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 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, 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 7 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 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; 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, the 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 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 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 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, 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, 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 . 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority mentioned in accordance with applicable law. The Issuer or the relevant Guarantor will 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 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 the Indenture or 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 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) The preceding obligations will survive any termination, defeasance or discharge of 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 (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 shall 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, the 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 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 will 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, the 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, will 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, will shall make all withholdings and deductions (within the time period) required by law and will shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will 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 will 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 the this Indenture or this Note 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) The preceding obligations will This Section 4.06 shall survive any termination, defeasance or discharge of the 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 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 shall equal 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 respective amounts that would have been received and retained United States in respect which the Company or any successor in accordance with the provisions of such payments 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 not be less than the 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, the 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 of 1986, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply withamended, 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 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 will 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, the 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, will 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 shall 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, the 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 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 will 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, the 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, will 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, will shall make all withholdings and deductions (within the time period) required by law and will shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will 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 will 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 the this Indenture or this Note 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) The preceding obligations will This Section 4.12 shall survive any termination, defeasance or discharge of the 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 shall equal 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, the 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 Internal Revenue Code of 1986, as amended (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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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 shall include 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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) 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 shall 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, 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 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 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 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 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 (including, but not limited to, the requirement to provide Internal Revenue Service Forms W-8BEN, Forms W-8BEN-E, 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, the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note GuaranteeInternal Revenue Code; (2viii) any Taxestax, 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 assessment or other governmental charge 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 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; (6ix) 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 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 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 (9x) any combination of clauses items (1i), (ii), (iii), (iv), (v), (vi), (vii), (viii) through and (8) ix) above. In addition ; nor shall any Additional Amounts be paid to any Holder that is not the foregoing, the Issuer and the Guarantors 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 sole beneficial owner of the Notes, or a portion of the Indenture, any Note Guarantee or any other document referred to thereinNotes, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 5 contracts

Sources: Supplemental Indenture (Thermo Fisher Scientific Inc.), Eighteenth Supplemental Indenture (Thermo Fisher Scientific Inc.), Supplemental Indenture (Thermo Fisher Scientific 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) 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 shall equal will 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, the 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 of 1986, as amended (the “Code”) or 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 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, 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)this 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the this Indenture or this Note 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) The preceding obligations described under this Section 3.12 will survive any termination, defeasance or discharge of the Indenture, any transfer by a holder or beneficial owner of its Notes, this 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 (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 shall 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, the Indenture Note or a Note Guaranteethis Indenture, 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 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 (9ix) any combination of clauses (1i) through (8) viii) above. In addition to the foregoing, the Issuer and the Guarantors will 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, the Indenture, any Note Guarantee this 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, will 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, will shall make all withholdings and deductions (within the time period) required by law and will shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will 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 will 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 the this Indenture or this Note 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) The preceding obligations will This Section 4.09 shall survive any termination, defeasance or discharge of the 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 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 shall equal (including any withholding or deduction attributable to the respective amounts that Additional Amounts) will be not less than the 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, the 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 Internal Revenue Code as of 1986, as amended the Issue Date (the “Code”) or 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 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, 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)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, will 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, will make all withholdings and deductions (within the time period) required by law and 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 will use its 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 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, 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 the Indenture or this Note 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) The preceding obligations provisions will survive any termination, defeasance or discharge of the Indenture, any transfer by a holder or beneficial owner of its Notes, this 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) 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 shall equal 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, the 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 Internal Revenue Code of 1986, as amended (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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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 shall include 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 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, the 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 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 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 shall 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, the 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 Internal Revenue Code of 1986, as amended (the “Code”b) 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 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, the 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will use its reasonable efforts 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 will 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 the this Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 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 shall 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, 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 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, the Indentureindenture, 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, 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, Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and 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 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 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 the Indenture or this Note 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) . The preceding above obligations will survive any termination, defeasance or discharge of 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) All payments made by the Company, the Guarantor or on the Company’s or the Guarantor’s behalf of the Issuer or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes Bonds or the Guarantee (including deliveries of Guarantor Shares, Reference Property and payment of cash for any Note Guarantee fractional share upon exchange) shall be made free without deduction or withholding for any and clear all present and future withholding taxes, levies, imposts and charges (a “withholding tax”) imposed by or for the account of and without withholding or deduction forthe Cayman Islands, 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 Switzerland 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 either the Issuer Company or any the Guarantor is or was incorporated, engaged in business, organized or a resident for tax purposes or any political subdivision thereof or therein taxing authority of such jurisdiction (the “Taxing Jurisdiction”), unless such withholding or (2) deduction is required by law. If such deduction or withholding is at any jurisdiction from or through which any payment is made by or on behalf of the Issuer or any Guarantor (including, without limitationtime required, 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 Company or the relevant Guarantor, as applicable, shall will, to the fullest extent allowed by law (subject to compliance by the holder of a Bond with any relevant administrative requirements), pay such additional amounts (the “Additional Amounts”) under the Bonds, including deliveries of Guarantor Shares, Reference Property and payment of cash for any fractional share upon exchange, in accordance with the terms of the Bonds and this Indenture, 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 paid to the holder or the Trustee after such deduction or withholding or deduction shall 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, however, that no neither the Company nor the Guarantor will pay Additional Amounts shall be payable with respect toin the following instances: (i) if any withholding tax would not be payable or due but for the fact that (1) the Holder (or a fiduciary, settlor, beneficiary of, member or shareholder of, the Holder, if the 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 Taxing Jurisdiction or otherwise having some present or former connection with the Taxing Jurisdiction other than the holding or ownership of the Bond or the collection of principal amount, Tax Event Repurchase Price, Change of Control Event Repurchase Price, Listing Failure Event Repurchase Price or of any Taxesother amount payable under the Bonds, to in accordance with the extent terms of the Bonds and this Indenture, or the enforcement of the Bonds or (2) where presentation is required, the Bond was presented more than 30 days after the date such Taxes payment became due or was provided for, whichever is later; (ii) if any withholding tax 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, 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 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 NotesBond, 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 if this compliance is required by statute, treaty, statute or by regulation or administrative practice of a Tax Jurisdiction, as a precondition to relief or exemption from, or reduction in the rate of deduction or from such 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 documentationtax; (6iii) if any Taxes imposed withholding tax would not be payable but for a Tax Event and the Company has made a Tax Event Offer to Repurchase as contemplated by Article 15 of this Indenture; (iv) if any withholding tax is required to be made in connection with a Note presented respect of payments made to Holders resident in Switzerland (including any Holders who fail to provide required certification, documentation or other information establishing residence outside of Switzerland) pursuant to laws enacted by Switzerland providing for payment (where presentation is permitted or required for payment) by or on behalf the taxation of a holder or beneficial owner payments according to principles similar to those laid down in the draft legislation of the Notes to the extent such Taxes could have been avoided by presenting the relevant Note toSwiss Federal Council of December 17, 2014, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect changing the Swiss federal withholding tax system from an issuer-based system to any payment by the Issuer or any of the Guarantors a paying agent-based system to the holder of the Notes if such holder is which a fiduciary or partnership or any person other than the sole beneficial owner of such payment issuer is required to the extent that such Taxes would not have been imposed withhold tax 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)interest payment; or (9v) any combination of clauses (1) through (8) abovethe above items. In addition to the foregoing, the Issuer and the Guarantors will Company shall also pay and indemnify the holder Holder for any present or future stamp, stamp duty, stamp duty reserve tax, issue, registration, value added, transfer, court or documentary Taxestaxes, or any other excise or property taxes, charges or similar levies (including penalties, interest and interest, additions to tax Tax and other liabilities related thereto) which that are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the NotesBonds, the IndentureGuarantee, any Note Guarantee this Indenture or any other document or instrument referred to therein, or the receipt of any payments with respect theretoto, 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)Bonds. (b) If the Issuer Company or any Guarantor, as the case may be, Guarantor becomes aware that it the Company or the Guarantor will be obligated to pay Additional Amounts with respect to any payment under or with respect to the Notes Bonds or any Note the Guarantee, the Issuer or the relevant Guarantor, as the case may be, will Company 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 Company shall notify the Trustee promptly thereafter) an Officer’s Certificate notice stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate notice must also set forth any other information reasonably necessary to enable the Paying Agents Trustee to pay Additional Amounts to Holders of the Bonds 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 Additional Amounts. The Neither the Trustee nor the Paying Agent shall at any time be entitled under any duty or responsibility to rely absolutely on an Officer’s Certificate as conclusive proof that any Holder of Bonds to determine Additional Amounts, or with respect to the nature, extent, or calculation of the amount of Additional Amounts owed, or with respect to the method employed in such payments are necessarycalculation of Additional Amounts. (c) The Issuer Company or the relevant Guarantor, if it is the applicable withholding agentas appropriate, will shall timely make all withholdings and deductions (within the time period) required by law and will shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 will Company shall furnish to the Trustee (or to a Holder of the Bonds upon request), 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 Company or a the Guarantor, as the case may beappropriate, or if, notwithstanding such entity’s efforts to obtain receipts, if receipts are not obtainedreasonably available, other evidence of payments (payment reasonably satisfactory to the Trustee) by such entity. (d) Whenever in the this Indenture or this Note there is mentioned, in any context, the delivery of Guarantor Shares or other Reference Property (together with payment of cash for any fractional shares), payment of amounts based upon the principal amount of the Notes Bonds or of principal, interest interest, Tax Event Repurchase Price, Change of Control Event Repurchase Price, Listing Failure Event Repurchase Price or of any other amount payable under, or with respect to, any of the Notes or any Note Guarantee, Bonds such mention shall be deemed to include mention of the payment of Additional Amounts to the extent thatAmounts, in such context, Additional Amounts are, were or would be payable in respect thereofif applicable. (e) The preceding obligations will under this Section 4.11 shall survive any termination, defeasance termination or discharge of the Indenture, any transfer by a holder or beneficial owner of its Notes, Indenture and will shall apply, mutatis mutandis, to any jurisdiction in which any successor Person to the Issuer (Company or any Guarantor) the Guarantor is incorporatedorganized, engaged in business, organized resident or resident doing business 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 or its paying agent makes any payment on the Bonds and, in each case, any department or political subdivision thereof or therein.

