Relevant Taxing Jurisdiction”) in respect of ), will at any time be required from any payments under or made with respect to the Notes or any Note Guarantee, including, without limitation, including payments of principal, redemption price, purchase price, interest or premium, if any, the Issuer or the relevant Guarantor, as applicable, shall Payor will pay (together with such payments) such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes the Holders or the Trustee, as the case may be, after such withholding or deduction (including any such deduction or withholding from such Additional Amounts), will equal not be less than the respective amounts that would have been received and retained in respect of such payments on the Notes or the Guarantees in the absence of such withholding or deduction; provided, however, that no such Additional Amounts shall will be payable with respect tofor or on account of: (1i) any Taxes, to the extent such Taxes that would not have been so imposed or levied but for the holder existence of any present or former connection between the beneficial owner of the Notes relevant Holder (or between a fiduciary, settlor, beneficiary, partner ofpartner, member or shareholder of, or possessor of a power over, the relevant holderHolder, if the relevant holder such Holder is an estate, nominee, trust, nominee, partnership, limited liability company or corporation) and the Relevant Taxing Jurisdiction (including being or having been a citizen or resident or national of, or incorporated, engaged in carrying on a trade business or business in, being or having been physically present in or having maintaining a permanent establishment in, or being physically present in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Relevant Taxing Jurisdiction) but excluding, other than in each case, any connection arising solely from the acquisition, ownership or disposition holding of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, Notes or the receipt of payments any payment in respect thereof; (ii) any Taxes that would not have been so imposed or levied if the Holder had complied with a reasonable request in writing of the Payor (such Note request being made at a time that would enable such holder acting reasonably to comply with that request) to make a declaration of nonresidence or any other claim or filing or satisfy any certification, identification, information or reporting requirement for exemption from, or reduction in the rate of, withholding to which it is entitled (provided that such declaration of nonresidence or other claim, filing or requirement is required by the applicable law, treaty, regulation or official administrative practice of the Relevant Taxing Jurisdiction as a precondition to exemption from the requirement to deduct or withhold all or a Note part of any such Taxes); (iii) any Taxes that are payable otherwise than by deduction or withholding from a payment on the Notes or any Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iv) any estate, inheritance, gift, salesales, excise, transfer, personal property or similar Taxes; (4v) any Taxes payable other than by deduction that are required to be deducted or withholding from payments underwithheld on a payment pursuant to the Directive or any law implementing, or with respect introduced in order to conform to, the Notes or any Note GuaranteeDirective; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6vi) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could who would have been avoided able to avoid such Tax by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agentpaying agent in a member state of the European Union; (7vii) any Taxes imposed on or with respect pursuant to any payment by the Issuer Directive, or any of law implementing or complying with, or introduced in order to conform to, the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such NoteDirective; (8) viii) any Taxes that are imposed pursuant to current Section payable under Sections 1471 through 1474 of the Code Code, as of the date of the Offering Memorandum (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations promulgated thereunder, any or official interpretations thereof, any agreements (including any intergovernmental agreement between a non-U.S. jurisdiction agreements) entered into pursuant thereto, and the United States (or any related law or administrative practices or procedures) intergovernmental agreements implementing the foregoing (including any legislation or any agreements entered into pursuant other official guidance relating to current Section 1471(b)(1such intergovernmental agreements) of the Code (or any amended or successor version described above“FATCA”); or (9ix) any combination of the above. Such Additional Amounts will also not be payable (x) if the payment could have been made without such deduction or withholding if the beneficiary of the payment had presented the Note for payment (where presentation is required) within 30 days after the relevant payment was first made available for payment to the holder or (y) where, had the beneficial owner of the Note been the holder of the Note, such beneficial owner would not have been entitled to payment of Additional Amounts by reason of any of clauses (i) to (ix) inclusive above. The Payor will (1) through make any required withholding or deduction and (8) above. In addition 2) remit the full amount deducted or withheld to the foregoingrelevant taxing authority in accordance with applicable law. The Payor will use all reasonable efforts to obtain certified copies of tax receipts evidencing the payment of any Taxes so deducted or withheld from each relevant taxing authority imposing such Taxes and will provide such certified copies to the Trustee. If, notwithstanding the efforts of such Payor to obtain such receipts, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that same are not excluded under clauses (1) through (3) obtainable, such Payor will provide the Trustee with other reasonable evidence. Such receipts or (5) through (9) above or any combination thereof). (b) If other evidence will be made available by the Issuer or applicable Payor to Holders upon written request. If any Guarantor, as the case may be, becomes aware that it Payor will be obligated to pay Additional Amounts under or with respect to any payment under or with respect to made on the Notes or any Note Guarantee, the Issuer or the relevant Guarantorthen, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless such payment, the obligation Payor will deliver to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) and the Paying Agent an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any payable and such other information reasonably necessary to enable the Paying Agents Agent to pay Additional Amounts to Holders on the relevant payment date. The Issuer or date (unless such obligation to pay Additional Amounts arises less than 45 days prior to the relevant Guarantor will provide payment date, in which case the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee Payor shall be entitled to rely absolutely on an deliver such Officer’s Certificate and such other information as conclusive proof promptly as practicable after the date that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld 30 days prior to the relevant Tax authority payment date, but no less than five Business Days prior thereto, and otherwise in accordance with applicable law. The Issuer the requirements of Euroclear or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a GuarantorClearstream, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever applicable). Wherever in this Indenture or Indenture, the Notes or any Guarantee there is mentionedmention of, in any context, : (1) the payment of amounts based upon the principal amount principal; (2) redemption prices or purchase prices in connection with a redemption or purchase of the Notes or of principal, interest or of Notes; (3) interest; or (4) any other amount payable under, on or with respect to, to any of the Notes or any Note Guarantee, ; such mention reference shall be deemed to include mention of the payment of Additional Amounts as described under this Section 2.15 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. . The Payor will pay any present or future stamp, court or documentary Taxes, or any other excise, property or similar Taxes that arise in any Relevant Taxing Jurisdiction from the execution, delivery, issuance, initial resale, registration or enforcement of any Notes, this Indenture or any other document or instrument in relation thereto (e) This Section 4.06 shall other than a transfer of the Notes other than the initial resale thereof). The foregoing obligations will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, Indenture and will apply, apply mutatis mutandis, mutandis to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) a Payor is incorporated, engaged in business, organized or otherwise considered to be a resident for tax purposes, Tax purposes or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision or taxing authority or agency thereof or therein.

Appears in 2 contracts

Sources: Supplemental Indenture (Axalta Coating Systems Ltd.), Indenture (Axalta Coating Systems Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Company or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes (whether or not in the form of Definitive Registered Notes) or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1i) any jurisdiction (other than the United States) in which the Issuer Company or any Guarantor (including any successor entity), is or was then incorporated, engaged in business, organized or resident for tax purposes or any political subdivision or governmental authority thereof or therein or (2ii) any jurisdiction from or through which any payment is made by or on behalf of the Issuer Company or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or governmental authority thereof or therein (each of (1i) and (2ii), a “Tax Jurisdiction”) in respect of ), will at any time be required to be made from any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer Company or the relevant GuarantorGuarantor or other payor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each Holder or beneficial owner of Notes (including Additional Amounts) after such withholding withholding, deduction or deduction imposition will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: : (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder, if the relevant holder Holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged incorporated in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction in which such Taxes are imposed or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from the acquisition, ownership acquisition or disposition holding of such Notes, the exercise or enforcement of rights under such Note, this Note or the Indenture or under a Note Guarantee, Guarantee or the receipt of payments in respect of such Note or a Note Guarantee; ; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); ; (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; ; (4iv) any Taxes imposed as result of any Note presented for payment (where presentation is required) by or on behalf of a Holder who would have been able to avoid such withholding or deduction by presenting the relevant Note to another Paying Agent in a member state of the European Union; (v) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or with respect to any Note Guarantee; ; (5vi) any Taxes to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder Holder or beneficial owner of the Notes, following the IssuerCompany’s reasonable written request addressed to the holder Holder or beneficial owner at least 60 days before any such withholding or deduction would be imposedpayable to the Holder or beneficial owner, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible entitled to provide such certification or documentation; ; (6vii) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) withheld by or on behalf reason of a holder the failure of the Holder or beneficial owner of the Notes to comply with the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any requirements of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), as of the date of the Offering Memorandum (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any regulations promulgated thereunder, the U.S. Treasury Regulations issued thereunder or any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (interpretation thereof or any related law or administrative practices or procedures) implementing the foregoing or any agreements agreement entered into pursuant to current Section 1471(b)(1) 1471 of the Code Code; or (or any amended or successor version described above); or (9viii) any combination of clauses (1i) through (8) vii) above. . (b) In addition to the foregoing, the Issuer Company and the Guarantors shall will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax any other liabilities related thereto) which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)Guarantee. (bc) If the Issuer Company or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer Company or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer Company or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer Company or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary, and may conclusively presume that no payments are necessary unless and until it receives any such Officer’s Certificate. (cd) The Issuer Company or the relevant Guarantor, if it is the applicable withholding agent, shall Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer Company or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer Company or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer Company or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (de) Whenever in this the Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (f) The obligations described under Sections 4.01(c), (d), (e) This Section 4.06 shall and (f) of the Indenture will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (Company or any Guarantor) Guarantor is incorporated, engaged in business, organized business for tax purposes or resident for tax purposes, purposes or any jurisdiction from or through which such Person makes any payment is made under or with respect to on the Notes (or any Note Guarantee) by and any department or on behalf of such Person and, in each case, any political subdivision or taxing authority or agency thereof or thereintherein having the power to tax.

Appears in 2 contracts

Sources: Indenture (Viking Holdings LTD), Indenture (Viking Holdings LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by each Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4iv) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5v) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder Holder at least 60 30 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6vi) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7vii) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder Holder of the Notes if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) viii) any Taxes imposed by the United States, any state thereof or the District of Columbia, or any subdivision thereof or territory thereof, including any U.S. federal withholding taxes and any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9ix) any combination of clauses (1‎‎(i) through (8) ‎‎(viii) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction relevant Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any paymentspayments or that are imposed on or result from a sale or other transfer or disposition of a Note by a Holder or a beneficial owner, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1‎‎(i) through (3‎‎(iii) or (5‎‎(v) through (9‎‎(ix) above or any combination thereof), save in each case for any such taxes, charges or levies which arise or are increased as a result of any document effecting the registration, issue or delivery of any of the notes either being signed or executed in the United Kingdom or being brought into the United Kingdom. (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder of the Notes upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 ‎‎Section 4.12 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes (whether or not in the form of Definitive Registered Notes) or any of the Guarantors with respect to its Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor (including any successor entity) is or was then incorporated, engaged in business, organized business or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2)each, a “Tax Jurisdiction”) in respect of will at any time be required to be made from any payments made by or on behalf of the Issuer under or with respect to the Notes or any of the Guarantors with respect to any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes holder (including Additional Amounts) after such withholding withholding, deduction or deduction imposition will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1i) any Taxes, to the extent such Taxes that would not have been imposed but for the holder or the beneficial owner Beneficial Owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present incorporated in or having carrying on a permanent establishment inbusiness, in the relevant Tax Jurisdiction in which such Taxes are imposed or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from the mere acquisition, ownership or disposition of Notesholding, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments payment in respect of such Note the Notes or a with respect to any Note Guarantee; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note presented for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4iv) any Taxes withheld, deducted or imposed on a payment to an individual and that are required to be made pursuant to European Council Directive 2003/48/EC or any other directive implementing the conclusions of the ECOFIN Council meeting of 26 and 27 November 2000 on the taxation of savings income, or any law implementing or complying with or introduced in order to conform to, such directive; (v) any Note presented for payment by or on behalf of a holder of Notes who would have been able to avoid such withholding or deduction by presenting the relevant Note to another Paying Agent; (vi) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or with respect to any Note Guarantee; (5vii) any Taxes to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder or beneficial owner Beneficial Owner of the Notes, following the Issuer’s reasonable written request addressed with reasonable prior written notice to the holder at least 60 days before any such withholding or deduction would be imposedBeneficial Owner, to comply with any certification, identification, information or other reporting requirementsrequirements (to the extent such holder or Beneficial Owner is legally eligible to do so), whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner Beneficial Owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation;; or (6viii) any combination of items (i) through (vii) above; nor will any Additional Amounts be paid with respect to any Taxes imposed on any payment of principal or interest on the Note or payments under the Note Guarantees in connection with respect thereof to any holder who is either a Note presented for payment (where presentation is permitted or required for payment) by or on behalf fiduciary of a holder Beneficial Owner or beneficial owner of the Notes a partnership to the extent such Taxes could have been avoided by presenting principal or interest payment would be required (under the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by tax laws of the jurisdiction of the Issuer or any or, if applicable, the tax laws of the Guarantors jurisdiction of a Guarantor) to be included in the holder taxable income of either the Notes Beneficial Owner (in the case of a fiduciary) or a partner (in the case of a partnership) if such holder is a fiduciary Beneficial Owner or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes partner would not have been imposed on entitled to such payments Additional Amounts had such holder Beneficial Owner or partner been the sole beneficial owner holder of such Note;. (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or proceduresb) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) or Taxes which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, registration or registration enforcement of any of the Notes, this Indenture, any Note Guarantee Guarantee, or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)Collateral Documents. (bc) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, each of the Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day less than 45 days prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely solely on such an Officer’s Certificate as conclusive proof that such payments are necessary. (cd) The Issuer or Upon written request the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts will provide to obtain Tax the Trustee copies of receipts from each Tax authority or, if such receipts are not obtainable, other documentation reasonably satisfactory to the Trustee evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon Upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax those receipts evidencing payment by the Issuer or a Guarantorother documentation, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory will be made available by the Trustee to the Trustee) by such entityholders of the Notes. (de) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeNotes, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Sappi LTD), Indenture (Sappi LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Company or any of the Guarantors Guarantor (including, in each case, any successor entity) ), including amounts payable upon redemption, repurchase or conversion, under or with respect to the Notes or any Note the Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes taxes unless the withholding or deduction of such Taxes taxes is then required by law. If the IssuerCompany, any the Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer Company or any the Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer Company or any the Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments or delivery under or with respect to the Notes or any Note the Guarantee, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, interest or premium, the Issuer Company or the relevant Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments or delivery by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by each Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1) A. any Taxestaxes, to the extent such Taxes taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or the beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having or having had a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note the Guarantee, or the receipt of payments in respect of such Note or a Note the Guarantee; (2) B. any Taxestaxes, to the extent such Taxes taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) C. any estate, inheritance, gift, sale, transfer, personal property or similar Taxestaxes; (4) D. any Taxes taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note the Guarantee; (5) E. any Taxes taxes to the extent such Taxes taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the IssuerCompany’s reasonable written request addressed to the holder Holder at least 60 30 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6) F. any Taxes taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agentpaying agent; (7) G. any Taxes taxes imposed on or with respect to any payment by the Issuer Company or any of the Guarantors Guarantor to the holder Holder of the Notes if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) H. any Taxes taxes imposed by the United States, any state thereof or the District of Columbia or any subdivision thereof or territory thereof, including any U.S. federal withholding taxes and any taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) I. any combination of clauses ‎A through ‎H above. (1b) through (8) above. In addition to the foregoing, the Issuer Company and the Guarantors shall Guarantor will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction relevant Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note the Guarantee or any other document referred to therein, or the receipt of any payments payments, with respect thereto, or enforcement of, any of the Notes or any Note the Guarantee (limited, solely in the case of Taxes taxes attributable to the receipt of any payments, or that are imposed on or result from a sale or other transfer or disposition of a Note by a Holder or a beneficial owner, to any such Taxes taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) ‎A through (3) ‎C or (5) ‎E through (9) ‎I above or any combination thereof), save in each case for any United Kingdom stamp duty which arises or is increased as a result of any document effecting the registration, issue or delivery of any of the notes either being signed or executed in the United Kingdom or being brought into the United Kingdom (save in each case where it was required by law or for the purposes of enforcing the notes to do so). (bc) If the Issuer Company or any the Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note the Guarantee, the Issuer Company or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer Company or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer Company or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (cd) The Issuer Company or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer Company or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes taxes so deducted or withheld. The Issuer Company or the relevant Guarantor shall will furnish to the Trustee (or to a Holder of the Notes upon request), within 60 days after the date the payment of any Taxes taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer Company or a the Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trusteetrustee) by such entity. (de) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note the Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (ef) This Section 4.06 shall ‎Section 4.07 will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person person to the Issuer Company (or any the Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note the Guarantee) by or on behalf of such Person person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any the Note Guarantee Guarantees shall be made free and clear of of, and without withholding or deduction for, for or on account of, any present or future Taxes unless the withholding tax, duty, levy, impost, assessment or deduction of such Taxes is then required by law. If the Issuerother governmental charge (including related penalties, any Guarantor or any interest and other applicable withholding agent is required by law to withhold or deduct any amount forliabilities) (hereinafter, or on account of, any Taxes "Taxes") imposed or levied by or on behalf of (1) any jurisdiction the government of the United Kingdom, (other than 2) the United States, (3) any other jurisdiction in which the Issuer or any Note Guarantor is or was incorporated, engaged in business, organized or is otherwise resident for tax purposes or any political subdivision thereof or therein or purposes, (24) any jurisdiction from or through which any payment is made by and (5) any political subdivision or on behalf governmental authority or agency of or in any of the foregoing having the power to tax (each, a "Relevant Taxing Jurisdiction"), unless the Issuer or any Note Guarantor is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. (including, without limitation, b) If the jurisdiction Issuer or a Note Guarantor is so required to withhold or deduct any amount for or on account of Taxes imposed by a Relevant Taxing Jurisdiction from any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments payment made under or with respect to the Notes or any the Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumGuarantees, the Issuer or the relevant Guarantor, as applicable, applicable Note Guarantor shall pay such additional amounts (the “"Additional Amounts") as may be necessary in order so that the net amounts amount received by the Holders and retained in respect of such payments by each beneficial owner of Notes owners (including Additional Amounts) after such withholding or deduction will equal not be less than the respective amounts that amount the Holders and beneficial owners would have received if such Taxes had not been received and retained in respect of such payments in the absence of such withholding withheld or deductiondeducted; provided, however, that no the foregoing obligation to pay Additional Amounts shall be payable with respect does not apply to: (1) any Taxes, to the extent such Taxes that would not have been so imposed but for the holder existence of any present or former connection between the relevant Holder or beneficial owner of the Notes (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or beneficial owner is an estate, nominee, trust, nominee, partnership, limited liability company partnership or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, and the relevant Tax Relevant Taxing Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, (other than any connection arising solely from the acquisition, mere receipt of such payment or the ownership or disposition holding of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee); (2) any Taxesestate, to inheritance, gift, sales, excise, transfer, personal property Tax or similar Tax; (3) any Taxes which are payable otherwise than by withholding from payments of (or in respect of) principal of, or any premium or interest on, the extent such Notes; (4) any Taxes were that are imposed as a result or withheld by reason of the presentation failure to comply by the Holder or the beneficial owner of a Note with a request by the Issuer addressed to the Holder or such beneficial owner (A) to provide information concerning the nationality, residence, identity or present or former connection with a Relevant Taxing Jurisdiction of the Holder or such beneficial owner or (B) to make any declaration or other similar claim or satisfy any certification, information or reporting requirement, which, in the case of (A) or (B), is required or imposed by a statute, treaty, regulation or administrative practice of the Relevant Taxing Jurisdiction as a precondition to exemption from all or part of such Tax; (5) any withholding or deduction imposed on a payment to an individual required to be made pursuant to European Council Directive 2003/48/EC or any other Directive implementing the conclusions of the ECOFIN Council meeting of November 26-27, 2000 on the taxation of savings income or any law implementing or introduced in order to conform to, such Directive; (6) any combination of items (1), (2), (3), (4) and (5) above; (7) any Taxes that would not have been so imposed, withheld or deducted if the beneficiary of the payment had presented the Note for payment (where presentation is required) more than within 30 days after the relevant date on which such payment or such Note became due and payable or the date on which payment thereof is first made available for payment to the holder duly provided for, whichever is later (except to the extent that the holder such beneficiary would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 the 30-day period); (3) 8) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on under or with respect to a Note to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder Holder who is a fiduciary or partnership or any person Person other than the sole beneficial owner of such payment payment, to the extent that a beneficiary or settlor with respect to such Taxes fiduciary, a member of such a partnership or the beneficial owner of such payment would not have been imposed on such payments entitled to the Additional Amounts had such holder beneficiary, settlor, member or beneficial owner been the sole beneficial owner actual Holder of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination withholding or deduction that is imposed on a Note presented for payments by or on behalf of clauses (1) through (8) above. In addition a Holder or beneficial owner who would be able to avoid a withholding or deduction by presenting the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions relevant Note to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed another Paying Agent in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)Member State. (bc) If the Issuer or any Guarantor, as the case may be, becomes aware that it Note Guarantor will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any the relevant Note Guarantee, as applicable, the Issuer or the relevant such Note Guarantor, as the case may beapplicable, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor Note Guarantor, as applicable, shall notify the Trustee promptly thereafterthereafter but in no event later than two Business Days prior to the date of payment) notice of payment in the form of an Officer’s 's Certificate. In either circumstance, the Officer's Certificate stating the fact must state that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s 's Certificate must also set forth any other information reasonably necessary to enable the Paying Agents Agent to pay Additional Amounts to Holders and beneficial owners on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (cd) The Issuer or the relevant Guarantor, if it is the applicable any Note Guarantor will (i) make such withholding agent, shall make all withholdings or deduction and deductions (within the time periodii) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority Relevant Taxing Jurisdiction in accordance with applicable law. The Issuer will provide the Trustee with official receipts or other documentation satisfactory to the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority Trustee evidencing the payment of any the Taxes so deducted or withheldwith respect to which Additional Amounts are paid. Certificated copies of such receipts and such other documentation shall be made available to Holders upon request and will be made available at the offices of the Paying Agent if the Notes are then listed on the Luxembourg Stock Exchange. The Issuer will attach to such copies an Officer's Certificate stating (x) that the amount of withholding Taxes evidenced by such copies was paid in connection with any payment made under or the relevant Guarantor shall furnish with respect to the Trustee Notes or any Note Guarantee and (or to a Holder upon request), within 60 days after y) the date the payment amount of any such withholding Taxes so deducted or withheld is made, certified copies paid per $1,000 of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entityNotes. (de) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest purchase prices in connection with a purchase of Notes, interest, or of any other amount payable under, on or with respect to, to any of the Notes or any Note Guarantee, such mention that reference shall be deemed to include mention of the payment of Additional Amounts provided for in this section to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (ef) This The Issuer or a Note Guarantor will pay any present or future stamp, court or documentary taxes or any other excise or property taxes, charges or similar levies that arise in any jurisdiction from the execution, delivery, enforcement or registration of the Notes, the Note Guarantees, this Indenture or any other related document or instrument, or the receipt of any payments with respect to the Notes or the Note Guarantees, excluding taxes, charges or similar levies imposed by any jurisdiction that is not a Relevant Taxing Jurisdiction, and the Issuer will agree to indemnify the Holders or the Trustee for any such taxes paid by the Holders or the Trustee. (g) The preceding provisions of this Section 4.06 shall 2.13 will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, Indenture and will apply, shall apply mutatis mutandis, mutandis to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by Guarantor is organized or on behalf of such Person and, in each case, any political subdivision or taxing authority or agency thereof or therein.

Appears in 2 contracts

Sources: Indenture (Virgin Media Inc.), Indenture (Virgin Media Inc.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes (whether or not in the form of Definitive Registered Notes) or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1i) any jurisdiction (other than the United States) in which the Issuer or any Guarantor (including any successor entity), is or was then incorporated, engaged in business, organized or resident for tax purposes or any political subdivision or governmental authority thereof or therein or (2ii) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or governmental authority thereof or therein (each of (1i) and (2ii), a “Tax Jurisdiction”) in respect of ), will at any time be required to be made from any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant GuarantorGuarantor or other payor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each Holder or beneficial owner of Notes (including Additional Amounts) after such withholding withholding, deduction or deduction imposition will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: : (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder, if the relevant holder Holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged incorporated in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction in which such Taxes are imposed or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from the acquisition, ownership acquisition or disposition holding of such Notes, the exercise or enforcement of rights under such Note, this Note or the Indenture or under a Note Guarantee, Guarantee or the receipt of payments in respect of such Note or a Note Guarantee; ; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); ; (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; ; (4iv) any Taxes imposed as result of any Note presented for payment (where presentation is required) by or on behalf of a Holder who would have been able to avoid such withholding or deduction by presenting the relevant Note to another Paying Agent in a member state of the European Union; (v) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or with respect to any Note Guarantee; ; (5vi) any Taxes to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder Holder or beneficial owner at least 60 days before any such withholding or deduction would be imposedpayable to the Holder or beneficial owner, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible entitled to provide such certification or documentation; ; (6vii) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) withheld by or on behalf reason of a holder the failure of the Holder or beneficial owner of the Notes to comply with the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any requirements of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), as of the date of the Offering Memorandum (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any regulations promulgated thereunder, the U.S. Treasury Regulations issued thereunder or any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (interpretation thereof or any related law or administrative practices or procedures) implementing the foregoing or any agreements agreement entered into pursuant to current Section 1471(b)(1) 1471 of the Code Code; or (or any amended or successor version described above); or (9viii) any combination of clauses (1i) through (8) vii) above. . (b) In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax any other liabilities related thereto) which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)Guarantee. (bc) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary, and may conclusively presume that no payments are necessary unless and until it receives any such Officer’s Certificate. (cd) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (de) Whenever in this the Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (f) The obligations described under Sections 4.01(c), (d), (e) This Section 4.06 shall and (f) of the Indenture will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) Guarantor is incorporated, engaged in business, organized business for tax purposes or resident for tax purposes, purposes or any jurisdiction from or through which such Person makes any payment is made under or with respect to on the Notes (or any Note Guarantee) by and any department or on behalf of such Person and, in each case, any political subdivision or taxing authority or agency thereof or thereintherein having the power to tax.

Appears in 2 contracts

Sources: Indenture (Viking Holdings LTD), Indenture (Viking Holdings LTD)

Additional Amounts. (a) All payments made in respect of the Notes or any Guarantee by or on behalf of the Issuer Issuer, any Guarantor, or any of the Guarantors successor thereto (includingeach, in each case, any successor entitya “Payor”) under or with respect to the Notes or any Note Guarantee shall be made free and clear of of, and without withholding or deduction for, or on account of, any present or future Taxes taxes, levies, duties, imposts, assessments or other governmental charges, including any interest, additions to tax and penalties related thereto (collectively, “Taxes”), unless the such withholding or deduction of such Taxes is then required by applicable law. If the Issuerany Payor, any Guarantor or any other applicable withholding agent agent, is required by law to withhold or deduct any amount for, in respect of any payment made in respect of the Notes or on account of, any Taxes Guarantee with respect to any Tax imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer any Payor is, at any time, organized, resident or any Guarantor is or was incorporated, engaged in business, organized or resident doing business for tax purposes purposes, or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by Payor or any paying agent (on behalf of any Payor) makes any payments on the Issuer Notes or any Guarantor (includingGuarantee, without limitationor, the jurisdiction of in each case, any Paying Agent) governmental authority or any political subdivision thereof or therein having the power to tax (each of (1) and (2)each, a “Relevant Tax Jurisdiction”) in respect of any payments under or with respect ), the Payor will, subject to the Notes or any Note Guaranteeexceptions and limitations set forth below, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be are necessary in order so that the net amounts payment received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the a beneficial owner of the Notes (including any Additional Amounts), after withholding or deduction for any Taxes of any Relevant Tax Jurisdiction (including in respect of any Additional Amounts) will equal the amount such beneficial owner would have received in respect of such payment had no such withholding or deduction been required. A Payor’s obligation to pay Additional Amounts shall not apply: (a) to any Taxes that are imposed by reason of the holder (or the beneficial owner for whose benefit such holder holds such Note), or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, holder if the relevant holder is an estate, trust, nominee, partnership, limited liability company partnership or corporation, or a person holding a power over an estate or trust administered by a fiduciary holder, being considered as: (i) being or having been engaged in a trade or business in the Relevant Tax Jurisdiction or having or having had a permanent establishment in the Relevant Tax Jurisdiction; or (ii) having any other current or former connection with the Relevant Tax Jurisdiction (other than a connection arising solely as a result of the acquisition, ownership or disposition of the Notes or a beneficial interest therein, the receipt of any payment in respect of a Note or any Guarantee or the enforcement of any rights hereunder or thereunder), including being or having been a citizen or resident of the Relevant Tax Jurisdiction; (b) to any Taxes that are imposed or national withheld because the holder or beneficial owner failed to accurately comply with a request from a Payor to meet certification, identification or information or other reporting requirements concerning the nationality, residence or identity of the holder or beneficial owner of the Notes or otherwise establish any available exemption from or reduction in the rate of deduction or withholding of, such Taxes (if such holder or incorporatedbeneficial owner is legally eligible to satisfy such requirements, engaged exemptions or reductions), in each case, if compliance with such action is required as a trade precondition to exemption from, or business reduction in, being or having been physically present in or having such Tax by a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Relevant Tax Jurisdiction, ; (c) to any Taxes that are imposed other than any connection arising solely from the acquisition, ownership by withholding or disposition of Notes, the exercise deduction by a Payor or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments other applicable withholding agent in respect of such Note a payment with respect to the Notes or a Note any Guarantee; (2d) to any estate, inheritance, gift, sales, transfer, wealth or similar Taxes, ; (e) to the extent such any Taxes were that are imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment amount is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 30-day period); (3f) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes[reserved]; (4g) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are Tax imposed pursuant to current Section Sections 1471 through 1474 of the Code (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations promulgated thereunder, any or official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(11471(b) of the Code (or any amended or successor version described above), or any intergovernmental agreements, treaties, conventions or similar agreements (and any related laws, regulations or administrative guidance) implementing the foregoing; (h) to any Taxes that are imposed on or with respect to any payment by or on behalf of the Issuer or any Guarantor to the holder if such holder is a fiduciary, partnership, limited liability company or person other than the sole beneficial owner of such payment to the extent that, had the sole beneficial owner of such Note been the holder and had such Taxes been imposed on the sole beneficial owner, no Additional Amounts in respect of such Taxes would have been payable as a result of clauses (a)-(g) or (i) of this Section 4.19; or (9i) to any combination of the above items (the foregoing Taxes described in clauses (1) through (8) abovea)-(i), “Excluded Taxes”). In addition At least 30 calendar days prior to each date on which any payment under or with respect to the foregoingNotes or any Guarantee is due and payable, if a Payor will be obligated to pay Additional Amounts with respect to such payment (unless such obligation to pay Additional Amounts arises after the 35th day prior to the date on which such payment is due and payable, in which case it will be promptly thereafter), the Payor will deliver to the Trustee an officers’ certificate of the Issuer stating that such Additional Amounts will be payable and the amounts so payable and will set forth such other information necessary to enable the Trustee (or the applicable paying agent) to pay such Additional Amounts to holders on the payment date. The applicable Payor, if it is the applicable withholding agent, will make any required withholding or deduction and remit the full amount deducted or withheld to the Relevant Tax Jurisdiction in accordance with applicable law. The Issuer will provide the Trustees (and, upon request, any holders or beneficial owners of the Notes) with official receipts or other documentation evidencing the payment of the Taxes with respect to which Additional Amounts are paid. The Issuer and the Guarantors shall also will pay and indemnify the each holder of Notes for any present or future stamp, court, issue, registration, value added, transfer, court registration or documentary Taxes, Taxes or any other excise or excise, property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which Taxes that are levied by any jurisdiction on Relevant Tax Jurisdiction from the execution, delivery, issuance, enforcement or registration of any the Notes (other than in respect of a transfer of a Note, to someone other than the Issuer or its Affiliates, that occurs after the sale of such Note to an investor pursuant to the offering of the Notes), the Guarantees, this Indenture, any Note Guarantee Indenture or any other document referred to thereinor instrument in relation thereof, or the receipt of any payments with respect thereto, or enforcement of, any of to the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any paymentspayments with respect thereto, to any such Taxes imposed in levied by a Relevant Tax Jurisdiction that are not excluded under clauses (1a), (b) and (d) through (3h) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, mentioned in any context, : the payment of amounts based upon the principal amount of the Notes or of principal, interest redemption prices or purchase prices in connection with a redemption or purchase of Notes, interest, or any other amount payable under, or with respect to, to any of the Notes or any Note Guarantee, such mention reference shall be deemed to include mention of the payment of Additional Amounts as described under this Section 4.19 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This . The obligations described under this Section 4.06 shall 4.19 will survive any termination, defeasance or discharge of this Indenture, and any transfer by a holder or beneficial owner of its Notes, Notes and will applyapply mutatis mutandis to any successor Person, mutatis mutandis, to any Payor and to any jurisdiction in which any such successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or is otherwise resident or doing business for tax purposes, purposes or any jurisdiction from or through which payment is made under by such successor or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or thereinits respective agents.

Appears in 2 contracts

Sources: Indenture (Akumin Inc.), Restructuring Support Agreement (Akumin Inc.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will shall equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this the Indenture or the Notes this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The preceding obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Carnival PLC), Indenture (Carnival PLC)

Additional Amounts. (a) All payments made The Issuer hereby agrees that any amounts to be paid by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or hereunder with respect to the Notes or any Note Guarantee shall be made free paid without deduction or withholding for any and clear of all present and without future withholding or deduction fortaxes, or on account oflevies, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposts and charges whatsoever imposed or levied by or on behalf for the account of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes Cayman Islands or any political subdivision or taxing authority thereof or therein therein, or (2) any jurisdiction from if deduction or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction withholding of any Paying Agent) such taxes, levies, imposts or charges shall at any political time be required by the Cayman Islands or anysuch subdivision or authority thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumtherein, the Issuer or will (subject to compliance by the Holder of such Note with any relevant Guarantor, as applicable, shall administrative requirements) pay such additional amounts (the “"Additional Amounts") in respect of principal amount, premium (if any), Redemption Price, and interest (if any), in accordance with the terms of the Notes and this Indenture, as may be necessary in order that the net amounts received and retained in respect of paid to such payments by each beneficial owner of Notes Holder or the Trustee, as the case may be, after such withholding deduction or deduction will withholding, shall equal the respective amounts that would have been received of principal amount, premium (if any), Redemption Price, and retained interest (if any), in respect accordance with the terms of the Notes and this Indenture, as specified in such payments in the absence of Notes to which such withholding or deductionHolder is entitled; provided, however, that no Additional Amounts the foregoing shall be payable with respect not apply to: (1i) any Taxessuch tax, to levy, impost or charge which would not be payable or due but for the extent fact that (A) the Holder of such Taxes Note (or a fiduciary, settlor, beneficiary of, member or shareholder of, such Holder, if such Holder is an estate, trust, partnership or corporation) is a domiciliary, national or resident of, or engaging in business or maintaining a permanent establishment or being physically present in, the Cayman Islands or such political subdivision or otherwise having some present or former connection with the Cayman Islands other than the holding or ownership of such Note or the collection of principal amount, premium (if any), Redemption Price, and interest (if any), in accordance with the terms of the Notes and this Indenture, or the enforcement of such Note or (B) where presentation is required, such Note was presented more than 30 days after the date such payment became due or was provided for, whichever is later; (ii) any estate, inheritance, gift, sales, transfer, excise, personal property or similar tax, levy, impost or charge; (iii) any tax, levy, impost or charge which is payable otherwise than by withholding from payment of principal amount, premium (if any), Redemption Price, and interest (if any); (iv) any tax, levy, impost or charge which would not have been imposed but for the holder failure to comply with certification, information, documentation or other reporting requirements concerning the beneficial owner of the Notes (nationality, residence, identity or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection connections with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result tax authority of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notessuch Note, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any if such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether compliance is required by statute, treaty, statute or by regulation or administrative practice of a Tax Jurisdiction, as a precondition to relief or exemption fromfrom such tax, levy, impost or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationcharge; (6v) any Taxes imposed in connection with a Note presented for payment combination of (where presentation is permitted or required for paymenti) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; through (7) iv); nor shall any Taxes imposed on or with respect Additional Amounts be paid to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment Note to the extent that extentthat a beneficiary or settlor with respect to such Taxes fiduciary, or a member or such partnership or a beneficial owner thereof would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant entitled to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent thathad such beneficiary, in such contextsettlor, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder member or beneficial owner been the Holder of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or thereinNote."