Appears in 3 contracts

Sources: Indenture (Transocean Ltd.), Indenture (Transocean Inc), Indenture (Transocean Inc)

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 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, Note or the Indenture or a Note GuaranteeIndenture, 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 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, the 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 (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, 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, will make all withholdings and deductions (within the time period) required by law and 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 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 shall 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, the Indenture Note or a Note Guaranteethis Indenture, 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 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 (9ix) any combination of clauses (1i) through (8) viii) above. . (b) In addition to the foregoing, the Issuer and the Guarantors 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, the 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, 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, Company will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the this Indenture or this Note 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) The preceding obligations This Section 4.07 will survive any termination, defeasance or discharge of the 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 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 shall 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, the 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, or reduction in (2) the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction Holder (including, without limitation, a certification that the holder or beneficial owner owner) is not resident in able to comply with these requirements without undue hardship and (3) the Tax Jurisdiction), but in each case, only to Issuer has given the extent the holder Holders (or beneficial owner is legally eligible owners) at least 30 calendar days prior notice that they will be required to provide comply with such certification or documentationrequirement; (6iv) any Taxes imposed in connection with a the event that the Holder fails to surrender (where surrender is required) its Note presented 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 (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 owner) would have been avoided by presenting entitled had the relevant Note to, or otherwise accepting payment from, another Paying Agentbeen surrendered on the last day of such 30-day period; (7v) 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 Noteare estate, inheritance, gift, personal property, excise, transfer, use or sales or any similar Taxes; (8) any vi) where such Taxes that are imposed on or in respect of any Note pursuant to current Section sections 1471 through to 1474 of the U.S. Internal Revenue Code of 1986, as amended (the “Code”) ), any successor law or any amended regulation implementing or complying with, or introduced in order to conform to, such sections (to the extent each successor version that law or regulation is substantively comparable and not materially more onerous to comply with, any regulations promulgated thereunder, any official interpretations thereof, than such sections as enacted on such date) or 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 agreement entered into pursuant to current Section section 1471(b)(1) of the Code Code; (vii) to the extent that such Taxes are imposed or withheld in connection with the presentation of any amended note for payment by or successor version described above)on behalf of a holder or beneficial owner of such notes who would have been able to avoid such Taxes by presenting the relevant note to, or accepting payment from, another Paying Agent; or (9viii) any combination of clauses items (1i) through (8) vii) above. In addition to the foregoing, the Issuer and the Guarantors 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, 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 No Additional Amounts will be paid to a Holder that is a fiduciary or a partnership or not the sole beneficial owner of such payment to the extent that a beneficiary or settlor with respect to such fiduciary, a member of such partnership or such beneficial owner would not have been entitled to receive the Additional Amounts had such beneficiary, settlor, member or beneficial owner been the Holder. (c) 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, will 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, will make all withholdings and deductions (within the time periodother reasonable documentation) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will 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 will 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 the Indenture or this Note 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) The preceding obligations will survive Issuer shall pay any terminationstamp, defeasance issue, registration, documentary or discharge other similar taxes and duties, including interest and penalties, imposed by a Taxing Jurisdiction in respect of the Indenturecreation, any transfer by a holder 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 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 shall 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, 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 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, 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, 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, Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and 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 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 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 the Indenture or this Note 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) The preceding obligations and (f) of the Indenture will survive any termination, defeasance or discharge of 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 (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 shall 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, 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 shall equal of such Taxes will 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, the 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; (8) 7) any Taxes that are imposed on a payment to an individual and required to be made pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended European Council Directive 2003/48/EC (the “CodeDirective”) or any amended law implementing or successor version that is substantively comparable and not materially more onerous to comply complying with, or introduced in order to conform to, the Directive; (8) any regulations promulgated thereunderNote presented for payment by, any official interpretations thereofor on behalf of, any intergovernmental agreement between a non-U.S. jurisdiction and Holder who would have been able to avoid such Taxes by presenting the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant relevant note to current Section 1471(b)(1) another Paying Agent in a Member State 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 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, 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, The foregoing provisions shall 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, will 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or this Note 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) . The preceding obligations Company and the Guarantors will survive 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 the Indenture, any transfer by a holder or beneficial owner of its 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 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 shall equal of such Taxes will 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, the 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; (8) 7) any Taxes that are imposed on a payment to an individual and required to be made pursuant to current Section 1471 through 1474 of the Internal Revenue Code of 1986, as amended European Council Directive 2003/48/EC (the “CodeDirective”) or any amended law implementing or successor version that is substantively comparable and not materially more onerous to comply complying with, or introduced in order to conform to, the Directive; (8) any regulations promulgated thereunderNote presented for payment by, any official interpretations thereofor on behalf of, any intergovernmental agreement between a non-U.S. jurisdiction and Holder who would have been able to avoid such Taxes by presenting the United States (or any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into pursuant relevant note to current Section 1471(b)(1) another Paying Agent in a Member State 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 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, 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, The foregoing provisions shall 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, will 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the this Indenture or this Note 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) . The preceding obligations Company and the Guarantors will survive 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 the Indenture, any transfer by a holder or beneficial owner of its 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) 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 shall 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, the 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 Internal Revenue Code as of 1986, as amended the date of the initial issuance of the Notes (the “Code”) 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 any Foreign 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 or taxes levied by any jurisdiction on the execution, delivery, issuance, registration or registration enforcement of any of the Notes, any Guarantee (other than on or in connection with a transfer of the Indenture, any Note Guarantee 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, 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, Foreign Guarantor will make all withholdings and deductions (within the time period) required by law and 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 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 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 the Indenture or this Note 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) . The preceding obligations obligation set forth in this Section 2.5 will survive any termination, defeasance or discharge of the Indenture, 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 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 shall 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, the Indenture Note or a Note Guaranteethis Indenture, 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 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 (9ix) any combination of clauses (1i) through (8) viii) above. In addition to the foregoing, the Issuer and the Guarantors will 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, the Indenture, any Note Guarantee this 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, will 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, will shall make all withholdings and deductions (within the time period) required by law and will 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 will 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 will 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 the this Indenture or this Note 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) The preceding obligations will This Section 4.09 shall survive any termination, defeasance or discharge of the 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 shall (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, the Indenture or a Note Guarantee, 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 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 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 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 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, . Copies of such documentation shall be available for inspection during ordinary business hours at the Indenture, 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, 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 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 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 the Issuer any such Additional Taxing Jurisdiction (or a Guarantor, as the case may be, any political subdivision thereof 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 taxing authority therein). Wherever in the Indenture Indenture, the Senior Notes or this Note the 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) 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 preceding foregoing obligations will shall survive any termination, defeasance or discharge of the 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) 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, 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 shall 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, 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 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, 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, will 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 shall 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, 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 exceptions above); or (9) any combination of clauses (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors 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, 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 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 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 deducted to the Notes 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 such 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 any Note Guarantee, the Issuer or the relevant Guarantorother documentation, as the case may be, will deliver be made available to the Securityholders. (c) At least 10 Business Days prior to the first interest payment date for the Securities, and, if there has been any change with respect to the matters set forth in the below-mentioned Officers’ Certificate, at least 10 Business Days prior to each interest payment date for the Securities, the Company shall 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, will make all withholdings Securities and deductions this Indenture. (within e) If the Company shall at any time period) be required by law and will 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 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 will 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 the this Indenture or this Note 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) The preceding obligations will survive any terminationthereof pursuant to such terms, defeasance or discharge and express mention of the Indenture, payment of Additional Amounts (if applicable) in any transfer by a holder or beneficial owner provision hereof shall not be construed as excluding the payment of its Notes, and will apply, mutatis mutandis, to any jurisdiction 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 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 (including any such deduction or withholding from such Additional Amounts), shall equal 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, the 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 Internal Revenue Code of 1986Code, as amended of the date of the Offering Memorandum (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, 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 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, 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 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, will 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 promptly as practicable thereafter). Wherever in this Indenture, the Securities or the relevant Guarantor, if it is the applicable withholding agent, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or this Note 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) other than a transfer of the Securities occurring after the initial resale). The preceding foregoing obligations will shall survive any termination, defeasance or discharge of the Indenture, any transfer by a holder or beneficial owner of its Notes, this 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 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 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, the 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 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 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 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 sole beneficial owner of the Notes, or a portion of the Indenture, any Note Guarantee or any other document referred to thereinNotes, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 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 shall (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, the 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 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 (9viii) any combination of clauses items (1) through (8) 7) above. . (b) In addition to the foregoing, the Issuer and the Guarantors 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, the 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, 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, Guarantor will make all withholdings and deductions (within the time period) required by law and 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 will use its reasonable efforts 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 will furnish 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 the this Indenture or 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. (ef) The preceding obligations set forth in this Section 4.17 will survive any termination, defeasance or discharge of the Indenture, this 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 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 shall equal will 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, the 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 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 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 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 relevant Note to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, 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 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, 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, will make all withholdings or deduction and deductions (within the time periodii) required by law and will 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 will 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 will 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 the this Indenture or this Note 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) 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 obligations provisions of this Section 2.13 will survive any termination, defeasance or discharge of the Indenture, any transfer by a holder or beneficial owner of its Notes, this 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 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 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, 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 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 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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 thathad such beneficiary, in such contextsettlor, Additional Amounts are, were or would be payable in respect thereof. (e) The preceding obligations will survive any termination, defeasance or discharge of the 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 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 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 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, the 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 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 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 will also 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 IndentureGuarantees, any Note Guarantee this 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 . Whenever in this Indenture there is mentioned in 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, 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 context: 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 principal, redemption prices or the relevant Guarantorpurchase prices in connection with a redemption or purchase of Notes, if it is the applicable withholding agent, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 beinterest, 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 the Indenture or 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, 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) . The preceding obligations described under this Section 4.19 will survive any termination, defeasance or discharge of the 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 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 withholding, shall equal 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, the 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 Internal Revenue Code Securities. (Sections 205, 803 and 1004). The foregoing provisions shall apply mutandis mutandis to any withholding or deduction for or on account 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 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, 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, the 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, 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, whenever 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the this Indenture or this Note 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) The preceding obligations will survive any termination, defeasance or discharge thereof pursuant to the provisions of this Section and express mention of the Indenturepayment 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) 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 shall 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, the 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 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 (9ix) any combination of clauses (1‎‎(i) through (8) ‎‎(viii) above. In addition to the foregoing, the Issuer and the Guarantors 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, 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, will 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, will shall make all withholdings and deductions (within the time period) required by law and will shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will 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 will 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 the this Indenture or this Note 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) The preceding obligations will This ‎‎Section 4.12 shall survive any termination, defeasance or discharge of the 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 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 shall (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, the 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 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 Additional Amounts by reason of clauses (1) through to (8) inclusive above. In addition to the foregoingUpon request, the Issuer and the Guarantors 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, 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, 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 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, will make all withholdings and deductions (within the time period) required by law and will 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 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 will 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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: 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 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 shall 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, 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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: 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 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 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, if such compliance is required by statute, treaty, regulation or administrative pronouncement as a precondition to relief or exemption from such Tax and if the Indenture Issuers or any Guarantor has provided the beneficial owner or its nominee with a Note Guaranteewritten 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 Internal Revenue Code of 1986beneficiary, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply withsettler, 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of the 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 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 shall 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, the 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 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)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 will also Section 10.19: “The Company shall 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, the 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, 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 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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) provided in this paragraph paid by such entity. (d) Whenever in the Indenture or this Note 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) The preceding obligations will survive any termination, defeasance or discharge of 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: 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 shall 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, 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 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, 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, will 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 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, 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and 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 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 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, 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 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, 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 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 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 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, 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 Guaranteelaw, the Issuer or the relevant Guarantor, as the case may be, shall pay such additional amounts (“Additional Amounts”) as will deliver 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will use its shall 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 will 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 the this Indenture or this Note 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) (“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 preceding obligations will set forth in this Section 5.22 shall survive any termination, defeasance termination or satisfaction and discharge of 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: Trust Indenture (Wall2wall Media Inc.), Trust Indenture (Wall2wall Media Inc.)

Additional Amounts. (a) All payments made by or on behalf Unless otherwise specified in any Officer's Certificate of the Issuer Company setting forth the terms of Securities of a series in accordance with Section 301, if any deduction 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, for any present or future Taxes unless the withholding taxes, assessments or deduction other governmental charges of such Taxes is then required by law. If the IssuerThe Netherlands, The Hellenic Republic or, if applicable, any Guarantor other jurisdiction, (including any political subdivision or any other applicable withholding agent is required by law to withhold taxing authority thereof 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 Statestherein) in which either the Issuer Company or the Guarantor is incorporated shall at any time be required by such jurisdictions (or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any such 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 thereof or therein (each of (1) and (2), a “Tax Jurisdiction”therein) in respect of any payments under amounts to be paid by the Company or with respect the Guarantor relating to principal of or interest on a Security of any series or the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumGuarantees thereon, the Issuer Company or the relevant Guarantor, as applicablethe case may be, shall will pay as additional interest to the Holder of such Security such additional amounts (the “Additional Amounts”) amounts, as may be necessary in order that the net amounts received and retained in respect paid to such Holder pursuant to the terms of such payments by each beneficial owner of Notes the Security or the Guarantees, after such withholding deduction or deduction withholding, shall equal the respective be not less than such additional amounts that as such Holder would have been received and retained in respect of such payments in the absence of such withholding or deductionotherwise be entitled to receive; provided, however, that no Additional Amounts such additional amounts shall be payable only to Holders (a) that are not resident in The Netherlands for purposes of its tax, (b) that are not resident in The Hellenic Republic for purposes of its tax and do not have a Greek Tax Registration Number (AFM), and (c) if applicable, that are not resident for tax purposes and are not registered with respect tothe tax authorities in any other applicable jurisdiction (or any such political subdivision or taxing authority thereof or therein) in which the Company or the Guarantor or any successor thereto may be incorporated; and provided, further, that neither the Company nor the Guarantor shall be required to make any payment of additional amounts for or on account of: (1) any Taxestax, to the extent such Taxes assessment or other governmental charge which would not have been imposed but for 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 applicable jurisdiction, or any political subdivision or territory or possession thereof or therein 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, treated as a resident thereof or incorporated, there 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 Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee;permanent establishment therein, (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, transfer, stamp, personal property or similar Taxes;tax, assessment or other governmental charge, (3) any tax, assessment or other governmental charge which is payable other than by withholding from payments of (or in respect of) principal of, premium, if any or any interest on, the Securities, (4) any Taxes payable tax, assessment or other than governmental charge required to be withheld by deduction or withholding any Paying Agent from payments underany payment of principal, premium, if any, or with respect toany interest on, the Notes or any Note Guarantee;Security, if such payment can be made without such withholding by any other Paying Agent, (5) any Taxes to the extent such Taxes tax, assessment or other governmental charge which would not have been imposed or withheld but if such Holder had made a timely and accurate declaration of non-residence or other similar claim for exemption or present any applicable form or certificate, upon the failure making or presentation of the holder which that Holder would either have been able to avoid such tax, assessment or beneficial owner charge or to obtain a refund of the Notessuch tax, following the Issuer’s reasonable written request addressed assessment or charge, including certification or documentation to the holder at least 60 days before any effect that 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 a resident in and lacks other connections with the Tax Jurisdiction)applicable jurisdiction, but in each caseas the case may be, only or had made any other declaration or satisfied any other information requirements required to the extent the holder avoid such tax assessment or beneficial owner is legally eligible to provide such certification or documentation;other governmental charge, (6) any Taxes tax, assessment or other governmental charge which would not have been imposed in connection with but for the presentation of a Note presented for payment Security (where presentation is permitted required) for payment on a date more than 30 days after the date on which such payment became due and payable or required for payment) by or the date 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 towhich payment thereof was duly provided for, or otherwise accepting payment from, another Paying Agent;whichever occurred later, (7) any Taxes imposed on payment under or with respect to a Security 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 or partnership or any person other than the sole beneficial owner of such payment or Security, to the extent that a beneficiary or settlor with respect to such Taxes fiduciary, a member of such partnership or the beneficial owner of such payment or Security 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;Security, (8) any Taxes that are imposed withholding tax required to be deducted by the Company or the Guarantor from any amounts to be paid by Company or the Guarantor under the Securities or the Guarantees, as the case may be, pursuant to current Section 1471 through 1474 the European Union Directive on the taxation of savings implementing the conclusions of the Internal Revenue Code European Council of 1986Economic and Finance Ministers ("ECOFIN") meeting on June 3, as amended (the “Code”) 2003, or any amended law implementing or successor version that is substantively comparable and not materially more onerous to comply complying with, any regulations promulgated thereunderor introduced in order to conform to, any official interpretations thereofsuch Directive, 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 the items (1), (2), (3), (4), (5), (6), (7) through and (8) above. In addition If applicable to the foregoingrelevant series of Securities, the Issuer and the Guarantors will also pay and indemnify the holder foregoing provisions shall apply mutatis mutandis to any withholding or deduction for or on account of any present or future stamptaxes, issue, registration, value added, transfer, court assessments or documentary Taxesgovernmental charges of whatever nature of any jurisdiction in which any successor Person to the Company or the Guarantor is organized, or any other excise political subdivision or property taxestaxing authority thereof or therein; provided, charges further, however, that such payment of additional amounts may be subject to such further exceptions as may be established in the terms of such Securities or similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction on Guarantees. If the execution, delivery, issuance, or registration of any terms of the NotesSecurities of a series provide for the payment of additional amounts, 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 at least 10 days prior 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 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 premium is made), and at least 10 days prior to each date of payment under of principal and any premium or interest if there has been any change with respect to the Notes matters set forth in the below-mentioned Officer's Certificate, the Company will furnish the Trustee and the Company's principal Paying Agent or Paying Agents, if other than the Trustee, with an Officer's Certificate instructing the Trustee and such Paying Agent or Paying Agents whether such payment of principal and any Note Guaranteepremium or interest on the Securities of that series shall be made to Holders of Securities of that series without withholding for or on account of any tax, assessment or other governmental charge described in the Securities of that series. If any such withholding shall be required, then such Officer's Certificate shall specify by country the amount, if any, required to be withheld on such payments to such Holders, specify by country any additional amounts payable and the Issuer or the relevant Guarantor, as the case may be, will deliver pay to the Trustee on a date that is at least 30 days prior or such Paying Agent or Paying Agents the additional amounts required by this Section. Each of the Company and the Guarantor covenant to the date indemnify each 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 any Paying Agent for, and 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 hold each 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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 tothem harmless against, any loss, liability or expense reasonably and properly on their part arising out of the Notes or in connection with actions taken or omitted by any Note Guaranteeof them in reliance on any Officer's Certificate furnished pursuant to this Section, such mention shall be deemed to include mention of the payment of Additional Amounts except to the extent thatthat any such loss, in such context, Additional Amounts are, were liability or would be payable in respect thereofexpense is due to its own negligence or bad faith. (e) The preceding obligations will survive any termination, defeasance or discharge of 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 (Coca-Cola Hellenic Bottling Co Sa), Indenture (Coca-Cola Hellenic Bottling Co Sa)