Appears in 2 contracts

Sources: First Supplemental Indenture (Triton Energy LTD), Second Supplemental Indenture (Triton Energy LTD)

Additional Amounts. (a) All payments of principal of, premium, if any, and interest on Securities of any series to a Holder thereof who is not a United States person, and all payments on the Guarantees to a Holder thereof who is not a United States person shall be made without set-off, counterclaim, fees, liabilities or similar deductions (including payments on redemption, repayment and the exercise of either the Cash Settlement Option or the Stock Settlement Option), and free and clear of, and without deduction or withholding for, taxes, levies, imposts, duties, assessments, charges or fees of whatsoever nature now or hereafter imposed, levied, collected, deducted, withheld or assessed by or on behalf of the Issuer Government of the United States, or any of the Guarantors state or other political subdivision or taxing authority thereof or therein (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law"Taxes"). If the IssuerCompany, any Guarantor the Guarantor, ----- or any other applicable withholding agent of either is required by law or regulation to withhold make any deduction or deduct any amount for, withholding for or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitationTaxes, the jurisdiction of any Paying Agent) Company or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicablethe case may be, shall pay such additional amounts (the “"Additional Amounts") as may shall be ------------------ necessary in order that the net amounts received and retained in respect by the Holders of such payments by each beneficial owner the Securities of Notes any series who are not United States persons after such deduction or 77 withholding or deduction will shall equal the respective amounts amount that would have been received and retained in respect of such payments receivable thereunder in the absence of such withholding deduction or deduction; providedwithholding, however, except that no such Additional Amounts shall be payable with respect toon account of: (1a) any Taxes, to the extent such Taxes Tax which would not have been so imposed but for (i) the holder existence of any present or the beneficial owner of the Notes former connection between such Holder (or between a fiduciary, settlor, beneficiary, partner ofmember, member or shareholder of, of or possessor of a power over, the relevant holderover such Holder, if the relevant holder such Holder is an estate, a trust, nomineea partnership or a corporation) and the United States or any political subdivision or taxing authority thereof or therein, partnershipincluding, limited liability company without limitation, such Holder (or corporationsuch fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident of the United States or national oftreated as a resident thereof, or incorporated, engaged in a trade or business in, being or having been physically engaged in trade or business or present in therein, or having had a permanent establishment intherein, the relevant Tax Jurisdiction or having or having had any other (ii) such Holder's present or former connection status as a personal holding company, a foreign personal holding company with respect to the relevant Tax JurisdictionUnited States, other than any connection arising solely from the acquisitiona controlled foreign corporation, ownership or disposition of Notesa passive foreign investment company, the exercise or enforcement of rights under such Note, this Indenture or a Note Guaranteeforeign private foundation or foreign tax exempt entity for United States tax purposes, or a corporation which accumulates earnings to avoid United States Federal income tax, or (iii) such holder's status as a bank extending credit pursuant to a loan agreement entered into in the receipt ordinary course of payments in respect of such Note or a Note Guaranteebusiness; (2b) any Taxes, to the extent such Taxes were Tax which would not have been so imposed as a result of but for the presentation by the Holder of a Note such Security or any Coupon appertaining thereto for payment (where presentation is required) on a date more than 30 15 days after the relevant date on which such payment became due and payable or the date on which payment thereof is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period)duly provided for, whichever occurs later; (3c) any estate, inheritance, gift, salesales, transfer, personal property or similar TaxesTax; (4d) any Taxes Tax which would not have been imposed but for the failure to comply with any certification, identification or other reporting requirements concerning the nationality, residence, identity or connection with the United States of the Holder or beneficial owner of such Security or any Coupon appertaining thereto, if compliance is required by statute or by regulation or ruling of the United States Treasury Department as a precondition to exemption from such Tax; (e) any Tax which is payable other otherwise than by deduction or withholding from payments underof principal of, premium, if any, or with respect to, the Notes or any Note Guarantee; interest on such Security; (5f) any Taxes to the extent such Taxes would not have been Tax imposed as a result of a Person's past or withheld but for the failure present actual or constructive ownership, including by virtue of the holder right to convert Securities, of 10% or beneficial owner more of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice total combined voting power of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate all classes of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner stock of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be Company entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.vote;

Appears in 2 contracts

Sources: Indenture (Thermo Electron Corp), Indenture (Thermo Electron Corp)

Additional Amounts. (a) All payments made by or on behalf As it applies to the Notes, Section 10.19 of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee Original Indenture shall be made free amended by: (i) deleting the word “Brazil” throughout such Section 10.19 and clear replacing it with the expression “Taxing Jurisdiction” (as defined in Section 1.02 of and without this Fourth Supplemental Indenture); (ii) adding the phrase, “, levies” after the phrase, “deduction or withholding or deduction for, or on account of, for any present or future Taxes unless taxes” in the withholding or deduction first sentence of such Taxes is then required by law. If Section 10.19; (iii) deleting the Issuerphrase, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for“who, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to any such tax, assessment or other governmental charge, is not resident in Brazil” in the Notes first sentence of such Section 10.19; (iv) deleting the proviso to the first sentence of such Section 10.19 that includes clauses (1)-(7) thereof and ends with the phrase, “who would not have been entitled to such Additional Amounts had it been the Holder or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantorbeneficial owner, as applicablethe case may be, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after Security” and replacing such withholding or deduction will equal proviso with the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deductionfollowing: “; provided, however, that no the Company shall not be required to make any payment of Additional Amounts shall be payable with respect tothat is imposed due to any of the following: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of Trustee has a connection with the Taxing Jurisdiction other than merely holding the Notes or receiving principal or interest payments on the Notes (such as citizenship, nationality, residence, domicile, or existence of a business, a permanent establishment, a dependent agent, a place of business or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor place of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other management present or former connection with deemed present within the relevant Tax Taxing Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee); (2) any Taxestax imposed on, or measured by, net income; (3) such Holder or the Trustee fails to comply with any certification, identification or other reporting requirements concerning its nationality, residence, identity or connection with the Taxing Jurisdiction, if (x) such compliance is required by applicable law, regulation, administrative practice or treaty as a precondition to exemption from all or a part of the tax, levy, deduction or other governmental charge, (y) such Holder or the Trustee is able to comply with such requirements without undue hardship and (z) at least 30 calendar days prior to the extent first payment date with respect to which such Taxes were imposed as a result of requirements under the presentation of a Note for payment applicable law, regulation, administrative practice or treaty will apply, the Company has notified all Holders that they will be required to comply with such requirements; (4) such Holder or the Trustee fails to present (where presentation is required) more than its Note within 30 calendar days after the relevant payment is first Company has made available for to such Holder or the Trustee a payment to under the holder (except to the extent Notes and this Indenture, provided that the holder Company will pay Additional Amounts which a Holder or the Trustee would have been entitled to Additional Amounts had the Note owned by such Holder or the Trustee been presented on any day (including the last day of day) within such 30 calendar day period); (35) any estate, inheritance, gift, salevalue added, transfer, personal property use or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes sales taxes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notessimilar taxes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information assessments or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation;governmental charges; or (6) any Taxes such taxes, levies, deductions or other governmental charges are imposed in connection with on a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to an individual and are required to be made pursuant to any European Union Council Directive implementing the extent such Taxes could have been avoided by presenting conclusions of the relevant Note ECOFIN Council meeting of November 26-27, 2000 on the taxation of savings income, or any law implementing or complying with, or introduced in order to conform to, or otherwise accepting payment from, another Paying Agentsuch directive; (7) any Taxes imposed where such Holder or the Trustee could have avoided such taxes, levies, deductions or other governmental charges by requesting that a payment on the Notes be made by, or with respect to any presenting the relevant notes for payment by the Issuer or any to, another paying agent of the Guarantors to the holder Company located in a member state of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)European Union; or (98) where the Holder or the Trustee would have been able to avoid the tax, levy, deduction or other governmental charge by taking reasonable measures available to such Holder or the Trustee .” (v) any combination adding the following new paragraph at the end of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors Section 10.19: “The Company shall also promptly pay and indemnify the holder for when due any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, taxes or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which that are levied imposed by a Taxing Jurisdiction that arise from any jurisdiction on payment under the Notes or under any other document or instrument referred herein or therein or from the execution, delivery, issuance, enforcement or registration of any of the Notes, this Indenture, any each Note Guarantee or any other document or instrument referred to herein or therein, or . The Company shall indemnify and make whole the receipt of any payments with respect thereto, or enforcement of, any Holders of the Notes for any present or future stamp, court or documentary taxes or any Note Guarantee (limitedother excise or property taxes, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) charges or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be similar levies payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) provided in this paragraph paid by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount Holder of the Notes Notes. The Company shall, if European Council Directive 2003/48/EC or of principal, interest or of any other amount payable under, or with respect to, any Directive implementing the conclusions of the Notes or any Note GuaranteeECOFIN council meeting of November 26-27, such mention shall be deemed to include mention 2000 is brought into force, ensure that it maintains a paying agent hereunder in a member state of the payment of Additional Amounts European Union that will not be obliged to the extent that, in withhold or deduct tax pursuant to such context, Additional Amounts are, were or would be payable in respect thereofDirective. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Supplemental Indenture (Petrobras International Finance Co), Supplemental Indenture (Petrobras International Finance Co)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any and the Note Guarantee shall Guarantees will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes taxes, duties, assessments or governmental charges of whatever nature imposed or levied (including any penalties and interest related thereto) (“Taxes”) unless the withholding or deduction of such Taxes is then required by lawlaw or by the official interpretation or administration thereof. If the IssuerIf, with respect to a Guarantor, any Guarantor withholding or any other applicable withholding agent is required by law to withhold or deduct any amount deduction for, or on account of, any Taxes imposed or levied by or on behalf of (1i) any jurisdiction (other than the United States) in which the Issuer or any such Guarantor is or was then incorporated, organized, engaged in business, organized business or resident for tax purposes purposes, or any political subdivision or governmental authority thereof or therein having power to tax or (2ii) any jurisdiction (other than the United States) from or through which any payment is made by or on behalf of the Issuer or any such Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2)each, a “Tax Jurisdiction”) in respect of ), will at any time be required to be made from any payments under made by or on behalf of such Guarantor with respect to the Notes or any its Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall such Guarantor will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner Holder (including payments of Notes Additional Amounts) after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1) any Taxes, to the extent such Taxes that would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or being a fiduciarycitizen, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present incorporated in or having carrying on a permanent establishment in, business in the relevant Tax Jurisdiction in which such Taxes are imposed, or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction in which such Taxes are imposed other than by the mere acquisition or holding of any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the enforcement or receipt of payments payment under or in respect of such any Note or a any Note Guarantee; (2) any TaxesTaxes imposed or withheld as a result of the failure of the Holder or beneficial owner of the Notes to comply with any written request, made to the Holder or beneficial owner in writing at least 90 days before any such withholding or deduction would be made, by the Issuer or any of the Guarantors to provide timely or accurate information concerning the nationality, residence or identity of such Holder or beneficial owner or to make any valid or timely declaration or similar claim or satisfy any certification information or other reporting requirements (to the extent such Holder or beneficial owner is legally eligible to do so), which is required or imposed by a statute, treaty, regulation or administrative practice of the relevant Tax Jurisdiction as a precondition to exemption from all or part of such Taxes; (3) any Taxes were that are imposed or withheld as a result of the presentation of a any Note for payment (where Notes are in the form of definitive notes and presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (34) any estate, inheritance, gift, salesales, use, transfer, personal property or similar Taxes; (45) any Taxes which are payable other otherwise than by deduction or withholding from payments under, made under or with respect to, the Notes or to any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes that were imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer under or any of the Guarantors with respect to the holder Notes and the Note Guarantees to any Holder of the Notes if such holder a Note who is a fiduciary or partnership or any person Person other than the sole beneficial owner of such payment to the extent that a beneficiary or settlor with respect to such Taxes fiduciary or a partner of such partnership or a beneficial owner would be required to include such payment in its income under the laws of the relevant Tax Jurisdiction and would not have been imposed on such payments entitled to receive payment of the Additional Amounts had such holder the beneficiary, settlor, partner or beneficial owner been the sole beneficial owner Holder of such Note; (8) 7) any Taxes that are imposed or withheld pursuant to current Section Sections 1471 through 1474 of the Code Code, as of the Issue Date (or any amended or successor version of such sections that is substantively comparable and not materially more onerous to comply with), any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (with respect to the foregoing or any related law or administrative practices or procedures) implementing the foregoing regulation adopted pursuant to any such intergovernmental agreement, or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)Code; or (9) 8) any combination of clauses items (1) through (8) 7) above. In addition to the foregoing, the Issuer Foreign Guarantors will, jointly and the Guarantors shall also severally, pay and indemnify the holder Holders for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or excise, property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are taxes levied by any jurisdiction Tax Jurisdiction on or in connection with the execution, delivery, issuance, registration or registration of any enforcement of the NotesNote Guarantees provided by the Foreign Guarantors or with respect to any payment to a Holder of Notes thereunder (limited, this Indenture, any Note Guarantee or any other document referred solely in the case of taxes attributable to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction taxes that are not excluded under clauses (1) through (34) or and (56) through (97) above or any combination thereof). (b) . If the Issuer or any Guarantor, as the case may be, Guarantor becomes aware that it any Guarantor will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents Agent to pay Additional Amounts to Holders on the relevant payment date. The Trustee shall be entitled to rely solely on such Officer’s Certificate as conclusive proof that such payments are necessary. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall Guarantor will make all withholdings deductions and deductions (within the time period) withholding of Taxes required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each relevant Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or Upon written request, the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request)Holders, within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entityGuarantor’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Guarantor. Whenever in this Indenture or the Notes there is mentioned, in any context, mentions the payment of amounts based upon on the principal amount of the Notes or of principalamount, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall . The above obligations will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) Guarantor is then incorporated, organized, engaged in business, organized business or resident for tax purposes, or any political subdivision or governmental authority thereof or therein having power to tax or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or thereinGuarantor.

Appears in 2 contracts

Sources: Indenture (Cooper-Standard Holdings Inc.), Indenture (Cooper-Standard Holdings Inc.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will shall equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”), or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this the Indenture or the Notes this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The preceding obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Carnival PLC), Indenture (Carnival PLC)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors Guarantor (including, in each case, any successor entity) under or with respect to the Notes or any the Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any the Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any the Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction (other than the United States) from or through which any payment is made by or on behalf of the Issuer or any the Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any the Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of the Notes after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of the Notes, the exercise or enforcement of rights under such Note, this Indenture or a the Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4iv) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any the Note Guarantee; (5v) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6vi) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7vii) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors Guarantor to the holder of the Notes if such holder is a fiduciary or partnership or any person Person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) viii) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9ix) any combination of clauses (1i) through (8) viii) above. In addition to the foregoing, the Issuer and the Guarantors Guarantor shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1i) through (3iii) or (5v) through (9ix) above or any combination thereof). (b) If the Issuer or any the Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee in writing promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of such Additional Amounts. The Trustee shall be entitled to rely absolutely absolutely, and without liability to any Person therefor, on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable lawApplicable Law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder of the Notes upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a the Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 4.10 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction (other than the United States) in which any successor Person to the Issuer (or any the Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction (other than the United States) from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) Issuers under or with respect to the Notes or any Note of the Guarantors with respect to any Guarantee shall of the Notes will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of for, or on account of, such Taxes is then required by lawlaw or by the interpretation or administration thereof. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the any Issuer or any Guarantor is then incorporated or was incorporatedorganized, engaged in business, organized business for tax purposes or otherwise resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the any Issuer or any Guarantor (including, without limitation, including the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2)each, a “Tax Jurisdiction”) in respect of will at any time be required to be made from any payments made by or on behalf of the Issuers under or with respect to the Notes or any Note Guaranteeof the Guarantors under or with respect to any Guarantee of the Notes, including, without limitation, including payments of principal, redemption price, purchase price, interest or premium, the Issuer Issuers or the relevant Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such deduction or withholding (including any such withholding or deduction from such Additional Amounts) will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder existence of any present or former connection between the Holder or the beneficial owner of the Notes (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder, if the relevant holder Holder is an estate, trust, nominee, partnership, limited liability company or corporation, in each case even if the payment is required to be made to such person by the laws of the Tax Jurisdiction) and the relevant Tax Jurisdiction (including being or having been a citizen or resident citizen, resident, or national of, thereof or incorporated, being or having been present or engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction therein or having or having had any other present or former connection with the relevant Tax Jurisdictiona permanent establishment therein), other than but excluding any connection arising solely merely from the acquisition, ownership or disposition holding of Notessuch Note, the exercise or enforcement of rights under such Note, this Indenture Note or under a Note Guarantee, Guarantee of the Notes or the receipt of any payments in respect of such Note or a Note GuaranteeGuarantee of the Notes; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, salesales, excise, transfer, personal property or similar Taxes; (4) any Taxes withheld or deducted on a payment to an individual or to the benefit of an individual that are required to be made pursuant to European Council Directive 2003/48/EC or any other directive implementing the conclusions of the ECOFIN Council meeting of November 26 and 27, 2000 on the taxation of savings income, or any law implementing or complying with or introduced in order to conform to, such directive, or pursuant to any European Union legislation amending or replacing such directive; (5) any Taxes imposed on or with respect to a payment made to a Holder or beneficial owner of Notes who would have been able to avoid such withholding or deduction by presenting the relevant Note to another paying agent in a member state of the European Union; (6) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or with respect to any Note GuaranteeGuarantee of the Notes; (57) any Taxes Taxes, to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder Holder or beneficial owner of the Notes, following the any Issuer’s reasonable written request addressed to the holder Holder or beneficial owner (and made at least 60 days before any such withholding a time that would enable the Holder or deduction would be imposedbeneficial owner acting reasonably to comply with that request), to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) 8) any Taxes imposed on or with respect to any payment by the Issuer Issuers or any of the Guarantors to the holder of the Notes Holder if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments payment had such holder Holder been the sole beneficial owner of such Note; (8) 9) any U.S. federal withholding Taxes under FATCA; (10) any Taxes that are imposed pursuant to current Section 1471 through 1474 or withheld solely (A) by reason of the Code beneficial owner owning or having owned, actually or constructively (i) with respect to any amended or successor version Issuer that is substantively comparable and not materially treated as a corporation for U.S. federal tax purposes, 10 percent or more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code total combined voting power of all classes of stock of such Issuer entitled to vote or (ii) with respect to any Issuer that is treated as a partnership for U.S. federal tax purposes, 10 percent or more of the capital or profits interest in such Issuer, or (B) by reason of the beneficial owner being a bank that has invested in the notes as an extension of credit in the ordinary course of its trade or business; (11) any amended taxes imposed or successor version described above)withheld in whole or in part by reason of the beneficial owner being or having been any of the following (as these terms are defined in the Code): a personal holding company; a foreign private foundation or other foreign tax-exempt organization; a passive foreign investment company; a controlled foreign corporation; or a corporation which has accumulated earnings to avoid U.S. federal income tax; or (912) any combination of clauses items (1) through (8) 11) above. In addition to the foregoing, the Issuer . (b) The Issuers and the Guarantors shall will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax any other reasonable expenses properly incurred related thereto) which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, issuance or registration of any of the Notes, this Indenturethe indenture, any Note Guarantee of the Notes or any other document or instrument referred to therein, therein (other than a transfer of the Notes after this offering) or the receipt of any payments with respect thereto, or enforcement any such taxes, charges or similar levies imposed by any jurisdiction as a result of, or in connection with, the enforcement of any of the Notes or any Note Guarantee (limited, solely in of the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)Notes. (bc) If the any Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note GuaranteeGuarantee of the Notes, the Issuer or each of the relevant GuarantorIssuers or Guarantors, as the case may be, shall will deliver to the Trustee and each Paying Agent on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day less than 30 days prior to that payment date, in which case the Issuer relevant Issuers or the relevant Guarantor Guarantors shall notify the Trustee and each Paying Agent promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificate(s) must also set forth any other information reasonably necessary to enable the Paying Agents Agent to pay such Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee and each Paying Agent shall be entitled to rely absolutely solely on an such Officer’s Certificate as conclusive proof that such payments are necessary. (cd) The relevant Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall Guarantor will make all withholdings and deductions (within the time period) required by law with respect to any payment under or relating to the Notes or any Guarantee of the Notes and shall will timely remit the full amount so deducted or withheld to the relevant Tax tax authority in accordance with applicable law. The relevant Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax tax receipts from each Tax tax authority evidencing the payment of any Taxes so deducted or withheld. The relevant Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request)and each Paying Agent, within 60 days a reasonable time after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax tax receipts evidencing payment by the Issuer Issuers or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (de) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeGuarantee of the Notes, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (ef) This The preceding provisions of this Section 4.06 shall 5.20 will survive any termination, defeasance or discharge of this IndentureIndenture or any Guarantee of the Notes, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the any Issuer (or any Guarantor) Guarantor is incorporated, engaged in business, organized business for tax purposes or otherwise resident for tax purposes, purposes or any jurisdiction from or through which such Person makes any payment is made under or with respect to on the Notes (or any Note GuaranteeGuarantee of the Notes) by and any department or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Eighth Supplemental Indenture (MPT Operating Partnership, L.P.), First Supplemental Indenture (MPT Operating Partnership, L.P.)

Additional Amounts. (a) All payments made by or on behalf a Foreign Guarantor in respect of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note a Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any relevant Foreign Guarantor is then incorporated or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) purposes, any jurisdiction from or through which payment on behalf of such Foreign Guarantor is made or any payment is political subdivision or governmental authority thereof or therein having power to tax (each, a “Tax Jurisdiction”), will at any time be required to be made from any payments made by or on behalf of the Issuer or any relevant Foreign Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note its Guarantee, including, without limitation, including payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall Foreign Guarantor will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments (including payments of principal, redemption price, interest or premium) by each beneficial owner of Notes Holder (including Additional Amounts) after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1i) any Taxes, to the extent such Taxes that would not have been so imposed but for the holder existence of any present or former connection between the Holder or the beneficial owner of the Notes Note or Guarantee (or between a fiduciary, settlorsettler, beneficiary, partner ofpartner, member or shareholder of, or possessor of a power over, over the relevant holderHolder or beneficial owner, if the relevant holder Holder is an estate, nominee, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with and the relevant Tax Jurisdiction, other than by the mere acquisition or holding of any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the enforcement or receipt of payments payment under or in respect of such any Note or a Note Guarantee; (2ii) any TaxesTaxes imposed or withheld as a result of the failure of the Holder or beneficial owner of any Note or Guarantee to comply with any written request, made to that Holder or beneficial owner within a reasonable period before any such withholding or deduction would be payable, by an Issuer or a Foreign Guarantor to provide timely or accurate information concerning the nationality, residence or identity of such Holder or beneficial owner or to make any valid or timely declaration or similar claim or satisfy any certification information or other reporting requirements (in each case, to the extent such Holder or beneficial owner is legally eligible to do so), which is required or imposed by a statute, treaty, regulation or administrative practice of the relevant Tax Jurisdiction as a precondition to exemption from, or reduction in the rate of deduction or withholding of such Taxes; (iii) any Taxes were that are imposed or withheld as a result of the presentation of a any Note or Guarantee for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder or beneficial owner (except to the extent that the holder Holder or beneficial owner would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iv) any estate, inheritance, gift, value added, sale, excise, transfer, personal property or similar Taxestax or assessment; (4v) any Taxes Tax which is payable other otherwise than by deduction or withholding from payments under, made under or with respect to, the Notes or to any Note or Guarantee; (5vi) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors a Foreign Guarantor to the holder of the Notes Holder if such holder Holder is a fiduciary fiduciary, partnership, limited liability company or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments payment had such holder Holder been the sole beneficial owner of such NoteNote or Guarantee; (8) vii) any Taxes that are imposed or withheld as a result of the presentation of any Note or Guarantee for payment by or on behalf of a Holder or beneficial owner of such Notes or Guarantee who would have been able to avoid such withholding or deduction by presenting the relevant Note or Guarantee to, or otherwise accepting payment from, another paying agent; (viii) any Taxes that are imposed or withheld pursuant to current Section Sections 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply withCode, any regulations promulgated thereunder, any official interpretations thereof, any similar law or regulation adopted pursuant to an intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing with respect to the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)Code; or (9ix) any combination of clauses items (1i) through (8) viii) above. In addition to the foregoing, the Issuer and the Guarantors shall also . (b) The relevant Foreign Guarantor will pay and indemnify the holder for when due any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, taxes or any other excise or property taxes, charges or similar levies (including penalties, interest and additions taxes that arise in a Tax Jurisdiction with respect to tax related thereto) which are levied by any jurisdiction on the initial execution, delivery, issuance, delivery or registration of any of the Notes, this Indenture, any Note Guarantee Guarantees or any other document referred to therein, or instrument relating thereto (other than the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereofNotes). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Foreign Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request)Holders, within 60 days a reasonable period of time after the due date for the payment of any Taxes so deducted or withheld is madepursuant to applicable law, either certified copies of Tax tax receipts evidencing such payment by such Foreign Guarantor (in such form as provided in the Issuer or a ordinary course by the relevant Tax Jurisdiction and as is reasonably available to the Foreign Guarantor), as the case may beor, or if, notwithstanding if such entity’s efforts to obtain receipts, receipts are not obtainedobtainable, other evidence of such payments (by such Foreign Guarantor reasonably satisfactory to the Trustee) by such entityHolders. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Neiman Marcus Group LTD LLC), Indenture (Neiman Marcus Group LTD LLC)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Company or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes (whether or not in the form of Definitive Registered Notes) or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1i) any jurisdiction (other than the United States) in which the Issuer Company or any Guarantor (including any successor entity), is or was then incorporated, engaged in business, organized or resident for tax purposes or any political subdivision or governmental authority thereof or therein or (2ii) any jurisdiction from or through which any payment is made by or on behalf of the Issuer Company or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or governmental authority thereof or therein (each of (1i) and (2ii), a “Tax Jurisdiction”) in respect of ), will at any time be required to be made from any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer Company or the relevant GuarantorGuarantor or other payor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each Holder or beneficial owner of Notes (including Additional Amounts) after such withholding withholding, deduction or deduction imposition will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: : (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder, if the relevant holder Holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged incorporated in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction in which such Taxes are imposed or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from the acquisition, ownership acquisition or disposition holding of such Notes, the exercise or enforcement of rights under such Note, this Note or the Indenture or under a Note Guarantee, Guarantee or the receipt of payments in respect of such Note or a Note Guarantee; ; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); ; (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; ; (4iv) any Taxes withheld, deducted or imposed on a payment to an individual and that are required to be made pursuant to European Council Directive 2003/48/EC or any other directive implementing the conclusions of the ECOFIN Council meeting of November 26 and 27, 2000 on the taxation of savings income, or any law implementing or complying with or introduced in order to conform to, such directive; (v) any Taxes imposed as result of any Note presented for payment (where presentation is required) by or on behalf of a Holder who would have been able to avoid such withholding or deduction by presenting the relevant Note to another Paying Agent in a member state of the European Union; (vi) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or with respect to any Note Guarantee; ; (5vii) any Taxes to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder Holder or beneficial owner of the Notes, following the IssuerCompany’s reasonable written request addressed to the holder Holder or beneficial owner at least 60 days before any such withholding or deduction would be imposedpayable to the Holder or beneficial owner, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible entitled to provide such certification or documentation; ; (6viii) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) withheld by or on behalf reason of a holder the failure of the Holder or beneficial owner of the Notes to comply with the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any requirements of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), as of the date of the Offering Memorandum (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any regulations promulgated thereunder, the U.S. Treasury Regulations issued thereunder or any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (interpretation thereof or any related law or administrative practices or procedures) implementing the foregoing or any agreements agreement entered into pursuant to current Section 1471(b)(1) 1471 of the Code Code; or (or any amended or successor version described above); or (9ix) any combination of clauses (1) through (8) above. . (b) In addition to the foregoing, the Issuer Company and the Guarantors shall will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax any other liabilities related thereto) which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)Guarantee. (bc) If the Issuer Company or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer Company or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer Company or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer Company or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary, and may conclusively presume that no payments are necessary unless and until it receives any such Officer’s Certificate. (cd) The Issuer Company or the relevant Guarantor, if it is the applicable withholding agent, shall Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer Company or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer Company or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer Company or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (de) Whenever in this the Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (f) The obligations described under Sections 4.01(c), (d), (e) This Section 4.06 shall and (f) of the Indenture will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (Company or any Guarantor) Guarantor is incorporated, engaged in business, organized business for tax purposes or resident for tax purposes, purposes or any jurisdiction from or through which such Person makes any payment is made under or with respect to on the Notes (or any Note Guarantee) by and any department or on behalf of such Person and, in each case, any political subdivision or taxing authority or agency thereof or thereintherein having the power to tax.

Appears in 2 contracts

Sources: Indenture (Viking Holdings LTD), Indenture (Viking Holdings LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by each Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder Holder at least 60 30 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder Holder of the Notes if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) any Taxes imposed by the United States, any state thereof or the District of Columbia, or any subdivision thereof or territory thereof, including any U.S. federal withholding taxes and any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction relevant Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any paymentspayments or that are imposed on or result from a sale or other transfer or disposition of a Note by a Holder or a beneficial owner, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof), save in each case for any such taxes, charges or levies which arise or are increased as a result of any document effecting the registration, issue or delivery of any of the notes either being signed or executed in the United Kingdom or being brought into the United Kingdom. (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder of this Note upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this the Indenture or the Notes this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The preceding obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will shall equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this the Indenture or the Notes this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The preceding obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Carnival PLC), Indenture (Carnival PLC)

Additional Amounts. (a) All payments made TEL hereby agrees that any amounts to be paid by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or TEL hereunder with respect to the Notes or any Note Guarantee shall be made free paid without deduction or withholding for any and clear of all present and without future withholding or deduction fortaxes, or on account oflevies, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposts and charges whatsoever imposed or levied by or on behalf for the account of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes Cayman Islands or any political subdivision or taxing authority thereof or therein therein, or (2) if deduction or withholding of any jurisdiction from such taxes, levies, imposts or through which charges shall at any payment is made time be required by or on behalf of the Issuer Cayman Islands or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) such subdivision or any political subdivision authority thereof or therein therein, TEL will (each subject to compliance by the Holder of (1such Note with any relevant administrative requirements) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “"Additional Amounts") in respect of principal amount, premium (if any), Redemption Price, and interest (if any), in accordance with the terms of the Notes and this Indenture, as may be necessary in order that the net amounts received and retained in respect of paid to such payments by each beneficial owner of Notes Holder or the Trustee, as the case may be, after such withholding deduction or deduction will withholding, shall equal the respective amounts that would have been received of principal amount, premium (if any), Redemption Price, and retained interest (if any), in respect accordance with the terms of the Notes and this Indenture, as specified in such payments in the absence of Notes to which such withholding or deductionHolder is entitled; provided, however, that no Additional Amounts the foregoing shall be payable with respect not apply to: (1i) any Taxessuch tax, to levy, impost or charge which would not be payable or due but for the extent fact that (A) the Holder of such Taxes Note (or a fiduciary, settlor, beneficiary of, member or shareholder of, such Holder, if such Holder is an estate, trust, partnership or corporation) is a domiciliary, national or resident of, or engaging in business or maintaining a permanent establishment or being physically present in, the Cayman Islands or such political subdivision or otherwise having some present or former connection with the Cayman Islands other than the holding or ownership of such Note or the collection of principal amount, premium (if any), Redemption Price, and interest (if any), in accordance with the terms of the Notes and this Indenture, or the enforcement of such Note or (B) where presentation is required, such Note was presented more than 30 days after the date such payment became due or was provided for, whichever is later; (ii) any estate, inheritance, gift, sales, transfer, excise, personal property or similar tax, levy, impost or charge; (iii) any tax, levy, impost or charge which is payable otherwise than by withholding from payment of principal amount, premium (if any), Redemption Price, and interest (if any); (iv) any tax, levy, impost or charge which would not have been imposed but for the holder failure to comply with certification, information, documentation or other reporting requirements concerning the beneficial owner of the Notes (nationality, residence, identity or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection connections with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result tax authority of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notessuch Note, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any if such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether compliance is required by statute, treaty, statute or by regulation or administrative practice of a Tax Jurisdiction, as a precondition to relief or exemption fromfrom such tax, levy, impost or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationcharge; (6v) any Taxes imposed in connection with a Note presented for payment combination of (where presentation is permitted or required for paymenti) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; through (7) iv); nor shall any Taxes imposed on or with respect Additional Amounts be paid to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment Note to the extent that a beneficiary or settlor with respect to such Taxes fiduciary, or a member or such partnership or a beneficial owner thereof would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant entitled to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent thathad such beneficiary, in such contextsettlor, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder member or beneficial owner been the Holder of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or thereinNote."

Appears in 2 contracts

Sources: Second Supplemental Indenture (Triton Energy LTD), Supplemental Indenture (Triton Energy LTD)

Additional Amounts. (a) All payments made by or on behalf Unless otherwise specified in any Board Resolution of the Issuer or the Guarantor establishing the terms of Securities of a series or the Guarantees relating thereto in accordance with Section 301, if any of the Guarantors (including, in each case, any successor entity) under deduction or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, for any present or future Taxes unless taxes, assessments or other governmental charges of the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor jurisdiction (or any other applicable withholding agent is required by law to withhold political subdivision or deduct any amount for, taxing authority thereof or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United Statestherein) in which the Issuer or any the Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes shall at any time be required by such jurisdiction (or any such political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”taxing authority) in respect of any payments amounts to be paid by the Issuer of principal of or interest on a Security of any series, or by the Guarantor under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumGuarantees, the Issuer or the relevant Guarantor, as applicablethe case may be, shall will pay to the Holder of a Security of such series such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect paid to such Holder of such payments by each beneficial owner of Notes Security who, with respect to any such tax, assessment or other governmental charge, is not resident in such jurisdiction, after such withholding deduction or deduction will equal withholding, shall be not less than the respective amounts that would have been received and retained specified in respect of such payments in the absence of Security to which such withholding or deductionHolder is entitled; provided, however, that no Additional Amounts the Issuer or the Guarantor, as the case may be, shall not be payable with respect to: required to make any payment of additional amounts (1i) for or on account of any such tax, assessment or governmental charge imposed by the United States or any political subdivision or taxing authority thereof or therein or (ii) for or on account of: (a) any Taxestax, to the extent such Taxes assessment or other governmental charge which would not have been imposed but for (i) the holder existence of any present or the beneficial owner of the Notes former connection between such Holder (or between a fiduciary, settlorsettler, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holdersuch Holder, if the relevant holder such Holder is an estate, trust, nominee, partnership, limited liability company partnership or corporation) and the taxing jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settler, beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or national of, or incorporated, engaged in a trade or business in, being or having been physically present or engaged in trade or having a permanent establishment in, the relevant Tax Jurisdiction business therein or having or having had any other present a permanent establishment therein or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment Security of such series (where presentation is required) for payment on a date more than 30 days after the relevant date on which such payment became due and payable or the date on which payment thereof is first made available for payment to the holder duly provided for, whichever occurs later; (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3b) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; tax, assessment or other governmental charge; (4c) any Taxes tax, assessment or other governmental charge which is payable other otherwise than by deduction or withholding from payments underof (or in respect of) principal of, or with respect toany interest on, the Notes or any Note Guarantee; Securities of such series; (5d) any Taxes to the extent such Taxes would not have been tax, assessment or other governmental charge that is imposed or withheld but for by reason of the failure of to comply by the holder Holder or the beneficial owner of the Notes, following Security of such series with a request of the Issuer’s reasonable written request Issuer or the Guarantor addressed to the holder at least 60 days before Holder (i) to provide information concerning the nationality, residence or identity of the Holder or such beneficial owner or (ii) to make any such withholding declaration or deduction would be imposed, to comply with other similar claim or satisfy any certification, identification, information or other reporting requirements, whether which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of a Tax Jurisdiction, the taxing jurisdiction as a precondition to exemption fromfrom all or part of such tax, assessment or reduction in the rate other governmental charge; or (e) any combination of deduction or withholding of, Taxes imposed by the Tax Jurisdiction items (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdictiona), but in each case(b), only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6c) any Taxes imposed in connection with a Note presented for payment and (where presentation is permitted or required for paymentd) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; above; nor shall additional amounts be paid (7i) any Taxes imposed on or with respect to any payment by of the Issuer principal of, or any interest on, any Security of the Guarantors such series to the holder of the Notes if such holder any Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes payment would be required by the laws of the jurisdiction (or any political subdivision or taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or settler with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been imposed on entitled to such payments additional amounts had such holder it been the sole beneficial owner Holder of such Note; Security or (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 ii) if the payment is in respect of a definitive Registered Security issued at the request of a holder of a Book-Entry Security following an Event of Default and at the time the payment is made definitive Registered Securities have not been issued in exchange for the entire principal amounts of the Code Securities. (Sections 205, 803 and 1004). The foregoing provisions shall apply mutandis mutandis to any withholding or any amended deduction for or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) on account of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, assessments or governmental charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by of whatever nature of any jurisdiction on the execution, delivery, issuance, or registration of in which any of the Notes, this Indenture, any Note Guarantee or any other document referred successor Person to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any the Guarantor, as the case may be, becomes aware is organized, or any political subdivision or taxing authority thereof or therein; provided, however, that it will such payment of additional amounts may be obligated subject to pay Additional Amounts with respect to any payment under or with respect such further exceptions as may be established in the terms of such Securities established as contemplated by Section 301. Subject to the Notes or any Note Guaranteeforegoing provisions, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principalany premium or interest on, interest or in respect of, any Security of any other amount payable under, series or with respect to, payment of any related coupon or the net proceeds received on the sale or exchange of the Notes or any Note GuaranteeSecurity of any series, such mention shall be deemed to include mention of the payment of Additional Amounts additional amounts provided for in this Section to the extent that, in such context, Additional Amounts additional amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge thereof pursuant to the provisions of this IndentureSection and express mention of the payment of additional amounts (if applicable) in any provisions hereof shall not be construed as excluding additional amounts in those provisions hereof where such express mention is not made. If the terms of the Securities of a series established as contemplated by Section 301 do not specify that additional amounts pursuant to the Section will not be payable by the Issuer or the Guarantor, at least 10 days prior to the first Interest Payment Date with respect to that series of Securities (or if the Securities of that series will not bear interest prior to Maturity, the first day on which a payment of principal and any transfer by a holder or beneficial owner of its Notespremium is made), and will apply, mutatis mutandis, at least 10 days prior to each date of payment of principal and any jurisdiction in which premium or interest if there has been any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or change with respect to the Notes (matters set forth in the below-mentioned Officers' Certificate, the Issuer will furnish the Trustee and the Issuer's principal Paying Agent or Paying Agents, if other than the Trustee, with an Officers' Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal of and any premium or interest on the Securities of that series shall be made to Holders of Securities of that series or any Note Guarantee) by related coupons without withholding for or on behalf account of any tax, assessment or other governmental charge described in the Securities of that series. If any such Person andwithholding shall be required, in then such Officers' Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities or coupons and the Issuer or the Guarantor, as the case may be, will pay to the Trustee or such Paying Agent or Paying Agents the additional amounts required by this Section. Each of the Issuer and the Guarantor covenant to indemnify each caseof the Trustee and any Paying Agent for, and to hold each of them harmless against, any political subdivision thereof loss, liability or thereinexpense arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers' Certificate furnished pursuant to this Section, except to the extent that any such loss, liability or expense is due to its own negligence or bad faith.