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 shall 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, the 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 amended, and the regulations promulgated thereunder (“FATCA”), the “Code”) 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 will also each Guarantor shall 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, the 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, will 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, will shall make all withholdings and deductions (within the time period) required by law and will 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 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 will 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 the this Indenture or this Note 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) The preceding obligations will survive any termination, defeasance or discharge of 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, Indenture

Additional Amounts. (a) All payments and deliveries made by by, or on behalf of of, the Issuer Company or any of successor to the Guarantors (including, in each case, any successor entity) Company under or with respect to this Indenture and the Notes, including, but not limited to, payments of the Accreted Principal Amount, the Fundamental Change Repurchase Price or the Redemption Price, payments of interest, including any additional interest, payments of cash upon conversion of the Notes or and deliveries of Ordinary Shares (together with payments of cash in lieu of any Note Guarantee fractional Ordinary Share) upon conversion of the Notes, 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”) imposed or levied by or within any jurisdiction in which the Company or any successor to the Company is organized or resident for tax purposes, maintaining a permanent establishment, or doing business or through which payment or deliveries is made or deemed made (or any political subdivision or taxing authority thereof or therein) (each, as applicable, a “Relevant Taxing Jurisdiction”), unless the such withholding or deduction of such Taxes is then required by law. If In the Issuerevent that any such withholding or deduction is so required, other than any Guarantor such 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 that is imposed in connection with payments of cash upon conversion of the Notes or levied by or on behalf deliveries of (1) Ordinary Shares, together with payments of cash in lieu of any jurisdiction fractional Ordinary Share, upon conversion of the Notes (other than any de minimis amount of withholding or deduction in the United States) in which nature of the Issuer costs of issuance of Ordinary Shares), the Company 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 successor 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, Company shall pay to each Holder 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 the Holder or beneficial owner of Notes after such withholding or deduction (and after deducting any Taxes on the Additional Amounts) shall equal the respective amounts that would have been received and retained in respect of by such payments in the absence of Holder or beneficial owner had no such withholding or deductiondeduction been required; provided, however, provided that no Additional Amounts shall be payable with respect topayable: (1i) for or on account of: (A) any Taxestax, to the extent such Taxes duty, assessment or other governmental charge that would not have been imposed but for for: (1) the holder existence of any present or former connection between the Holder or beneficial owner of such Note and the Notes (Relevant Taxing 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 national, domiciliary or resident of such Relevant Taxing 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, the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guaranteethereunder; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a such Note for payment (where in cases in which presentation is required) more than 30 days after the relevant later of the date on which the payment is first made available for of the Accreted Principal Amount, the Fundamental Change Repurchase Price or the Redemption Price, as applicable, with respect to, and interest on, such Note, together with payments of cash and the delivery of Ordinary Shares (together with payment of cash in lieu of any fractional Ordinary Share) upon conversion of such Note became due and payable pursuant to the holder terms thereof or was made or duly provided for; or (except 3) the failure of the Holder or beneficial owner to comply with a reasonable and timely request from the Company or any successor of the Company, addressed to the Holder or beneficial owner, as the case may be, to provide certification, information, documents or other evidence concerning such H▇▇▇▇▇’s or beneficial owner’s nationality, residence, identity or connection with the Relevant Taxing Jurisdiction, or to make any declaration or satisfy any other reporting requirement relating to such matters, if and to the extent that due and timely compliance with such request is required by statute, regulation or administrative practice of the holder Relevant Taxing Jurisdiction in order to reduce or eliminate any withholding or deduction as to which Additional Amounts would have otherwise been payable to such Holder and only if and to the extent that such Holder or beneficial owner is legally entitled to Additional Amounts had the Note been presented on the last day of provide such 30 day period)information or documentation or to make such declaration or claim or to satisfy such requirement; (3B) any estate, inheritance, gift, sale, transfer, personal property or similar Taxestax, assessment or other governmental charge; (4C) any Taxes tax, duty, assessment or other governmental charge that is payable other otherwise 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 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 NoteNotes; (8) D) any Taxes that are imposed combination of taxes, duties, assessments or other governmental charges referred to in the preceding clauses (A), (B) or (C); (E) any taxes imposed, withheld or deducted 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 of such sections that is substantively comparable and not materially more onerous to comply withsubstantially comparable) (the “Code”), any current or future regulations promulgated thereunder, any official interpretations thereof, thereof or agreements (including any intergovernmental agreement between a non-U.S. jurisdiction and the United States (or any related law laws, rules or administrative practices implementing such intergovernmental agreement) entered into in connection therewith or procedures) implementing the foregoing or otherwise pursuant to any agreements entered into pursuant to current described in Section 1471(b)(11471 (b) of the Code Code; or (F) any taxes imposed, withheld or deducted pursuant to the Dutch Withholding Tax Act 2021 (Wet bronbelasting 2021), as amended (or any amended or successor version described aboveof the Dutch Withholding Tax Act 2021), and any current or future regulations thereunder and official interpretations thereof; or (9G) any combination taxes that were imposed with respect to any payment of clauses (1) through (8) above. In addition the Accreted Principal Amount, the Fundamental Change Repurchase Price or the Redemption Price, as applicable, with respect to, and interest on, such Note if the Holder is a fiduciary, partnership or person other than the sole beneficial owner of that payment to the foregoing, extent that no Additional Amounts would have been payable had the Issuer and the Guarantors 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 beneficial owner of the Notesapplicable Note been the Holder of such Note. For the avoidance of doubt, no Additional Amounts will be payable in the Indenture, any Note Guarantee case of withholding or any other document referred to therein, or the receipt deduction that is imposed in connection with payments of any payments with respect thereto, or enforcement of, any cash upon conversion of the Notes or deliveries of Ordinary Shares, together with payments of cash in lieu of any Note Guarantee fractional Ordinary Share (limited, solely other than any de minimis amount of withholding or deduction in the case nature of Taxes attributable to the receipt costs of any payments, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1issuance of Ordinary Shares) through (3) or (5) through (9) above or any combination thereof)upon conversion of the Notes. (b) 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 or delivery under or with respect to the Notes or any Note GuaranteeNotes, the Issuer or the relevant Guarantor, as the case may be, Company will timely 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 dateTrustee, 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 or the Conversion Agent, as the case may be, to pay Additional Amounts to Holders Holder on the relevant payment date. The Issuer or the relevant Guarantor Trustee shall be entitled to rely solely on such Officer’s Certificate as conclusive proof that such payments are necessary. The Company 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, Company will make all withholdings and deductions (within the time period) required by law and will timely remit the full amount deducted or withheld to the relevant Tax taxing authority in accordance with applicable law. The Issuer or the relevant Guarantor Company will use its reasonable efforts to obtain Tax tax receipts from each Tax taxing authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor will withheld and timely 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, Holders certified copies of Tax tax receipts evidencing payment by the Issuer Company. In the event that (i) the taxing authority of a Relevant Taxing Jurisdiction determines that amounts should have been withheld or a Guarantor, as the case may be, deducted in respect of any payments or if, notwithstanding such entity’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory deliveries under or with respect to the Notes in excess of any amounts that were actually withheld or deducted by the Company or its successor, and (ii) the Company or its successor would have been required to pay Additional Amounts if such amounts had been withheld or deducted, then the Company or its successor shall indemnify each Holder and beneficial owner of the Notes and the Trustee) by , on an after-Tax basis, for any and all losses incurred as a result of the Company’s failure to make such entitywithholdings and deductions and to pay Additional Amounts (including any Additional Amounts). (d) Whenever Any reference in the this Indenture or this Note there is mentioned, the Notes in any context, context to the payment of amounts based upon the principal amount of Accreted Principal Amount, the Notes Fundamental Change Repurchase Price or of principalthe Redemption Price, interest or of any other amount payable under, or with respect to, any of the Notes or and interest on, any Note Guarantee, such mention shall be deemed to include mention of any Additional Amounts, 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 thereofthis Section 3.09. (e) The preceding Company or any successor to the Company will promptly pay when due and indemnify the Holder or beneficial owner for any present or future stamp, court or documentary Taxes or any other excise or property Taxes, charges or similar levies that arise in any taxing jurisdiction from the execution, delivery or registration or enforcement of each Note or any other document or instrument referred to herein or therein or the receipt of any payments with respect thereto. (f) The foregoing obligations will shall survive any termination, defeasance or discharge of the this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, for the avoidance of doubt, to any jurisdiction in which any successor Person to the Issuer (or any Guarantor) Company is then incorporated, engaged in businessorganized, organized or resident for tax purposes, or engaged in business or any jurisdiction from or through which any payment or deliveries is made under or with respect to the Notes (or any Note Guarantee) by or on behalf of such Person and, in each case, deemed made and any political subdivision or taxing authority or agency thereof or thereintherein having the power to tax, or the earlier resignation or removal of the Trustee.