Appears in 2 contracts

Sources: Indenture (Diageo Investment Corp), Indenture (Diageo PLC)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) Guarantor under or with respect to the Notes or any its Note Guarantee shall Guarantee, as the case may be, will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes tax, duty, ▇▇▇▇, impost, assessment or other governmental charge of whatever nature, including penalties and interest related thereto (“Taxes”) imposed or levied by or on behalf of any jurisdiction in which the Issuer or such Guarantor, as the case may be, is then incorporated, engaged in business or resident for tax purposes or any political subdivision thereof or therein or any jurisdiction by or through which payment is made (each, a “Tax Jurisdiction”), unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than Tax Jurisdiction will at any time be required to be made from, or such Taxes are imposed directly on any Holder or beneficial owner of the United States) in which Notes on, any payments made by the Issuer or any Guarantor is or was incorporatedsuch Guarantor, engaged in businessas the case may be, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any its Note Guarantee, includingas the case may be, without limitation, including payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant such Guarantor, as applicablethe case may be, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder (including Additional Amounts) after such withholding withholding, deduction or deduction imposition will equal the respective amounts that which would have been received and retained in respect of such payments in the absence of such withholding withholding, deduction or deductionimposition; provided, however, that no Additional Amounts shall will be payable with respect to: (1) any Taxes, to the extent such Taxes which would not have been imposed but for the holder existence of any present or former connection between the Holder or beneficial owner of the Notes (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, of such Holder or possessor of a power over, the relevant holderbeneficial owner, if the relevant holder such Holder or beneficial owner is an estate, a trust, nominee, a partnership, limited liability company or a corporation) and the relevant Tax Jurisdiction, including, without limitation, such Holder or beneficial owner (or such fiduciary, settlor, beneficiary, member or shareholder) being or having been a citizen or resident thereof or national of, being or incorporated, having been engaged in a trade or business inor present therein or having, being or having been physically present in or having had, a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdictiontherein, other than any connection arising solely from by the acquisition, ownership or disposition mere holding of Notes, the exercise such Note or enforcement of rights under such Note, this Indenture or a Note Guarantee, thereunder or the receipt of payments in respect of such Note or a Note Guaranteethereof; (2) any Taxes, to the extent such Taxes were that are imposed or withheld as a result of the presentation failure of the Holder or beneficial owner of the Notes to comply with any written request, made to that Holder or beneficial owner of the Notes in writing at least 90 days before any such withholding or deduction would be payable, by the Issuer to provide timely or accurate information concerning the nationality, residence or identity of such Holder or beneficial owner of the Notes or to make any valid or timely declaration or similar claim or satisfy any certification, information or other reporting requirement, (A) which is required or imposed by a statute, treaty, regulation or administrative practice of the relevant Tax Jurisdiction as a precondition to exemption from all or part of such Taxes and (B) with respect to which such Holder or beneficial owner is legally entitled to comply; (3) any Note presented for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder or beneficial owner of the Notes (except to the extent that the holder Holder of the Notes would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (34) any estate, inheritance, gift, sale, transfertransfer capital gains, excise, personal property or similar Taxes; (4) any Taxes payable other than by deduction tax or withholding from payments under, or with respect to, the Notes or any Note Guaranteeassessment; (5) if any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure Paying Agent is in a member state of the holder or beneficial owner of the NotesEuropean Union, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could Note who would have been avoided able to avoid such withholding or deduction by presenting the relevant Note to, or otherwise accepting payment from, to another Paying Agent;Agent in a member state of the European Union; or (76) any Taxes imposed on combination of items (1) through (5) above. (b) Notwithstanding anything to the contrary in Section 4.20(a), none of the Issuer, any Paying Agent or any other person shall be required to pay any Additional Amounts with respect to any payment by the Issuer withholding or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been deduction imposed on such payments had such holder been the sole beneficial owner or in respect of such Note; (8) any Taxes that are imposed Note pursuant to current Section Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended, and the regulations promulgated thereunder (“FATCA”), the laws of the Cayman Islands implementing FATCA, or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction the Issuer and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements authority thereof entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); orfor FATCA purposes. (9c) any combination of clauses (1) through (8) above. In addition to the foregoing, the The Issuer and the Guarantors each Guarantor shall also pay and indemnify the holder Holders for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxesTaxes, charges or similar levies (including penalties, interest and additions to tax related thereto) or Taxes which are levied by any jurisdiction on the execution, delivery, issuance, registration or registration enforcement of any of the Notes, this Indenture, any Note Guarantee or any other document or instrument referred to therein, or the receipt of any payments under or with respect thereto, or enforcement of, any of to the Notes or any its Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any GuarantorGuarantee, as the case may be, . (d) If the Issuer or a Guarantor becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any its Note Guarantee, the Issuer or the relevant such Guarantor, as the case may be, shall deliver to the Trustee on a date that which is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or such Guarantor, as the relevant Guarantor case may be, shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must shall also set forth any other information reasonably necessary to enable the Paying Agents Agent to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely solely on an the Officer’s Certificate as conclusive proof that such payments are necessary. (ce) The Issuer or the relevant applicable Guarantor, if it is as the applicable withholding agentcase may be, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority Jurisdiction in accordance with applicable law. The Issuer or applicable Guarantor, as the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor case may be, shall furnish to the Trustee (or to a Holder upon request)and the Holders, within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a such Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entityentity which shall include evidence of a wire transfer or other similar payment. (df) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, premium, if any, interest or of any other amount payable under, under or with respect to, to any of the Notes or any a Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture, Indenture

Additional Amounts. (a) All payments made by or on behalf As it applies to the Notes, Section 10.19 of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee Original Indenture shall be made free amended by: (i) deleting the word “Brazil” throughout such Section 10.19 and clear replacing it with the expression “Taxing Jurisdiction” (as defined in Section 1.02 of and without this Third Supplemental Indenture); (ii) adding the phrase, “, levies” after the phrase, “deduction or withholding or deduction for, or on account of, for any present or future Taxes unless taxes” in the withholding or deduction first sentence of such Taxes is then required by law. If Section 10.19; (iii) deleting the Issuerphrase, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for“who, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to any such tax, assessment or other governmental charge, is not resident in Brazil” in the Notes first sentence of such Section 10.19; (iv) deleting the proviso to the first sentence of such Section 10.19 that includes clauses (1)-(7) thereof and ends with the phrase, “who would not have been entitled to such Additional Amounts had it been the Holder or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantorbeneficial owner, as applicablethe case may be, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after Security” and replacing such withholding or deduction will equal proviso with the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deductionfollowing: “; provided, however, that no the Company shall not be required to make any payment of Additional Amounts shall be payable with respect tothat is imposed due to any of the following: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of Trustee has a connection with the Taxing Jurisdiction other than merely holding the Notes or receiving principal or interest payments on the Notes (such as citizenship, nationality, residence, domicile, or existence of a business, a permanent establishment, a dependent agent, a place of business or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor place of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other management present or former connection with deemed present within the relevant Tax Taxing Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee); (2) any Taxestax imposed on, or measured by, net income; (3) such Holder or the Trustee fails to comply with any certification, identification or other reporting requirements concerning its nationality, residence, identity or connection with the Taxing Jurisdiction, if (x) such compliance is required by applicable law, regulation, administrative practice or treaty as a precondition to exemption from all or a part of the tax, levy, deduction or other governmental charge, (y) such Holder or the Trustee is able to comply with such requirements without undue hardship and (z) at least 30 calendar days prior to the extent first payment date with respect to which such Taxes were imposed as a result of requirements under the presentation of a Note for payment applicable law, regulation, administrative practice or treaty will apply, the Company has notified all Holders that they will be required to comply with such requirements; (4) such Holder or the Trustee fails to present (where presentation is required) more than its Note within 30 calendar days after the relevant payment is first Company has made available for to such Holder or the Trustee a payment to under the holder (except to the extent Notes and this Indenture, provided that the holder Company will pay Additional Amounts which a Holder or the Trustee would have been entitled to Additional Amounts had the Note owned by such Holder or the Trustee been presented on any day (including the last day of day) within such 30 calendar day period); (35) any estate, inheritance, gift, salevalue added, transfer, personal property use or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes sales taxes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notessimilar taxes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information assessments or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation;governmental charges; or (6) any Taxes such taxes, levies, deductions or other governmental charges are imposed in connection with on a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to an individual and are required to be made pursuant to any European Union Council Directive implementing the extent such Taxes could have been avoided by presenting conclusions of the relevant Note ECOFIN Council meeting of November 26-27, 2000 on the taxation of savings income, or any law implementing or complying with, or introduced in order to conform to, or otherwise accepting payment from, another Paying Agentsuch directive; (7) any Taxes imposed where such Holder or the Trustee could have avoided such taxes, levies, deductions or other governmental charges by requesting that a payment on the Notes be made by, or with respect to any presenting the relevant notes for payment by the Issuer or any to, another paying agent of the Guarantors to the holder Company located in a member state of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)European Union; or (98) where the Holder or the Trustee would have been able to avoid the tax, levy, deduction or other governmental charge by taking reasonable measures available to such Holder or the Trustee .” (v) any combination adding the following new paragraph at the end of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors Section 10.19: “The Company shall also promptly pay and indemnify the holder for when due any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, taxes or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on that arise in a Taxing Jurisdiction from the execution, delivery, issuance, enforcement or registration of any of the Notes, this Indenture, any each Note Guarantee or any other document or instrument referred to herein or therein, or . The Company shall indemnify and make whole the receipt of any payments with respect thereto, or enforcement of, any Holders of the Notes for any present or future stamp, court or documentary taxes or any Note Guarantee (limitedother excise or property taxes, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) charges or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be similar levies payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) provided in this paragraph paid by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount Holder of the Notes Notes. The Company shall, if European Council Directive 2003/48/EC or of principal, interest or of any other amount payable under, or with respect to, any Directive implementing the conclusions of the Notes or any Note GuaranteeECOFIN council meeting of November 26-27, such mention shall be deemed to include mention 2000 is brought into force, ensure that it maintains a paying agent hereunder in a member state of the payment of Additional Amounts European Union that will not be obliged to the extent that, in withhold or deduct tax pursuant to such context, Additional Amounts are, were or would be payable in respect thereofDirective. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Third Supplemental Indenture (Brazilian Petroleum Corp), Third Supplemental Indenture (Petrobras International Finance Co)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by each Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder Holder at least 60 30 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder Holder of the Notes if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) any Taxes imposed by the United States, any state thereof or the District of Columbia, or any subdivision thereof or territory thereof, including any U.S. federal withholding taxes and any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction relevant Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any paymentspayments or that are imposed on or result from a sale or other transfer or disposition of a Note by a Holder or a beneficial owner, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof), save in each case for any such taxes, charges or levies which arise or are increased as a result of any document effecting the registration, issue or delivery of any of the notes either being signed or executed in the United Kingdom or being brought into the United Kingdom. (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder of this Note upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this the Indenture or the Notes this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The preceding obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.)

Additional Amounts. (a) All payments made (including any premium paid upon redemption of the Notes) by or on behalf of the Issuer Company or any a successor in respect of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any the Guarantor or a successor in respect of the Note Guarantee shall Guaranty will be made free and clear of of, and without withholding or deduction for, or on account of, of any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuertaxes, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount forduties, assessments, or on account of, any Taxes other governmental charges of whatever nature imposed or levied by or on behalf of (1) Chile, the Cayman Islands, or any authority therein or thereof or any other jurisdiction (other than the United States) in which the Issuer Company or any the Guarantor is (in each case, their successor) are organized, doing business or was incorporatedfrom or through which payments are made in respect of the Notes, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision taxing authority thereof or therein (each any of (1) and (2the aforementioned being a “Taxing Jurisdiction”), a “Tax Jurisdiction”unless the Company or the Guarantor (or their respective successor) in respect are compelled by law to deduct or withhold such taxes, duties, assessments, or governmental charges. In such event, the Company or the Guarantor (or their respective successor) will make such deduction or withholding, make payment of any payments under or with respect the amount so withheld to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall appropriate governmental authority and pay such additional amounts (the “Additional Amounts”) Amounts as may be necessary in order to ensure that the net amounts received and retained in respect of such payments by each beneficial owner registered Holders of Notes after such withholding or deduction will shall equal the respective amounts that of principal and interest (or other amounts stated to be payable under the Notes) which would have been received and retained in respect of such payments the Notes in the absence of such withholding or deduction; provideddeduction (“Additional Amounts”). Notwithstanding the foregoing, however, that no such Additional Amounts shall be payable with respect topayable: (1i) any Taxesto, or to the extent a third party on behalf of, a Holder who is liable for such Taxes would not have been imposed but for the holder taxes, duties, assessments or the beneficial owner governmental charges in respect of such Note by reason of the Notes existence of any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holdersuch Holder, if the relevant holder such Holder is an estate, a trust, nominee, a partnership, limited liability company or a corporation) and the relevant Taxing Jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member or shareholder) being or having been a citizen or resident thereof or national of, being or incorporated, having been engaged in a trade or business inor present therein or having, being or having been physically present in or having had, a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdictiontherein, other than any connection arising solely from the acquisition, ownership or disposition mere holding of Notes, the exercise Note or enforcement of rights under such Note, this the Indenture or a Note Guarantee, or and the receipt of payments with respect to the Note; (ii) in respect of such Note Notes surrendered or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note presented for payment (where presentation if surrender or presentment is required) more than 30 days after the relevant payment is first made available for payment to the holder (Relevant Date except to the extent that payments under such Note would have been subject to withholdings and the holder Holder of such Note would have been entitled to such Additional Amounts had the Amounts, on surrender of such Note been presented for payment on the last day of such period of 30 day period)days; (3iii) to, or to a third party on behalf of, a Holder who is liable for such taxes, duties, assessments or other governmental charges by reason of such Holder’s failure to comply with any certification, identification, documentation or other reporting requirement concerning the nationality, residence, identity or connection with the relevant Taxing Jurisdiction of such Holder, if (1) compliance is required by law or an applicable income treaty as a precondition to, exemption from, or reduction in the rate of, the tax, assessment or other governmental charge and (2) the Company has given the Holders at least 30 days’ notice that Holders will be required to provide such certification, identification, documentation or other requirement; (iv) in respect of any estate, inheritance, gift, salesales, transfer, capital gains, excise or personal property or similar Taxestax, assessment or governmental charge, other than as provided in Section 4.06(g) of the Indenture; (4v) in respect of any Taxes tax, assessment or other governmental charge which is payable other than by deduction or withholding from payments under, of principal of (including premium) or with respect to, interest on the Notes or any Note GuaranteeNote; (5vi) in respect of any Taxes tax imposed on overall net income or any branch profits tax; or (vii) in respect of any combination of the above. Notwithstanding anything to the extent such Taxes would not have been imposed or withheld but for the failure contrary in this section, none of the holder or beneficial owner of Company, the NotesGuarantor, following their respective successors, the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information Paying Agent or other reporting requirements, whether person shall be required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) pay any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or Additional Amounts with respect to any payment by in respect of any taxes imposed under Sections 1471 through 1474 of the Issuer U.S. Internal Revenue Code of 1986 (the “Code”), as amended, or any successor law or regulation implementing or complying with, or introduced in order to conform to, such sections or any intergovernmental agreement or imposed pursuant to any agreement entered into pursuant to section 1471(b)(1) of the Guarantors Code. No Additional Amounts shall be paid with respect to the holder of the Notes if such holder any payment on a Note to a Holder who is a fiduciary fiduciary, a partnership, a limited liability company or partnership or any person other than the sole beneficial owner of such that payment to the extent that such Taxes payment would be required by the relevant Taxing Jurisdiction to be included in the income, for tax purposes, of a beneficiary or settlor with respect to the fiduciary, a member of that partnership, an interest holder in a limited liability company or a beneficial owner who would not have been entitled to the Additional Amounts had that beneficiary, settlor, member or beneficial owner been the Holder. Payments on the Notes are subject in all cases to any tax, fiscal or other law or regulation or administrative or judicial interpretation. Except as specifically provided above, the Company shall not be required to pay Additional Amounts with respect to any tax, assessment or governmental charge imposed on by any government or a political subdivision or taxing authority thereof or therein. Each of the Company and the Guarantor (or their successors) will pay any Taxes required to be deducted or withheld pursuant to applicable law and furnish to the Holders, within 60 days after the date such payment is due, either certified copies of tax receipts evidencing such payment, or, if such receipts are not obtainable, other evidence of such payments had such holder been reasonably satisfactory to the sole beneficial owner Holders. In the event that Additional Amounts actually paid with respect to the Notes are based on rates of deduction or withholding of withholding taxes in excess of the appropriate rate applicable to the Holder of such Note; (8) Notes, and, as a result thereof such Holder is entitled to make claim for a refund or credit of such excess from the authority imposing such withholding tax, then such Holder shall, by accepting such Notes, be deemed to have assigned and transferred all right, title, and interest to any Taxes that are imposed pursuant such claim for a refund or credit of such excess to current Section 1471 through 1474 the Company. Any reference in the Indenture or the Notes to principal, interest or any other amount payable in respect of the Code Notes by the Company or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States Note Guaranty by the Guarantor (or their successors) will be deemed also to refer to any related law Additional Amount, unless the context requires otherwise, that may be payable with respect to that amount under the obligations referred to in this Paragraph 6. The Company, or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoingGuarantor, the Issuer and the Guarantors shall also as applicable, will pay and indemnify the holder for when due any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, taxes or any other excise or property taxes, charges or similar levies (including and any penalties, interest and additions to tax related theretoor interest due with respect thereto imposed by Chile (or any political subdivision or governmental authority thereof or therein having power to tax) which are levied by any jurisdiction on or the Cayman Islands with respect to the initial execution, delivery, issuance, delivery or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) other document or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payableinstrument relating thereto. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor foregoing obligation will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance termination or discharge of this the Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Latam Airlines Group S.A.), Indenture (Latam Airlines Group S.A.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors Guarantor (including, in each case, any successor entity) under or with respect to the Notes or any the Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any the Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any the Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction (other than the United States) from or through which any payment is made by or on behalf of the Issuer or any the Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any the Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of the Notes after such withholding or deduction will shall equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this the Indenture or a the Note Guarantee, or the receipt of payments in respect of such Note or a the Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any the Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors Guarantor to the holder of the Notes if such holder is a fiduciary or partnership or any person Person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall Guarantor will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any the Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee in writing promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely absolutely, and without liability to any Person therefor, on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable lawApplicable Law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a the Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this the Indenture or the Notes this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The preceding obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any the Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Royal Caribbean Cruises LTD), Indenture (Royal Caribbean Cruises LTD)

Additional Amounts. (a) All payments made by or on behalf in respect of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall Securities will be made free and clear of and without withholding or deduction for, for or on account ofof any Applicable Tax Amount, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent Applicable Tax Amount is required by law or the official interpretation or administration thereof. In the event that the Company shall be obligated to withhold pay Additional Amounts in respect of such Applicable Tax Amount, no such obligation to pay Additional Amounts shall apply in respect of any Security: (i) to the extent that such taxes, duties or deduct any amount for, or on account of, any Taxes governmental charges are imposed or levied by reason of such Holder (or the beneficial owner) having some connection with the Taxing Jurisdiction other than the mere holding (or beneficial ownership) of such Security, or receiving Principal or interest payments on the Securities (including, but not limited to, citizenship, nationality, residence, domicile, or existence of a business, a permanent establishment, a dependent agent, a place of business or a place of management present or deemed present within the Taxing Jurisdiction); (ii) to the extent that such taxes are not withholding taxes; (iii) in respect of which the Holder (or beneficial owner) fails to comply with any certification, identification or other reporting requirement concerning its nationality, residence, identity or connection with the Taxing Jurisdiction if (1) compliance is required by applicable law, regulation, administrative practice or treaty as a precondition to exemption from all or a part of the taxes, (2) the Holder (or beneficial owner) is able to comply with those requirements without undue hardship and (3) the Company has given all Holders (or beneficial owners) at least 30 days prior notice that they will be required to comply with such requirements; (iv) in respect of which the Holder fails to surrender (where surrender is required) its Security for payment within 30 days after the Company has made available such payment provided that the Company will pay Additional Amounts to which a Holder would have been entitled had the Security been surrendered on the last day of such 30-day period; (v) to the extent that such taxes, duties or governmental charges are imposed by reason of any estate, inheritance, gift, personal property, value added, use or sales tax or any similar taxes, assessments or other governmental charges; (vi) where such withholding or deduction is imposed on a payment to an individual and is required to be made pursuant to European Council Directive 2003/48/EC or any other Directive on the taxation of savings implementing the conclusions of the ECOFIN Council meeting of 26-27 November 2000 or any law implementing or complying with, or introduced in order to conform to, such Directive; (vii) to the extent that withholding or deduction is imposed pursuant to or in connection with FATCA, as set forth in Section 2.15 of this Indenture; (viii) by or on behalf of a Holder who would have been able to avoid such withholding or deduction by presenting the relevant Security to another Paying Agent in a Member State of the European Union; or (1ix) in the case of any jurisdiction (combination of the items listed above. Nor will Additional Amounts be paid with respect to any payment on a Security to a Holder who is a fiduciary, a partnership, a limited liability company or other than the United States) in which sole beneficial owner of that payment to the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes extent that payment would be required by the laws of a Taxing Jurisdiction (or any political subdivision thereof thereof) to be included in the income, for tax purposes, of a beneficiary or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or settlor with respect to the Notes fiduciary, a member of that partnership, an interestholder in a limited liability company or a beneficial owner who would not have been entitled to the Additional Amounts had that beneficiary, settlor, member or beneficial owner been the Holder. Any reference to payments on the Securities shall be deemed also to include the payment of any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts. However, no Holder (or beneficial owner) as may of a Security shall be entitled to receive any Additional Amounts greater than the amounts necessary in order that the net amounts received and retained in respect of receivable by such payments by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that which would have been received and retained in respect of receivable by such payments Holder in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, subject to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described exceptions above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If The Company will (i) make such withholding or deduction on its payments of Principal and interest on the Issuer Securities as required by the relevant Taxing Jurisdiction and (ii) remit the full amount withheld or deducted to the relevant taxing authority in accordance with applicable law. The Company will furnish to the Trustee, within 30 days after the date of payment of any Guarantorsuch taxes due pursuant to applicable law, certified copies of tax receipts or, if such receipts are not obtainable, documentation evidencing such payment. Upon request, copies of such receipts or other documentation, as the case may be, becomes aware that it will be obligated made available to pay Additional Amounts with respect the Securityholders. (c) At least 10 Business Days prior to the first interest payment date for the Securities, and, if there has been any payment under or change with respect to the Notes or any Note Guaranteematters set forth in the below-mentioned Officers’ Certificate, at least 10 Business Days prior to each interest payment date for the Securities, the Issuer or the relevant Guarantor, as the case may be, Company shall deliver furnish to the Trustee an Officers’ Certificate instructing the Trustee as to any circumstances in which payments of Principal of or interest on a the Securities (including Additional Amounts) due on such date shall be subject to deduction or withholding for or on account of any taxes and the rate of any such deduction or withholding and certifying that is at least 30 days prior the Company shall pay all amounts required to be deducted or withheld to the date appropriate governmental authority. Upon request, copies of that payment (unless such Officers’ Certificate will be made available to the obligation Securityholders. The Company covenants to pay Additional Amounts arises after indemnify the 30th day prior Trustee and any other Paying Agents for, and to that payment datehold each harmless against, any duly documented loss, liability or expense reasonably incurred without gross negligence, bad faith or willful misconduct on their part, arising out of or in which case the Issuer connection with actions taken or not taken by any of them in reliance on any certificate furnished to them pursuant to this paragraph or the relevant Guarantor failure to furnish any such certificate. The obligations of the Company under the preceding sentence shall notify survive the resignation or removal of the Trustee, the Registrar or any Paying Agent, payment of the Securities and the termination of this Indenture. Any certificate required by this Section to be provided to the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will and any other Paying Agent shall be payable and the amount estimated deemed to be so payableduly provided if sent by facsimile to the Trustee and such other Paying Agent. The Officer’s Certificate must also set forth any other information reasonably necessary to enable Upon request, the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will Company shall provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of taxes in respect of which the Company has paid any Additional Amounts. The Trustee Copies of such documentation shall be entitled made available by the Trustee to rely absolutely on an Officer’s Certificate the Securityholders or the other Paying Agents, as conclusive proof that such payments are necessaryapplicable, upon request therefor. (cd) The Issuer foregoing obligations shall survive any termination or resignation of the relevant Guarantor, if it is Trustee or discharge of the applicable withholding agent, Securities and this Indenture. (e) If the Company shall make all withholdings and deductions (within the at any time period) be required by law and shall remit the full amount deducted or withheld to pay Additional Amounts to Securityholders pursuant to the relevant Tax authority in accordance with applicable law. The Issuer or terms of this Indenture, the relevant Guarantor shall Company will use its reasonable efforts to obtain Tax receipts an exemption from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or otherwise avoid the obligation to a Holder upon request), within 60 days after pay) the date tax which has resulted in the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding requirement that it pay such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entityAdditional Amounts. (df) The Company agrees that it will ensure that it maintains a Paying Agent in an EU Member State that will not be obligated to withhold or deduct tax pursuant to European Council Directive 2003/48/EC or any other Directive implementing the conclusions of ECOFIN Council Meeting of 26-27 November 2000 or any law implementing or complying with, or introduced in order to conform to, such Directive. (g) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount Principal of the Notes or of principal, interest or any other amounts on, or in respect of, any Security of any other amount payable under, or with respect to, any of the Notes or any Note Guaranteeseries, such mention shall be deemed to include mention of the payment of Additional Amounts provided for herein or by the terms of such series established hereby or pursuant hereto to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notesthereof pursuant to such terms, and will apply, mutatis mutandis, to express mention of the payment of Additional Amounts (if applicable) in any jurisdiction provision hereof shall not be construed as excluding the payment of Additional Amounts in which any successor Person to the Issuer (or any Guarantor) those provisions hereof where such express mention is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or thereinnot made.

Appears in 2 contracts

Sources: Subordinated Indenture (Banco Santander (Brasil) S.A.), Senior Indenture (Banco Santander (Brasil) S.A.)

Additional Amounts. (a) All payments made or deemed to be made by or on behalf of the Issuer or any of the Guarantors (including, in each caseIssuer, any successor entity) Note Guarantor as well as all payments made or deemed to be made by the Trustee pursuant to the provisions of Sections 8.01 and 8.06 under or with respect to the Notes or with respect to any Note Guarantee shall Guarantee, will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes taxes, levies, imposts, duties, assessments or other governmental charges of whatever nature, including related penalties, interest and other liabilities (“Taxes”) imposed or levied by or on behalf of (i) any jurisdiction in which the Issuer (including any Successor Issuer) is then incorporated, organized or resident for tax purposes or any political subdivision thereof or therein (a “Relevant Tax Jurisdiction”), (ii) any jurisdiction in which any Note Guarantor is then incorporated, organized or resident for tax purposes or any political subdivision thereof or therein (including any Successor Note Guarantor), or (iii) any jurisdiction from or through which payment is made by or on behalf of the Issuer or any Note Guarantor (including, without limitation, the jurisdiction of any Paying and Transfer Agent) or any political subdivision thereof or therein (each of (i), (ii) and (iii), a “Tax Jurisdiction”), unless the withholding or deduction of such Taxes is then required by law. law or the interpretation or administration thereof. (b) If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or Tax Jurisdiction will at any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction time be required to be made from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments made or deemed to be made under or with respect to the Notes or with respect to any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or Issuer, the relevant GuarantorNote Guarantor or other payor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder (including Additional Amounts) after such withholding withholding, deduction or deduction imposition of Taxes will equal the respective amounts that would have been received and retained in respect of such payments or deemed payments in the absence of such withholding or deductiondeduction of Taxes; provided, however, that no Additional Amounts shall will be payable with respect to: (1) any Taxes, to the extent such Taxes that would not have been imposed but for the holder Holder of a Note or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) Note being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present incorporated in or having maintaining a permanent establishment or physical presence in, the relevant Tax Jurisdiction in which such Taxes are imposed, or carrying on a business or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from as a result of the mere acquisition, ownership holding, enforcement or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments payment in respect of such Note or a any Note Guarantee; (2) any Taxes, to the extent such Taxes were that are imposed or withheld as a result of the presentation failure of the Holder or beneficial owner of a Note to comply with any timely reasonable written request, made to that Holder or beneficial owner, by the Issuer or any of the Note Guarantors to provide timely and accurate information concerning the nationality, residence or identity of such Holder or beneficial owner or an appropriate tax file number, Australian Business Number, or other number or exemption details or to make any valid and timely declaration or similar claim or satisfy any certification, information or other reporting requirement, which is required or imposed by a statute, treaty, regulation or administrative practice of the relevant Tax Jurisdiction as a precondition to any exemption from or reduction in all or part of such Taxes to which such Holder or beneficial owner is entitled; (3) any Note presented for payment (where Notes are in the form of definitive registered Notes and presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 30-day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction payment of principal or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with interest on a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect made to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment payment, to the extent that a beneficiary or settlor with respect to such Taxes fiduciary, a member of such a partnership or the beneficial owner of such payment would not have been imposed on such payments entitled to the Additional Amounts had such holder beneficiary, settlor, member or beneficial owner been the sole beneficial owner actual Holder of such Note; (5) any estate, inheritance, gift, sales, excise, transfer, personal property or similar Taxes (not being a tax on income, profits or gains); (6) any Taxes imposed or calculated by reference to net income or profits; (7) any Taxes imposed or withheld by reason of such Holder being an Offshore Associate of the Issuer or any of the Note Guarantors (other than as a result of the transactions contemplated by clause 7 of the Restructuring Support Agreement) or by reason of the Australian Commissioner of Taxation giving a direction to the Issuer or Note Guarantor under section 255 of the Income Tax Assessment Act of 1936 of Australia or section 260-5 of Schedule 1 of the Taxation ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ of Australia; or (8) any Taxes that are combination of items (1) through (7) above. In addition, any amounts to be paid on the Notes will be paid net of any deduction or withholding imposed or required pursuant to current Section Sections 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply withCode, any current or future regulations promulgated thereunder, any or official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(11471(b) of the Code (Code, or any amended fiscal or successor version described above); orregulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code, and no additional amounts will be required to be paid on account of any such deduction or withholding. (9c) any combination of clauses (1) through (8) above. In addition to the foregoing, the The Issuer and the Note Guarantors shall will also pay and indemnify the holder Holder, the Trustee and the Paying and Transfer Agent for any present or future stampstamp duty, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) Taxes which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, registration or registration enforcement of any of the Notes, this Indenture, any Note Guarantee Guarantee, any Security Document or any other document or instrument referred to therein, including but limited to the attorneys’ fees and costs of defending any claim or bringing any claim to enforce the receipt indemnification or other obligations of the Issuer and the Note Guarantors, but excluding taxes, charges or similar levies imposed by any jurisdiction other than (i) Australia (including States and Territories of Australia), (ii) any jurisdiction in which a Note Guarantor is organized or is otherwise a resident for tax purposes, (iii) the jurisdiction in which any successor of the Issuer or a Note Guarantor is organized or resident for tax purposes, (iv) any jurisdiction in which such taxes are levied due to the Issuer’s, a Note Guarantor’s or a successor’s activities in or connection with such jurisdiction, or (v) any jurisdiction in which a Paying and Transfer Agent is located, and the Issuer will agree to indemnify the Holders, the Trustee and the Paying and Transfer Agent for any such taxes properly paid by the Holders. The Issuer and the Note Guarantors will indemnify and hold harmless each Holder for the amount of (i) any Taxes not withheld or deducted by the Issuer or any Note Guarantor and levied or imposed and paid by such Holder as a result of payments made under or with respect to the Notes, (ii) any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, or enforcement of, and (iii) any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, imposed with respect to any such Taxes imposed in a Tax Jurisdiction that are not excluded reimbursement under clauses (1i) or (ii) above. (d) The Issuer and the Note Guarantors will also pay and indemnify the Holder against, and must pay the Holder on demand an amount equal to, any liability or cost which the Holder determines in good faith will be or has been (directly or indirectly) suffered by the Holder for on account of Tax (excluding any Taxes described in Section 4.17(a)(1) through (38) hereof) that has arisen as a consequence of Taxes which should have been, but were not, withheld or (5) through (9) above or any combination thereof)deducted in accordance with this Section 4.17. (be) If the Issuer or any Note Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Note Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment datePayment Date, in which case the Issuer or the relevant Note Guarantor shall notify the Trustee promptly thereafter) an Officer’s Officers’ Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Officers’ Certificate must also set forth any other information reasonably necessary to enable the Paying Agents and Transfer Agent to pay Additional Amounts to Holders on the relevant payment datePayment Date. The Trustee shall be entitled to rely solely on such Officers’ Certificate as conclusive proof that such payments are necessary. The Issuer or the relevant Note Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Amounts and the Trustee shall be entitled will make such documentation available to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessaryHolders. (cf) The Issuer Issuer, or the Paying and Transfer Agent on its behalf, or the relevant Guarantor, if it is the applicable withholding agent, shall Note Guarantor will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Upon request, the Issuer or the relevant Note Guarantor shall use its reasonable efforts will provide to obtain Tax the Trustee an official receipt or, if official receipts from each Tax authority are not obtainable, other documentation satisfactory to the Trustee evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), withheld within 60 30 days after the date the payment of any Taxes so deducted is due. The Issuer or withheld is madethe relevant Note Guarantor (as the case may be) will attach to each certified copy or other document a certificate stating the amount of such Taxes paid per US$1,000 principal amount of the Notes then outstanding. Upon request, certified copies of Tax those receipts evidencing payment by the Issuer or a Guarantorother documentation, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory will be made available by the Trustee to the Trustee) by such entityHolders. (dg) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeGuarantee (as the case may be), such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (eh) This Section 4.06 shall The above obligations will survive any termination, defeasance or discharge of this Indenture, Indenture and any transfer by a holder Holder or beneficial owner of its Notes, Notes and will apply, apply mutatis mutandis, mutandis to any jurisdiction in which any successor Person person to the Issuer (or any Guarantor) Note Guarantor is incorporated, engaged in business, organized or resident for tax purposes, purposes or any jurisdiction from or through which such person makes any payment is made under or with respect to on the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, and any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Emeco Parts Pty LTD), Indenture (Enduro SpA)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes (whether or not in the form of Definitive Registered Notes) or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1i) any jurisdiction (other than the United States) in which the Issuer or any Guarantor (including any successor entity) is then incorporated or was incorporatedorganized, engaged in business, organized business or resident for tax purposes purposes, or any political subdivision thereof or therein therein, or (2ii) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2)each, a “Tax Jurisdiction”) in respect of will at any time be required to be made from any payments made by or on behalf of the Issuer or any Guarantor under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction (including any such withholding or deduction from such Additional Amounts) will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1i) any Taxes, to the extent such Taxes that would not have been imposed but for the holder or the beneficial owner Holder of the Notes having a past or present connection to the relevant Tax Jurisdiction (other than connections resulting from the mere acquisition or a fiduciary, settlor, beneficiary, partner of, member holding of any Note or shareholder the enforcement of, or possessor receipt of a power overpayment under or in respect of, the relevant holderany Note or any Note Guarantee), if the relevant holder is an estateincluding, trustwithout limitation, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present incorporated in or having carrying on a permanent establishment business in, the relevant Tax Jurisdiction in which such Taxes are imposed; (ii) any Taxes that are imposed or having withheld as a result of the failure of the Holder of the Notes to comply with any reasonable written request, made to such Holder in writing at a time that would enable the Holder acting reasonably to comply with such request and, in any event, at least 90 days before any withholding or having had deduction of such Taxes would be payable, by the Issuer to satisfy any certification, information or other present reporting requirement, which is required or former connection with imposed by a statute, treaty, regulation or administrative practice of the relevant Tax Jurisdiction as a precondition to any exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction, other than any connection arising solely from the acquisitionbut in each case, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, only to the extent such Holder is legally entitled to satisfy such requirements; (iii) any Taxes were imposed or withheld as a result of the presentation of a any Note for payment (where Notes are in the form of Definitive Registered Notes and presentation is required) more than 30 60 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 60 day period); (3iv) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4v) any Taxes withheld or deducted from a payment to an individual as required pursuant to European Council Directive 2003/48/EC or any other directive implementing the conclusions of the ECOFIN Council meetings of November 26, 2000 and November 27, 2000 on the taxation of savings income or any law implementing or complying with or introduced in order to conform to, such Directive; (vi) any Taxes imposed or withheld as a result of the presentation of any Note for payment by or on behalf of a Holder of Notes who would have been able to avoid such withholding or deduction by presenting the relevant Note to another Paying Agent in a member state of the European Union; (vii) any Taxes payable other than by deduction or withholding from payments under, under or with respect to, to the Notes Note or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9viii) any combination of clauses items (1) through (8) 7) above. . (b) In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder Holders (and Trustee, as applicable) for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxesTaxes, charges or similar levies (including penaltiesor Taxes, interest and additions to tax related thereto) which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, registration or registration enforcement of any of the Notes, this Indenture, any Note Guarantee or any other document or instrument referred to therein, or the consummation of the transactions contemplated thereby or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (bc) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall Guarantor will deliver to the Trustee on a date that is at least 30 45 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th 45th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Trustee shall be entitled to rely solely on such Officer’s Certificate as conclusive proof that such payments are necessary. Unless and until a Responsible Officer of the Trustee receives such an Officer’s Certificate, the Trustee may assume without inquiry that no Additional Amounts are payable. (d) The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall Guarantor will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts will provide to obtain Tax the Trustee an official receipt or, if official receipts from each Tax authority are not obtainable, other documentation reasonably satisfactory to the Trustee evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish will attach to each certified copy or other document a certificate stating the Trustee (or to a Holder upon amount of such Taxes paid per $1,000 principal amount of the Notes then outstanding. Upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax those receipts evidencing payment by the Issuer or a Guarantorother documentation, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory will be made available by the Trustee to the Trustee) by such entityHolders of the Notes. (de) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (ef) This The obligations set forth in this Section 4.06 shall 4.17 will survive any termination, defeasance or discharge of this Indenture, Indenture and any transfer by a holder Holder or beneficial owner of its Notes, and . (g) The obligations set forth in this Section 4.17 will also apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) Guarantor is incorporatedincorporated or organized, engaged in business, organized business for tax purposes or otherwise resident for tax purposes, or purposes and any jurisdiction from or through which any payment is made under or with respect to the Notes (or any Note Guarantee) is made by or on behalf of such Person andPerson, in each case, including any department or political subdivision thereof or therein.

Appears in 2 contracts

Sources: 2019 Notes Indenture (North Atlantic Drilling Ltd.), 2019 Notes Indenture (North Atlantic Drilling Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee the Securities Guarantees shall be made free and clear of and without withholding of or deduction for, or on account of, any present or future Taxes taxes, duties, assessments or governmental charges of whatever nature (“Taxes”) imposed or levied by or on behalf of Canada or, if any Issuer, a Surviving Person or any Guarantor is not a corporation, any jurisdiction in which a member or partner of such Issuer, Surviving Person, or any Guarantor, as applicable (or, if such member or partner is not a corporation, to the extent payments made under the Notes or the Guarantees would be subject to withholding tax in such jurisdiction, the jurisdiction in which an indirect member or partner of such Person) is organized or resident for tax purposes, or any province, territory or political subdivision thereof, or any authority therein or thereof having the power to tax (each, a “Taxing Jurisdiction”), unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, by the interpretation or on account of, any Taxes imposed or levied by or on behalf administration of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitationsuch law. In that event, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer Issuers or the relevant applicable Guarantor, as applicablethe case may be, shall will pay such additional amounts (the “Additional Amounts”) Amounts as may be necessary in order that the net amounts received and retained in respect by the Holders of such payments by each beneficial owner of the Notes after such withholding or deduction, including any withholding or deduction will with respect to such Additional Amounts, shall equal the respective amounts that which would have been received and retained receivable in respect of such payments the Notes in the absence of such withholding or deduction; provided. Notwithstanding the foregoing, however, that no such Additional Amounts shall be payable by the Issuers or any Guarantor , as the case may be, with respect to: (i) payments to a Holder or beneficial owner who is liable for such Taxes imposed or levied by a Taxing Jurisdiction in respect of such Note (1) by reason of the Holder or beneficial owner being a Person with whom the applicable obligor or any Taxes, to the extent such Taxes would of its members does not have been imposed but deal at arm’s length for the holder purposes of the Income Tax Act (Canada) (the “Canadian Tax Act”) at the time of making such payment or (2) by reason of the existence of any present or former connection between such Holder or beneficial owner of the Notes (or between a fiduciary, settlorsettler, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holdersuch Holder or beneficial owner, if the relevant holder such Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) and the Taxing Jurisdiction, including, without limitation, the Holder or beneficial owner being or having been a citizen or resident or national ofcitizen, national, or incorporatedresident, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Taxing Jurisdiction or having or having had a permanent establishment in the Taxing Jurisdiction (excluding, in each case, any other present connection arising from the mere holding or former receiving payments or enforcing any rights in respect of such note); (ii) any estate, inheritance, gift, sales, transfer, excise or personal property tax or any similar Tax; | (iii) any Tax imposed as a result of the failure of a Holder or beneficial owner of a Note to comply with certification, identification, declaration or similar reporting requirements concerning, without limitation, the nationality, residence, identity or connection with the relevant Tax Jurisdiction, other than any connection arising solely from Taxing Jurisdiction of the acquisition, ownership Holder or disposition beneficial owner of Notes, the exercise or enforcement of rights under such Note, this Indenture if such compliance is required by statute, treaty, regulation or administrative pronouncement as a Note Guaranteeprecondition to relief or exemption from such Tax and if the Issuers or any Guarantor has provided the beneficial owner or its nominee with a written request to provide such declaration or claim at least thirty (30) days’ before such withholding or deduction would be payable; (iv) any Tax which is payable otherwise than by deduction or withholding from payment of, or the receipt of payments in respect of interest on, such Note or a Note any Guarantee; (2v) any Taxeswithholding or deduction that is imposed or levied on a payment to an individual and is required to be made pursuant to European Council Directive 2003/48/EC or any other Directive implementing the conclusions of the ECOFIN Council meeting of November 26-27, 2000 on the taxation of savings income or any law implementing or complying with, or introduced in order to conform to, such Directive; (vi) any Tax that is imposed on or with respect to a payment made to a Holder or beneficial owner who would have been able to avoid such withholding or deduction by presenting the extent such relevant Note to another paying agent; (vii) any Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 thirty (30) days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 thirty (30) day period); (3viii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (includingUnited States of America, without limitationany state thereof, a certification that the holder District of Columbia, any political subdivision thereof or beneficial owner is not resident in any authority therein or thereof having the Tax Jurisdiction), but in each case, only power to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation;tax; or (6ix) any Taxes imposed in connection with a Note presented for payment combination of items (where presentation is permitted or required for paymenti) by or on behalf of a holder or beneficial owner of the Notes to the extent – (viii) above; nor will such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or Additional Amounts be paid with respect to any payment by the Issuer on any Note to a Holder or any of the Guarantors to the holder of the Notes if such holder beneficial owner who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment note to the extent that a beneficiary or settler with respect to such Taxes fiduciary, or a member of such partnership or a beneficial owner thereof would not have been imposed on entitled to receive a payment of such payments Additional Amounts had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply withbeneficiary, any regulations promulgated thereundersettler, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder member or beneficial owner of received directly its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (beneficial or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf distributive share of such Person and, in each case, any political subdivision thereof or thereinpayment.

Appears in 2 contracts

Sources: Supplemental Indenture (Urs Corp /New/), Supplemental Indenture (Urs Corp /New/)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Class B Notes or any Note Guarantee thereof shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Class B Notes or any Note GuaranteeGuarantee thereof, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, interest interest, duration fees or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by each Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Second Supplemental Indenture (Norwegian Cruise Line Holdings Ltd.), Second Supplemental Indenture (NCL CORP Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any in respect of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Guarantor under a Note Guarantee Guarantee, as the case may be, shall be made free and clear of of, and without withholding or deduction for, for or on account of, any present or future Taxes unless the withholding taxes, duties, assessments, levies, fees, withholdings or deduction other governmental charge of such Taxes is then required by law. If the Issuerwhatever nature, any Guarantor including penalties, interest and other liabilities related thereto, imposed, levied, collected, withheld or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied assessed by or on behalf of (1) any taxing jurisdiction (other than the United States) in which the Issuer or any Guarantor (including any successor) is or was incorporated, engaged in business, organized then incorporated or resident for tax purposes or purposes, any political subdivision thereof or therein or (2) any taxing jurisdiction from or through which any payment in respect of the Notes or under a Note Guarantee is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2hereafter “Taxes”), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after unless such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than required by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before law. If any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether is required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guaranteelaw, the Issuer or the relevant Guarantor, as the case may be, shall deliver pay such additional amounts (“Additional Amounts”) as will result in receipt by the Holders of Notes of such amounts as would have been received by them had no such withholding or deduction (including any deduction or withholding in respect of payments of Additional Amounts) been required, except that no Additional Amounts shall be payable with respect to a payment made to a Holder of Notes for or in respect of: (1) Taxes imposed as a result of any of the Trustee following circumstances: (a) the existence of any present or former connection between such Holder or Beneficial Holder of Notes and the jurisdiction imposing such tax (including without limitation, by virtue of the Holder or Beneficial Holder carrying on a date that is business or having a place of business in such jurisdiction), other than merely holding or ownership of, or receiving payments under such Note or Note Guarantee or exercising or enforcing any rights thereunder; (b) the Holder or Beneficial Holder of a Note not dealing at least 30 days prior to arm’s length, within the date meaning of that payment the Income Tax Act (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment dateCanada), in which case with the Issuer or a relevant Guarantor at the relevant Guarantor shall notify time; or (c) the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated payment being deemed to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable a dividend under subsection 214(16) of the Paying Agents to pay Additional Amounts to Holders on Income Tax Act (Canada) by virtue of the Holder or Beneficial Holder of a Note being a “specified shareholder” (within the meaning of subsection 18(5) of the Income Tax Act (Canada)) of the Issuer at the relevant payment datetime. (2) any estate, inheritance, gift, sales, transfer, personal property or similar tax; (3) any Taxes, deduction or withholding imposed by reason of the failure of the Holder or Beneficial Holder of a Note to comply with reasonable certification, information or other reporting requirements after receiving a written advance request from the Issuer or a relevant Guarantor to so comply, if such compliance is required or imposed by a statute, treaty or regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from or reduction in all or part of such Taxes, deduction or withholding, in each case except where such Holder or Beneficial Holder is not legally able to so comply; or (4) any Taxes, to the extent the Holder or Beneficial Holder of the Note would receive a credit therefor against Taxes imposed by the taxing jurisdiction in which such Holder or Beneficial Holder is then incorporated or is resident for tax purposes. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that (i) make such payments are necessary. withholding or deduction and (cii) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its make reasonable efforts to obtain Tax certified copies of tax receipts from each Tax authority evidencing the payment of any Taxes taxes so deducted or withheldwithheld from the relevant taxing authority. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request)Holders of Notes, within 60 45 days after the date the payment of any Taxes taxes so deducted or withheld is madedue pursuant to applicable law, either certified copies of Tax tax receipts evidencing such payment by the Issuer or a Guarantoror, as the case may be, or if, notwithstanding if such entity’s efforts to obtain receipts, receipts are not obtainedobtainable, other evidence of payments such payments. In addition, the Issuer and the Guarantors shall indemnify and hold harmless each Holder and, upon written request of any Holder (reasonably satisfactory subject to the Trusteeexclusions set forth in clauses (1) through (4) of the first paragraph of this Section 5.22) and provided that reasonable supporting documentation is provided, reimburse such Holder for the amount of (i) any such Taxes levied or imposed as a result of payments made under or with respect to the Notes (including payments under this clause (i)), and (ii) any Taxes so levied or imposed with respect to any reimbursement under the foregoing clause (i), so that the net amount received by such entity. (d) Holder after such reimbursement shall not be less than the net amount such Holder would have received if Taxes on such reimbursement had not been levied or imposed. Any payment pursuant to this paragraph shall be an Additional Amount. At least 30 days prior to each date on which any payment under or with respect to the Notes is due and payable, if the Issuer or relevant Guarantor will be obligated to pay Additional Amounts with respect to such payment, the Issuer or relevant Guarantor shall deliver to the Trustees an Officer’s Certificate stating the fact that such Additional Amounts will be payable and the amounts so payable and shall set forth such other information necessary to enable the Paying Agent to pay such Additional Amounts to the Holders on the payment date. Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principalof, premium, if any, interest or of any other amount payable under, under or with respect to, to any of the Notes Note or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. . In addition, the Issuer or relevant Guarantor shall pay any stamp, issue, registration, excise, property, documentary, value added or other similar taxes and other duties (eincluding interest and penalties) This (“Other Taxes”) with respect to (i) enforcement of or payments in respect of a Note Guarantee, (ii) the creation, issue, offering, delivery, registration, execution or enforcement of the Notes or any payment made thereunder, or (iii) any documentation with respect thereto, and the Issuer and each Guarantor shall in each case indemnify the Holders for any Other Taxes paid by such Holders. The obligations set forth in this Section 4.06 5.22 shall survive any termination, defeasance termination or satisfaction and discharge of this Indenture, any transfer by a holder or beneficial owner of its the Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Trust Indenture (Wall2wall Media Inc.), Trust Indenture (Wall2wall Media Inc.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Company or any of the Guarantors Guarantor (including, in each case, any successor entity) ), including amounts payable upon redemption, repurchase or conversion, under or with respect to the Notes or any Note the Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes taxes unless the withholding or deduction of such Taxes taxes is then required by law. If the IssuerCompany, any the Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer Company or any the Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer Company or any the Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments or delivery under or with respect to the Notes or any Note the Guarantee, including, without limitation, payments of principal, redemption priceTax Redemption Price, Optional Redemption Price, purchase price, interest or premium, the Issuer or the relevant amount due upon an exchange, the Company or the Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments or delivery by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by such Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1) A. any Taxestaxes, to the extent such Taxes taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or the beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having or having had a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note the Guarantee, or the receipt of payments in respect of such Note or a Note the Guarantee; (2) B. any Taxestaxes, to the extent such Taxes taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) C. any estate, inheritance, gift, sale, transfer, personal property or similar Taxestaxes; (4) D. any Taxes taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note the Guarantee; (5) E. any Taxes taxes to the extent such Taxes taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the IssuerCompany’s reasonable written request addressed to the holder Holder at least 60 30 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6) F. any Taxes taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agentpaying agent; (7) G. any Taxes taxes imposed on or with respect to any payment by the Issuer Company or any of the Guarantors Guarantor to the holder Holder of the Notes if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) H. any Taxes taxes imposed by the United States, any state thereof or the District of Columbia or any subdivision thereof or territory thereof, including any U.S. federal withholding taxes and any taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) I. any combination of clauses ‎A through ‎H above. (1b) through (8) above. In addition to the foregoing, the Issuer Company and the Guarantors shall Guarantor will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction relevant Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note the Guarantee or any other document referred to therein, or the receipt of any payments payments, with respect thereto, or enforcement of, any of the Notes or any Note the Guarantee (limited, solely in the case of Taxes taxes attributable to the receipt of any payments, or that are imposed on or result from a sale or other transfer or disposition of a Note by a Holder or a beneficial owner, to any such Taxes taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) ‎A through (3) ‎C or (5) ‎E through (9) ‎I above or any combination thereof), save in each case for any United Kingdom stamp duty which arises or is increased as a result of any document effecting the registration, issue or delivery of any of the notes either being signed or executed in the United Kingdom or being brought into the United Kingdom (save in each case where it was required by law or for the purposes of enforcing the notes to do so). (bc) If the Issuer Company or any the Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note the Guarantee, the Issuer Company or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer Company or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer Company or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (cd) The Issuer Company or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer Company or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes taxes so deducted or withheld. The Issuer Company or the relevant Guarantor shall will furnish to the Trustee (or to a Holder of the Notes upon request), within 60 days after the date the payment of any Taxes taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer Company or a the Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trusteetrustee) by such entity. (de) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note the Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (ef) This Section 4.06 shall ‎Section 4.07 will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person person to the Issuer Company (or any the Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note the Guarantee) by or on behalf of such Person person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.)

Additional Amounts. (a) All payments made by or the Company on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes (whether or any Note Guarantee shall not in the form of Definitive Notes) will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding taxes, duties, assessments or deduction governmental charges of such Taxes is then required by law. If the Issuerwhatever nature (collectively, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes “Taxes”) imposed or levied by or on behalf of (1) any jurisdiction (other than Luxembourg, the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes Ireland or any political subdivision or governmental authority of any thereof or therein or having power to tax, (2) any jurisdiction from or through which any payment on the Notes is made by or on behalf of the Issuer or any Guarantor (includingmade, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or governmental authority thereof or therein having the power to tax or (3) any other jurisdiction in which the Payor is organized or otherwise considered to be a resident for tax purposes, or any political subdivision or governmental authority thereof or therein having the power to tax (each of clause (1), (2) and (23), a “Tax Relevant Taxing Jurisdiction”) in respect ), unless the withholding or deduction of Taxes is then required by law. If any deduction or withholding for, or on account of, any Taxes of any Relevant Taxing Jurisdiction shall at any time be required from any payments under or made with respect to the Notes or any Note GuaranteeNotes, including, without limitation, including payments of principal, redemption price, purchase priceRedemption Price, interest or premium, if any, the Issuer or the relevant Guarantor, as applicable, shall Payor will pay (together with such payments) such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner the Holders of Notes or the Trustee, as the case may be, after such withholding or deduction will (including any such deduction or withholding from such Additional Amounts), equal the respective amounts that which would have been received and retained in respect of such payments on the Notes in the absence of such withholding or deduction; provided, however, that no such Additional Amounts shall will be payable with respect to: (1) any Taxes, payments to the extent a Holder or beneficial owner who is liable for such Taxes would not have been imposed but for the holder or the beneficial owner in respect of such Note by reason of the Notes Holder’s or beneficial owner’s having any present or former connection with the Relevant Taxing Jurisdiction (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) including being or having been a citizen or resident or national of, or incorporated, engaged in carrying on a trade business or business in, being or having been physically present in or having maintaining a permanent establishment in, or being physically present in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Relevant Taxing Jurisdiction, ) other than any connection arising solely from by the acquisition, ownership or disposition mere holding of Notes, the exercise such Note or enforcement of rights under such Note, this Indenture or a Note Guarantee, thereunder or the receipt of payments in respect of such Note or a Note Guaranteethereof; (2) any Taxes that are imposed or withheld where such withholding or imposition is by reason of the failure of the Holder or beneficial owner of the Note to comply with any reasonable and timely request by the Payor to provide information concerning the nationality, residence or identity of such Holder or beneficial owner or to make any declaration or similar claim or satisfy any certification, information or other reporting requirement relating to such matters, which is required or imposed by a statute, treaty, regulation, protocol, or administrative practice of the Relevant Taxing Jurisdiction as a precondition to exemption from all or part of such Taxes; (3) except in the case of the winding up of the Payor, any Note presented for payment (where presentation is required) in the Relevant Taxing Jurisdiction (unless by reason of the Payor’s actions, presentment could not have been made elsewhere and except to the extent such Taxes were imposed as a result of that the presentation of a Holder would have been entitled to Additional Amounts had the Notes been presented elsewhere); (4) any Note presented for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of during such 30 day period); (35) any Taxes that are payable otherwise than by withholding from a payment of the principal of, premium, if any, or interest, if any, on the Notes; (6) any estate, inheritance, gift, sale, transfer, personal property or similar Taxestax, assessment or other governmental charge; (47) a Tax imposed on a payment to an individual and required to be made pursuant to the Directive or any Taxes payable other than by deduction law implementing or withholding from payments undercomplying with, or with respect introduced in order to conform to, the Notes or any Note Guarantee;such Directive; or (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of 8) a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner who would have been able to avoid such Tax by presenting the Note to another paying agent in a member state of the European Union. Such Additional Amounts will also not be payable where, had the beneficial owner of the Notes to Note been the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any Holder of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes Note, it would not have been imposed on such payments had such holder been the sole beneficial owner entitled to payment of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination Additional Amounts by reason of clauses (1) through to (8) inclusive above. In addition to the foregoingUpon request, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor Company will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall Copies of such documentation will be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld made available to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder Holders upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Euro Indenture (JSG Acquisitions I), Dollar Indenture (JSG Acquisitions I)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any Guarantor or any successor in interest to any of the Guarantors foregoing (includingeach, in each case, any successor entitya “Payor”) under on or with respect to the Notes Securities or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the such withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of of: (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2a) any jurisdiction from or through which payment on the Securities or any payment Guarantee is made by or on behalf of the Issuer or any Guarantor political subdivision or governmental authority thereof or therein having the power to tax (including, without limitation, including the jurisdiction of any Paying Agentpaying agent); or (b) any other jurisdiction in which a Payor that actually makes a payment on the Securities or its Guarantee is organized or otherwise considered to be engaged in business or resident for tax purposes, or any political subdivision or governmental authority thereof or therein having the power to tax (each of clause (1a) and (2b), a “Tax Relevant Taxing Jurisdiction”) in respect of ), shall at any time be required by law to be made from any payments under or made with respect to the Notes Securities or any Note Guarantee, including, without limitation, including payments of principal, redemption price, purchase price, interest or premium, if any, the Issuer or the relevant Guarantor, as applicable, Payor shall pay (together with such payments) such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes payments, after such withholding or deduction will equal (including any such deduction or withholding from such Additional Amounts), shall not be less than the respective amounts that would have been received and retained in respect of such payments on the Securities or the Guarantees in the absence of such withholding or deduction; provided, however, that no such Additional Amounts shall be payable with respect tofor or on account of: (1) any Taxes, to the extent such Taxes that would not have been so imposed or levied but for the existence of any present or former connection between the holder or the beneficial owner of the Notes (or between a fiduciary, settlor, beneficiary, partner ofpartner, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant such holder is an estate, nominee, trust, nominee, partnership, limited liability company or corporation) and the Relevant Taxing Jurisdiction (including being or having been a citizen or resident or national of, or incorporated, engaged in carrying on a trade business or business in, being or having been physically present in or having maintaining a permanent establishment in, or being physically present in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Relevant Taxing Jurisdiction) but excluding, other than in each case, any connection arising solely from the acquisition, ownership or disposition holding of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, Securities or the receipt of payments any payment in respect of such Note or a Note Guaranteethereof; (2) any Taxes that would not have been so imposed or levied if the holder had complied with a reasonable request in writing of the Payor (such request being made at a time that would enable such holder acting reasonably to comply with that request) to make a declaration of nonresidence or any other claim or filing or satisfy any certification, information or reporting requirement for exemption from, or reduction in the rate of, withholding to which it is entitled (provided that such declaration of nonresidence or other claim, filing or requirement is required by the applicable law, treaty, regulation or administrative practice of the Relevant Taxing Jurisdiction as a precondition to exemption from the requirement to deduct or withhold all or a part of any such Taxes, ) but only to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation holder is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been legally entitled to Additional Amounts had the Note been presented on the last day of provide such 30 day period)certification or documentation; (3) any Taxes that are payable otherwise than by withholding or deduction from a payment on the Securities or any Guarantee; (4) any estate, inheritance, gift, salesales, excise, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note Security presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could Holder who would have been avoided able to avoid such Tax by presenting the relevant Note to, or otherwise accepting payment from, Security to another Paying Agentpaying agent in a member state of the European Union; (76) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section payable under Sections 1471 through 1474 of the Code Code, as of the date of the Offering Memorandum (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations promulgated thereunder, any or official interpretations thereof, thereof and any agreements (including any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or proceduresagreements) implementing the foregoing or any agreements entered into pursuant thereto; (7) any Taxes if the holder is a fiduciary or partnership or Person other than the sole beneficial owner of such payment and the Taxes that would otherwise give rise to current Section 1471(b)(1) such Additional Amounts would not have been imposed on such payment had the holder been the beneficiary, partner or sole beneficial owner, as the case may be, of such Security (but only if there is no material cost or expense associated with transferring such Security to such beneficiary, partner or sole beneficial owner and no restriction on such transfer that is outside the control of such beneficiary, partner or sole beneficial owner); (8) any Taxes imposed on a payment in respect of the Code (Securities required to be made pursuant to laws enacted by Switzerland providing for the taxation of payments according to principles similar to those laid down in the draft legislation of the Swiss Federal Council of 17 December 2014 altering the debtor-based Swiss federal withholding tax system to a paying-agent system where a Person other than the Issuer has to withhold tax on any interest payments or any amended or successor version described above)securing of interest payments; or (9) any combination of the above. Such Additional Amounts shall also not be payable (x) if the payment could have been made without such deduction or withholding if the relevant Security had been presented for payment (where presentation is required) within 30 days after the relevant payment was first made available for payment to the holder or (y) to the extent where, had the beneficial owner of the relevant Security been the Holder of such Security, such beneficial owner would not have been entitled to payment of Additional Amounts by reason of any of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above inclusive above. The Payor shall (i) make any required withholding or deduction and (ii) remit the full amount deducted or withheld to the relevant taxing authority of the Relevant Taxing Jurisdiction in accordance with applicable law. Upon request, the Payor shall use all reasonable efforts to obtain certified copies of tax receipts evidencing the payment of any combination thereof). (b) Taxes so deducted or withheld from each relevant taxing authority of each Relevant Taxing Jurisdiction imposing such Taxes and shall provide such certified copies to the Trustee. If, notwithstanding the efforts of such Payor to obtain such receipts, the same are not obtainable, such Payor shall provide the Trustee with other reasonable evidence of payment. Such receipts or other evidence received by the Trustee shall be made available by the Trustee to Holders on request. If the Issuer or any Guarantor, as the case may be, becomes aware that it will Payor shall be obligated to pay Additional Amounts under or with respect to any payment under or with respect to made on the Notes Securities or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless such payment, the obligation Payor shall deliver to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) and the paying agent an Officer’s Certificate stating the fact that Additional Amounts will shall be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any payable and such other information reasonably necessary to enable the Paying Agents paying agent to pay Additional Amounts to Holders on the relevant payment date. The Issuer or date (unless such obligation to pay Additional Amounts arises less than 45 days prior to the relevant Guarantor will provide payment date, in which case the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee Payor shall be entitled to rely absolutely on an deliver such Officer’s Certificate and such other information as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable lawpromptly as practicable thereafter). The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever Wherever in this Indenture Indenture, the Securities or the Notes any Guarantee there is mentioned, in any context, : (1) the payment of amounts based upon the principal amount principal; (2) redemption prices or purchase prices in connection with a redemption or purchase of the Notes or of principal, interest or of Securities; (3) interest; or (4) any other amount payable under, on or with respect to, to any of the Notes Securities or any Note Guarantee, ; such mention reference shall be deemed to include mention of the payment of Additional Amounts as described under this heading to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. . The Payor shall pay any present or future stamp, court or documentary Taxes, or any other excise, property or similar Taxes that arise in any Relevant Taxing Jurisdiction from the execution, delivery, issuance, initial resale, registration or enforcement of any Securities, Guarantee, Indenture or any other document or instrument in relation thereto (e) This Section 4.06 other than a transfer of the Securities occurring after the initial resale). The foregoing obligations shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, Indenture and will apply, shall apply mutatis mutandis, mutandis to any jurisdiction in which any successor Person to the Issuer (a Payor is organized or any Guarantor) is incorporated, otherwise considered to be engaged in business, organized business or resident for tax Tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision or taxing authority or agency thereof or therein.

Appears in 2 contracts

Sources: Indenture (Constellium N.V.), Indenture (Constellium N.V.)

Additional Amounts. (a) All payments made by or on behalf of principal and interest in respect of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of of, and without deduction or withholding or deduction for, for or on account of, of any present or future Taxes unless the withholding taxes, duties, assessments or deduction other governmental charges of such Taxes is then required whatsoever nature imposed, levied, collected, withheld or assessed by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes States or any political subdivision or taxing authority of or in the United States, unless such withholding or deduction is required by law. (b) The Company shall pay to a Holder of Notes who is not a United States person additional amounts as may be necessary so that every net payment of the principal of and premium, if any, and interest on the Notes to such Holder, after deduction or withholding for or on account of any present or future tax, assessment or other governmental charge imposed upon such Holder by the United States of America or any taxing authority thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicabletherein, shall pay not be less than the amount provided in the Note to be then due and payable (such additional amounts (amounts, the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction); provided, however, that no the Company shall not be required to make any payment of Additional Amounts shall be payable with respect tofor or on account of: (1i) any Taxestax, to the extent such Taxes assessment or other governmental charge that would not have been imposed but for (A) the holder existence of any present or former connection (other than a connection arising solely from the ownership of those Notes or the receipt of payments in respect of those Notes) between that Holder (or the beneficial owner for whose benefit such Holder holds such Notes), or between a fiduciary, settlor, beneficiary of, member or shareholder of, or possessor of a power over, that Holder or beneficial owner, if that Holder or beneficial owner is an estate, trust, partnership or corporation, and the United States, including that Holder or beneficial owner, or that fiduciary, settlor, beneficiary, member, shareholder or possessor being or having been a citizen or resident or treated as a resident of the Notes United States or being or having been engaged in trade or business or present in the United States or having had a permanent establishment in the United States or (B) the presentation of a debt security for payment on a date more than 30 days after the later of the date on which that payment becomes due and payable and the date on which payment is duly provided for; (ii) any estate, inheritance, gift, sales, transfer, excise, personal property, wealth, capital gains, interest equalization or similar tax, assessment or other governmental charge; (iii) any tax, assessment or other governmental charge imposed on foreign personal holding company income or by reason of a Holder (or the beneficial owner for whose benefit such Holder holds such Notes), or a fiduciary, settlor, beneficiary, partner beneficiary of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder that Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company partnership or corporation) , being or having been a citizen passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization or resident a personal holding company with respect to the United States or national a corporation that accumulates earnings to avoid U.S. federal income tax; (iv) any tax, assessment or other governmental charge which is payable otherwise than by withholding from payment of principal of or premium, if any, or interest on the Notes of that Holder; (v) any tax, assessment or other governmental charge required to be withheld by any paying agent from any payment of principal of or premium, if any, or interest on the Notes of that Holder if such payment can be made without withholding by any other paying agent; (vi) any tax, assessment or other governmental charge which would not have been imposed but for the failure of a Holder (or the beneficial owner for whose benefit such Holder holds the Notes), or a fiduciary, settlor, beneficiary of, member or shareholder of, or incorporatedpossessor of power over, engaged in the holder or beneficial owner, if that Holder or beneficial owner is an estate, trust, partnership or corporation, or any intermediary through which a trade beneficial owner holds Notes to comply with certification, information, documentation or business inother reporting requirements concerning the nationality, residence, identity or connections with the United States of America of the beneficial owner or any Holder of the Notes (including, but not limited to, the requirement to provide Internal Revenue Service Forms W-8BEN, Forms W-8ECI, or any subsequent versions thereof or successor thereto, and including, without limitation, any documentation requirement under an applicable income tax treaty); (vii) any tax, assessment or other governmental charge imposed as a result of a Holder (or the beneficial owner for whose benefit such Holder holds such Notes), or a fiduciary, settlor, beneficiary of, member or shareholder of, or possessor of a power over, the Holder or beneficial owner, if that Holder or beneficial owner is an estate, trust, partnership or corporation, being or having been physically present (A) a 10% shareholder (as defined in Section 871(h)(3)(B) of the Internal Revenue Code, and the regulations that may be promulgated thereunder) of the Company or having (B) a permanent establishment in, controlled foreign corporation that is related to the relevant Tax Jurisdiction Company within the meaning of Section 864(d)(4) of the Internal Revenue Code or having or having had any other present or former connection with (C) a bank receiving interest described in Section 881(c)(3)(A) of the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note GuaranteeInternal Revenue Code; (2viii) any Taxes, withholding or deduction that is imposed on a payment to an individual and is required to be made pursuant to European Council Directive 2003/48/EC relating to the extent taxation of savings, or any law implementing or complying with, or introduced in order to conform to, such Taxes were imposed as a result of the presentation of a Note for payment Directive (where presentation or any successor version that is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day periodsubstantively comparable); (3ix) any estatetax, inheritance, gift, sale, transfer, personal property assessment or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes governmental charge that would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notesa change in law, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposedregulation, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdictionor judicial interpretation that becomes effective more than 15 days after the payment becomes due or is duly provided for, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationwhichever occurs later; (6x) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section taxes payable under Sections 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Internal Revenue Code (or any amended or successor version described aboveof such Sections), any current or future regulations or other guidance thereunder, or any agreement (including any intergovernmental agreement) entered into in connection therewith; or (9xi) any combination of clauses items (1i), (ii), (iii), (iv), (v), (vi), (vii), (viii), (ix) through and (8) x) above. In addition ; nor shall any Additional Amounts be paid to any Holder that is not the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any sole beneficial owner of the Notes, this Indenture, any Note Guarantee or any other document referred to thereina portion of the Notes, or the receipt of any payments with respect theretothat is a fiduciary, partnership or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable limited liability company to the receipt of any payments, to any such Taxes imposed in extent that a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or beneficial owner with respect to the Notes Holder, a beneficiary or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or settlor with respect to the Notes (fiduciary or any Note Guarantee) by a member of that partnership, limited liability company or on behalf a beneficial owner thereof would not have been entitled to the payment of such Person andthose Additional Amounts had that beneficiary, in each casesettlor, any political subdivision thereof member or thereinbeneficial owner received directly its beneficial or distributive share of the payment.

Appears in 2 contracts

Sources: Ninth Supplemental Indenture (Thermo Fisher Scientific Inc.), Eighth Supplemental Indenture (Thermo Fisher Scientific Inc.)

Additional Amounts. (a) All Except as otherwise established for a series of Notes in an Officer’s Certificate or supplemental indenture pursuant to Section 2.3 hereof, all payments made of principal and interest by or on behalf the Issuer in respect of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes taxes, duties, assessments or other governmental charges of whatever nature, unless the such withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor such withholding or any other applicable withholding agent deduction is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or any authority therein or (2) any jurisdiction from or through which any payment is made having power to tax, with respect to payments of principal and interest by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or the Notes, the Issuer shall pay to the Holder of each Note who is a United States Alien such additional amounts (all such amounts being referred to herein with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order so that the net amounts received and retained in respect of such payments by each beneficial owner of Notes that Holder after such withholding or deduction will shall equal the respective amounts that which would have been received and retained receivable in respect of such payments Note in the absence of such withholding or deduction; provided, howeverprovided that, that no such Additional Amounts shall be payable with in relation to any such withholding or deduction in respect toof any Note: (1a) in respect of any Taxestax, to the extent such Taxes duty, assessment or governmental charge that would not have been so imposed but for the existence of any present or former connection between the Holder or beneficial owner of such Note (or between a fiduciary, settlor, beneficiary, member or shareholder of, or holder of a power over, such Holder or beneficial owner, if such Holder or beneficial owner is an estate, trust, partnership or corporation) and the United States (other than a connection arising solely from the ownership of the Notes or the receipt of payments or enforcement of rights in respect thereof), including, without limitation, such Holder or beneficial owner (or such fiduciary, settlor, beneficiary, member, shareholder or holder of a power) being considered as: (A) being or having been present or engaged in a trade or business in the United States or having or having had a permanent establishment therein; or (B) having a current or former relationship with the United States, including a relationship as a citizen or resident or being treated as a resident thereof; (b) in respect of any tax, duty, assessment or governmental charge that would not have been so imposed but for the Holder or beneficial owner of the Notes Note (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor holder of a power over, the relevant holdersuch Holder or beneficial owner, if the relevant holder such Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company partnership or corporation) being or having been treated as: (A) a citizen or resident or national ofcontrolled foreign corporation, or incorporateda passive foreign investment company, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture personal holding company or a Note Guarantee, or the receipt of payments in respect of such Note corporation that has accumulated earnings to avoid U.S. federal income tax or a Note Guaranteeprivate foundation or other tax-exempt organization; or (B) an actual or a constructive “10-percent shareholder” of the Issuer within the meaning of Section 871(h)(3) of the U.S. Internal Revenue Code of 1986, as amended (the “Code”); or (C) a bank that is described in Section 881(c)(3)(A) of the Code; (2c) to any Taxes, to the extent such Taxes were imposed as a result of the presentation Holder or beneficial owner of a Note for payment (where presentation who is required) more than 30 days after the relevant payment is first made available for payment to the holder (except a fiduciary or partnership to the extent that the holder a beneficiary or settlor with respect to such fiduciary or member of such partnership would not have been entitled to the payment of Additional Amounts had such beneficiary, settlor or member been the Note been presented on the last day Holder or beneficial owner of such 30 day period)Note; (3d) in respect of any estatetax, inheritanceduty, gift, sale, transfer, personal property assessment or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes governmental charge that would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the NotesNote to comply with applicable certification, following identification or information reporting requirements under United States income tax laws concerning the Issuer’s reasonable written request addressed nationality, residence, identity or connection (or lack of connection) with the United States of the Holder or beneficial owner, if such compliance is required by United States income tax laws as a precondition to relief or exemption from such tax, duty, assessment or governmental charge; or (e) in any case that is a combination of any of (a) through (d) above, provided, further, that no such Additional Amounts shall be payable with respect to any Note presented for payment more than 30 days after the Relevant Date (as defined below) except to the holder at least 60 days before extent that the Holder thereof would have been entitled to such Additional Amounts on presenting the same for payment on the last day of such 30-day period assuming that day to have been a Business Day. All payments of principal and interest by the Guarantor in respect of the Guarantee shall be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or other governmental charges of whatever nature, unless such withholding or deduction is required by law. If any such withholding or deduction is imposed or levied by or on behalf of Japan, or any political subdivision thereof or any authority therein having power to tax, with respect to payments of principal and interest by the Guarantor in respect of the Notes or the Guarantee, the Guarantor shall pay to the Holder of each Note such additional amounts (all such amounts being referred to herein with respect to the Guarantor as “Additional Amounts”) as may be necessary so that the net amounts received by that Holder after such withholding or deduction shall equal the respective amounts which would have been receivable in respect of such Note in the absence of such withholding or deduction; provided that, no such Additional Amounts shall be imposedpayable in relation to any such withholding or deduction in respect of any Note or the Guarantee: (a) in respect of any tax, to comply with duty, assessment or governmental charge that would not have been so imposed but for the existence of any certificationpresent or former connection between the Holder or beneficial owner of such Note or the Guarantee (or between a fiduciary, identificationsettlor, information beneficiary, member or other reporting requirementsshareholder of, whether required by statute, treaty, regulation or administrative practice holder of a Tax Jurisdictionpower over, as such Holder or beneficial owner, if such Holder or beneficial owner is an estate, trust, partnership or corporation) and Japan (other than a precondition to exemption fromconnection arising solely from the ownership of the Notes or the receipt of payments or enforcement of rights in respect thereof), or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder such Holder or beneficial owner is not (or such fiduciary, settlor, beneficiary, member, shareholder or holder of a power) being considered as: (A) being or having been present or engaged in a trade or business in Japan or having or having had a permanent establishment therein; or (B) having a current or former relationship with Japan, including a relationship as a citizen or resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationbeing treated as a resident thereof; (6b) in respect of any Taxes tax, duty, assessment or governmental charge that would not have been imposed in connection with a Note presented or withheld but for payment (where presentation is permitted or required for payment) by or on behalf the failure of a holder the Holder or beneficial owner of the Notes Note or the Guarantee to comply with applicable certification, identification or information reporting requirements under Japanese income tax laws concerning the nationality, residence, identity or connection (or lack of connection) with Japan of the Holder or beneficial owner, if such compliance is required by Japanese income tax laws as a precondition to relief or exemption from such tax, duty, assessment or governmental charge; (c) presented for payment more than 30 days after the Relevant Date (as defined below) except to the extent such Taxes could that the Holder thereof would have been avoided by entitled to such Additional Amounts on presenting the relevant Note to, or otherwise accepting same for payment from, another Paying Agenton the last day of such 30-day period assuming that day to have been a Business Day; (7d) any Taxes imposed on or with respect to any payment by Holder or beneficial owner of a Note or the Issuer or any of the Guarantors to the holder of the Notes if such holder Guarantee who is a fiduciary or partnership to the extent that a beneficiary or any person other than settlor with respect to such fiduciary or member of such partnership would not have been entitled to the sole payment of Additional Amounts had such beneficiary, settlor or member been the Holder or beneficial owner of such payment to Note or the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note;Guarantee; or (8) e) in any Taxes case that are is a combination of any of (a) through (d) above. In addition, no Additional Amounts will be payable by the Issuer or the Guarantor for or on account of any deduction or withholding imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereofFATCA, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant with respect to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary TaxesFATCA, or any law, regulation or other excise official guidance enacted or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by issued in any jurisdiction on the execution, delivery, issuanceimplementing, or registration relating to, FATCA, similar legislation under the laws of any other jurisdiction, or any such intergovernmental agreement. As used herein, the “Relevant Date” means the date on which any payment in respect of a Note first becomes due, except that, if the full amount of the Notesmoneys payable has not been duly received by the Trustee on or prior to such due date, it means the date on which, the full amount of such moneys having been so received, notice to that effect is duly given to the Holders in accordance with this Indenture, any Note Guarantee or any other document referred to therein, . The Issuer or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to make any payment under required withholding or with respect to the Notes deduction of taxes, duties, assessments or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on governmental charges imposed by a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts Tax Jurisdiction and will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount withheld or deducted or withheld to the relevant applicable Tax authority Jurisdiction in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s will use reasonable efforts to obtain receiptscertified copies of tax receipts evidencing the payment of any tax, receipts duty, assessment or other governmental charge so withheld or deducted from the Tax Jurisdiction imposing such tax, duty, assessment or other governmental charges, and if certified copies are not obtainedavailable, the Issuer or the Guarantor, as the case may be, will use reasonable efforts to obtain other evidence of payments (reasonably satisfactory to the Trustee. The Trustee shall make such certified copies or other evidence available to the Noteholders or the beneficial owners of the Notes upon reasonable written request to the Trustee. At least 10 days prior to the first interest payment date on the Notes on which the Issuer or the Guarantor, as the case may be, would be required to pay Additional Amounts, and at least 10 days prior to each principal or subsequent interest payment date with respect to such Notes if there has been any change with respect to the matters set forth in the previously provided Officer’s Certificate or Guarantor Officer’s Certificate, the Issuer or the Guarantor, as the case may be, will furnish the Trustee and the Paying Agent, if other than the Trustee, with an Officer’s Certificate or Guarantor Officer’s Certificate instructing the Trustee and such Paying Agent as to the amount required to be deducted or withheld on such payments to the Holders of Notes and indicating that the Issuer or the Guarantor, as the case may be, will pay to the Trustee or such Paying Agent the Additional Amounts required by this Section 9.5. The obligation to pay Additional Amounts shall not apply to (i) any estate, inheritance, gift, excise, sales, transfer, personal property or any similar tax, duty, assessment, fee or other governmental charge or (ii) any tax, duty, assessment, fee or other governmental charge that is payable otherwise than by such entity. (d) deduction or withholding from payments of principal of or interest on the Notes or the Guarantee; provided that, except as otherwise set forth in the Notes and this Indenture, the Issuer and the Guarantor, as the case may be, shall pay all stamp, court or documentary taxes or any other excise, property or similar taxes, charges or levies and other duties, if any, which may be imposed by a Tax Jurisdiction, with respect to this Indenture or as a consequence of the issuance, execution, delivery or registration of the Notes and the Guarantee. Whenever in this Indenture Indenture, the Notes or the Notes Guarantee there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable underof, or with interest on, or in respect toof, any of Note or the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts provided for in this Section 9.5, to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge thereof pursuant to the provisions of this Indenture, any transfer by a holder or beneficial owner of its NotesSection 9.5, and will apply, mutatis mutandis, to express mention of the payment of Additional Amounts (if applicable) in any jurisdiction provisions hereof or thereof shall not be construed as excluding Additional Amounts in which any successor Person to the Issuer (other provisions hereof or any Guarantor) thereof where such express mention is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or thereinnot made.