Appears in 2 contracts

Sources: Indenture (Nebius Group N.V.), Indenture (Nebius Group N.V.)

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 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, 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 Internal Revenue Code of 1986Notes by the Company or the Note Guaranty by the Guarantor (or their successors) will be deemed also to 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 6. The Company, or the Guarantor, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply withapplicable, 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 will also 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, 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) 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, 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 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 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations foregoing obligation will survive any termination, defeasance termination or discharge of 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 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 shall 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, the Indenture 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, required pursuant 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 Sections 1471 through 1747 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 Code as 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; Issue Date (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 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 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, 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, 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, agent will (i) make all withholdings any required withholding or deduction; and deductions (within the time periodii) required by law and will 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 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 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, 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 the this Indenture or this Note 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) The preceding obligations 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 the 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 shall 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, the 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 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)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 will also Section 10.19: “The Company shall 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, the 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, 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 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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) provided in this paragraph paid by such entity. (d) Whenever in the Indenture or this Note 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) The preceding obligations will survive any termination, defeasance or discharge of 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: 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 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 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, 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 shall (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, the Indenture or a Note Guarantee, 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 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 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 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 the foregoing, the Issuer and the Guarantors 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 payment of Additional Amounts by any jurisdiction on the execution, delivery, issuance, or registration reason of any of the Notes, 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 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, will 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 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, receipts are not obtained, other evidence “Taxes” included taxes imposed by way of payments deduction or withholding by any such Additional Taxing Jurisdiction (reasonably satisfactory to the Trustee) by such entity. (d) Whenever or any political subdivision thereof or governmental authority therein). Wherever in the Indenture Indenture, the Senior Notes or this Note the 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) 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 preceding foregoing obligations will shall survive any termination, defeasance or discharge of the 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) 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 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 shall 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, 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 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, 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, 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, Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and 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 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 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 the Indenture or this Note 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) The preceding obligations and (f) of the Indenture will survive any termination, defeasance or discharge of 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 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 shall 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, the 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 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 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 . (b) The relevant Foreign Guarantor will also 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, the 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Foreign Guarantor 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 will 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 (Neiman Marcus Group LTD LLC), Indenture (Neiman Marcus Group LTD LLC)

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 shall (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, the 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 (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, the 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, 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, Guarantor will make all withholdings and deductions (within the time period) as required by law and 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 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 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 the this Indenture or this Note in the “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) The preceding above obligations will survive any termination, defeasance or discharge of the 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 shall 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, the Indenture such Note Guarantee or a Note Guaranteethis Indenture, 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 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 (9ix) any combination of clauses (1‎‎(i) through (8) ‎‎(viii) above. In addition to the foregoing, the Issuer and the Guarantors 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, the 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, will 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, will shall make all withholdings and deductions (within the time period) required by law and will shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will 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 will 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 the this Indenture or this Note 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) The preceding obligations will This ‎‎Section 4.12 shall survive any termination, defeasance or discharge of the 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 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 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, the 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 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 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 will 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 Indenturefull amount of such moneys having been so received, any Note Guarantee or any other document referred notice 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 that effect is duly given to the receipt of any payments, to any such Taxes imposed Holders 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 accordance with respect to any payment under or with respect to the Notes or any Note Guarantee, the this Indenture. The Issuer or the relevant Guarantor, as the case may be, will deliver to the Trustee on make any required withholding or deduction of taxes, duties, assessments or 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 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, will make all withholdings and deductions (within the time period) required by law Tax Jurisdiction and will 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 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 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 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, the Indenture Notes or this Note the 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) The preceding obligations will survive any terminationthereof pursuant to the provisions of this Section 9.5, defeasance or discharge and express mention of the Indenture, payment of Additional Amounts (if applicable) in any transfer by a holder provisions hereof or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction 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 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 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, the 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 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 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, 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, 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 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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.vote;