Appears in 2 contracts

Sources: Indenture (Takeda Pharmaceutical Co LTD), Indenture (Takeda U.S. Financing Inc.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Company or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes (whether or not in the form of Definitive Registered Notes) or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1i) any jurisdiction (other than the United States) in which the Issuer Company or any Guarantor (including any successor entity), is or was then incorporated, engaged in business, organized or resident for tax purposes or any political subdivision or governmental authority thereof or therein or (2ii) any jurisdiction from or through which any payment is made by or on behalf of the Issuer Company or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or governmental authority thereof or therein (each of (1i) and (2ii), a “Tax Jurisdiction”) in respect of ), will at any time be required to be made from any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer Company or the relevant GuarantorGuarantor or other payor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each Holder or beneficial owner of Notes (including Additional Amounts) after such withholding withholding, deduction or deduction imposition will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: : (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder, if the relevant holder Holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged incorporated in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction in which such Taxes are imposed or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from the acquisition, ownership acquisition or disposition holding of such Notes, the exercise or enforcement of rights under such Note, this Note or the Indenture or under a Note Guarantee, Guarantee or the receipt of payments in respect of such Note or a Note Guarantee; ; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); ; (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; ; (4iv) any Taxes imposed as result of any Note presented for payment (where presentation is required) by or on behalf of a Holder who would have been able to avoid such withholding or deduction by presenting the relevant Note to another Paying Agent in a member state of the European Union; (v) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or with respect to any Note Guarantee; ; (5vi) any Taxes to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder Holder or beneficial owner of the Notes, following the IssuerCompany’s reasonable written request addressed to the holder Holder or beneficial owner at least 60 days before any such withholding or deduction would be imposedpayable to the Holder or beneficial owner, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible entitled to provide such certification or documentation; ; (6vii) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) withheld by or on behalf reason of a holder the failure of the Holder or beneficial owner of the Notes to comply with the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any requirements of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), as of the date of the Offering Memorandum (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any regulations promulgated thereunder, the U.S. Treasury Regulations issued thereunder or any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (interpretation thereof or any related law or administrative practices or procedures) implementing the foregoing or any agreements agreement entered into pursuant to current Section 1471(b)(1) 1471 of the Code Code; or (or any amended or successor version described above); or (9viii) any combination of clauses (1i) through (8) vii) above. . (b) In addition to the foregoing, the Issuer Company and the Guarantors shall will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax any other liabilities related thereto) which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)Guarantee. (bc) If the Issuer Company or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer Company or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer Company or the relevant Guarantor shall notify the Trustee in writing promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer Company or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary, and may conclusively presume that no payments are necessary unless and until it receives any such Officer’s Certificate. (cd) The Issuer Company or the relevant Guarantor, if it is the applicable withholding agent, shall Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer Company or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer Company or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer Company or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (de) Whenever in this the Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (f) The obligations described under Sections 4.01(c), (d), (e) This Section 4.06 shall and (f) of the Indenture will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (Company or any Guarantor) Guarantor is incorporated, engaged in business, organized business for tax purposes or resident for tax purposes, purposes or any jurisdiction from or through which such Person makes any payment is made under or with respect to on the Notes (or any Note Guarantee) by and any department or on behalf of such Person and, in each case, any political subdivision or taxing authority or agency thereof or thereintherein having the power to tax.

Appears in 2 contracts

Sources: Indenture (Viking Holdings LTD), Indenture (Viking Holdings LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuers or a Successor Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes (whether or not in the form of Definitive Notes) or any Note of the Guarantors on their Guarantee (including in each case any Successor Person) shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes taxes, unless the withholding or deduction of such Taxes taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer Issuers or any Guarantor (including in either case any Successor Issuer or Successor Person, as applicable) is or was incorporated, engaged in businessorganized, organized carrying on a business through a branch, agency or permanent establishment or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from by or through which any payment is made by or on behalf of the Issuer Issuers or any Guarantor (includingincluding in either case any Successor Issuer or Successor Person, without limitation, as applicable) under or with respect to the jurisdiction of any Paying Agent) Notes or Guarantees or any political subdivision thereof or therein (each of (1) and (2)each, a “Tax Jurisdiction”) in respect of will at any time be required to be made from any payments made by or on behalf of the Issuers or Successor Issuers under or with respect to the Notes or any Note of the Guarantors or Successor Persons with respect to any Guarantee, including, without limitation, including payments of principal, redemption price, purchase price, interest or premium, the Issuer Issuers or the relevant GuarantorGuarantor (including in either case any Successor Issuer or Successor Person), as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained by each holder in respect of such payments by each beneficial owner of Notes after such withholding or deduction (including any such deduction or withholding from such Additional Amounts) will equal the respective amounts that would have been received and retained by each holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1) any Taxes, taxes to the extent such Taxes taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder, if the relevant holder Holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, present, or engaged in a trade or business in, being or having been physically present in or having had a permanent establishment in, the relevant Tax Jurisdiction in which such taxes are imposed or having or having had any other (actual or deemed) present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from by the acquisitionmere acquisition or holding of, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guaranteeunder, or the receipt of payments in respect of such Note of, the Notes, this Indenture or a Note any Guarantee; (2) any Taxestaxes to the extent such taxes are imposed or withheld as a result of the failure of the Holder or beneficial owner of the Notes to comply with any written request, made at least 30 days before any such withholding or deduction would be payable, by the Issuers or any of the Guarantors (including in either case any Successor Issuer or Successor Person, as applicable) to provide timely and accurate information concerning the nationality, residence or identity of such Holder or beneficial owner or to make any valid or timely declaration or similar claim or satisfy any certification, information or other reporting requirement, which is required or imposed by a statute, treaty, regulation or administrative practice of the relevant Tax Jurisdiction as a precondition to exemption from all or part of, or reduction in the rate of deduction or withholding of, such taxes (in each case, to the extent such Taxes were Holder or beneficial owner is legally entitled to do so); (3) any taxes imposed or withheld as a result of the presentation of a any Note for payment (where Notes are in the form of Definitive Notes and presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder Holder or beneficial owner would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (34) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction tax, assessment or withholding from payments under, or with respect to, excise taxes imposed on the Notes or any Note Guaranteetransfer of Notes; (5) any Taxes taxes withheld, deducted or imposed on a payment to the extent such Taxes would not have been imposed or withheld but for the failure an individual and which are required to be made pursuant to Luxembourg Relibi law of the holder or beneficial owner of the NotesDecember 23, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction2005, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationamended; (6) any Taxes imposed taxes payable otherwise than by deduction or withholding on or in connection with a respect of any Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying AgentGuarantee; (7) any Taxes taxes that were imposed on or with respect to any payment by the Issuer or on a Note to any of the Guarantors to the holder of the Notes if such holder Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes no Additional Amounts would not have been imposed on such payments payable had such holder the beneficial owner of the applicable Notes been the sole beneficial owner Holder of such Note; (8) any Taxes taxes that are imposed or withheld pursuant to current Section Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”), as of the issue date (or any amended or successor version that is substantively comparable and not materially more onerous to comply withof such sections), any regulations promulgated thereunder, any official interpretations thereof, any similar law or regulation adopted pursuant to an intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing with respect to the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)Code; or (9) any combination of clauses items (1) through (8) above. . (b) In addition to the foregoing, the Issuer Issuers and the Guarantors shall (including in either case any Successor Issuer or Successor Person, as applicable) will also pay each Holder and indemnify the holder beneficial owner for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) or taxes which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuanceissuance or registration of, or registration of by any Tax Jurisdiction on the enforcement of, any of the Notes, this Indenture, any Note Guarantee Guarantee, or any other document or instrument referred to thereintherein (other than a transfer of the Notes that is not part of the initial resale by the initial purchasers), or the receipt of any payments with respect thereto, or enforcement of, any of to the Notes or any Note Guarantee the Guarantees (limited, solely in the case of Taxes taxes attributable to the receipt of any payments, to any such Taxes taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (35), (7) or (5) through (9) 8) above or any combination thereofthereof and, in each case, excluding United Kingdom stamp duty, save to the extent that such stamp duty is paid in order to “▇▇▇▇▇” a charge to stamp duty reserve tax which has arisen or will otherwise arise). (bc) The Issuers and the Guarantors will however not pay and indemnify any Holder or beneficial owner for any Luxembourg registration duties (droits d’enregistrement) payable in the case of registration by any Holder or beneficial owner of the Notes, this Indenture, any Guarantee, or any other document or instrument referred to therein in Luxembourg when such registration is not required to enforce the rights of a Holder or a beneficial owner under such documents. (d) If the Issuer Issuers or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer Issuers or the relevant Guarantor, as the case may be, shall will deliver to the Trustee and the paying agent on a date that is at least 30 10 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and payable, the amount estimated to be so payable. The Officer’s Certificate must also set forth any payable and such other information reasonably necessary to enable the Paying Agents paying agent to pay Additional Amounts to Holders on the relevant payment date. The Issuer or Trustee and the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee paying agent shall be entitled to rely absolutely and solely on an such Officer’s Certificate as conclusive proof that such payments are necessary. (ce) The Issuer Issuers or the relevant Guarantor, if it is the applicable withholding agent, shall Guarantor will make all withholdings and deductions (within the time period) as required by law and shall will remit the full amount deducted or withheld to the tax authority in the relevant Tax authority Taxing Jurisdiction in accordance with applicable law. The Issuer Issuers or the relevant Guarantor shall will use its reasonable efforts to obtain Tax tax receipts from each Tax tax authority evidencing the payment of any Taxes taxes so deducted or withheldwithheld from each relevant Taxing Jurisdiction. The Issuer Issuers or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request)Trustee, within 60 days a reasonable time after the date the payment of any Taxes taxes so deducted or withheld is made, certified copies of Tax tax receipts evidencing payment by the Issuer Issuers or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments payment (reasonably satisfactory to the Trustee) by such entity. (df) Whenever in this Indenture or in the Notes “Description of Notes” in the Offering Memorandum there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeGuarantees, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (eg) This Section 4.06 shall The above obligations will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, Notes and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (Issuers or any Guarantor) Guarantor is incorporated, organized, engaged in businessbusiness through a branch, organized agency or permanent establishment or otherwise 127 resident for tax purposes, purposes or any jurisdiction from or through which payment is any payments made by or on behalf of the Issuers or any Guarantors (including in either case any Successor Issuer or Successor Person, as applicable) under or with respect to the Notes (or any Note Guarantee) by Guarantee is made and any department or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture, Indenture

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by each Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, such Note Guarantee or this Indenture or a Note GuaranteeIndenture, or the receipt of payments in respect of such Note or a Note Guarantee; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4iv) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5v) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder Holder at least 60 30 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6vi) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7vii) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes Holder if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) viii) any Taxes imposed by the United States, any state thereof or the District of Columbia, or any subdivision thereof or territory thereof, including any U.S. federal withholding taxes and any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9ix) any combination of clauses (1‎‎(i) through (8) ‎‎(viii) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction relevant Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any paymentspayments or that are imposed on or result from a sale or other transfer or disposition of a Note by a Holder or a beneficial owner, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1‎‎(i) through (3‎‎(iii) or (5‎‎(v) through (9‎‎(ix) above or any combination thereof), save in each case for any such taxes, charges or levies which arise or are increased as a result of any document effecting the registration, issue or delivery of any of the notes either being signed or executed in the United Kingdom or being brought into the United Kingdom. (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 ‎‎Section 4.12 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by each Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder Holder at least 60 30 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes Holder if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) any Taxes imposed by the United States, any state thereof or the District of Columbia, or any subdivision thereof or territory thereof, including any U.S. federal withholding taxes and any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction relevant Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any paymentspayments or that are imposed on or result from a sale or other transfer or disposition of a Note by a Holder or a beneficial owner, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof), save in each case for any such taxes, charges or levies which arise or are increased as a result of any document effecting the registration, issue or delivery of any of the notes either being signed or executed in the United Kingdom or being brought into the United Kingdom. (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder of this Note upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this the Indenture or the Notes this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The preceding obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Norwegian Cruise Line Holdings Ltd.), Indenture (Norwegian Cruise Line Holdings Ltd.)

Additional Amounts. (a) All payments made or deemed to be made by or on behalf of the Issuer or any of the Guarantors (including, in each caseIssuer, any successor entity) Note Guarantor as well as all payments made or deemed to be made by the Trustee pursuant to the provisions of Sections 8.01 and 8.06 under or with respect to the Notes or with respect to any Note Guarantee shall Guarantee, will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes taxes, levies, imposts, duties, assessments or other governmental charges of whatever nature, including related penalties, interest and other liabilities (“Taxes”) imposed or levied by or on behalf of (i) any jurisdiction in which the Issuer (including any Successor Issuer) is then incorporated, organized or resident for tax purposes or any political subdivision thereof or therein (a “Relevant Tax Jurisdiction”), (ii) any jurisdiction in which any Note Guarantor is then incorporated, organized or resident for tax purposes or any political subdivision thereof or therein (including any Successor Note Guarantor), or (iii) any jurisdiction from or through which payment is made by or on behalf of the Issuer or any Note Guarantor (including, without limitation, the jurisdiction of any Paying and Transfer Agent) or any political subdivision thereof or therein (each of (i), (ii) and (iii), a “Tax Jurisdiction”), unless the withholding or deduction of such Taxes is then required by law. law or the interpretation or administration thereof. (b) If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or Tax Jurisdiction will at any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction time be required to be made from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments made or deemed to be made under or with respect to the Notes or with respect to any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or Issuer, the relevant GuarantorNote Guarantor or other payor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder (including Additional Amounts) after such withholding withholding, deduction or deduction imposition of Taxes will equal the respective amounts that would have been received and retained in respect of such payments or deemed payments in the absence of such withholding or deductiondeduction of Taxes; provided, however, that no Additional Amounts shall will be payable with respect to: (1) any Taxes, to the extent such Taxes that would not have been imposed but for the holder Holder of a Note or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) Note being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present incorporated in or having maintaining a permanent establishment or physical presence in, the relevant Tax Jurisdiction in which such Taxes are imposed, or carrying on a business or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from as a result of the mere acquisition, ownership holding, enforcement or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments payment in respect of such Note or a any Note Guarantee; (2) any Taxes, to the extent such Taxes were that are imposed or withheld as a result of the presentation failure of the Holder or beneficial owner of a Note to comply with any timely reasonable written request, made to that Holder or beneficial owner, by the Issuer or any of the Note Guarantors to provide timely and accurate information concerning the nationality, residence or identity of such Holder or beneficial owner or an appropriate tax file number, Australian Business Number, or other number or exemption details or to make any valid and timely declaration or similar claim or satisfy any certification, information or other reporting requirement, which is required or imposed by a statute, treaty, regulation or administrative practice of the relevant Tax Jurisdiction as a precondition to any exemption from or reduction in all or part of such Taxes to which such Holder or beneficial owner is entitled; (3) any Note presented for payment (where Notes are in the form of definitive registered Notes and presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 30-day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction payment of principal or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with interest on a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect made to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment payment, to the extent that a beneficiary or settlor with respect to such Taxes fiduciary, a member of such a partnership or the beneficial owner of such payment would not have been imposed on such payments entitled to the Additional Amounts had such holder beneficiary, settlor, member or beneficial owner been the sole beneficial owner actual Holder of such Note; (5) any estate, inheritance, gift, sales, excise, transfer, personal property or similar Taxes (not being a tax on income, profits or gains); (6) any Taxes imposed or calculated by reference to net income or profits; (7) any Taxes imposed or withheld by reason of such Holder being an Offshore Associate of the Issuer or any of the Note Guarantors (other than as a result of the transactions contemplated by clause 8 of the Restructuring Support Agreement) or by reason of the Australian Commissioner of Taxation giving a direction to the Issuer or Note Guarantor under section 255 of the Income Tax Assessment Act of 1936 of Australia or section 260-5 of Schedule 1 of the Taxation ▇▇▇▇▇▇▇▇▇▇▇▇▇▇ ▇▇▇ ▇▇▇▇ of Australia; or (8) any Taxes that are combination of items (1) through (7) above. In addition, any amounts to be paid on the Notes will be paid net of any deduction or withholding imposed or required pursuant to current Section Sections 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply withCode, any current or future regulations promulgated thereunder, any or official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(11471(b) of the Code (Code, or any amended fiscal or successor version described above); orregulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code, and no additional amounts will be required to be paid on account of any such deduction or withholding. (9c) any combination of clauses (1) through (8) above. In addition to the foregoing, the The Issuer and the Note Guarantors shall will also pay and indemnify the holder Holder, the Trustee and the Paying and Transfer Agent for any present or future stampstamp duty, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) Taxes which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, registration or registration enforcement of any of the Notes, this Indenture, any Note Guarantee Guarantee, any Security Document or any other document or instrument referred to therein, including but limited to the attorneys’ fees and costs of defending any claim or bringing any claim to enforce the receipt indemnification or other obligations of the Issuer and the Note Guarantors, but excluding taxes, charges or similar levies imposed by any jurisdiction other than (i) Australia (including States and Territories of Australia), (ii) any jurisdiction in which a Note Guarantor is organized or is otherwise a resident for tax purposes, (iii) the jurisdiction in which any successor of the Issuer or a Note Guarantor is organized or resident for tax purposes, (iv) any jurisdiction in which such taxes are levied due to the Issuer’s, a Note Guarantor’s or a successor’s activities in or connection with such jurisdiction, or (v) any jurisdiction in which a Paying and Transfer Agent is located, and the Issuer will agree to indemnify the Holders, the Trustee and the Paying and Transfer Agent for any such taxes properly paid by the Holders. The Issuer and the Note Guarantors will indemnify and hold harmless each Holder for the amount of (i) any Taxes not withheld or deducted by the Issuer or any Note Guarantor and levied or imposed and paid by such Holder as a result of payments made under or with respect to the Notes, (ii) any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, or enforcement of, and (iii) any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, imposed with respect to any such Taxes imposed in a Tax Jurisdiction that are not excluded reimbursement under clauses (1i) or (ii) above. (d) The Issuer and the Note Guarantors will also pay and indemnify the Holder against, and must pay the Holder on demand an amount equal to, any liability or cost which the Holder determines in good faith will be or has been (directly or indirectly) suffered by the Holder for on account of Tax (excluding any Taxes described in Section 4.17(a)(1) through (38) hereof) that has arisen as a consequence of Taxes which should have been, but were not, withheld or (5) through (9) above or any combination thereof)deducted in accordance with this Section 4.17. (be) If the Issuer or any Note Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Note Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment datePayment Date, in which case the Issuer or the relevant Note Guarantor shall notify the Trustee promptly thereafter) an Officer’s Officers’ Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Officers’ Certificate must also set forth any other information reasonably necessary to enable the Paying Agents and Transfer Agent to pay Additional Amounts to Holders on the relevant payment datePayment Date. The Trustee shall be entitled to rely solely on such Officers’ Certificate as conclusive proof that such payments are necessary. The Issuer or the relevant Note Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Amounts and the Trustee shall be entitled will make such documentation available to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessaryHolders. (cf) The Issuer Issuer, or the Paying and Transfer Agent on its behalf, or the relevant Guarantor, if it is the applicable withholding agent, shall Note Guarantor will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Upon request, the Issuer or the relevant Note Guarantor shall use its reasonable efforts will provide to obtain Tax the Trustee an official receipt or, if official receipts from each Tax authority are not obtainable, other documentation satisfactory to the Trustee evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), withheld within 60 30 days after the date the payment of any Taxes so deducted is due. The Issuer or withheld is madethe relevant Note Guarantor (as the case may be) will attach to each certified copy or other document a certificate stating the amount of such Taxes paid per US$1,000 principal amount of the Notes then outstanding. Upon request, certified copies of Tax those receipts evidencing payment by the Issuer or a Guarantorother documentation, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory will be made available by the Trustee to the Trustee) by such entityHolders. (dg) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeGuarantee (as the case may be), such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (eh) This Section 4.06 shall The above obligations will survive any termination, defeasance or discharge of this Indenture, Indenture and any transfer by a holder Holder or beneficial owner of its Notes, Notes and will apply, apply mutatis mutandis, mutandis to any jurisdiction in which any successor Person person to the Issuer (or any Guarantor) Note Guarantor is incorporated, engaged in business, organized or resident for tax purposes, purposes or any jurisdiction from or through which such person makes any payment is made under or with respect to on the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, and any political subdivision thereof or therein.

Appears in 2 contracts

Sources: Indenture (Enduro SpA), Indenture (Emeco Parts Pty LTD)

Additional Amounts. (a) All payments made by any Guarantor (except IR Company) or a successor to such Guarantor (except IR Company) (each a “Payor”) on behalf the Senior Notes in respect of the Issuer or any of the Guarantors interest, premium (including, in each case, any successor entityif any) under or with respect to the Notes or any Note Guarantee and principal shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes taxes, duties, assessments or governmental charges of whatever nature (“Taxes”) unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of of: (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment on the Senior Notes or the applicable Guarantee is made by in respect of interest, premium or on behalf of the Issuer or any Guarantor (includingprincipal, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or governmental authority thereof or therein having the power to tax; or (2) any other jurisdiction in which a Payor is organized or otherwise considered to be a resident for tax purposes, or any political subdivision or governmental authority thereof or therein having the power to tax (each of clauses (1) and (2), a “Tax Relevant Taxing Jurisdiction”) in respect of ), shall at any time be required from any payments under or made with respect to the Senior Notes in respect of interest, premium or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, Payor shall pay (together with such payments) such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of the Senior Notes or the Guarantee, as the case may be, after such withholding or deduction will (including any such deduction or withholding from such Additional Amounts), equal the respective amounts that which would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no such Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes that would not have been so imposed but for the holder existence of any present or former connection between the beneficial owner of the Notes (or between a fiduciary, settlor, beneficiary, partner ofpartner, member member, shareholder or shareholder other holder of equity interests of, or possessor of a power over, over the relevant holderbeneficial owner, if the relevant holder beneficial owner is an estate, nominee, trust, nominee, partnership, limited liability company company, corporation or corporationother entity) and the Relevant Taxing Jurisdiction (including the beneficial owner being or having been a citizen or resident or national of, or incorporated, engaged in carrying on a trade business or business in, being or having been physically present in or having maintaining a permanent establishment in, or being physically present in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Relevant Taxing Jurisdiction, ) other than any connection arising solely from by the acquisition, mere ownership or disposition holding of Notes, the exercise such note or enforcement of rights thereunder or under such Note, this Indenture or a Note Guarantee, the Guarantee or the receipt of payments in respect of such Note or a Note Guaranteethereof; (2) any Taxes, Taxes that would not have been so imposed if the beneficial owner had made a declaration of non-residence or any other claim or filing for exemption to which it is entitled (provided that (x) such declaration of non-residence or other claim or filing for exemption is required by the applicable law of the Relevant Taxing Jurisdiction as a precondition to exemption from the requirement to deduct or withhold such Taxes and (y) at least 30 days prior to the extent first payment date with respect to which such Taxes were imposed as a result declaration of non-residence or other claim or filing for exemption is required under the applicable law of the presentation Relevant Taxing Jurisdiction, the relevant beneficial owner at that time has been notified by the Payor or any other person through whom payment may be made that a declaration of a Note non-residence or other claim or filing for exemption is required to be made); (3) any note presented for payment (where presentation is permitted or required) more than 30 days after the relevant payment is first made available for payment to the holder beneficial owner (except to the extent that the holder beneficial owner would have been entitled to Additional Amounts had the Note note been presented on the last day of during such 30 day period); (34) any Taxes that are payable otherwise than by withholding or deduction from a payment of the principal of, premium, if any, or interest, on the Senior Notes or under the Guarantee; (5) any estate, inheritance, gift, value, use, sale, excise, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments undertax, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information assessment or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationgovernmental charge; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes which could have been avoided by presenting the presentation (where presentation is required) of the relevant Note to, or otherwise accepting payment from, note to another Paying Agent; (7) any Taxes imposed on withholding or with respect deduction required pursuant to any payment by the Issuer or any an agreement described in Section 1471(b) of the Guarantors to the holder of the Notes if such holder is a fiduciary Code, or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are otherwise imposed pursuant to current Section Sections 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply withCode, any regulations promulgated or agreements thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law treaty, law, regulation or administrative practices other official guidance in any other jurisdiction implementing an intergovernmental approach thereto; (8) any withholding or procedures) implementing the foregoing or any agreements entered into deduction imposed pursuant to current Section 1471(b)(1) the Luxembourg law of the Code (23 December 2005 as amended, introducing a withholding tax on certain interest payments made or any amended or successor version described above)ascribed by Luxembourg paying agents to Luxembourg resident individuals; or (9) any Taxes imposed or levied by reason of any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors Such Additional Amounts shall also pay and indemnify not be payable where, had the holder for any present or future stampbeneficial owner of the note been the Holder of the note, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions it would not have been entitled to tax related thereto) which are levied payment of Additional Amounts by any jurisdiction on the execution, delivery, issuance, or registration reason of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through to (9) above inclusive above. The Payor shall (i) make any required withholding or deduction and (ii) remit the full amount deducted or withheld to the Relevant Taxing Jurisdiction in accordance with applicable law. The Payor shall use all reasonable efforts to obtain certified copies of tax receipts evidencing the payment of any combination thereofTaxes so deducted or withheld from each Relevant Taxing Jurisdiction imposing such Taxes and shall provide such certified copies to each Holder. The Payor shall attach to each certified copy a certificate stating (x) that the amount of withholding Taxes evidenced by the certified copy was paid in connection with payments in respect of the principal amount of Senior Notes then outstanding and (y) the amount of such withholding Taxes paid per $1,000 principal amount of the Senior Notes. Copies of such documentation shall be available for inspection during ordinary business hours at the office of the Trustee by the Holders of the Senior Notes upon request and shall be made available at the offices of the Paying Agent. At least 30 days prior to each date on which any payment under or with respect to the Senior Notes or the Guarantee is due and payable (unless such obligation to pay Additional Amounts arises shortly before or after the 30th day prior to such date, in which case it shall be promptly thereafter). (b) If , if the Issuer or any Guarantor, as the case may be, becomes aware that it will Payor shall be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guaranteesuch payment, the Issuer or the relevant Guarantor, as the case may be, Payor shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that such Additional Amounts will shall be payable, the amounts so payable and the amount estimated to be so payable. The Officer’s Certificate must also shall set forth any such other information reasonably necessary to enable the Paying Agents Trustee to pay such Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Each such Officer’s Certificate shall be relied upon until receipt of a further Officer’s Certificate addressing such matters. If the Payor conducts business in any jurisdiction (an “Additional Taxing Jurisdiction”) other than a Relevant Taxing Jurisdiction and, as conclusive proof that a result, is required by the law of such Additional Taxing Jurisdiction to deduct or withhold any amount on account of taxes imposed by such Additional Taxing Jurisdiction from payments are necessary. (c) The Issuer under the Senior Notes or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a GuarantorGuarantee, as the case may be, which would not have been required to be so deducted or ifwithheld but for such conduct of business in such Additional Taxing Jurisdiction, notwithstanding the Additional Amounts provision described above shall be considered to apply to such entity’s efforts Holders or beneficial owners as if references in such provision to obtain receipts“Taxes” included taxes imposed by way of deduction or withholding by any such Additional Taxing Jurisdiction (or any political subdivision thereof or governmental authority therein). Wherever in the Indenture, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture Senior Notes or the Notes Guarantee there is are mentioned, in any context, : (1) the payment of amounts based upon the principal amount or premium (if any), (2) purchase prices in connection with a purchase of the Notes or of principalSenior Notes, (3) interest, interest or of or (4) any other amount payable under, on or with respect to, any of to the Senior Notes or any Note the Guarantee, such mention reference shall be deemed to include mention of the payment of Additional Amounts as described under this section to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. . The Payor shall pay any present or future stamp, court or documentary taxes, or any other excise or property taxes, charges or similar levies which arise in any jurisdiction from the execution, delivery or registration of any Senior Notes or any other document or instrument referred to therein (eother than a transfer of the Senior Notes), or the receipt of any payments with respect to the Senior Notes or the Guarantee, excluding (i) This Section 4.06 any such taxes, charges’ or similar levies imposed by Luxembourg in case the Senior Notes or the Guarantee (and/or any documents in connection therewith) are (a) enclosed to a compulsorily registrable deed within a mandatory deadline (acte obligatoirement enregistrable dans un délai de rigueur) or (b) deposited with the official records of a notary (déposé au rang des minutes d’un notaire) and (ii) any such taxes, charges or similar levies imposed by any jurisdiction other than a Relevant Taxing Jurisdiction, other than those resulting from, or required to be paid in connection with, the enforcement of the Senior Notes, the Guarantee or any other such document or instrument following the occurrence of any Event of Default with respect to the Senior Notes. The foregoing obligations shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, the Indenture and will apply, shall apply mutatis mutandis, mutandis to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) a Payor is incorporated, engaged in business, organized or otherwise considered a resident for tax purposes, purposes or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision or governmental authority or agency thereof or therein.

Appears in 2 contracts

Sources: First Supplemental Indenture (Ingersoll-Rand PLC), Third Supplemental Indenture (Ingersoll-Rand PLC)

Additional Amounts. (a) All payments made by or on behalf the Company in respect of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall the Guarantors in respect of the Notes Guaranties will be made free and clear of and without withholding or deduction for, for or on account of, of any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuertaxes, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount forduties, assessments, or on account of, any Taxes other governmental charges of whatever nature imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer Cayman Islands or Brazil, or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or authority therein or (2) any jurisdiction from or through which any payment is made by or on behalf thereof in the case of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guaranteeunder the Notes Guaranties, includingunless the Company or the Guarantors are compelled by law to deduct or withhold such taxes, without limitationduties, payments of principalassessments, redemption price, purchase price, interest or premiumgovernmental charges. In such event, the Issuer Company or the relevant GuarantorGuarantors will make such deduction or withholding, as applicable, shall make payment of the amount so withheld to the appropriate governmental authority and pay such additional amounts (the “Additional Amounts”) as may be necessary in order to ensure that the net amounts received and retained in respect of such payments receivable by each beneficial owner Holders of Notes after such withholding or deduction will shall equal the respective amounts that of principal and interest which would have been received and retained receivable in respect of such payments the Notes in the absence of such withholding or deduction; provided, however, that no deduction (“Additional Amounts”). No such Additional Amounts shall be payable with respect topayable: (1i) any Taxesto, or to the extent a third party on behalf of, a Holder who is liable for such Taxes would not have been imposed but for the holder taxes, duties, assessments or the beneficial owner governmental charges in respect of such note by reason of the Notes existence of any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holdersuch Holder, if the relevant holder such Holder is an estate, a trust, nominee, a partnership, limited liability company or a corporation) and the Cayman Islands and/or Brazil, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member or shareholder) being or having been a citizen or resident thereof or national of, being or incorporated, having been engaged in a trade or business inor present therein or having, being or having been physically present in or having had, a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdictiontherein, other than any connection arising solely from the acquisition, ownership or disposition mere holding of Notes, the exercise Note or enforcement of rights under such Note, this Indenture or a Note Guarantee, or and the receipt of payments with respect to the Note; (ii) in respect of such Note or a Note Guarantee; Notes surrendered (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation if surrender is required) more than 30 days after the relevant payment is first made available for payment to the holder (Relevant Date except to the extent that payments under such Note would have been subject to withholdings and the holder Holder of such Note would have been entitled to such Additional Amounts had the Amounts, on surrender of such Note been presented for payment on the last day of such period of 30 day period)days; (3iii) where such Additional Amount is imposed on a payment to an individual and is required to be made pursuant to any law implementing or complying with, or introduced in order to conform to, any European Union Directive on the taxation of savings; (iv) to, or to a third party on behalf of, a Holder who is liable for such taxes, duties, assessments or other governmental charges by reason of such Holder's failure to comply with any certification, identification or other reporting requirement concerning the nationality, residence, identity or connection with the Cayman Islands or Brazil, or a successor jurisdiction or applicable political subdivision or authority thereof or therein having power to tax, of such Holder, if (1) compliance is required by such jurisdiction, or any political subdivision or authority thereof or therein having power to tax, as a precondition to, exemption from, or reduction in the rate of, the tax, assessment or other governmental charge and (2) the Company or any of the Guarantors has given the Holders at least 30 days’ notice that Holders will be required to provide such certification, identification or other requirement; (v) in respect of any estate, inheritance, gift, salesales, transfer, capital gains, excise or personal property or similar Taxestax, assessment or governmental charge; (4vi) in respect of any Taxes tax, assessment or other governmental charge which is payable other than by deduction or withholding from payments under, of principal of or with interest on the Note or by direct payment by the Company or the Guarantors in respect to, of claims made against the Notes Company or any Note Guarantee;the Guarantors; or (5vii) in respect of any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure combination of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would above. No Additional Amounts shall be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or paid with respect to any payment by the Issuer or any of the Guarantors on a Note to the holder of the Notes if such holder a Holder who is a fiduciary fiduciary, a partnership, a limited liability company or partnership or any person other than the sole beneficial owner of such that payment to the extent that such Taxes payment would be required by the laws of the Cayman Islands or Brazil or any political subdivision thereof to be included in the income, for tax purposes, of a beneficiary or settlor with respect to the fiduciary, a member of that partnership, an interestholder in a limited liability company or a beneficial owner who would not have been imposed on such payments entitled to the Additional Amounts had such holder that beneficiary, settlor, member or beneficial owner been the sole beneficial owner of such Note; (8) Holder. The Notes are subject in all cases to any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code tax, fiscal or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related other law or regulation or administrative practices or procedures) implementing judicial interpretation. Except as specifically provided above, neither the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and Company nor the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions be required to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in make a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts payment with respect to any payment under tax, assessment or governmental charge imposed by any government or a political subdivision or taxing authority thereof or therein. In the event that Additional Amounts actually paid with respect to the Notes are based on rates of deduction or withholding of withholding taxes in excess of the appropriate rate applicable to the Holder of such Notes, and, as a result thereof such Holder is entitled to make claim for a refund or credit of such excess from the authority imposing such withholding tax, then such Holder shall, by accepting such Notes, be deemed to have assigned and transferred all right, title, and interest to any Note Guarantee, such claim for a refund or credit of such excess to the Issuer Company or the relevant Guarantor, as applicable. Any reference in the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of to principal, interest or of any other amount payable under, or with in respect to, any of the Notes by the Company or any Note Guarantee, such mention shall Notes Guaranty by the Guarantors will be deemed also to include mention refer to any Additional Amount, unless the context requires otherwise, that may be payable with respect to that amount under the obligations referred to in this Paragraph 5. The foregoing obligations of the payment of Additional Amounts to Company and the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall Guarantors will survive any termination, defeasance termination or discharge of this the Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (Cosan Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors surviving entity (including, in each case, any successor entityas defined below) under or with respect to the Notes notes or any Note Guarantee shall by the Guarantor under or with respect to the guarantee will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes tax, duty, levy, impost, assessment or other governmental charge (including penalties, interest and any other liabilities related thereto, and, for the avoidance of doubt, including any withholding or deduction for or on account of any of the foregoing) (“Taxes”), unless the withholding or deduction of such Taxes is then required by law. If For these purposes, a “surviving entity” means any person that the IssuerCompany or the Guarantor consolidate with, merge with or into or enter into any similar transaction with, or convey, transfer or lease all or substantially all of the Company’s or the Guarantor’s property and assets to (including any successor thereto), if the resulting, surviving or transferee person is not organized and validly existing under the laws of the United States of America, any Guarantor state thereof or the District of Columbia. To the extent any other applicable deduction or withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which any surviving entity or the Issuer or any Guarantor is or was then incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made or deemed made by or on behalf of any surviving entity or the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agentpaying agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of ), will at any time be required to be made from any payments under or with respect to the Notes or any Note GuaranteeNotes, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer such surviving entity or the relevant Guarantor, as applicable, shall Guarantor will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will equal the respective amounts of cash that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, of or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment incorporated in, the relevant Tax Jurisdiction in which such Taxes are imposed or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from the acquisition, ownership acquisition or disposition holding of such Notes, the exercise or enforcement of rights under such Note, Note or this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note GuaranteeNote; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4iv) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note GuaranteeNotes; (5v) any Taxes to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder Holder or beneficial owner of the Notesnotes, following the IssuerCompany’s reasonable written request addressed to the holder Holder or beneficial owner at least 60 days before any such withholding or deduction would be imposedapplied to a payment to the Holder or beneficial owner, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible entitled to provide such certification or documentation; (6vi) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) withheld by or on behalf reason of a holder the failure of the Holder or beneficial owner of the Notes to comply with the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any requirements of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the Code as of the date hereof (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any regulations promulgated thereunder, the U.S. Treasury Regulations issued thereunder or any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (interpretation thereof or any related law or administrative practices or procedures) implementing the foregoing or any agreements agreement entered into pursuant to current Section 1471(b)(11471(b) of the Code (or any amended or successor version described above)Code; or (9vii) any combination of clauses (1i) through (8) vii) above. In addition to the foregoing, any surviving entity or the Issuer and the Guarantors shall Guarantor, as applicable, will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax any other liabilities related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to Notes. If any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) surviving entity or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may beapplicable, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note GuaranteeNotes, the Issuer or the relevant Guarantor, as the case may be, shall it will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor it shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents paying agents to pay Additional Amounts to Holders holders on the relevant payment date. The Issuer Any such surviving entity or the relevant Guarantor Guarantor, as applicable, will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer , and may conclusively presume that no payments are necessary unless and until it receives any such Officer’s Certificate. Any such surviving entity or the relevant Guarantor, if it is the applicable withholding agentas applicable, shall will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer Any such surviving entity or the relevant Guarantor shall Guarantor, as applicable, will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer Any such surviving entity or the relevant Guarantor shall Guarantor, as applicable, will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by such surviving entity or the Issuer or a Guarantor, as the case may be, or if, notwithstanding such surviving entity’s or the Guarantor’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) surviving entity or the Guarantor, as applicable. Whenever in this Indenture or Indenture, the Notes or in the Private Placement Circular there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeNotes, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This . The obligations in this Section 4.06 shall 2.11 will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any surviving person or any successor Person person to the Issuer (Company or any Guarantor) the Guarantor is incorporated, engaged in business, organized or resident for tax purposes, purposes or any jurisdiction from or through which such Person makes any payment is made under or with respect to on the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, and any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (Wright Medical Group N.V.)

Additional Amounts. (a) All payments made by or on behalf a Foreign Guarantor in respect of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note a Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any relevant Foreign Guarantor is then incorporated or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) purposes, any jurisdiction from or through which payment on behalf of such Foreign Guarantor is made or any payment is political subdivision or governmental authority thereof or therein having power to tax (each, a “Tax Jurisdiction”), will at any time be required to be made from any payments made by or on behalf of the Issuer or any relevant Foreign Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note its Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall Foreign Guarantor will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments (including, without limitation, payments of principal, redemption price, interest or premium) by each beneficial owner of Notes Holder (including Additional Amounts) after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1) any Taxes, to the extent such Taxes that would not have been so imposed but for the holder existence of any present or former connection between the beneficial owner of the Notes Holder (or between a fiduciary, settlorsettler, beneficiary, partner ofpartner, member or shareholder of, or possessor of a power over, over the relevant holderHolder, if the relevant holder Holder is an estate, nominee, trust, nominee, partnership, limited liability company partnership or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with and the relevant Tax Jurisdiction, other than by the mere acquisition or holding of any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the enforcement or receipt of payments payment under or in respect of such any Note or a Note Guarantee; (2) any TaxesTaxes imposed or withheld as a result of the failure of the Holder or beneficial owner of any Note or Guarantee to comply with any written request, made to that Holder within a reasonable period before any such withholding or deduction would be payable, by an Issuer or a Foreign Guarantor to provide timely or accurate information concerning the nationality, residence or identity of such Holder or beneficial owner or to make any valid or timely declaration or similar claim or satisfy any certification information or other reporting requirements (in each case, to the extent such Holder or beneficial owner is legally eligible to do so), which is required or imposed by a statute, treaty, regulation or administrative practice of the relevant Tax Jurisdiction as a precondition to exemption from, or reduction in the rate of deduction or withholding of such Taxes; (3) any Taxes were that are imposed or withheld as a result of the presentation of a any Note or Guarantee for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note note been presented on the last day of such 30 day period); (34) any estate, inheritance, gift, sale, excise, transfer, personal property or similar Taxestax or assessment; (45) any Taxes Tax which is payable other otherwise than by deduction or withholding from payments under, made under or with respect to, the Notes or to any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes Tax imposed on or with respect to any payment by the Issuer or any of the Guarantors a Foreign Guarantor to the holder of the Notes Holder if such holder Holder is a fiduciary fiduciary, partnership, limited liability company or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments payment had such holder Holder been the sole beneficial owner of such NoteNote or Guarantee; (7) any Taxes that are imposed or withheld as a result of the presentation of any Note or Guarantee for payment by or on behalf of a Holder of such Notes or Guarantee who would have been able to avoid such withholding or deduction by presenting the relevant Note or Guarantee to another paying agent; (8) any Taxes that are imposed or withheld pursuant to current Section Sections 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply withCode, any regulations promulgated thereunder, any official interpretations thereof, any similar law or regulation adopted pursuant to an intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing with respect to the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)Code; or (9) any combination of clauses items (1i) through (8) viii) above. In addition to the foregoing, the Issuer and the Guarantors shall also . (b) The relevant Foreign Guarantor will pay and indemnify the holder for when due any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, taxes or any other excise or property taxes, charges or similar levies (including penalties, interest and additions imposed by a Tax Jurisdiction with respect to tax related thereto) which are levied by any jurisdiction on the initial execution, delivery, issuance, delivery or registration of any of the Notes, this Indenture, any Note Guarantee Guarantees or any other document referred to therein, or instrument relating thereto (other than the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereofNotes). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Foreign Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request)Holders, within 60 days after the date the payment of any Taxes so deducted or withheld is madedue pursuant to applicable law, either certified copies of Tax tax receipts evidencing such payment by the Issuer or a such Foreign Guarantor, as the case may beor, or if, notwithstanding if such entity’s efforts to obtain receipts, receipts are not obtainedobtainable, other evidence of such payments (by such Foreign Guarantor reasonably satisfactory to the Trustee) by such entityHolders. (d) Whenever in Except as specifically provided under this Indenture Section 4.17, a Foreign Guarantor will not be required to make any payment for any tax, assessment or the Notes there is mentioned, other governmental charge imposed by any government or a political subdivision or taxing authority of or in any context, the payment of amounts based upon the principal amount of the Notes government or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereofpolitical subdivisions. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (Toys R Us Inc)

Additional Amounts. (a) All payments made The payment by or Mexico of principal of, premium, if any, and interest on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, for or on account of, of any present or future Taxes unless the withholding taxes, duties, assessments or deduction governmental charges of such Taxes is then required whatever nature imposed or levied by lawMexico, any political subdivision thereof or any taxing authority in Mexico. If the Issuer, any Guarantor or any other applicable withholding agent Mexico is required by law to withhold make any such withholding or deduct any amount fordeduction, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall it will pay such additional amounts (the “Additional Amounts”) as may be necessary in order to ensure that the net amounts received and retained in respect of such payments receivable by each beneficial owner of Notes the Holders after such withholding or deduction will shall equal the respective amounts of principal, premium, if any, and interest that would have been received and retained receivable in respect of such payments the Notes in the absence of such withholding or deduction; provided, however, except that no such Additional Amounts shall be payable with respect to: (1) to any Taxes, Note to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor on behalf of a power over, the relevant holder, if the relevant holder Holder who is an estate, trust, nominee, partnership, limited liability company liable for taxes or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments duties in respect of such Note (i) by reason of such Holder having some connection with Mexico other than the mere holding of such Note or a Note Guarantee; the receipt of principal of, premium, if any, or interest on any Note; (2ii) any Taxesin the case of Registered Notes, to the extent such Taxes were imposed as a result by reason of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any reasonable certification, identification, information documentation or other reporting requirementsor registration requirement concerning the nationality, whether residence, identity or connection with Mexico, or any political subdivision or taxing authority thereof or therein, of the Holder of a Note or any interest therein or rights in respect thereof, if compliance is required by statuteapplicable law, treatyregulation, regulation or administrative practice of a Tax Jurisdictionor any treaty in effect, as a precondition to exemption from, or reduction in the rate of of, deduction or withholding withholding; or (iii) by reason of the failure of such Holder to present such Holder’s Note for payment within 30 days after the principal of, Taxes imposed by the Tax Jurisdiction (includingpremium, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note toif any, or otherwise accepting payment from, another Paying Agent; (7) interest on any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder Note is a fiduciary or partnership or any person other than the sole beneficial owner of such first made available for payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) aboveHolder. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder 18 Include for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Discount Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principalof, interest or of any other amount payable underpremium, if any, or with respect to, interest on any of the Notes or any Note GuaranteeNote, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereofthereof and express mention of the payment of Additional Amounts (if applicable) in any provisions hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Fiscal Agency Agreement (United Mexican States)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by each Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder Holder at least 60 30 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder Holder of the Notes if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) any Taxes imposed by the United States, any state thereof or the District of Columbia, or any subdivision thereof or territory thereof, including any U.S. federal withholding taxes and any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction relevant Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this the Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any paymentspayments or that are imposed on or result from a sale or other transfer or disposition of a Note by a Holder or a beneficial owner, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof), save in each case for any such taxes, charges or levies which arise or are increased as a result of any document effecting the registration, issue or delivery of any of the notes either being signed or executed in the United Kingdom or being brought into the United Kingdom. (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder of this Note upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this the Indenture or the Notes this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The preceding obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (Norwegian Cruise Line Holdings Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Company or any of the Guarantors Guarantor (including, in each case, any successor entity) ), including amounts payable upon redemption, repurchase or conversion, under or with respect to the Notes or any Note the Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes taxes unless the withholding or deduction of such Taxes taxes is then required by law. If the IssuerCompany, any the Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer Company or any the Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer Company or any the Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments or delivery under or with respect to the Notes or any Note the Guarantee, including, without limitation, payments of principal, redemption priceTax Redemption Price, Optional Redemption Price, purchase price, interest or premium, the Issuer or the relevant amount due upon an exchange, the Company or the Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments or delivery by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by such Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1) A. any Taxestaxes, to the extent such Taxes taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or the beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having or having had a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note the Guarantee, or the receipt of payments in respect of such Note or a Note the Guarantee; (2) B. any Taxestaxes, to the extent such Taxes taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) C. any estate, inheritance, gift, sale, transfer, personal property or similar Taxestaxes; (4) D. any Taxes taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note the Guarantee; (5) E. any Taxes taxes to the extent such Taxes taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the IssuerCompany’s reasonable written request addressed to the holder Holder at least 60 30 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6) F. any Taxes taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agentpaying agent; (7) G. any Taxes taxes imposed on or with respect to any payment by the Issuer Company or any of the Guarantors Guarantor to the holder Holder of the Notes if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) H. any Taxes taxes imposed by the United States, any state thereof or the District of Columbia or any subdivision thereof or territory thereof, including any U.S. federal withholding taxes and any taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) I. any combination of clauses ‎A through ‎H above. (1b) through (8) above. In addition to the foregoing, the Issuer Company and the Guarantors shall Guarantor will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction relevant Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note the Guarantee or any other document referred to therein, or the receipt of any payments payments, with respect thereto, or enforcement of, any of the Notes or any Note the Guarantee (limited, solely in the case of Taxes taxes attributable to the receipt of any payments, or that are imposed on or result from a sale or other transfer or disposition of a Note by a Holder or a beneficial owner, to any such Taxes taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) ‎A through (3) ‎C or (5) ‎E through (9) ‎I above or any combination thereof). (bc) If the Issuer Company or any the Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note the Guarantee, the Issuer Company or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer Company or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer Company or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (cd) The Issuer Company or the relevant Guarantor, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer Company or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes taxes so deducted or withheld. The Issuer Company or the relevant Guarantor shall will furnish to the Trustee (or to a Holder of the Notes upon request), within 60 days after the date the payment of any Taxes taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer Company or a the Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trusteetrustee) by such entity. (de) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note the Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (ef) This Section 4.06 shall ‎Section 4.07 will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person person to the Issuer Company (or any the Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note the Guarantee) by or on behalf of such Person person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (Norwegian Cruise Line Holdings Ltd.)

Additional Amounts. (a) All payments made by Grupo Aval Limited or on behalf Grupo Aval in respect of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee the Guarantees shall be made free and clear of and without any withholding or deduction for, for or on account of, of any present or future Taxes Taxes, unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law or the official interpretation thereof, or by the administration thereof. If Grupo Aval Limited or Grupo Aval shall be required by any law of any Taxing Jurisdiction to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments sum payable under or with respect to the Notes or any Note Guaranteethe Guarantees, including, without limitation, payments of principal, redemption price, purchase price, interest Grupo Aval Limited or premium, the Issuer or the relevant GuarantorGrupo Aval, as applicablethe case may be, shall (1) pay such additional amounts (the “Additional Amounts”) Amounts as may be necessary in order that the net amounts received and retained in respect receivable by Holders of such payments by each beneficial owner of any Notes after such withholding or deduction will equal equals the respective amounts that which would have been received and retained in respect of receivable by such payments Holders in the absence of such withholding or deduction; provided, however(2) make such withholding or deduction, and (3) pay the full amount withheld or deducted to the relevant tax or other authority in accordance with applicable law, except that no such Additional Amounts shall be payable with in respect toof any Note: (1i) any Taxes, to the extent that such Taxes would not have been are imposed but for the holder or levied by reason of such Holder (or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporationowner) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former some connection with the relevant Tax Jurisdiction, Taxing Jurisdiction other than any connection arising solely from the acquisition, ownership mere holding (or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect beneficial ownership) of such Note or receiving principal or interest payments on the Note (including but not limited to citizenship, nationality, residence, domicile, or existence of a Note Guaranteebusiness, permanent establishment, a dependent agent, a place of business or a place of management present or deemed present in the Taxing Jurisdiction); (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable Tax is imposed other than by deduction or withholding from payments underof principal of or premium, if any, or with respect to, interest on the Notes or any Note GuaranteeNotes; (5iii) any Taxes to in the extent such Taxes would not have been imposed or withheld but for event that the failure of the holder Holder (or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, owner) fails to comply with any certification, identification, information identification or other reporting requirementsrequirement concerning nationality, whether residence, identity or connection with the Taxing Jurisdiction if (1) compliance is required by statuteapplicable law, treatyregulation, regulation or administrative practice of a Tax Jurisdiction, or treaty as a precondition to exemption fromfrom all or part of the Taxes, and (2) Grupo Aval Limited or reduction Grupo Aval, as the case may be, has given the Holders (or beneficial owners) at least 30 days prior notice that they shall be required to comply with such requirement; (iv) in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification event that the holder Holder fails to surrender (where surrender is required) the Note for payment within 30 days after Grupo Aval Limited or beneficial owner is not resident in Grupo Aval, as the Tax Jurisdiction)case may be, but in each casehas made available a payment of principal or interest, only provided that Grupo Aval Limited or Grupo Aval, as the case may be, shall pay Additional Amounts to which a Holder would have been entitled had the Note been surrendered on the last day of such 30-day period; (v) to the extent the holder that such Taxes are imposed by reason of an estate, inheritance, gift, personal property, value added, use or beneficial owner is legally eligible to provide such certification sales tax or documentationany similar taxes, assessments or other governmental charges; (6vi) where such withholding or deduction of Taxes is imposed on a payment to an individual and is required to be made pursuant to European Council Directive 2003/48/EC or any Taxes imposed other Directive on the taxation of savings implementing the conclusions of the European Council of Economic and Finance Ministers (ECOFIN) meeting of 26 and 27 November 2000 or any law implementing or complying with, or introduced in connection with a Note presented for payment order to conform to, such Directive; (where presentation is permitted or required for paymentvii) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could Holder who would have been avoided able to avoid such withholding or deduction of Taxes by presenting the relevant Note to, or otherwise accepting payment from, to another Paying Agent;Agent in a member state of the European Union; or (7viii) any Taxes imposed on or with respect combination of items (i) through (vii) above. No Additional Amounts shall be paid to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder a Holder that is a fiduciary or a partnership or any person other than not the sole beneficial owner of such payment to the extent that a beneficiary or settlor with respect to such Taxes fiduciary, a member of such partnership or such beneficial owner would not have been imposed on such payments entitled to receive the Additional Amounts had such holder beneficiary, settlor, member or beneficial owner been the sole beneficial owner Holder. Grupo Aval Limited or Grupo Aval, as the case may be, shall provide the Trustee with the official acknowledgment of the relevant Taxing Jurisdiction (or, if such acknowledgment is not available, other reasonable documentation) evidencing any payment of any Taxes in respect of which Grupo Aval Limited or Grupo Aval, as the case may be, has paid any Additional Amounts. Copies of such Note; (8) any Taxes that are imposed pursuant documentation shall be made available to current Section 1471 through 1474 the Holders of the Code Notes or any amended the Paying Agents, as applicable, upon request therefor. Grupo Aval Limited or successor version that is substantively comparable and not materially more onerous to comply withGrupo Aval, any regulations promulgated thereunderas the case may be, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, taxes or any other excise or property taxes, charges or similar levies (including any penalties, interest and additions to tax related other liabilities relating thereto) which are levied by arise in any jurisdiction on from the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt making of any payments with in respect thereto, or enforcement of, any of the Notes and the Guarantees, excluding any such taxes, charges or similar levies imposed by any Note Guarantee (limitedjurisdiction that is not a Taxing Jurisdiction other than those resulting from, solely or required to be paid in connection with, the case enforcement of Taxes attributable to the receipt Notes and the Guarantees following the occurrence of any paymentsDefault or Event of Default. All references in this Note to principal of and premium, to if any, and interest on the Notes shall include any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) Additional Amounts payable by Grupo Aval Limited or (5) through (9) above or any combination thereof). (b) If the Issuer or any GuarantorGrupo Aval, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with in respect to any payment under or with respect to the Notes or any Note Guaranteeof such principal, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantorpremium, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notesany, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or thereininterest.

Appears in 1 contract

Sources: Indenture (Grupo Aval Acciones Y Valores S.A.)

Additional Amounts. (a) All payments made by or on behalf of principal and interest in respect of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall will be made free and clear of of, and without deduction or withholding or deduction for, for or on account of, any present or future Taxes taxes, assessments or other governmental charges of whatsoever nature required to be deducted or withheld by the United States or any political subdivision or taxing authority of or in the United States (collectively, “Taxes”), unless the such withholding or deduction of such Taxes is then required by law. If In the Issuer, event any Guarantor withholding or any other applicable withholding agent is required by law to withhold or deduct any amount for, deduction on payments in respect of the Notes for or on account of, of any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporatedrequired, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall we will pay such additional amounts (on the “Additional Amounts”) Notes as may be necessary will result in order that the net amounts received and retained in respect of such payments receipt by each beneficial owner of Notes a Note that is not a U.S. Person (as defined below) of such amounts (after all such withholding or deduction, including on any additional amounts) as would have been received by such beneficial owner had no such withholding or deduction been required. The Company will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; providednot be required, however, that no Additional Amounts shall be payable with respect toto make any payment of additional amounts for or on account of: (1a) any Taxes, to the extent such Taxes that would not have been imposed but for (1) the holder existence of any present or former connection (other than a connection arising solely from the ownership of those Notes or the receipt of payments in respect of those Notes) between a Holder of a Note (or the beneficial owner of the Notes (for whose benefit such Holder holds such Note), or between a fiduciary, settlor, beneficiary, partner beneficiary of, member or shareholder of, or possessor of a power over, the relevant holder, that Holder or beneficial owner (if the relevant holder that Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company company, partnership or corporation) and the United States, including that Holder or beneficial owner, or that fiduciary, settlor, beneficiary, member, shareholder or possessor, being or having been a citizen or resident or national of, treated as a resident of the United States or incorporated, engaged in a trade or business in, being or having been physically engaged in trade or business or present in the United States or having had a permanent establishment in, in the relevant Tax Jurisdiction United States or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note note for payment (where presentation is required) on a date more than 30 days after the relevant later of the date on which that payment becomes due and payable and the date on which payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period)duly provided for; (3b) any estate, inheritance, gift, salesales, transfer, capital gains, excise, personal property property, wealth or similar Taxestax, assessment or other governmental charge; (4c) any Taxes payable tax, assessment or other than governmental charge imposed by deduction reason of the beneficial owner’s past or withholding from payments underpresent status as a passive foreign investment company, a controlled foreign corporation, a foreign tax exempt organization or a personal holding company with respect to, to the Notes United States or any Note Guaranteeas a corporation that accumulates earnings to avoid U.S. federal income tax; (5d) any Taxes tax, assessment or other governmental charge which is payable otherwise than by withholding or deducting from payment of principal of or premium, if any, or interest on such Notes; (e) any tax, assessment or other governmental charge required to the extent such Taxes be withheld by any paying agent from any payment of principal of and premium, if any, or interest on any note if that payment can be made without withholding by any other paying agent; (f) any tax, assessment or other governmental charge which would not have been imposed or withheld but for the failure of the holder or a beneficial owner or any Holder of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, Notes to comply with any a request to satisfy certification, identificationinformation, information documentation or other reporting requirementsrequirements concerning the nationality, whether required by statuteresidence, treatyidentity or connections with the United States of the beneficial owner or any Holder of the Notes that such beneficial owner or Holder is legally able to deliver (including, regulation or administrative practice of a Tax Jurisdictionbut not limited to, as a precondition the requirement to exemption fromprovide Internal Revenue Service Forms W-8BEN, W-8BEN-E, W-8ECI, or reduction in the rate of deduction any subsequent versions thereof or withholding ofsuccessor thereto, Taxes imposed by the Tax Jurisdiction (and including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdictionany documentation requirement under an applicable income tax treaty), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6g) any Taxes tax, assessment or other governmental charge imposed on interest received by (1) a 10-percent shareholder (as defined in connection with a Note presented for payment (where presentation is permitted or required for paymentSection 871(h)(3)(B) by or on behalf of a holder or beneficial owner of the Notes Code), and the regulations that may be promulgated thereunder) of us, (2) a controlled foreign corporation that is related to us within the meaning of Section 864(d)(4) of the Code, or (3) a bank receiving interest described in Section 881(c)(3)(A) of the Code, to the extent such Taxes could have been avoided by presenting the relevant Note totax, assessment or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes governmental charge would not have been imposed on such payments had such holder been but for the sole beneficial owner owner’s status as described in clauses (1) through (3) of such Notethis paragraph (g); (8) h) any Taxes that are imposed pursuant tax, assessment or other governmental charge required to current Section be withheld or deducted under Sections 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described aboveof such Sections that is substantively comparable) (“FATCA”), any regulations or other guidance thereunder, or any agreement (including any intergovernmental agreement) entered into in connection therewith; or any law, regulation or other official guidance enacted in any jurisdiction implementing FATCA or an intergovernmental agreement in respect of FATCA; or (9i) any combination of clauses items (1a), (b), (c), (d), (e), (f), (g) through and (8) above. In addition h); nor will the Company pay any additional amounts to any beneficial owner or Holder of Notes who is a fiduciary or partnership (or other entity treated as a partnership for U.S. federal income tax purposes) to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present extent that a beneficiary or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts settlor with respect to any payment under that fiduciary or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date member of that payment partnership (unless the obligation or other entity treated as a partnership for U.S. federal income tax purposes) or a beneficial owner thereof would not have been entitled to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof those additional amounts had that such payments are necessary. (c) The Issuer or the relevant Guarantorbeneficiary, if it is the applicable withholding agentsettlor, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder member or beneficial owner been the beneficial owner of its those Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Supplemental Indenture (KKR & Co. Inc.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is Borrowers are required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) hereunder in respect of any payments under U.S. Tax, the Borrowers shall withhold or with respect deduct the appropriate amount, remit such amount to the Notes or any Note Guarantee, including, without limitation, payments appropriate Governmental Authority and pay to the Lenders named herein and/or to each Person to whom there has been an Assignment of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay Loan and who is not a U.S. Person such additional amounts (the “Additional Amounts”) as may be are necessary in order that the net amounts received and retained payment of any amount due to such non U.S. Person hereunder after deduction for or withholding in respect of any U.S. Tax imposed with respect to such payments by each beneficial owner of Notes after such withholding payment (or deduction will equal the respective amounts that would have been received and retained in respect lieu thereof, payment of such payments in U.S. Tax by such non U.S. Person), will not be less than the absence of amount stated herein to be then due and payable, provided that the foregoing obligation to pay such withholding or deduction; provided, however, that no Additional Amounts additional amounts shall be payable with respect tonot apply: (1i) to any Taxes, payment to Agent unless Agent simultaneously with the execution and delivery hereof furnishes to the extent Borrowers a form prescribed by the United States Internal Revenue Service (currently, Form W-8ECI or Form W-8BEN) wherein Agent claims entitlement to exemption from U.S. federal withholding tax on all interest payments hereunder; (ii) to any payment to any other Person unless such Taxes would Person (or if such Person is not have been imposed but for the holder or the beneficial owner of the Notes (or relevant Loan, such beneficial owner) has contemporaneously with its becoming a fiduciaryparty to an Assignment, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection complied with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights its obligations under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note GuaranteeSection 12.23(b); (2iii) to any TaxesU.S. Taxes imposed solely by reason of the failure by such Person (or, if such Person is not the beneficial owner of the relevant Loan, such beneficial owner) to comply with applicable certification, information, documentation or other reporting requirements concerning the nationality, residence, identity or connections with the United States of America of such Person (or beneficial owner, as the case may be) if such compliance is required by statute or regulation of the United States of America as a precondition to relief or exemption from such U.S. Taxes unless such Person is legally unable to do so; (iv) with respect to any Person who is a fiduciary or partnership or other than the sole beneficial owner of such payment, to any U.S. Tax imposed with respect to payments made under any Notes to a fiduciary or partnership to the extent that the beneficial owner or member of the partnership would not have been entitled to the additional amounts if such Taxes were beneficial owner or member of the partnership had been the holder of the Notes; or (v) to any U.S. Tax imposed as a result of the presentation of any act or omission by a Note for payment (where presentation Person that is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes that would cause the Person to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous be unable to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current with Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof12.23(b). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Revolving Credit Agreement (Shelbourne Properties Ii Inc)

Additional Amounts. (a) All payments made by or on behalf the Company in respect of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any the Guarantors in respect of the Note Guarantee shall Guarantees will be made free and clear of of, and without withholding or deduction for, or on account of, of any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuertaxes, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount forduties, assessments, or on account of, any Taxes other governmental charges of whatever nature imposed or levied by or on behalf of (1) the Cayman Islands or Brazil, or any authority therein or thereof or any other jurisdiction (other than the United States) in which the Issuer Company or any Guarantor is or was incorporatedthe Guarantors are organized, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from doing business or through which any payment is payments are made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of the notes or guarantees (any payments under of the aforementioned being a “Taxing Jurisdiction”), unless the Company or with respect the Guarantors are compelled by law to the Notes deduct or any Note Guaranteewithhold such taxes, includingduties, without limitationassessments, payments of principal, redemption price, purchase price, interest or premiumgovernmental charges. In such event, the Issuer Company or the relevant GuarantorGuarantors, as applicable, shall will make such deduction or withholding, make payment of the amount so withheld to the appropriate governmental authority and pay such additional amounts (the “Additional Amounts”) as may be necessary in order to ensure that the net amounts received and retained in respect of such payments receivable by each beneficial owner Holders of Notes after such withholding or deduction will shall equal the respective amounts that of principal and interest which would have been received and retained receivable in respect of such payments the Notes in the absence of such withholding or deduction; provideddeduction (“Additional Amounts ”). Notwithstanding the foregoing, however, that no such Additional Amounts shall be payable with respect topayable: (1i) any Taxesto, or to the extent a third party on behalf of, a Holder who is liable for such Taxes would not have been imposed but for the holder taxes, duties, assessments or the beneficial owner governmental charges in respect of such Note by reason of the Notes existence of any present or former connection between such Holder (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holdersuch Holder, if the relevant holder such Holder is an estate, a trust, nominee, a partnership, limited liability company or a corporation) and the relevant Taxing Jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member or shareholder) being or having been a citizen or resident thereof or national of, being or incorporated, having been engaged in a trade or business inor present therein or having, being or having been physically present in or having had, a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdictiontherein, other than any connection arising solely from the acquisition, ownership or disposition mere holding of Notes, the exercise Note or enforcement of rights under such Note, this the Indenture or a Note Guarantee, or and the receipt of payments with respect to the Note; (ii) in respect of such Note Notes surrendered or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note presented for payment (where presentation if surrender or presentment is required) more than 30 days after the relevant payment is first made available for payment to the holder (Relevant Date except to the extent that payments under such Note would have been subject to withholdings and the holder Holder of such Note would have been entitled to such Additional Amounts had the Amounts, on surrender of such Note been presented for payment on the last day of such period of 30 day period)days; (3iii) in respect of any withholding or deduction imposed on a payment that is to be made pursuant to Council Directive 2003/48/EC or any other Directive on the taxation of savings income implementing the conclusion of the ECOFIN Council meeting of November 26-27, 2000 or any subsequent meeting of the ECOFIN Council, or any law implementing or complying with, or introduced in order to conform to, such Directives; (iv) to, or to a third party on behalf of, a Holder who is liable for such taxes, duties, assessments or other governmental charges by reason of such Holder's failure to comply with any certification, identification, documentation or other reporting requirement concerning the nationality, residence, identity or connection with the relevant Taxing Jurisdiction of such Holder or beneficial owner, if (1) compliance is required by law as a precondition to, exemption from, or reduction in the rate of, the tax, assessment or other governmental charge and (2) the Company has given the Holders at least 30 days’ notice that Holders will be required to provide such certification, identification, documentation or other requirement; (v) in respect of any estate, inheritance, gift, salesales, transfer, capital gains, excise or personal property or similar Taxestax, assessment or governmental charge; (4vi) in respect of any Taxes tax, assessment or other governmental charge which is payable other than by deduction or withholding from payments under, of principal of or with respect to, interest on the Notes or any Note GuaranteeNote; (5vii) in respect of any Taxes to the extent such Taxes would not have been tax imposed on overall net income or withheld but for the failure any branch profits tax; or (viii) in respect of any combination of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would above. No Additional Amounts shall be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or paid with respect to any payment by the Issuer or any of the Guarantors on a Note to the holder of the Notes if such holder a Holder who is a fiduciary fiduciary, a partnership, a limited liability company or partnership or any person other than the sole beneficial owner of such that payment to the extent that such Taxes payment would be required by the relevant Taxing Jurisdiction to be included in the income, for tax purposes, of a beneficiary or settlor with respect to the fiduciary, a member of that partnership, any interestholder in a limited liability company or a beneficial owner who would not have been imposed on such payments entitled to the Additional Amounts had such holder that beneficiary, settlor, member or beneficial owner been the sole beneficial owner of such Note; (8) Holder. The Notes are subject in all cases to any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code tax, fiscal or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related other law or regulation or administrative practices or procedures) implementing judicial interpretation. Except as specifically provided above, neither the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and Company nor the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions be required to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in make a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts payment with respect to any payment under tax, assessment or governmental charge imposed by any government or a political subdivision or taxing authority thereof or therein. In the event that Additional Amounts actually paid with respect to the Notes are based on rates of deduction or any Note Guaranteewithholding of withholding taxes in excess of the appropriate rate applicable to the Holder of such Notes, the Issuer or the relevant Guarantorand, as a result thereof such Holder is entitled to make claim for a refund or credit of such excess from the case may beauthority imposing such withholding tax, shall deliver then such Holder shall, by accepting such Notes, be deemed to have assigned and transferred all right, title, and interest to any such claim for a refund or credit of such excess to the Trustee on a date that is at least 30 days prior to Company. Any reference in the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of to principal, interest or of any other amount payable under, or with in respect to, any of the Notes by the Company or any the Note Guarantee, such mention shall Guaranty by the Guarantors will be deemed also to include mention of refer to any Additional Amount, unless the payment of Additional Amounts to the extent thatcontext requires otherwise, in such context, Additional Amounts are, were or would that may be payable with respect to that amount under the obligations referred to in respect thereof. (e) This Section 4.06 shall this Paragraph 6. The foregoing obligation will survive any termination, defeasance termination or discharge of this the Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (Latam Airlines Group S.A.)