Appears in 2 contracts

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

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 shall 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, the 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 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 (9ix) any combination of clauses (1i) through (8) viii) above. In addition to the foregoing, the Issuer and the Guarantors will 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, the 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, will 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, will shall make all withholdings and deductions (within the time period) required by law and will 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 will 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 will 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 the this Indenture or this Note 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) The preceding obligations will This Section 4.10 shall survive any termination, defeasance or discharge of the 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 shall 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, Note or under a Guarantee of the Indenture or a Note Guarantee, 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 Internal Revenue Code of 1986beneficial owner owning or having owned, as amended actually or constructively (the “Code”i) or 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 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, the Indentureindenture, 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, 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, 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 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 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 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 the this Indenture or 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 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) The preceding obligations provisions of this Section 5.20 will survive any termination, defeasance or discharge of this Indenture or any Guarantee of the IndentureNotes, 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 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 shall 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, 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 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, 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, 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, Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and 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 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 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 the Indenture or this Note 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) The preceding obligations and (f) of the Indenture will survive any termination, defeasance or discharge of 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 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 shall 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, the 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 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) I. any combination of clauses ‎A through ‎H above. (1b) through (8) above. In addition to the foregoing, the Issuer Company and the Guarantors 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, the 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, 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, will make all withholdings and deductions (within the time period) required by law and 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 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 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 the this Indenture or this Note 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) The preceding obligations This ‎Section 4.07 will survive any termination, defeasance or discharge of the 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 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 shall 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, the 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 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)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 will also Section 10.19: “The Company shall 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, the 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, 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 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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) provided in this paragraph paid by such entity. (d) Whenever in the Indenture or this Note 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) The preceding obligations will survive any termination, defeasance or discharge of 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: 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 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 shall 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, 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 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, 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, will 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 shall 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, any Note Guarantee thereof or the Indenture or a Note GuaranteeIndenture, 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 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 NotesIndenture, the IndentureClass A Notes, 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, will 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 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, 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 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 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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 thathad such beneficiary, in such contextsettlor, Additional Amounts are, were or would be payable in respect thereof. (e) The preceding obligations will survive any termination, defeasance or discharge of the 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 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 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, 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 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 shall 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, the 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 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) I. any combination of clauses ‎A through ‎H above. (1b) through (8) above. In addition to the foregoing, the Issuer Company and the Guarantors 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, the 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, 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, will make all withholdings and deductions (within the time period) required by law and 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 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 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 the this Indenture or this Note 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) The preceding obligations This ‎Section 4.07 will survive any termination, defeasance or discharge of the 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 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 shall 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, 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 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, 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, 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, Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and 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 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 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 the Indenture or this Note 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) The preceding obligations and (f) of the Indenture will survive any termination, defeasance or discharge of 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 (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 shall 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, 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 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, 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, 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, Guarantor will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or this Note 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) The preceding obligations and (f) of the Indenture will survive any termination, defeasance or discharge of 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 of principal of, and interest and premium (if any) on, the Securities 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 Company will be made free and clear of and without deduction or 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 nature imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer Republic or any Guarantor is by or was incorporated, engaged in business, organized or resident for tax purposes or within any political subdivision thereof or any authority therein having power to tax (“Korean Tax”), unless deduction or (2) any jurisdiction from withholding is required by law. In the event that such deduction or through which any payment withholding is made required by or on behalf of the Issuer or any Guarantor (including, without limitationlaw, 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 Company will pay such additional amounts (the “Additional Amounts”) as may be necessary will result in order that the net payment to Holders of such amounts received and retained which would otherwise have been receivable in respect of such payments by each beneficial owner of Notes after such withholding or deduction shall equal the respective amounts that would have been received principal, premium (if any) and retained in respect of such payments interest in the absence of such withholding or deduction; provided, however, except that no such Additional Amounts shall be payable with in respect toof any Security: (1a) any Taxes, to the extent such Taxes would not have been imposed but for the holder or the on behalf of a Holder or beneficial owner who is subject to such deduction or withholding in respect of the Notes (or a fiduciary, settlor, beneficiary, partner of, member or shareholder of, or possessor such Security by reason of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) his being or having been connected with the Republic (or any political subdivision thereof) (including being a citizen or a 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 Republic) otherwise than merely by holding such Security or receiving principal, premium (if any) or interest in respect thereof; or (b) to or on behalf of a Holder or beneficial owner who would not be liable for or subject to such deduction or withholding by making a declaration of non-residence or other similar claim for exemption to the relevant Tax Jurisdiction tax authority if, after having been requested in writing by the Company to make such a declaration or having claim, such Holder or having had any other present or former connection with the relevant Tax Jurisdictionbeneficial owner fails to do so within 30 days, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guarantee;or (2c) any Taxes, to the extent such Taxes were imposed as a result of the presentation or on behalf of a Note for payment Holder who presents a Security (where presentation is required) for payment more than 30 days after the relevant payment is first made available for payment to the holder (date except to the extent that the holder Holder thereof would have been entitled to such Additional Amounts had on presenting the Note been presented same for payment on the last day of such 30 30-day period);; for this purpose the “relevant date” in relation to any payments of principal of, and interest and premium (if any) on, any Security means: (3i) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes;the due date for payment thereof; or (4ii) any Taxes if the full amount of the monies payable other than on such date has not been received in New York by deduction the Trustee on or withholding from payments under, or with respect toprior to such due date, the Notes or any Note Guarantee;date on which, the full amount of such monies having been so received, notice to that effect is duly given to Holders of the Securities in accordance with this Indenture; or (5d) 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 where withholding or deduction would is imposed on a payment to an individual and is required to be imposedmade pursuant to the European Council Directive 2003/48/EC or any directive implementing the conclusions of the ECOFIN Council meeting of November 26th — 27th, 2000 on the taxation of savings income or any law implementing or complying with, or introduced in order to comply with any certificationconform to, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice such Directive; or (e) on behalf of a Tax Jurisdiction, as a precondition Holder who would have been able to exemption from, avoid the withholding 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 presentation (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 have been avoided by presenting the relevant Note Security to, or otherwise accepting payment from, another Paying Agent;paying agent in a member state of the European Union; or (7f) any Taxes combination of (a), (b), (c), (d) or (e) above. The obligation of the Company to pay Additional Amounts in respect of taxes, duties, assessments and governmental charges shall not apply to (i) any estate, inheritance, gift, sales, transfer, personal property or any similar tax, assessment or other governmental charge or (ii) any tax, assessment or other governmental charge which is payable otherwise than by deduction or withholding from payments of principal of or interest and premium, if any, on, the Securities; provided that, except as otherwise set forth in the Securities and in this Indenture, the Company shall pay all stamp and other similar duties, if any, which may be imposed on by the Republic, the United States or any respective political subdivision thereof or any taxing authority of or in the foregoing, with respect to this Indenture or as a consequence of the issuance of the Securities. Furthermore, no Additional Amounts shall be payable with respect to any payment by of the Issuer principal of, or any of the Guarantors interest and premium (if any) on, any Security 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 Republic (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; (8) any Taxes that are imposed pursuant Security. References to current Section 1471 through 1474 principal, premium or interest in respect 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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 Securities shall be deemed to include mention of the payment of any Additional Amounts to the extent that, in such context, Additional Amounts are, were or would which may be payable as set forth herein and in respect thereofthis Indenture. (e) The preceding obligations will survive any termination, defeasance or discharge of 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 (Hanarotelecom Inc)

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 (including any such deduction or withholding from such Additional Amounts), shall equal 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, the 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 non-residence 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 non- residence 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; (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 Internal Revenue Code of 1986Code, as amended of the date of the Offering Memorandum (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, 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 required to be withheld or deducted from a payment in respect of the Code (Securities required to be made pursuant to laws enacted by Switzerland changing the Swiss federal withholding tax system from an issuer-based system to a paying agent- based system pursuant to which, in particular, a paying agent in Switzerland is required to withhold or deduct Taxes on any amended or successor version described above)interest payment; 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 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, 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, 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 payableinclusive above. The Officer’s Certificate must also set forth Payor shall (i) make any other information reasonably necessary to enable the Paying Agents to pay Additional Amounts to Holders on the relevant payment date. The Issuer required withholding 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. deduction and (cii) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax taxing authority of the Relevant Taxing Jurisdiction in accordance with applicable law. The Issuer or Upon request, the relevant Guarantor will Payor shall 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 withheldwithheld from each relevant taxing authority of each Relevant Taxing Jurisdiction imposing such Taxes and shall provide such certified copies to the Trustee. The Issuer 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 relevant Guarantor will furnish Trustee shall be made available by the Trustee to Holders on request. If any Payor shall be obligated to pay Additional Amounts under or with respect to any payment made on the Securities or any Guarantee, at least 30 days prior to the date of such payment, the Payor shall deliver to the Trustee and the paying agent an Officer's Certificate stating the fact that Additional Amounts shall be payable and the amount so payable and such other information necessary to enable the paying agent to pay Additional Amounts on the relevant payment date (or unless such obligation to a Holder upon request), within 60 pay Additional Amounts arises less than 45 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 prior to the Trustee) by relevant payment date, in which case the Payor shall deliver such entity. (d) Whenever Officer's Certificate and such other information as promptly as practicable thereafter). Wherever in this Indenture, the Indenture Securities or this Note 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) other than a transfer of the Securities occurring after the initial resale). The preceding foregoing obligations will shall survive any termination, defeasance or discharge of the Indenture, any transfer by a holder or beneficial owner of its Notes, this 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.. 48

Appears in 1 contract

Sources: Indenture (Constellium Se)

Additional Amounts. (a) All If specified pursuant to Section 301, 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 or Securities of any Note Guarantee shall series 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 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 (1) the Government of Canada or of any jurisdiction (other than the United States) in which the Issuer province or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes or any political subdivision territory thereof or by any authority or agency therein or thereof having power to tax (2) hereinafter “Taxes”), unless the Company is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. If the Company is so required to withhold or deduct any jurisdiction amount for or on account of 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 premiumSecurities, the Issuer or the relevant Guarantor, as applicable, shall Company 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 of such payments by each beneficial owner of Notes Holder (including Additional Amounts) after such withholding or deduction shall equal will not be less than the respective amounts that amount the Holder 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, provided that no Additional Amounts shall will be payable with respect topayable: (1) to 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, the Indenture or a Note Guarantee, or the receipt of payments Person in respect of whom such Note taxes are required to be withheld or deducted as a Note Guaranteeresult of such Person not dealing at arm’s length with the Company (within the meaning of the Income Tax Act (Canada)); (2) to 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 Person by reason of such 30 day periodPerson being connected with Canada (otherwise than merely by holding or ownership of any series of Securities or receiving any payments or exercising any rights thereunder), including without limitation a non-resident insurer who carries on an insurance business in Canada and in a country other than Canada; (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 which is subject to the extent such Taxes would not have been imposed or withheld but for the by reason of its 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 information, documentation or other reporting requirements, whether requirement if compliance is required by statutelaw, treatyregulation, regulation or administrative practice of a Tax Jurisdiction, or an applicable treaty as a precondition to exemption from, or a reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction such Taxes; or (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction4) for any combination of items (1), but in each case, only to the extent the holder or beneficial owner is legally eligible to provide such certification or documentation; (62) any Taxes imposed in connection with a Note presented for payment and (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 3); nor will Additional Amounts be paid with respect to any payment by the Issuer or any of the Guarantors on a Security to the holder of the Notes if such holder a 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 Canada (or any political subdivision thereof) to be included in the income for Canadian federal income 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 such payments entitled to payment of the additional amounts had such holder beneficiary, settlor, member or beneficial owner been the sole beneficial owner Holder 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 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, 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)Security. (b) If At least 10 days prior to each date on which any payment under or with respect to the Issuer or any GuarantorSecurities is due and payable, as if the case may be, becomes aware that it Company 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, 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 shall notify the Trustee promptly thereafter) an Officer’s 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 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the this Indenture or this Note 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), Redemption Price, interest or of any other amount payable under, under or with respect to, to any of the Notes or any Note Guarantee, Security 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 thereofthereof pursuant to the provisions of this Section 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 applicable). (ec) The preceding obligations will of the Company under this Section 1005 shall survive any termination, defeasance or discharge the termination of the Indenture. (d) The Company will furnish to Holders, within 30 days after the date the payment of any transfer Taxes is due pursuant to applicable law, certified copies of tax receipts evidencing such payment by the Company. The Company will indemnify and hold harmless each Holder (other than an Excluded Holder) and upon written request reimburse each such Holder for the amount of (i) any Taxes so levied or imposed which have not been withheld or deducted and remitted by the Company and which have been paid by such Holder as a holder or beneficial owner result 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 payments made under or with respect to the Notes Securities, (ii) any liability (including penalties, interest and expenses) arising therefrom or with respect thereto or from the failure to make such payment, and (iii) any Note GuaranteeTaxes imposed with respect to any reimbursement under clause (i) by or (ii) above, but excluding any such Taxes on behalf of such Person and, in each case, any political subdivision thereof or therein▇▇▇▇▇▇’s net income.

Appears in 1 contract

Sources: Indenture (Thomson Reuters Corp /Can/)

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 withholding, shall equal 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 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, the 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 imposed on or combination of items (a), (b), (c), (d) and (e) 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 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 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, 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, the 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, 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, whenever 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the this Indenture or this Note 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) The preceding obligations will survive any termination, defeasance or discharge thereof pursuant to the provisions of this Section and express mention of the Indenturepayment 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 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 1 contract

Sources: Indenture (Blount International 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) Partnership under or with respect to the Notes or any Note Guarantee shall notes 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 and interest related 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 present or future Taxes imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which the Issuer Partnership or any Guarantor is or was incorporatedof its Partners (including any successor entities) are then registered, engaged in business, organized business 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 or any Guarantor (includingeach, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2a "Relevant Taxing Jurisdiction"), a “Tax Jurisdiction”) in respect of is required to be made from any payments made by the Partnership under or with respect to the Notes or any Note Guaranteenotes, including, without limitation, including payments of principal, redemption price, purchase price, interest price or premiuminterest, the Issuer or the relevant Guarantor, as applicable, shall Partnership 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 or deduction shall will equal the respective amounts that which would have been received and retained in respect of such payments in the absence of such required withholding or deduction; provided, however, that no Additional Amounts shall will be payable with respect to: (1) any Taxes, to the extent such payments on a note in respect of Taxes which 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) note being or having been a citizen or resident or national of, incorporated in or incorporated, engaged in carrying on 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 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, the Indenture or a Note Guarantee, thereunder or the receipt of payments in respect of such Note thereof or a Note Guaranteeany other connection relating to the notes; (2) any Taxes, to the extent such Taxes were that are imposed or withheld as a result of the presentation failure of the holder of the note or beneficial owner of the note to comply with any request, made to that holder at least 30 days before any such withholding or deduction would be payable, by the Partnership 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 information or reporting requirement, which is required or imposed by a Note statute, treaty, regulation or administrative practice of the Relevant Taxing Jurisdiction as a precondition to exemption from all or part of such Taxes; (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 (except to the extent that the holder would have been entitled to Additional Amounts had the Note note been presented on the last day of such 30 30-day period); (34) any Taxes (other than Canadian taxes imposed under Part XIII of the Income Tax Act (Canada)) which are payable otherwise than by deduction or withholding from payments made under or with respect to the notes; (5) any Taxes imposed on or with respect to any payment to a holder that is a fiduciary or partnership or Person other than the sole beneficial owner of such payment to the extent that the Taxes would not have been imposed on such payment had such holder been the sole beneficial owner of such notes; (6) any estate, inheritance, gift, sale, transfer, personal property or similar Taxes; (47) any Taxes payable other than by withholding or deduction imposed on a payment to an individual which is required to be made pursuant to any European Union Directive on the taxation of savings implementing the conclusions of the ECOFIN Council meeting of 26-27 November, 2000 or withholding from payments under, any law implementing or complying with respect or introduced in order to conform to, the Notes such Directive or any Note Guarantee;law; or (58) any combination of items (1) any Taxes to through (7) above. Such Additional Amounts will also not be payable where, had the extent such Taxes beneficial owner of the Securities been the Holder of the Securities, it would not have been imposed or withheld but for the failure entitled to payment 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 Additional Amounts 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 reason of clauses (1) through (8) 7) above. . (b) In addition to the foregoing, the Issuer and the Guarantors Partnership 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 on Relevant Taxing Jurisdiction in respect of the execution, deliveryissue, issuance, delivery or registration of any of the Notes, the Indenture, any Note Guarantee notes or any other document or instrument referred to therein, therein (other than a transfer of the notes) or on the receipt enforcement 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) notes. If the Issuer or any Guarantor, as the case may be, becomes aware that it Partnership 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, Partnership will deliver to the Trustee 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 the relevant Guarantor Partnership shall notify the Trustee trustee promptly thereafter) an Officer’s Certificate officers' certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate officers' 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 or the relevant Guarantor Partnership will provide the Trustee 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. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, Partnership will make all required withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority Relevant Taxing Jurisdiction in accordance with applicable law. The Issuer or the relevant Guarantor Partnership will use its reasonable efforts to obtain Tax copies of receipts from each Tax authority in the Relevant Taxing Jurisdiction evidencing the payment of any Taxes so deducted or withheld. The Issuer or Upon written request, the relevant Guarantor Partnership 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 madea reasonable time period, certified copies of Tax tax receipts evidencing payment by the Issuer or a Guarantor, Partnership in such form as provided in the case may be, normal course by the authority imposing such Taxes and is reasonably available to the Partnership or if, notwithstanding such entity’s 's efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. If the Partnership becomes, or would be, obliged to pay on the next date on which any amount would be payable under or with respect to the notes, any Additional Amounts as a result of certain changes affecting the laws relating to withholding or deduction of Taxes, the Partnership may redeem all, but not less than all, the notes. (dc) Whenever in the Indenture or this Note there is mentioned, in any context, mentioned 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 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, that Additional Amounts are, were or would be payable in respect thereof. (e) The preceding obligations will survive any termination, defeasance or discharge of 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 (RPM International 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 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 shall 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, the 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 Internal Revenue Code of 1986, as amended (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 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, 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 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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: Revolving Credit Agreement (Shelbourne Properties Ii Inc)