Additional Amounts. (a) This Section 3 shall apply only in the event that the Company becomes, or a successor to the Company is, a corporation organized or existing under the laws of the United Kingdom, the Netherlands, the Netherlands Antilles, Bermuda or the Cayman Islands. All payments made by or the Company on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any this Senior Note Guarantee shall be made free and clear of and without withholding or deduction for, for or on account of, any and all present or future Taxes taxes, duties, assessments, or governmental charges of whatever nature unless the deduction or withholding or deduction of such Taxes taxes, duties, assessments or governmental charges is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, for or on account ofof any present or future taxes, any Taxes imposed assessments or levied by or on behalf other governmental charges of (1) any jurisdiction (other than the United States) in which Kingdom, the Issuer Netherlands, the Netherlands Antilles, Bermuda or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes the Cayman Islands (or any political subdivision or taxing authority thereof or therein or (2therein) shall at any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) time be required in respect of any payments amounts to be paid by the Company under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumthis Senior Note, the Issuer or the relevant Guarantor, as applicable, Company shall pay or cause to be paid such additional amounts (the “"Additional Amounts") as may be necessary in order that the net amounts received and retained in respect by a Holder of such payments by each beneficial owner of Notes this Senior Note after such deduction or withholding or deduction will equal shall be not less than the respective amounts that would have been received and retained specified in respect this Senior Note to which the Holder of such payments in the absence of such withholding or deductionthis Senior Note is entitled; provided, however, that no the Company shall not be required to make any payment of Additional Amounts shall be payable with respect tofor or on account of: (1a) any Taxestax, assessment or other governmental charge to the extent such Taxes tax, assessment or other governmental charge would not have been imposed but for (i) the holder existence of any present or the beneficial owner of the Notes former connection between such Holder (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holdersuch Holder, if the relevant holder such Holder is an estate, nominee, trust, nominee, partnership, limited liability company partnership or corporation), other than the holding of this Senior Note or the receipt of amounts payable in respect of this Senior Note, and the United Kingdom, the Netherlands, the Netherlands Antilles, Bermuda or the Cayman Islands (or any political subdivision or taxing authority thereof or therein) including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or national of, or incorporated, engaged in a trade or business in, being or having been physically present or engaged in trade or having a permanent establishment in, the relevant Tax Jurisdiction business therein or having or having had any other present a permanent establishment therein or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a this Senior Note for payment (where presentation is required) for payment on a date more than 30 days after the relevant date on which such payment became due and payable or the date on which payment thereof is first made available for payment to the holder (duly provided for, whichever occurs later, except to the extent that the holder Holder would have been entitled to Additional Amounts had the this Senior Note been presented on the last day of such period of 30 day period)days; (3b) any tax, assessment or other governmental charge that is imposed or withheld by reason of the failure to comply by the Holder of this Senior Note or, if different, the beneficial owner of the interest payable on this Senior Note, with a timely request of the Company addressed to such Holder or beneficial owner to provide information, documents or other evidence concerning the nationality, residence, identity or connection with the taxing jurisdiction of such Holder or beneficial owner which is required or imposed by a statute, regulation or administrative practice of the taxing jurisdiction as a precondition to exemption from all or part of such tax, assessment or governmental charge; (c) any estate, inheritance, gift, salesales, transfer, personal property or similar Taxestax, assessment or other governmental charge; (4d) any Taxes payable tax, assessment or other governmental charge which is collectible otherwise than by deduction withholding from payments of principal amount, redemption amount, Change of Control Payment or interest with respect to a Senior Note or withholding from payments under, the proceeds of a sale or with respect to, the Notes or any Note Guaranteeexchange of a Senior Note; (5e) any Taxes tax, assessment or other governmental charge required to be withheld by any Paying Agent from any payment of principal amount, redemption amount, Change of Control Payment or interest with respect to a Senior Note, if such payment can be made, and is in fact made, without such withholding by any other Paying Agent located inside the United States; (f) any tax, assessment or other governmental charge imposed on a Holder that is not the beneficial owner of a Senior Note to the extent such Taxes that the beneficial owner would not have been imposed or withheld but for entitled to the failure payment of any such Additional Amounts had the holder or beneficial owner of directly held the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationSenior Note; (6g) any Taxes imposed in connection with a Note presented for payment combination of items (where presentation is permitted or required for paymenta), (b), (c), (d), (e) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; and (7f) any Taxes imposed on or above; nor shall Additional Amounts be paid with respect to any payment by of the Issuer principal of, or any of the Guarantors interest on, this Senior Note to the holder of the Notes if such holder any Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes a beneficiary or settlor would not have been imposed on such payments entitled to any Additional Amounts had such holder beneficiary or settlor been the sole beneficial owner Holder of such this Senior Note; (8) any Taxes that are imposed pursuant . All references to current Section 1471 through 1474 of the Code principal amount or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Senior Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Senior Notes there is mentioned, in shall include any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts payable to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereofCompany pursuant to this Section 3. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (NTL Inc /De/)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.payment

Appears in 1 contract

Sources: Indenture (Carnival PLC)

Additional Amounts. (a) All payments made by or on behalf As it applies to the Notes, Section 10.19 of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee Original Indenture shall be made free amended by: (i) deleting the word “Brazil” throughout such Section 10.19 and clear replacing it with the expression “Taxing Jurisdiction” (as defined in Section 1.02 of and without this Fifth Supplemental Indenture); (ii) adding the phrase, ", levies" after the phrase, "deduction or withholding or deduction for, or on account of, for any present or future Taxes unless taxes" in the withholding or deduction first sentence of such Taxes is then required by law. If Section 10.19; (iii) deleting the Issuerphrase, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for"who, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to any such tax, assessment or other governmental charge, is not resident in Brazil" in the Notes first sentence of such Section 10.19; (iv) deleting the proviso to the first sentence of such Section 10.19 that includes clauses (1)-(7) thereof and ends with the phrase, "who would not have been entitled to such Additional Amounts had it been the Holder or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantorbeneficial owner, as applicablethe case may be, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after Security" and replacing such withholding or deduction will equal proviso with the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deductionfollowing: "; provided, however, that no the Company shall not be required to make any payment of Additional Amounts shall be payable with respect tothat is imposed due to any of the following: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of Trustee has a connection with the Taxing Jurisdiction other than merely holding the Notes or receiving principal or interest payments on the Notes (such as citizenship, nationality, residence, domicile, or existence of a business, a permanent establishment, a dependent agent, a place of business or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor place of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other management present or former connection with deemed present within the relevant Tax Taxing Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee); (2) any Taxestax imposed on, or measured by, net income; (3) such Holder or the Trustee fails to comply with any certification, identification or other reporting requirements concerning its nationality, residence, identity or connection with the Taxing Jurisdiction, if (x) such compliance is required by applicable law, regulation, administrative practice or treaty as a precondition to exemption from all or a part of the tax, levy, deduction or other governmental charge, (y) such Holder or the Trustee is able to comply with such requirements without undue hardship and (z) at least 30 calendar days prior to the extent first payment date with respect to which such Taxes were imposed as a result of requirements under the presentation of a Note for payment applicable law, regulation, administrative practice or treaty will apply, the Company has notified all Holders that they will be required to comply with such requirements; (4) such Holder or the Trustee fails to present (where presentation is required) more than its Note within 30 calendar days after the relevant payment is first Company has made available for to such Holder or the Trustee a payment to under the holder (except to the extent Notes and this Indenture, provided that the holder Company will pay Additional Amounts which a Holder or the Trustee would have been entitled to Additional Amounts had the Note owned by such Holder or the Trustee been presented on any day (including the last day of day) within such 30 calendar day period); (35) any estate, inheritance, gift, salevalue added, transfer, personal property use or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes sales taxes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notessimilar taxes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information assessments or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation;governmental charges; or (6) any Taxes such taxes, levies, deductions or other governmental charges are imposed in connection with on a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to an individual and are required to be made pursuant to any European Union Council Directive implementing the extent such Taxes could have been avoided by presenting conclusions of the relevant Note ECOFIN Council meeting of November 26-27, 2000 on the taxation of savings income, or any law implementing or complying with, or introduced in order to conform to, or otherwise accepting payment from, another Paying Agentsuch directive; (7) any Taxes imposed where such Holder or the Trustee could have avoided such taxes, levies, deductions or other governmental charges by requesting that a payment on the Notes be made by, or with respect to any presenting the relevant notes for payment by the Issuer or any to, another paying agent of the Guarantors to the holder Company located in a member state of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above)European Union; or (98) where the Holder or the Trustee would have been able to avoid the tax, levy, deduction or other governmental charge by taking reasonable measures available to such Holder or the Trustee ." (v) any combination adding the following new paragraph at the end of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors Section 10.19: “The Company shall also promptly pay and indemnify the holder for when due any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, taxes or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which that are levied imposed by a Taxing Jurisdiction that arise from any jurisdiction on payment under the Notes or under any other document or instrument referred herein or therein or from the execution, delivery, issuance, enforcement or registration of any of the Notes, this Indenture, any each Note Guarantee or any other document or instrument referred to herein or therein, or . The Company shall indemnify and make whole the receipt of any payments with respect thereto, or enforcement of, any Holders of the Notes for any present or future stamp, court or documentary taxes or any Note Guarantee (limitedother excise or property taxes, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) charges or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be similar levies payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) provided in this paragraph paid by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount Holder of the Notes Notes. The Company shall, if European Council Directive 2003/48/EC or of principal, interest or of any other amount payable under, or with respect to, any Directive implementing the conclusions of the Notes or any Note GuaranteeECOFIN council meeting of November 26-27, such mention shall be deemed to include mention 2000 is brought into force, ensure that it maintains a paying agent hereunder in a member state of the payment of Additional Amounts European Union that will not be obliged to the extent that, in withhold or deduct tax pursuant to such context, Additional Amounts are, were or would be payable in respect thereofDirective. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Supplemental Indenture (Brazilian Petroleum Corp)

Additional Amounts. (a) All payments made by or on behalf Unless otherwise specified in any Board Resolution of the Issuer Company or the Guarantor establishing the terms of Securities of a series or the Guarantees relating thereto in accordance with Section 301, if any of the Guarantors (including, in each case, any successor entity) under deduction or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, for any present or future Taxes unless taxes, assessments or other governmental charges of the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor jurisdiction (or any other applicable withholding agent is required by law to withhold political subdivision or deduct any amount for, taxing authority thereof or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United Statestherein) in which the Issuer Company or the Guarantor is incorporated, shall at any time be required by such jurisdiction (or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any such political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”taxing authority) in respect of any payments amounts to be paid by the Company of principal of or interest on a Security of any series, or by the Guarantor under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumGuarantees, the Issuer Company or the relevant Guarantor, as applicablethe case may be, shall will pay to the Holder of a Security of such series such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect paid to such Holder of such payments by each beneficial owner of Notes Security who, with respect to any such tax, assessment or other governmental charge, is not resident in such jurisdiction, after such withholding deduction or deduction will equal withholding, shall be not less than the respective amounts that would have been received and retained specified in respect of such payments in the absence of Security to which such withholding or deductionHolder is entitled; provided, however, that no Additional Amounts the Company or the Guarantor, as 66 the case may be, shall not be payable with respect torequired to make any payment of additional amounts (1) for or on account of any such tax, assessment or governmental charge imposed by the United States or any political subdivision or taxing authority thereof or therein or (2) for or on account of: (1a) any Taxestax, to the extent such Taxes assessment or other governmental charge which would not have been imposed but for (i) the holder existence of any present or the beneficial owner of the Notes former connection between such Holder (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holdersuch Holder, if the relevant holder such Holder is an estate, trust, nominee, partnership, limited liability company partnership or corporation) and the taxing jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or national of, or incorporated, engaged in a trade or business in, being or having been physically present or engaged in trade or having a permanent establishment in, the relevant Tax Jurisdiction business therein or having or having had any other present or former a permanent establishment therein, provided that for the purpose of this Clause (2)(a)(i) of this Section, a Holder shall not be regarded as having a connection with Australia for the relevant reason that such Holder is a resident of Australia within the meaning of the Income Tax JurisdictionAssessment ▇▇▇ ▇▇▇▇ of Australia ("ITAA") where, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, and to the extent that, such Taxes were imposed as a result taxes are payable by reason of section 128B(2A) of the ITAA, or (ii) the presentation of a Note for payment Security of such series (where presentation is required) for payment on a date more than 30 days after the relevant date on which such payment became due and payable or the date on which payment thereof is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period)duly provided for, whichever occurs later; (3b) any estate, inheritance, gift, sale, transfer, personal property or similar Taxestax, assessment or other governmental charge; (4c) any Taxes tax, assessment or other governmental charge which is payable other otherwise than by deduction or withholding from payments underof (or in respect of) principal of, or with respect toany interest on, the Notes or any Note GuaranteeSecurities of such series; (5d) any Taxes to the extent such Taxes would not have been tax, assessment or other governmental charge that is imposed or withheld but for by reason of the failure of by the holder Holder or the beneficial owner of the NotesSecurity of such series (i) to provide information concerning the nationality, following residence or identity of the Issuer’s reasonable written request addressed Holder or such beneficial owner or (ii) to the holder at least 60 days before make any such withholding declaration or deduction would be imposed, to comply with other similar claim or satisfy any certification, identification, information or other reporting requirements, whether which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of a Tax Jurisdiction, the taxing jurisdiction as a precondition to exemption fromfrom all or part of such tax, assessment or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationother governmental charge; (6e) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted tax, assessment or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent other governmental charge which such Taxes could Holder would have been avoided able to avoid by presenting the relevant Note to, or otherwise accepting payment from, such Security to another Paying Agent; (7f) any Taxes tax, assessment or other governmental charge which is imposed on a payment pursuant to any European Union Directive on the taxation of savings implementing the conclusions of the ECOFIN Council meeting of November 26 and 27, 2000, or any law implementing such directive; (g) any tax, assessment or other governmental charge payable by reason of such Holder being an associate of the Company for the purposes of section 128F of the ITAA; or (h) any combination of items (a), (b), (c), (d), (e), (f) and (g) above; nor shall additional amounts be paid with respect to any payment by of the Issuer principal of, or any interest on, any Security of the Guarantors such series to the holder of the Notes if such holder any Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes payment would be required by the laws of the jurisdiction (or any political subdivision or taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been imposed on entitled to such payments additional amounts had such holder it been the sole beneficial owner Holder of such Note; (8) Security. The foregoing provisions shall apply mutatis mutandis to any Taxes that are imposed pursuant to current Section 1471 through 1474 withholding or deduction for or on account of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, assessments or governmental charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by of whatever nature of any jurisdiction on in which any successor Person to the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, Company or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware is organized, or any political subdivision or taxing authority thereof or therein; provided, however, that it will such payment of additional amounts may be obligated subject to pay Additional Amounts with respect to any payment under or with respect such further exceptions as may be established in the terms of such Securities established as contemplated by Section 301. Subject to the Notes or any Note Guaranteeforegoing provisions, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principalany premium or interest on, interest or in respect of, any Security of any other amount payable under, series or with respect to, payment of any related coupon or the net proceeds received on the sale or exchange of the Notes or any Note GuaranteeSecurity of any series, such mention shall be deemed to include mention of the payment of Additional Amounts additional amounts provided for in this Section to the extent that, in such context, Additional Amounts additional amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge thereof pursuant to the provisions of this IndentureSection and express mention of the payment of additional amounts (if applicable) in any provisions hereof shall not be construed as excluding additional amounts in those provisions hereof where such express mention is not made. If the terms of the Securities of a series established as contemplated by Section 301 do not specify that additional amounts pursuant to the Section will not be payable by the Company or the Guarantor, at least 10 days prior to the first Interest Payment Date with respect to that series of Securities (or if the Securities of that series will not bear interest prior to Maturity, the first day on which a payment of principal and any transfer by a holder or beneficial owner of its Notespremium is made), and will apply, mutatis mutandis, at least 10 days prior to each date of payment of principal and any jurisdiction in which premium or interest if there has been any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or change with respect to the Notes (matters set forth in the below-mentioned Officers' Certificate, the Company or the Guarantor will furnish the Trustee and the Company's principal Paying Agent or Paying Agents, if other than the Trustee, with an Officers' Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal of and any Note Guarantee) by premium or interest on the Securities of that series or under the related Guarantees shall be made to Holders of Securities of that series without withholding for or on behalf account of any tax, assessment or other governmental charge described in the Securities of that series or the related Guarantees. If any such Person andwithholding shall be required, in then such Officers' Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities and the Company or the Guarantor (only if a payment under said Guarantees is then due), as the case may be, will pay to the Trustee or such Paying Agent or Paying Agents the additional amounts required by this Section. Each of the Company and the Guarantor covenants to indemnify each caseof the Trustee and any Paying Agent for, and to hold each of them harmless against, any political subdivision thereof loss, liability or therein.expense arising out of or in connection with actions taken or omitted by any of them in reliance on any Officer's Certificate furnished pursuant to this Section, except to the extent that any such loss, liability or expense is due to its own negligence or bad faith. ARTICLE ELEVEN

Appears in 1 contract

Sources: Indenture (Bp PLC)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Issuers or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the any Issuer or any Guarantor (including any successor entity) is or was at any relevant time incorporated, organized, engaged in business, organized business or resident for tax purposes or any political subdivision or governmental authority thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the any Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agentpaying agent) or any political subdivision or governmental authority thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) will at any time be required to be made by any applicable withholding agent in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the relevant Issuer or the relevant Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction by any applicable withholding agent (including any such withholding or deduction in respect of any Additional Amounts payable hereunder) will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner ofpartner, member or shareholder of, or a possessor of a power over, the relevant holdersuch holder or beneficial owner, if the relevant such holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company partnership or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present incorporated in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than any connection arising solely from the acquisition, ownership holding or disposition of Notesany Note, the exercise or enforcement of rights under such Note, any Note or this Indenture or a Note Guarantee, any Guarantee or the receipt of payments any payment in respect of such any Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, salesales, personal property, stamp, value added, transfer, personal property or similar Taxes; (4) any Taxes payable required to be paid other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder or beneficial owner of the Notes, following the an Issuer’s reasonable written request addressed to the holder or beneficial owner at least 60 days before any such withholding or deduction would be imposedrequired, to accurately comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide comply with such certification or documentationrequirements; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) withheld by or on behalf reason of a the failure of the holder or beneficial owner of the Notes to comply with the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any requirements of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the Code as of the Issue Date (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any regulations promulgated thereunder, the U.S. Treasury Regulations issued thereunder or any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (thereof or any related law or administrative practices or procedures) implementing the foregoing or any agreements agreement entered into pursuant to current Section 1471(b)(11471(b) of the Code as of the Issue Date (or any amended or successor version described above)) or any intergovernmental agreement, treaty, convention or similar agreement among governmental authorities (and related legislation, official regulations or other administrative guidance) implementing any of the foregoing; (7) any withholding Tax imposed by the United States, any state thereof or the District of Columbia; or (9) 8) any combination of clauses (1) through (8) 7) above. . (b) In addition to the foregoing, the Issuer Issuers and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxesTaxes, charges or any other similar levies (including penalties, interest and additions to tax any other liabilities related thereto) which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to herein or therein, or the receipt of any payments with respect thereto, or the enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)Guarantee. (bc) If the any Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the relevant Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the relevant Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents paying agent to pay Additional Amounts to Holders on the relevant payment date. The Trustee shall be entitled to rely on an Officer’s Certificate as conclusive proof that such payments are necessary. The relevant Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (cd) The Issuer or the relevant Guarantor, if If it is the applicable withholding agent, shall the relevant Issuer or the relevant Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The relevant Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The relevant Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the any Issuer or a any Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (de) Whenever in this Indenture or the Notes there is mentioned, in any context, the The payment of any amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (ef) This The obligations under this Section 4.06 shall 2.16 will survive any termination, defeasance or discharge of this Indenture, Indenture and any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any successor person to any Issuer or any Guarantor and to any jurisdiction in which any successor Person to the any Issuer (or any Guarantor) Guarantor is at any relevant time incorporated, organized, engaged in business, organized business or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person Person, and, in each case, any political subdivision or governmental authority thereof or therein.

Appears in 1 contract

Sources: Indenture (Ellington Financial Inc.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by each Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4iv) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5v) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder Holder at least 60 30 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6vi) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7vii) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder Holder of the Notes if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) viii) any Taxes imposed by the United States, any state thereof or the District of Columbia, or any subdivision thereof or territory thereof, including any U.S. federal withholding taxes and any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9ix) any combination of clauses (1‎‎(i) through (8) ‎‎(viii) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction relevant Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any paymentspayments or that are imposed on or result from a sale or other transfer or disposition of a Note by a Holder or a beneficial owner, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1‎‎(i) through (3‎‎(iii) or (5‎‎(v) through (9‎‎(ix) above or any combination thereof), save in each case for any such taxes, charges or levies which arise or are increased as a result of any document effecting the registration, issue or delivery of any of the notes either being signed or executed in the United Kingdom or being brought into the United Kingdom. (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder of the Notes upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 ‎‎Section 4.12 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (Norwegian Cruise Line Holdings Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1a) any jurisdiction (other than the United StatesStates or any political subdivision thereof or therein) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein and, in the case of any successor entity, wherein such successor entity assumes the obligations of the Notes, the Guarantees and this Indenture following a merger, consolidation or transfer, lease or conveyance of substantially all of the assets and properties of the Issuer or the applicable Guarantor or (2b) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1a) and (2b), a “Tax Jurisdiction”, and (a) a “Relevant Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iii) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4iv) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5v) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6vi) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7vii) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) viii) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9ix) any combination of clauses (1i) through (8) viii) above. Notwithstanding the foregoing, the limitations on the obligations of the Issuer or any Guarantor to pay Additional Amounts set forth in item (v) above will not apply if the provision of any certification, identification, information, or other reporting requirement described in such item (v) would be materially more onerous, in form, in procedure or in the substance of information disclosed, to a holder or beneficial owner of a Note than comparable information or other reporting requirements imposed under U.S. tax law, regulations, treaty and administrative practice (such as U.S. Internal Revenue Service Forms W-8BEN and W-9). In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder and the Trustee for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1i) through (3iii) or (5v) through (9ix) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents Agent to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of such Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder of the Notes upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 4.12 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (Lindblad Expeditions Holdings, Inc.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will shall equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (Royal Caribbean Cruises LTD)

Additional Amounts. (a) All payments made in respect of the Notes or any Guarantee by or on behalf of the Issuer Issuer, any Guarantor, or any of the Guarantors successor thereto (includingeach, in each case, any successor entitya “Payor”) under or with respect to the Notes or any Note Guarantee shall be made free and clear of of, and without withholding or deduction for, or on account of, any present or future Taxes taxes, levies, duties, imposts, assessments or other governmental charges, including any interest, additions to tax and penalties related thereto (collectively, “Taxes”), unless the such withholding or deduction of such Taxes is then required by applicable law. If the Issuerany Payor, any Guarantor or any other applicable withholding agent agent, is required by law to withhold or deduct any amount for, in respect of any payment made in respect of the Notes or on account of, any Taxes Guarantee with respect to any Tax imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer any Payor is, at any time, organized, resident or any Guarantor is or was incorporated, engaged in business, organized or resident doing business for tax purposes purposes, or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by Payor or any paying agent (on behalf of any Payor) makes any payments on the Issuer Notes or any Guarantor (includingGuarantee, without limitationor, the jurisdiction of in each case, any Paying Agent) governmental authority or any political subdivision thereof or therein having the power to tax (each of (1) and (2)each, a “Relevant Tax Jurisdiction”) in respect of any payments under or with respect ), the Payor will, subject to the Notes or any Note Guaranteeexceptions and limitations set forth below, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be are necessary in order so that the net amounts payment received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the a beneficial owner of the Notes (including any Additional Amounts), after withholding or deduction for any Taxes of any Relevant Tax Jurisdiction (including in respect of any Additional Amounts) will equal the amount such beneficial owner would have received in respect of such payment had no such withholding or deduction been required. A Payor’s obligation to pay Additional Amounts shall not apply: (a) to any Taxes that are imposed by reason of the holder (or the beneficial owner for whose benefit such holder holds such Note), or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, holder if the relevant holder is an estate, trust, nominee, partnership, limited liability company partnership or corporation) , or a person holding a power over an estate or trust administered by a fiduciary holder, being considered as: i. being or having been engaged in a trade or business in the Relevant Tax Jurisdiction or having or having had a permanent establishment in the Relevant Tax Jurisdiction; or ii. having any other current or former connection with the Relevant Tax Jurisdiction (other than a connection arising solely as a result of the acquisition, ownership or disposition of the Notes or a beneficial interest therein, the receipt of any payment in respect of a Note or any Guarantee or the enforcement of any rights hereunder or thereunder), including being or having been a citizen or resident of the Relevant Tax Jurisdiction; (b) to any Taxes that are imposed or national withheld because the holder or beneficial owner failed to accurately comply with a request from a Payor to meet certification, identification or information or other reporting requirements concerning the nationality, residence or identity of the holder or beneficial owner of the Notes or otherwise establish any available exemption from or reduction in the rate of deduction or withholding of, such Taxes (if such holder or incorporatedbeneficial owner is legally eligible to satisfy such requirements, engaged exemptions or reductions), in each case, if compliance with such action is required as a trade precondition to exemption from, or business reduction in, being or having been physically present in or having such Tax by a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Relevant Tax Jurisdiction, ; (c) to any Taxes that are imposed other than any connection arising solely from the acquisition, ownership by withholding or disposition of Notes, the exercise deduction by a Payor or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments other applicable withholding agent in respect of such Note a payment with respect to the Notes or a Note any Guarantee; (2d) to any estate, inheritance, gift, sales, transfer, wealth or similar Taxes, ; (e) to the extent such any Taxes were that are imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment amount is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 30-day period); (3f) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes[reserved]; (4g) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are Tax imposed pursuant to current Section Sections 1471 through 1474 of the Code (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations promulgated thereunder, any or official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(11471(b) of the Code (or any amended or successor version described above), or any intergovernmental agreements, treaties, conventions or similar agreements (and any related laws, regulations or administrative guidance) implementing the foregoing; (h) to any Taxes that are imposed on or with respect to any payment by or on behalf of the Issuer or any Guarantor to the holder if such holder is a fiduciary, partnership, limited liability company or person other than the sole beneficial owner of such payment to the extent that, had the sole beneficial owner of such Note been the holder and had such Taxes been imposed on the sole beneficial owner, no Additional Amounts in respect of such Taxes would have been payable as a result of clauses (a)-(g) or (i) of this Section 4.21; or (9i) to any combination of the above items (the foregoing Taxes described in clauses (1) through (8) abovea)-(i), “Excluded Taxes”). In addition At least 30 calendar days prior to each date on which any payment under or with respect to the foregoingNotes or any Guarantee is due and payable, if a Payor will be obligated to pay Additional Amounts with respect to such payment (unless such obligation to pay Additional Amounts arises after the 35th day prior to the date on which such payment is due and payable, in which case it will be promptly thereafter), the Payor will deliver to the Trustee a certificate of an officer of the Issuer stating that such Additional Amounts will be payable and the amounts so payable and will set forth such other information necessary to enable the Trustee (or the applicable paying agent) to pay such Additional Amounts to holders on the payment date. The applicable Payor, if it is the applicable withholding agent, will make any required withholding or deduction and remit the full amount deducted or withheld to the Relevant Tax Jurisdiction in accordance with applicable law. The Issuer will provide the Trustees (and, upon request, any holders or beneficial owners of the Notes) with official receipts or other documentation evidencing the payment of the Taxes with respect to which Additional Amounts are paid. The Issuer and the Guarantors shall also will pay and indemnify the each holder of Notes for any present or future stamp, court, issue, registration, value added, transfer, court registration or documentary Taxes, Taxes or any other excise or excise, property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which Taxes that are levied by any jurisdiction on Relevant Tax Jurisdiction from the execution, delivery, issuance, enforcement or registration of any the Notes (other than in respect of a transfer of a Note, to someone other than the Issuer or its Affiliates, that occurs after the sale of such Note to an investor pursuant to the offering of the Notes), the Guarantees, this Indenture, any Note Guarantee Indenture or any other document referred to thereinor instrument in relation thereof, or the receipt of any payments with respect thereto, or enforcement of, any of to the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any paymentspayments with respect thereto, to any such Taxes imposed in levied by a Relevant Tax Jurisdiction that are not excluded under clauses (1a), (b) and (d) through (3h) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, mentioned in any context, : the payment of amounts based upon the principal amount of the Notes or of principal, interest redemption prices or purchase prices in connection with a redemption or purchase of Notes, interest, or any other amount payable under, or with respect to, to any of the Notes or any Note Guarantee, such mention reference shall be deemed to include mention of the payment of Additional Amounts as described under this Section 4.21 to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This . The obligations described under this Section 4.06 shall 4.21 will survive any termination, defeasance or discharge of this Indenture, and any transfer by a holder or beneficial owner of its Notes, Notes and will applyapply mutatis mutandis to any successor Person, mutatis mutandis, to any Payor and to any jurisdiction in which any such successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or is otherwise resident or doing business for tax purposes, purposes or any jurisdiction from or through which payment is made under by such successor or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or thereinits respective agents.

Appears in 1 contract

Sources: Restructuring Support Agreement (Akumin Inc.)

Additional Amounts. (a) All payments made by or on behalf Unless otherwise specified in any Board Resolution of the Issuer Company or the Guarantor establishing the terms of Securities of a series or the Guarantees relating thereto in accordance with Section 301, if any of the Guarantors (including, in each case, any successor entity) under deduction or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, for any present or future Taxes unless taxes, assessments or other governmental charges of the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor jurisdiction (or any other applicable withholding agent is required by law to withhold political subdivision or deduct any amount for, taxing authority thereof or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United Statestherein) in which the Issuer Company or the Guarantor is incorporated, shall at any time be required by such jurisdiction (or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any such political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”taxing authority) in respect of any payments amounts to be paid by the Company of principal of or interest on a Security of any series, or by the Guarantor under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumGuarantees, the Issuer Company or the relevant Guarantor, as applicablethe case may be, shall will pay to the Holder of a Security of such series such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect paid to such Holder of such payments by each beneficial owner of Notes Security who, with respect to any such tax, assessment or other governmental charge, is not resident in such jurisdiction, after such withholding deduction or deduction will equal withholding, shall be not less than the respective amounts that would have been received and retained specified in respect of such payments in the absence of Security to which such withholding or deductionHolder is entitled; provided, however, that no Additional Amounts the Company or the Guarantor, as 66 the case may be, shall not be payable with respect torequired to make any payment of additional amounts (1) for or on account of any such tax, assessment or governmental charge imposed by the United States or any political subdivision or taxing authority thereof or therein or (2) for or on account of: (1a) any Taxestax, to the extent such Taxes assessment or other governmental charge which would not have been imposed but for (i) the holder existence of any present or the beneficial owner of the Notes former connection between such Holder (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holdersuch Holder, if the relevant holder such Holder is an estate, trust, nominee, partnership, limited liability company partnership or corporation) and the taxing jurisdiction or any political subdivision or territory or possession thereof or area subject to its jurisdiction, including, without limitation, such Holder (or such fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident thereof or national of, or incorporated, engaged in a trade or business in, being or having been physically present or engaged in trade or having a permanent establishment in, the relevant Tax Jurisdiction business therein or having or having had any other present a permanent establishment therein or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee; (2ii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment Security of such series (where presentation is required) for payment on a date more than 30 days after the relevant date on which such payment became due and payable or the date on which payment thereof is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period)duly provided for, whichever occurs later; (3b) any estate, inheritance, gift, sale, transfer, personal property or similar Taxestax, assessment or other governmental charge; (4c) any Taxes tax, assessment or other governmental charge which is payable other otherwise than by deduction or withholding from payments underof (or in respect of) principal of, or with respect toany interest on, the Notes or any Note GuaranteeSecurities of such series; (5d) any Taxes to the extent such Taxes would not have been tax, assessment or other governmental charge that is imposed or withheld but for by reason of the failure of by the holder Holder or the beneficial owner of the NotesSecurity of such series (i) to provide information concerning the nationality, following residence or identity of the Issuer’s reasonable written request addressed Holder or such beneficial owner or (ii) to the holder at least 60 days before make any such withholding declaration or deduction would be imposed, to comply with other similar claim or satisfy any certification, identification, information or other reporting requirements, whether which, in the case of (i) or (ii), is required or imposed by a statute, treaty, regulation or administrative practice of a Tax Jurisdiction, the taxing jurisdiction as a precondition to exemption fromfrom all or part of such tax, assessment or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentationother governmental charge; (6e) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted tax, assessment or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent other governmental charge which such Taxes could Holder would have been avoided able to avoid by presenting the relevant Note to, or otherwise accepting payment from, such Security to another Paying Agent; (7f) any Taxes tax, assessment or other governmental charge which is imposed on a payment pursuant to any European Union Directive on the taxation of savings implementing the conclusions of the ECOFIN Council meeting of November 26 and 27, 2000, or any law implementing such directive; (g) any tax, assessment or other governmental charge which is required to be withheld or deducted by reason of such Holder being a Person with whom the Company or the Guarantor is not dealing at arm's length (within the meaning of the Income Tax Act (Canada)); (h) any tax, assessment or other governmental charge which would not have been imposed but for the failure of such Holder to comply with any requirement under relevant income tax treaties or Canadian statutes and regulations (or any administrative practice in Canada) to claim or establish entitlement to exemption from or reduction of such taxes or duties; or (i) any combination of items (a), (b), (c), (d), (e), (f), (g) and (h) above; nor shall additional amounts be paid with respect to any payment by of the Issuer principal of, or any interest on, any Security of the Guarantors such series to the holder of the Notes if such holder any Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes payment would be required by the laws of the jurisdiction (or any political subdivision or taxing authority thereof or therein) to be included in the income for tax purposes of a beneficiary or settlor with respect to such fiduciary or a member of such partnership or a beneficial owner who would not have been imposed on entitled to such payments additional amounts had such holder it been the sole beneficial owner Holder of such Note; (8) Security. The foregoing provisions shall apply mutatis mutandis to any Taxes that are imposed pursuant to current Section 1471 through 1474 withholding or deduction for or on account of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, assessments or governmental charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by of whatever nature of any jurisdiction on in which any successor Person to the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, Company or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware is organized, or any political subdivision or taxing authority thereof or therein; provided, however, that it will such payment of additional amounts may be obligated -------- ------- subject to pay Additional Amounts with respect to any payment under or with respect such further exceptions as may be established in the terms of such Securities established as contemplated by Section 301. Subject to the Notes or any Note Guaranteeforegoing provisions, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principalany premium or interest on, interest or in respect of, any Security of any other amount payable under, series or with respect to, payment of any related coupon or the net proceeds received on the sale or exchange of the Notes or any Note GuaranteeSecurity of any series, such mention shall be deemed to include mention of the payment of Additional Amounts additional amounts provided for in this Section to the extent that, in such context, Additional Amounts additional amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge thereof pursuant to the provisions of this IndentureSection and express mention of the payment of additional amounts (if applicable) in any provisions hereof shall not be construed as excluding additional amounts in those provisions hereof where such express mention is not made. If the terms of the Securities of a series established as contemplated by Section 301 do not specify that additional amounts pursuant to the Section will not be payable by the Company or the Guarantor, at least 10 days prior to the first Interest Payment Date with respect to that series of Securities (or if the Securities of that series will not bear interest prior to Maturity, the first day on which a payment of principal and any transfer by a holder or beneficial owner of its Notespremium is made), and will apply, mutatis mutandis, at least 10 days prior to each date of payment of principal and any jurisdiction in which premium or interest if there has been any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or change with respect to the Notes (matters set forth in the below-mentioned Officers' Certificate, the Company or the Guarantor will furnish the Trustee and the Company's principal Paying Agent or Paying Agents, if other than the Trustee, with an Officers' Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal of and any Note Guarantee) by premium or interest on the Securities of that series or under the related Guarantees shall be made to Holders of Securities of that series without withholding for or on behalf account of any tax, assessment or other governmental charge described in the Securities of that series or the related Guarantees. If any such Person andwithholding shall be required, in then such Officers' Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities and the Company or the Guarantor (only if a payment under said Guarantees is then due), as the case may be, will pay to the Trustee or such Paying Agent or Paying Agents the additional amounts required by this Section. Each of the Company and the Guarantor covenants to indemnify each caseof the Trustee and any Paying Agent for, and to hold each of them harmless against, any political subdivision thereof loss, liability or therein.expense arising out of or in connection with actions taken or omitted by any of them in reliance on any Officer's Certificate furnished pursuant to this Section, except to the extent that any such loss, liability or expense is due to its own negligence or bad faith. ARTICLE ELEVEN

Appears in 1 contract

Sources: Indenture (Bp PLC)

Additional Amounts. (a) All payments of principal of, premium, if any, and interest on Securities of any series to a Holder thereof who is not a United States person, and all payments on the Guarantees to a Holder thereof who is not a United States person shall be made without set-off, counterclaim, fees, liabilities or similar deductions (including payments on redemption, repayment and the exercise of either the Cash Settlement Option or the Stock Settlement Option), and free and clear of, and without deduction or withholding for, taxes, levies, imposts, duties, assessments, charges or fees of whatsoever nature now or hereafter imposed, levied, collected, deducted, withheld or assessed by or on behalf of the Issuer Government of the United States, or any of the Guarantors state or other political subdivision or taxing authority thereof or therein (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law"Taxes"). If the IssuerCompany, any Guarantor the ----- Guarantor, or any other applicable withholding agent of either is required by law or regulation to withhold make any deduction or deduct any amount for, withholding for or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitationTaxes, the jurisdiction of any Paying Agent) Company or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicablethe case may be, shall pay such additional amounts (the “"Additional Amounts") as may ------------------ shall be necessary in order that the net amounts received and retained in respect by the Holders of such payments by each beneficial owner the Securities of Notes any series who are not United States persons after such deduction or withholding or deduction will shall equal the respective amounts amount that would have been received and retained in respect of such payments receivable thereunder in the absence of such withholding deduction or deduction; providedwithholding, however, except that no such Additional Amounts shall be payable with respect toon account of: (1a) any Taxes, to the extent such Taxes Tax which would not have been so imposed but for (i) the holder existence of any present or the beneficial owner of the Notes former connection between such Holder (or between a fiduciary, settlor, beneficiary, partner ofmember, member or shareholder of, of or possessor of a power over, the relevant holderover such Holder, if the relevant holder such Holder is an estate, a trust, nomineea partnership or a corporation) and the United States or any political subdivision or taxing authority thereof or therein, partnershipincluding, limited liability company without limitation, such Holder (or corporationsuch fiduciary, settlor, beneficiary, member, shareholder or possessor) being or having been a citizen or resident of the United States or national oftreated as a resident thereof, or incorporated, engaged in a trade or business in, being or having been physically engaged in trade or business or present in therein, or having had a permanent establishment intherein, the relevant Tax Jurisdiction or having or having had any other (ii) such Holder's present or former connection status as a personal holding company, a foreign personal holding company with respect to the relevant Tax JurisdictionUnited States, other than any connection arising solely from the acquisitiona controlled foreign corporation, ownership or disposition of Notesa passive foreign investment company, the exercise or enforcement of rights under such Note, this Indenture or a Note Guaranteeforeign private foundation or foreign tax exempt entity for United States tax purposes, or a corporation which accumulates earnings to avoid United States Federal income tax, or (iii) such holder's status as a bank extending credit pursuant to a loan agreement entered into in the receipt ordinary course of payments in respect of such Note or a Note Guaranteebusiness; (2b) any Taxes, to the extent such Taxes were Tax which would not have been so imposed as a result of but for the presentation by the Holder of a Note such Security or any Coupon appertaining thereto for payment (where presentation is required) on a date more than 30 15 days after the relevant date on which such payment became due and payable or the date on which payment thereof is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period)duly provided for, whichever occurs later; (3c) any estate, inheritance, gift, salesales, transfer, personal property or similar TaxesTax; (4d) any Taxes Tax which would not have been imposed but for the failure to comply with any certification, identification or other reporting requirements concerning the nationality, residence, identity or connection with the United States of the Holder or beneficial owner of such Security or any Coupon appertaining thereto, if compliance is required by statute or by regulation or ruling of the United States Treasury Department as a precondition to exemption from such Tax; (e) any Tax which is payable other otherwise than by deduction or withholding from payments underof principal of, premium, if any, or with respect to, the Notes or any Note Guaranteeinterest on such Security; (5f) any Taxes Tax imposed as a result of a Person's past or present actual or constructive ownership, including by virtue of the right to convert Securities, of 10% or more of the total combined voting power of all classes of stock of the Company entitled to vote; (g) any Tax required to be withheld by any Paying Agent from any payment of the principal of, premium, if any, or interest on such Security, if such payment can be made without such withholding by any other Paying Agent in Western Europe; (h) any Tax imposed on the disposition of any Security by a person holding at any time, actually or constructively, Securities of the applicable series having a fair market value in excess of the greater of the fair market value of five percent of (i) the Company's Common Stock or (ii) the Securities of such series; (i) any Tax imposed on a Holder that is a partnership or a fiduciary, but only to the extent that any beneficial owner or member of the partnership or beneficiary or settlor with respect to the fiduciary would not have been entitled to the payment of Additional Amounts had the beneficial owner, member, beneficiary or settlor directly received its beneficial or distributive share of payments on such Taxes Security; (j) any Tax which would not have been imposed or withheld but for the failure fact that such Security constitutes a "United States real property interest," as defined in Section 897(c)(1) of the holder Internal Revenue Code and the regulations thereunder, with respect to the beneficial owner of such Security; or (k) any combination of items (a), (b), (c), (d), (e), (f), (g), (h), (i) and (j). Notwithstanding the foregoing, if and so long as a certification, identification or other information reporting requirement referred to in the third paragraph of Section 1102 of this Indenture would be fully satisfied by payment of a backup withholding tax or similar charge, the Company may elect, by so stating in the Determination Notice (as hereinafter defined), to have the provisions of this paragraph apply in lieu of redeeming the Security pursuant to such Section 1102. In such event, the Company will pay as Additional Amounts such amounts as may be necessary so that every net payment made, following the effective date of such requirements, outside the United States by the Company or any Paying Agent of principal and premium, if any, due in respect of a Security, or interest represented by any Coupon, the beneficial owner of which is not a United States person (but without any requirement that the nationality, residence or identity of such beneficial owner be disclosed to the Company, any Paying Agent or any governmental authority), after deduction or withholding for or on account of such backup withholding tax or similar charge, other than a backup withholding tax or similar charge which is (a) the result of a certification, identification or information reporting requirement described in the first parenthetical clause of such third paragraph of Section 1102, (b) imposed as a result of the fact that the Company or any Paying Agent has actual knowledge that the beneficial owner of the Notes, following Security or such Coupon is within the Issuer’s reasonable written request addressed to category of Persons described in clause (a) of the holder at least 60 days before any such withholding preceding paragraph or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, (c) imposed as a precondition to exemption fromresult of presentation of the Security or such Coupon for payment more than 15 days after the date on which such payment becomes due and payable or on which payment thereof is duly provided for, or reduction whichever occurs later, will not be less than the amount provided for in the rate of deduction Security or withholding ofsuch Coupon to be then due and payable. Except as specifically provided in this Indenture, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is Company shall not resident in the Tax Jurisdiction), but in each case, only be required to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) make any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by Taxes. If the Issuer Company, the Guarantor or any successor to either of them under this Indenture shall be incorporated under the Guarantors to the holder laws of the Notes if such holder is a fiduciary or partnership or any person jurisdiction other than the sole beneficial owner United States, the Company or its successor will pay, and the Guarantor or its successor will jointly and severally guarantee the payment of, and the Company or the Guarantor shall provide notice to the Trustee of the payment of, such additional amounts ("Other Additional Amounts") as may be necessary in order ------------------------ that every net payment on each Security, after withholding for or on account of any present or future tax, assessment or other governmental charge imposed upon or as a result of such payment by such other jurisdiction (or any political subdivision or taxing authority thereof or therein), will be not less than the amount provided for in such Security to be then due and payable; provided, -------- however, that (i) the Other Additional Amounts payable to a Holder of a ------- Security will be reduced to the extent that such Taxes would not have been imposed on withholding reduces any tax liability to which such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 Holder of the Code or any amended or successor version that Security was and is substantively comparable subject both prior to and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. after such incorporation in another jurisdiction and (ii) the exceptions listed in the second preceding paragraph shall apply, substituting for the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as jurisdiction that imposes the case may be, shall deliver tax giving rise to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Other Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principalany premium or interest on, interest or in respect of, any Security of any other amount payable under, or with respect to, any of the Notes series or any Note GuaranteeCoupon or the net proceeds received on the sale or exchange of any Security of any series, such mention shall be deemed to include mention of the payment of Additional Amounts provided by the terms of this Indenture or by the terms of such series established hereby or pursuant hereto to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notesthereof pursuant to such terms, and will applyexpress mention of the payment of Additional Amounts (if applicable) in any provision hereof shall not be construed as excluding Additional Amounts in those provisions hereof where such express mention is not made. Except as otherwise provided in or pursuant to this Indenture or the Securities of any series, mutatis mutandisif the Securities of a series provide for the payment of Additional Amounts, to any jurisdiction in which any successor Person at least 10 days prior to the Issuer first Interest Payment Date with respect to such series of Securities (or if the Securities of such series shall not bear interest prior to Maturity, the first day on which a payment of principal is made), and at least 10 days prior to each date of payment of principal or interest if there has been any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or change with respect to the Notes (matters set forth in the below- mentioned Officers' Certificate, the Company shall furnish to the Trustee and the principal Paying Agent or any Note Guarantee) by Paying Agents, if other than the Trustee, an Officers' Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal of and premium, if any, or interest, if any, on the Securities of such series shall be made to Holders of Securities of such series or the Coupons appertaining thereto who are not United States persons without withholding for or on behalf account of any Tax described in the Securities of such Person andseries. If any such withholding shall be required, in each casethen such Officers' Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders of Securities or Coupons, and the Company agrees to pay to the Trustee or such Paying Agent the Additional Amounts required hereby or by the terms of such Securities. The Company covenants to indemnify the Trustee and any Paying Agent and other officers, directors, employees and agents for, and to hold them harmless against, any political subdivision thereof loss, liability or thereinexpense reasonably incurred without negligence or bad faith on their part arising out of or in connection with actions taken or omitted by any of them in reliance on any Officers' Certificate furnished pursuant to this Section.

Appears in 1 contract

Sources: Indenture (Thermo Electron Corp)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Issuers or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer Issuers or any Guarantor (including any successor entity) is or was then incorporated, organized, engaged in business, organized business or resident for tax purposes or any political subdivision or Governmental Authority thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer Issuers or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or Governmental Authority thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of will at any time be required to be made from any payments under or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer Issuers or the relevant Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes after such withholding or deduction by any applicable withholding agent will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1a) any Taxes, to the extent such Taxes would not have been imposed but for the holder Holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present incorporated in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, Jurisdiction other than the acquisition or holding of any connection arising solely from the acquisition, ownership or disposition of NotesNote, the exercise or enforcement of rights under such Note, any Note or this Indenture or a any Note Guarantee, Guarantee or the receipt of payments any payment in respect of such any Note or a Note Guarantee; (2b) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3c) any estate, inheritance, gift, sale, transfer, personal property transfer or similar Taxes; (4d) any Taxes payable required to be withheld or deducted as a result of the presentation of any Note for payment (where presentation is required) by or on behalf of a Holder of Notes who would have been able to avoid such withholding or deduction by presenting the relevant Note to another Paying Agent designated by the Issuers under this Indenture; (e) any Taxes required to be paid other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5f) any Taxes to the extent such Taxes would not have been are imposed or withheld but for by reason of the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s Issuers’ reasonable written request addressed to the holder Holder or beneficial owner at least 60 days before any such withholding or deduction would be imposedpayable, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide comply with such certification or documentationrequirements; (6g) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) withheld by or on behalf reason of a holder the failure of the Holder or beneficial owner of the Notes to comply with the extent such Taxes could have been avoided by presenting requirements of Sections 1471 through 1474 of the relevant Note toCode, as of the Issue Date (or otherwise accepting payment fromany amended or successor version that is substantively comparable and not materially more onerous to comply with), another Paying Agentthe U.S. Treasury Regulations issued thereunder or any official interpretation thereof or any agreement entered into pursuant to Section 1471(b) of the Code, as of the Issue Date (or any amended or successor provision described above); (7h) any withholding Tax imposed by the United States or a political subdivision thereof; (i) any Taxes imposed on or with respect to any payment by the Issuer Issuers or any of the Guarantors Guarantor to the holder of the Notes Holder if such holder Holder is a fiduciary fiduciary, partnership, limited liability company or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Notethe applicable Notes; (8) j) any Taxes withheld in Luxembourg, deducted or imposed on a payment to an individual and that are imposed required to be made pursuant to current Section 1471 through 1474 the law of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between 23 December 2005 introducing a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) final withholding tax on saving income in favor of the Code (or any amended or successor version described above)beneficiaries who are individuals resident in Luxembourg; or (9k) any combination of clauses (1a) through (8) j) above. In addition to the foregoing, the Issuer Issuers and the Guarantors shall will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxesTaxes, charges or similar levies (including penalties, interest and additions to tax any other liabilities related thereto) which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or the enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) Note Guarantee. If the Issuer Issuers or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note Guarantee, the Issuer Issuers or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer Issuers or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer Trustee shall be entitled to rely on an Officer’s Certificate as conclusive proof that such payments are necessary. The Issuers or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer Issuers or the relevant Guarantor, if it is the applicable withholding agent, shall Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer Issuers or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer Upon request, the Issuers or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer Issuers or a such Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) . Whenever in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall . The above obligations will survive any termination, defeasance or discharge of this Indenture, Indenture and any transfer by a holder Holder or beneficial owner Beneficial Owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (Issuers or any Guarantor) Guarantor is incorporated, organized, engaged in business, organized business or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person Person, and, in each case, any political subdivision or governmental authority thereof or therein.

Appears in 1 contract

Sources: Indenture (Horizon Pharma PLC)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall and the Guarantees will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes taxes imposed or levied by or on behalf of any applicable Tax Jurisdiction unless the withholding or deduction of such Taxes taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “applicable Tax Jurisdiction”) in respect of , will at any time be required to be made from any payments made under or with respect to the Notes or any Note Guaranteethe Guarantees, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer Company or the relevant Guarantor, as applicablethe case may be, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the aggregate net amounts received and retained in respect of such payments by each beneficial owner the Holders of the Notes in respect of the Notes or the Guarantees (including Additional Amounts) after such withholding withholding, deduction or deduction imposition will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, provided that no Additional Amounts shall will be payable with respect to: (1i) any Taxes, to Note presented for payment in the extent such Taxes United Kingdom or any other European Economic and Monetary Union member state; (ii) any taxes that would not have been imposed but for the holder Holder's or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other owner's present or former connection with the relevant Tax JurisdictionJurisdiction or but for any such connection on the part of a partner, beneficiary, settlor or shareholder of such Holder or beneficial owner (other than any connection arising solely resulting from the acquisition, ownership ownership, holding or disposition of the Notes, the receipt of payments thereunder or under the Guarantees and/or the exercise or enforcement of rights under such Note, this Indenture or a Note Guarantee, the Notes or the receipt of payments in respect of such Note or a Note GuaranteeGuarantees); (2iii) any Taxes, to the extent such Taxes were taxes that are imposed or withheld as a result of the presentation failure of the Holder of the Notes or beneficial owner of the Notes to comply with any reasonable written request, made to that Holder or beneficial owner in writing at least 30 days before any such withholding or deduction would be payable, by the Company or the Guarantor to provide timely and accurate information concerning the nationality, residence or identity of such Holder or beneficial owner or to make any valid and timely declaration or similar claim or satisfy any certification, information or other reporting requirement, which is required or imposed by a statute, treaty, regulation or administrative practice of the relevant Tax Jurisdiction as a precondition to any exemption from or reduction in all or part of such taxes to which such holder is entitled; (iv) any Note presented for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 30-day period); (3v) any payment of principal or interest on the Notes made to any Holder who is a fiduciary or partnership or any person other than the sole beneficial owner of such payment, to the extent that such payment would be required to be included in the income under the laws of the Tax Jurisdiction, for tax purposes, of a beneficiary or settlor with respect to such fiduciary, a member of such a partnership or the beneficial owner of such payment who would not have been entitled to the Additional Amounts had such beneficiary, settlor, member or beneficial owner been the actual Holder of the Notes; (vi) any estate, inheritance, gift, salesales, transfer, personal property or similar Taxestaxes; (4vii) any Taxes taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guaranteewith respect to the Guarantees; (5viii) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder United States or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder any political subdivision thereof or beneficial owner is legally eligible to provide such certification or documentationtax authority therein; (6ix) any Taxes taxes, assessments or other governmental charge imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer United States or any of by a taxing authority in the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current United States under Section 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described aboveprovisions), any current or future regulations or official interpretations thereof, any agreement entered into pursuant to Section 1471(b) of the Code or any fiscal or regulatory legislation, rules or practices adopted pursuant to any intergovernmental agreement entered into in connection with the implementation of such sections of the Code; or (9x) any combination of clauses items (1i) through (8) ix) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) If the Issuer Company or any the Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts pursuant to this Section 6.1 with respect to any payment under or with respect to any series of the Notes or any Note Guaranteethe Guarantees, the Issuer Company or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay such Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer Company or the relevant Guarantor Guarantor, as the case may be, shall notify the Trustee promptly thereafter) an Officer’s 's Certificate of the Company or the Guarantor, as the case may be, stating the fact that such Additional Amounts will be payable pursuant to this Section 6.1 and the amount estimated to be so payable. The Such Officer’s 's Certificate must also set forth any other information reasonably necessary to enable the Paying Agents to pay such Additional Amounts to Holders of the Notes of such series on the relevant payment date. The Issuer Trustee shall be entitled to rely solely on such Officer's Certificate as conclusive proof that such payments are necessary. The Company or the relevant Guarantor Guarantor, as the case may be, will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer Company or the relevant Guarantor, if it is as the applicable withholding agentcase may be, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax tax authority in accordance with applicable law. The Issuer law with respect to payments in respect of the Notes or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing Guarantees. Upon request, the payment of any Taxes so deducted or withheld. The Issuer Company or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or ifwill provide to the Trustee an official receipt or, notwithstanding such entity’s efforts to obtain receipts, if official receipts are not obtainedobtainable, other evidence of payments (documentation reasonably satisfactory to the Trustee) Trustee evidencing the payment of any taxes so deducted or withheld. Upon request, copies of those receipts or other documentation, as the case may be, will be made available by such entitythe Trustee to the Holders of the Notes. (d) Whenever The obligations in this Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall 6.1 will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, Notes and will apply, apply mutatis mutandis, mutandis to any jurisdiction in which any successor Person person to the Issuer (Company or any Guarantor) the Guarantor is incorporated, engaged in business, organized incorporated or resident for tax purposes, purposes or any jurisdiction from or through which such person makes any payment is made under or with in respect to of the Notes (or the Guarantees and any Note Guarantee) by department or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: First Supplemental Indenture (LyondellBasell Industries N.V.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Senior Notes (whether or not in the form of Definitive Registered Notes) or any of the Guarantors with respect to any Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was then incorporated, organized, engaged in business, organized business for tax purposes or otherwise resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, including the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2)each, a “Tax Jurisdiction”) in respect of will at any time be required to be made from any payments made by or on behalf of the Issuer under or with respect to the Senior Notes or any of the Guarantors under or with respect to any Note Guarantee, including, without limitation, including payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall will pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such withholding withholding, deduction or imposition (including any such withholding, deduction or imposition from such Additional Amounts) will equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1) : any Taxes, to the extent such Taxes would not have been imposed but for the holder existence of any actual or deemed (pursuant to applicable Tax law of the relevant Tax Jurisdiction, such as, if applicable, a connection of a partnership that is attributed to the partners/beneficial owners) present or former connection between the Holder or the beneficial owner of the Senior Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, and the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant (including being a resident of such jurisdiction for Tax Jurisdictionpurposes), other than any connection arising solely from the acquisition, ownership or disposition holding of Notessuch Senior Note, the exercise or enforcement of rights under such Note, this Indenture Senior Note or under a Note Guarantee, Guarantee or the receipt of any payments in respect of such Senior Note or a Note Guarantee; (2) ; any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Senior Note for payment (where Senior Notes are in the form of Definitive Registered Notes and presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Senior Note been presented on the last day of such 30 day period); (3) ; any estate, inheritance, gift, sale, transfersales, personal property property, transfer or similar Taxes; (4) ; ​ any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Senior Notes or with respect to any Note Guarantee; (5) ; any Taxes Taxes, to the extent such Taxes would not have been were imposed or withheld but for by reason of the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s Senior Notes to comply with any reasonable written request of the Issuer addressed to the holder Holder or beneficial owner, as applicable and made at least 60 days before any such withholding or deduction would be imposed, payable to comply with satisfy any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible entitled to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) ; any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors relevant Guarantor to the holder of the Notes Holder if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments payment had such holder Holder been the sole beneficial owner of such Senior Note; (8) ; any Taxes, to the extent such Taxes that are were imposed pursuant to current Section 1471(b) of the Code, or otherwise imposed pursuant to Sections 1471 through 1474 of the Code or any amended or successor version that is substantively comparable and not materially more onerous to comply withCode, any regulations promulgated or agreements thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law implementing an intergovernmental approach thereto; or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1items from Sections 4.18(a)(i) through (8) vii) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxesTaxes, charges or similar levies (including penalties, interest and additions to tax any other reasonable expenses related thereto) which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Senior Notes, this Senior Notes Indenture, any Note Guarantee or any other document or instrument referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Senior Notes or any Note Guarantee (limited, solely other than on or in connection with a transfer of the case Senior Notes that is not part of Taxes attributable to the receipt initial resale of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereofthe Senior Notes by the Senior Notes Initial Purchasers). (b) . If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Senior Notes or any Note Guarantee, each of the Issuer or the relevant Guarantor, as the case may be, shall will deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day less than 45 days prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificate(s) must also set forth any other information reasonably necessary to enable the Paying Agents Agent to pay such Additional Amounts to Holders on the relevant payment date. The Issuer or and the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely solely on an such Officer’s Certificate as conclusive proof that such payments are necessary. (c) . The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall Guarantor will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder upon request)Trustee, within 60 days a reasonable time after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) . Upon reasonable request, copies of Tax receipts or other evidence of payments, as the case may be, will be made available by the Trustee to the Holders and beneficial owners of the Senior Notes. Whenever in this Senior Notes Indenture or the Notes there is mentioned, in any context, the payment of amounts based upon the principal amount of the Senior Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Senior Notes or any Note Guarantee, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This . The obligations in this Section 4.06 shall 4.18 will survive any termination, defeasance or discharge of this Senior Notes Indenture, any transfer by a holder Holder or beneficial owner of its Senior Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) Guarantor is incorporated, organized, engaged in business, organized or resident business for tax purposes, or otherwise resident for tax purposes or any jurisdiction from or through which such Person makes any payment is made under or with respect to on the Senior Notes (or any Note Guarantee) by and any department or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Third Supplemental Senior Notes Indenture (IHS Holding LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (including, in each case, including any successor entity) under or with respect to the Notes or any Note Guarantee shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor Issuer or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2), a “Tax Jurisdiction”) in respect of any payments under or with respect to the Notes or any Note GuaranteeNotes, including, without limitation, payments of principal, redemption priceRedemption Price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes Holder after such withholding or deduction will equal the respective amounts that would have been received and retained by each Holder in respect of such payments in the absence of such withholding or deduction; provided, however, that no Additional Amounts shall be payable with respect to: (1) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the beneficial owner of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holderHolder or beneficial owner, if the relevant holder Holder or beneficial owner is an estate, trust, nominee, partnership, limited liability company or corporation) being or having been a citizen or resident or national of, or incorporated, engaged in a trade or business in, being or having been physically present in or having a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, this Indenture Note or a Note Guaranteethe Indenture, or the receipt of payments in respect of such Note or a Note GuaranteeNote; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 30-day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note GuaranteeNotes; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder Holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder Holder at least 60 30 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder Holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder Holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder Holder of the Notes if such holder Holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder Holder been the sole beneficial owner of such Note; (8) any Taxes imposed by the United States, any state thereof or the District of Columbia, or any subdivision thereof or territory thereof, including any U.S. federal withholding taxes and any Taxes that are imposed pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(1) of the Code (or any amended or successor version described above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors shall will also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction relevant Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee the Indenture or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any paymentspayments or that are imposed on or result from a sale or other transfer or disposition of a Note by a Holder or a beneficial owner, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof), save in each case for any such taxes, charges or levies which arise or are increased as a result of any document effecting the registration, issue or delivery of any of the notes either being signed or executed in the United Kingdom or being brought into the United Kingdom. (b) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes or any Note GuaranteeNotes, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless the obligation to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate Certificates must also set forth any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory to the Trustee evidencing the payment of Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant GuarantorIssuer, if it is the applicable withholding agent, shall will make all withholdings and deductions (within the time period) required by law and shall will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall will furnish to the Trustee (or to a Holder of this Note upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this the Indenture or the Notes this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Notes or any Note GuaranteeNotes, such mention shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The preceding obligations will survive any termination, defeasance or discharge of this the Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (Norwegian Cruise Line Holdings Ltd.)

Additional Amounts. (a) All payments made by or on behalf of the Issuer, any Successor Issuer (as defined below) or any of the Guarantors Guarantor (includingcollectively, in each case, any successor entitya "Payor") under or with respect to on the Notes or any a Note Guarantee shall will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes tax, levy, impost, assessment or other governmental charge (including penalties, interest, and other liabilities with respect thereto) ("Taxes") unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of of: (1i) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes South Africa or any political subdivision or governmental authority of either thereof or therein or having power to tax; (2ii) any jurisdiction from or through which payment on any payment such Note or Note Guarantee is made by a Payor or on behalf of the Issuer or any Guarantor (includingits agents, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or governmental authority thereof or therein having the power to tax; or (iii) any other jurisdiction in which a Payor is incorporated or organized, resident for tax purposes, or any political subdivision or governmental authority thereof or therein having the power to tax (each of clause (1i), (ii) and (2iii), a “Tax "Relevant Taxing Jurisdiction”) in respect of "), will at any time be required from any payments under or made by a Payor with respect to the Notes any Note or any Note Guarantee, including, without limitation, including payments of principal, redemption price, purchase price, interest or premium, if any, or interest, the Issuer or the relevant Guarantor, as applicable, shall Payor will pay (together with such payments) such additional amounts (the "Additional Amounts") as may be necessary in order that the net amounts received and retained in respect of such payments by each beneficial owner of Notes the Holders or the Trustee, as the case may be, after such withholding or deduction (including any such deduction or withholding from such Additional Amounts), will equal the respective amounts that which would have been received and retained in respect of such payments on any such Note or Note Guarantee in the absence of such withholding or deduction; provided, however, that no such Additional Amounts shall will be payable with respect tofor or on account of: (1iv) any Taxes, to the extent such Taxes that would not have been so imposed but for the holder existence of any present or former connection between the relevant Holder or the beneficial owner of the Notes a Note (or between a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, over the relevant holderHolder or beneficial owner, if the relevant holder Holder or beneficial owner is an estate, nominee, trust, nominee, partnership, limited liability company or corporation) and the Relevant Taxing Jurisdiction (including being or having been a citizen or resident or national of, or incorporated, engaged in carrying on a trade business or business in, being or having been physically present in or having maintaining a permanent establishment or a dependent agent in, or being physically present in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Relevant Taxing Jurisdiction) but excluding, other than in each case, any connection arising solely from the acquisition, ownership or disposition of Notesownership, the exercise holding or enforcement of rights under such Note, this Indenture Note or a Note Guarantee, Guarantee or the receipt of payments any payment in respect of such Note or a Note Guaranteethereof; (2v) any Taxes that are imposed or withheld by reason of the failure by the Holder or the beneficial owner of the Note to comply with a written request of the Payor addressed to the Holder, after reasonable notice (such notice being given no less than 30 days before any deduction or withholding of Taxes with respect to any Note or Note Guarantee would be payable), to provide certification, information, documents or other evidence concerning the nationality, residence or identity or connection with the Relevant Taxing Jurisdiction of the Holder or such beneficial owner or to make any declaration or similar claim or satisfy any other reporting requirement relating to such matters, which is required by applicable law, treaty, regulation or administrative practice of the Relevant Taxing Jurisdiction as a precondition to exemption from, or a reduction in the rate of deduction or withholding of, all or part of such Taxes; (vi) any Taxes that are payable otherwise than by deduction or withholding from a payment with respect to the Notes or Note Guarantees; (vii) any estate, inheritance, gift, value added, sales, use, or similar Taxes; 47 (viii) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Note for payment (where presentation is requiredpermitted or required for payment) more than 30 days after the relevant payment is was first made available for payment to the holder Holder (except to the extent that the holder Holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for payment) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent; (7ix) any Taxes imposed on or with respect to any payment by the Issuer or to any of the Guarantors to the holder of the Notes if such holder Holder who is a fiduciary or a partnership or any person other than the sole beneficial owner of such payment Notes to the extent that the beneficiary or settlor with respect to such Taxes fiduciary, the member of such partnership or the beneficial owner of such Notes would not have been imposed on such payments entitled to Additional Amounts had such holder been the sole beneficiary, settlor, member or beneficial owner of held such NoteNotes directly; (8) x) any Taxes Tax that are is imposed pursuant to current Section sections 1471 through 1474 of the U.S. Internal Revenue Code or any of 1986, as amended or successor version that is substantively comparable and not materially more onerous to comply with(the "Code"), any regulations promulgated or other official guidance thereunder, any official interpretations thereofintergovernmental agreement entered into in connection therewith, any similar law or regulation adopted pursuant to an intergovernmental agreement between a non-U.S. jurisdiction and the United States (or with respect to any related law or administrative practices or procedures) implementing of the foregoing or any agreements entered into pursuant to current Section section 1471(b)(1) of the Code; (xi) any U.S. federal withholding Taxes imposed as a result of (i) a person's past or present actual or constructive ownership of 10% or more of the total combined voting power of all classes of stock of the Issuer entitled to vote, (ii) such holder being a bank receiving such interest pursuant to a loan agreement entered into in the ordinary course of its trade or business as described in section 881(c)(3)(A) of the Code or (or any amended or successor version described above)iii) such holder being a "controlled foreign corporation" within the meaning of section 957 of the Code that is related to the Issuer within the meaning of section 864(d)(4) of the Code; or (9xii) any combination of clauses (1) through (8) the above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) The Payor will (i) make any required withholding or deduction and (ii) remit the full amount deducted or withheld to the Relevant Taxing Jurisdiction in accordance with applicable law. The Payor will use all reasonable efforts to obtain certified copies of tax receipts evidencing the payment of any Taxes so deducted or withheld from each Relevant Taxing Jurisdiction imposing such Taxes, in such form as provided in the ordinary course by the Relevant Taxing Jurisdiction and as is reasonably available to the Payor and will provide such certified copies to the Trustee. Such copies shall be made available to the Holders upon request and will be made available at the offices of the Company. (c) If the Issuer or any Guarantor, as the case may be, becomes aware that it Payor will be obligated to pay Additional Amounts under or with respect to any payment under made on any Note or with respect to the Notes or any Note Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless such payment, the obligation Payor will deliver to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) and the Paying Agent an Officer’s 's Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any payable and such other information reasonably necessary to enable the Paying Agents Agent to pay Additional Amounts to Holders on the relevant payment date. The Issuer date (unless such obligation to pay Additional Amounts arises, or the relevant Guarantor will provide the Trustee with documentation reasonably satisfactory Payor becomes aware of such obligation, less than 45 days prior to the Trustee evidencing relevant payment date, in which case the Payor may deliver such Officer's Certificate as promptly as practicable after the date that is 30 days prior to the payment of Additional Amountsdate). The Trustee shall and the Paying Agent will be entitled to rely absolutely solely on an such Officer’s 's Certificate as conclusive proof that such payments are necessary. (cd) The Issuer Wherever in this Indenture, the Notes or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in this Indenture or the Notes Note Guarantees there is mentioned, in any context, : (i) the payment of amounts based upon the principal amount principal; (ii) purchase prices in connection with a redemption or purchase of the Notes or of principal, interest or of Notes; (iii) interest; or (iv) any other amount payable under, on or with respect to, any of to the Notes or any the Note GuaranteeGuarantees, such mention reference shall be deemed to include mention of the payment of Additional Amounts as described under this heading to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This Section 4.06 shall The relevant Payors will pay any present or future stamp, issue, registration, transfer, excise, court or documentary taxes, or any other property or similar Taxes that arise in any jurisdiction from the execution, delivery, registration or enforcement of the Notes or the Note Guarantees, this Indenture or any other document or instrument in relation thereto (other than a transfer or exchange of the Notes after the initial offering thereof), excluding any such Taxes imposed by any jurisdiction that is not a Relevant Taxing Jurisdiction, and the Payor agrees to indemnify the Holders for any such taxes paid by such Holders. (f) The foregoing obligations will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, Indenture and will apply, apply mutatis mutandis, mutandis to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) Guarantor is incorporated, engaged in business, organized or resident for tax purposes, or any jurisdiction from or through which payment is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, any political subdivision or taxing authority or agency thereof or therein.

Appears in 1 contract

Sources: Indenture (Sibanye Stillwater LTD)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Company or any Guarantor (each, a “Payor”) in respect of the Guarantors (including, in each case, any successor entity) under Notes or with respect to the Notes or any Note Guarantee thereof, as applicable, shall be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes unless the withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor deduction or any other applicable withholding agent is required by law to withhold or deduct any amount for, or on account of, any Taxes imposed or levied by or on behalf of of: (1) any jurisdiction (other than the United States) in which the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision thereof or therein or (2) any jurisdiction from or through which payment on any payment Note or Guarantee thereof is made by or on behalf of the Issuer or any Guarantor (includingmade, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or governmental authority thereof or therein having the power to tax; or (2) any other jurisdiction in which any Payor is at any relevant time organized, engaged in business for tax purposes, or otherwise considered to be a resident for tax purposes, or, in each case, any political subdivision or governmental authority thereof or therein having the power to tax (each of clauses (1) and (2), a “Tax Relevant Taxing Jurisdiction”) ), will at any time be required by law to be made by any applicable withholding agent in respect of any payments under made by or on behalf of any Payor with respect to the Notes or any Note Guaranteeor Guarantee thereof, including, without limitation, including payments of principal, redemption price, purchase price, interest or premium, if any, the Issuer or the relevant Guarantor, as applicable, shall applicable Payor will pay (together with such payments) such additional amounts (the “Additional Amounts”) as may be necessary in order that the net amounts received and retained by each beneficial owner in respect of such payments by each beneficial owner of Notes payments, after such withholding or deduction (including any such withholding or deduction in respect of such Additional Amounts), will equal the respective amounts that which would have been received and retained in respect of such payments in the absence of such withholding or deduction; provided, however, that no such Additional Amounts shall will be payable with respect tofor or on account of: (1i) any Taxes, to the extent such Taxes that would not have been so imposed but for the existence of any present or former connection between the relevant holder or the beneficial owner of the Notes Note (or between a fiduciary, settlor, beneficiary, member, partner of, member or shareholder of, or possessor of a power over, over the relevant holderholder or beneficial owner, if the relevant holder or beneficial owner is an estate, nominee, trust, nominee, partnership, limited liability company or corporation) and the Relevant Taxing Jurisdiction (including, without limitation, being resident for tax purposes, or having been being a citizen or resident or national of, or incorporated, engaged in carrying on a trade business or business in, being or having been physically present in or having maintaining a permanent establishment in, the relevant Tax Jurisdiction or having or having had any other present or former connection with the relevant Tax Relevant Taxing Jurisdiction) but excluding, other than in each case, any connection arising solely from the acquisition, ownership or disposition of Notes, such Note or the receipt of any payment or the exercise or enforcement of rights under such Note, this Supplemental Indenture or a Note Guarantee, or the receipt of payments in respect Guarantee of such Note or a Note GuaranteeNote; (2ii) any Tax that is imposed or withheld by reason of the failure by the holder or the beneficial owner of the Note to provide an applicable Internal Revenue Service Form W-8 (with any required attachments) or W-9 or to comply with a written request of the Payor addressed to the holder or beneficial owner, after reasonable notice (at least 60 days before any such withholding or deduction would be made), to provide other certification, information, documents or other evidence concerning the nationality, residence or identity of the holder or such beneficial owner or to make any declaration or similar claim or satisfy any other reporting requirement relating to such matters, which is required by a statute, treaty, regulation or administrative practice of the Relevant Taxing Jurisdiction as a precondition to exemption from all or part of such Tax but, in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (iii) any Taxes, to the extent that such Taxes were imposed as a result of the presentation of a the Note for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (except to the extent that the holder would have been entitled to Additional Amounts had the Note been presented on the last day of such 30 day period); (3iv) any Taxes that are payable otherwise than by deduction or withholding in respect of a payment on or with respect to the Notes or any Guarantee thereof; (v) any estate, inheritance, gift, salesales, transfer, personal property or similar Taxes; (4) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure of the holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (6vi) any Taxes imposed in connection with a Note presented for payment (where presentation is permitted or required for paymentrequired) by or on behalf of a holder or beneficial owner of the Notes to the extent such Taxes could who would have been avoided able to avoid such Tax by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agentpaying agent in a member state of the European Union; (7vii) any Taxes imposed on or with respect to any payment by the Issuer or any of the Guarantors to the holder of the Notes if such holder is a fiduciary or partnership or any person other than the sole beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments had such holder been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section Sections 1471 through 1474 of the Code as of the Issue Date (or any amended or successor version that is substantively comparable and not materially more onerous to comply with), any current or future regulations promulgated or agreements thereunder, any official interpretations thereof, any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant to current Section 1471(b)(11471(b) of the Code as of the Issue Date (or any amended or successor version described above), or any intergovernmental agreement (or related law, legislation, rules or official administrative guidance) implementing the foregoing; (viii) any Taxes imposed as a result of the beneficial owner being or having been (i) a “10-percent shareholder” of the Company as defined in Section 871(h)(3) of the Code or (ii) a controlled foreign corporation that is related to the Company within the meaning of Section 864(d)(4) of the Code; (ix) any Taxes imposed as a result of the holder or beneficial owner being a bank receiving payments on an extension of credit made pursuant to a loan agreement entered into in the ordinary course of its trade or business, as described in Section 881(c)(3)(A) of the Code; or (9x) any combination of clauses the items (1i) through (8) ix) above. In addition to the foregoing, the Issuer and the Guarantors shall also pay and indemnify the holder for any present or future stamp, issue, registration, value added, transfer, court or documentary Taxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, this Indenture, any Note Guarantee or any other document referred to therein, or the receipt of any payments with respect thereto, or enforcement of, any of the Notes or any Note Guarantee (limited, solely in the case of Taxes attributable to the receipt of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof). (b) The applicable withholding agent will (i) make any required withholding or deduction and (ii) remit the full amount deducted or withheld to the relevant taxing authority in the Relevant Taxing Jurisdiction in accordance with applicable law. The applicable Payor, if it is the applicable withholding agent, will use all reasonable efforts to obtain certified copies of tax receipts evidencing the payment of any Taxes so deducted or withheld from each Relevant Taxing Jurisdiction imposing such Taxes and will provide such certified copies, or if, notwithstanding the Payor’s reasonable efforts to obtain such tax receipts, such tax receipts are not available, other reasonable evidence of such payments as soon as reasonably practicable to the Trustee. Such copies or other evidence shall be made available to the holders upon reasonable request and shall be made available at the offices of the Paying Agent. (c) If the Issuer or any Guarantor, as the case may be, becomes aware that it will be Payor is obligated to pay Additional Amounts under or with respect to any payment under or with respect to the Notes or made on any Note or Guarantee, the Issuer or the relevant Guarantor, as the case may be, shall deliver to the Trustee on a date that is at least 30 days prior to the date of that payment (unless such payment, the obligation Payor will deliver to pay Additional Amounts arises after the 30th day prior to that payment date, in which case the Issuer or the relevant Guarantor shall notify the Trustee promptly thereafter) an Officer’s Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate must also set forth any other information reasonably necessary to enable the Paying Agents payable (unless such obligation to pay Additional Amounts arises less than 45 days prior to Holders on the relevant payment date. The Issuer or , in which case the relevant Guarantor will provide Payor may deliver such Officer’s Certificate as promptly as practicable after the Trustee with documentation reasonably satisfactory date that is 30 days prior to the Trustee evidencing the payment of Additional Amountsdate). The Trustee shall be entitled to rely absolutely solely, without further inquiry, on an such Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, shall make all withholdings and deductions (within the time period) required by law and shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor shall use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor shall furnish to the Trustee (or to a Holder upon request), within 60 days after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax receipts evidencing payment by the Issuer or a Guarantor, as the case may be, or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever Wherever in this Supplemental Indenture or the Notes there is mentioned, in any context, : (1) the payment of amounts based upon the principal amount principal; (2) purchase prices in connection with a purchase of the Notes or of principal, interest or of Notes; (3) interest; or (4) any other amount payable under, on or with respect to, to any Guarantee of the Notes or any Note Guaranteea Note, such mention reference shall be deemed to include mention of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) This The Payor will pay and indemnify the holders and beneficial owners of the Notes for any present or future stamp, transfer, issue, registration, court or documentary taxes, or any other excise, property or similar taxes or similar charges or levies (including any related interest, additions to tax or penalties with respect thereto) that arise in a Relevant Taxing Jurisdiction from the execution, delivery, enforcement or registration of, or receipt of payments with respect to, any Note, any Guarantee Note, this Supplemental Indenture, or any other document or instrument in relation thereto ( limited, solely to the extent of such taxes or similar charges or levies that arise from the receipt of any payments of on the Notes or any Guarantee, to any such taxes or similar charges or levies that are not excluded under clauses (i) through (iii) and (v) through (ix)) of Section 4.06 shall 404(a). (f) The foregoing obligations will survive any termination, defeasance or discharge of this Indenture, any transfer by a holder or beneficial owner of its Notes, Supplemental Indenture and will apply, apply mutatis mutandis, mutandis to any successor to any Payor and to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) Payor is incorporatedorganized, engaged in business, organized business for tax purposes or otherwise resident for tax purposes, or any jurisdiction from or through which any payment is made under under, or with respect to the Notes (or any Note Guarantee) Guarantees thereof is made by or on behalf of such Person andPayor, or, in each case, any political subdivision or governmental authority thereof or thereintherein having the power to tax.

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Sources: Eighth Supplemental Indenture (Graphic Packaging Holding Co)