Additional Amounts. (a) All payments made (including any premium paid upon redemption of the Notes) by or on behalf of the Issuer 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 Guarantors or a successor in respect of the Note Guarantee shall Guarantees will 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 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 Brazil, the United States) , the Cayman Islands or any authority therein or thereof or any other jurisdiction in which the Issuer or any Guarantor is the Guarantors (or was incorporatedin each case, engaged in business, their successor) are organized or resident for tax purposes doing business or from or through which payments are made in respect of the Notes, 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 Issuer or the Guarantors (or their respective successor) in respect of any payments under are compelled by law to deduct or with respect to the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumwithhold such Taxes. In such event, the Issuer or the relevant GuarantorGuarantors (or their respective successor) 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 by each beneficial owner registered Holders of Notes after such withholding or deduction 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 or beneficial owner who is liable for such Taxes would not have been imposed but for in respect of such Note by reason of the holder existence of any present or the former connection between such 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 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 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 the acquisition, ownership or disposition mere holding of Notes, the exercise Note or enforcement of rights under such Note, the this Indenture or a Note Guarantee, or and the receipt of payments with respect to the Note; (ii) in respect of such Note Taxes that would not have been so withheld or a Note Guarantee; (2) any Taxes, to deducted if the extent such Taxes were imposed as a result of the presentation of a Note Notes had been surrendered or presented for payment (where presentation if surrender or presentment is required) not 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 or beneficial owner 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 such period of such 30 day period)days; (3iii) to, or to a third party on behalf of, a Holder or beneficial owner who is liable for such Taxes by reason of such Holder or beneficial owner’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 (A) compliance is required by law or an applicable income treaty as a precondition to, exemption from, or reduction in the rate of, the Tax and (B) the Issuer has given the Holders and beneficial owners at least 30 days’ notice that Holders and beneficial owners will be required to provide such certification, identification, documentation or other requirement; (iv) in respect of any estate, inheritance, gift, salesales, transfer, excise or personal property or similar TaxesTax, other than as provided in Section 4.26(a)(i); (4v) in respect of any Taxes Tax which is payable other than by deduction or withholding from payments underof principal of (including premium) or interest on the Note; or (vi) in respect of any combination of the above. (b) Notwithstanding anything to the contrary in this provision, or with respect tonone of the Issuer, the Notes Guarantors, their respective successors, a paying agent or any Note Guarantee; (5) other person shall be required to pay 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 Additional Amounts with respect to any payment by in respect of any Taxes imposed under Sections 1471 through 1474 of the Issuer Code, or any successor law or regulation implementing or complying with, or introduced in order to conform to, such sections, or imposed pursuant to any intergovernmental agreement or any agreement entered into pursuant to section 1471(b)(1) of the Guarantors Code. (c) 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 or beneficial owner 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 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) 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 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, 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)Holder. (bd) If 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, neither the Issuer or any Guarantor, as nor the case may be, becomes aware that it will Guarantors shall be obligated required to pay Additional Amounts with respect to any payment under Tax imposed by any government or a political subdivision or taxing authority thereof or therein. (e) In the event that Additional Amounts actually paid with respect to the Notes of the relevant Series are based on rates of deduction or withholding of withholding Taxes in excess of the appropriate rate applicable to the Holder or beneficial owner of such Notes of the relevant Series, and, as a result thereof such Holder or beneficial owner is entitled to make claim for a refund or credit of such excess from the authority imposing such withholding Tax, then such Holder or beneficial owner, as applicable, 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 Issuer. (f) Any reference in this Indenture or the Notes of the relevant Series to principal, interest or any other amount payable in respect of the Notes of the relevant Series by the Issuer or the Note GuaranteeGuarantee by the Guarantors (or their successors) will be deemed also to 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 provision. (g) Each of Obligors shall agree that if any of the Issuer or the Guarantors, as applicable, is required under applicable law to make any deduction or withholding on payments of principal of or interest on the Notes of the relevant Series for or on account of any Tax, at least 10 days prior to the first payment date on the Notes of the relevant Series and at least 10 days prior to each payment date thereafter where such withholding is required, the Issuer or the relevant Guarantor, as applicable, shall furnish the case may be, will deliver Trustee and a paying agent with an Officer’s Certificate (but only if there has been any change with respect to the matters set forth in any previously delivered Officer’s Certificate) instructing the Trustee and a paying agent as to whether such payment of principal of or interest on a date that is at least 30 days prior the Notes of the relevant Series shall be made without deduction or withholding for or on account of any Tax, or, if any such deduction or withholding shall be required by the Taxing Jurisdiction, then such certificate shall: (i) specify the amount required to be deducted or withheld on such payment to the date of relevant recipient; (ii) certify 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 Guarantors, as applicable, shall notify pay such deduction or withholding amount to the Trustee promptly thereafterappropriate taxing authority; and (iii) an Officer’s Certificate stating certify that 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 Guarantors, as applicable, shall pay or cause to be paid to the Trustee evidencing the payment of or a paying agent such Additional Amounts. The Trustee shall be entitled to rely absolutely on an Officer’s Certificate Amounts as conclusive proof that such payments are necessaryrequired by this provision. (ch) The Issuer Each of the Obligors (or the relevant Guarantor, if it is the applicable withholding agent, their respective successor) will make all withholdings and deductions (within the time period) pay any Taxes required by law and will remit the full amount to be deducted or withheld pursuant to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 law and will furnish to the Trustee (or to a Holder upon request)Holders, within 60 days after the date the such payment of any Taxes so deducted or withheld is madedue, either certified copies of Tax receipts evidencing payment by the Issuer or a Guarantorsuch payment, 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 (reasonably satisfactory to the Trustee) by such entityHolders. (di) Whenever in The Issuer or the Indenture Guarantors, as applicable, will pay when due any present or this Note there is mentionedfuture stamp, in any contexttransfer, the payment of amounts based upon the principal amount of the Notes court or of principal, interest documentary Taxes or of any other amount payable under, excise 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) The preceding obligations will survive any termination, defeasance or discharge of the Indenture, any transfer property Taxes imposed 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 Taxing Jurisdiction (or any Guarantorpolitical subdivision or governmental authority thereof or therein having power to Tax) 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 initial execution, delivery or registration of the Notes (of the relevant Series or any Note Guarantee) by other document or on behalf of such Person and, in each case, any political subdivision thereof or thereininstrument relating thereto.

Appears in 1 contract

Sources: Indenture (Azul Sa)

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 shall 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: (1i) 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, the 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; (2ii) 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); (3iii) any estate, inheritance, gift, sale, transfersales, personal property property, transfer or similar Taxes; (4iv) 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; (5v) 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; (7vi) 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) vii) 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 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 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 (9viii) any combination of clauses (1items from Sections 4.18(a)(i) through (8) vii) above. . (b) In addition to the foregoing, the Issuer and the Guarantors 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, the 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). (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 Senior Notes or any Note Guarantee, each of the Issuer or the relevant Guarantor, as the case may be, 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 's Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate 's 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 's Certificate as conclusive proof that such payments are necessary. (cd) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, Guarantor will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 's efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. 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. (de) Whenever in the this Senior Notes Indenture or this Note 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. (ef) The preceding obligations in this Section 4.18 will survive any termination, defeasance or discharge of the 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: Senior Notes Indenture (IHS Holding LTD)

Additional Amounts. (a) All If (i) the Company consolidates with or merges with or into, or sells, conveys, transfers or leases all or substantially all of the Company’s properties and assets to, another Person, and the Successor Company is not organized and existing under the laws of the United States of America, any State thereof or the District of Columbia or (ii) any Subsidiary Guarantor or Successor Guarantor is not organized and existing under the laws of the United States of America, any State thereof or the District of Columbia (each such Person, a “Foreign Guarantor”), then (A) all payments and deliveries made by by, or on behalf of of, the Issuer or any of the Guarantors (including, in each case, any successor entity) Successor Company under or with respect to the Notes, including, but not limited to, payments of principal of (including, if applicable, the Redemption Price and the Fundamental Change Repurchase Price), payments of interest on, and payments of cash and/or deliveries of shares of Common Stock (together with payments of cash in lieu of fractional shares) upon conversion of, the Notes and (B) all payments and deliveries made by, or on behalf of, any Note Guarantee Foreign Guarantor under the relevant Subsidiary Guarantee, including, but not limited to, payments of principal of (including, if applicable, the Redemption Price and the Fundamental Change Repurchase Price), payments of interest on, and payments of cash and/or deliveries of shares of Common Stock (together with payments of cash in lieu of fractional shares) upon conversion of, the Notes, in each case, 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 imposed, levied, collected, withheld or assessed by a taxing authority within any jurisdiction in which the Successor Company or such Foreign Guarantor, as the case may be, is, for tax purposes, organized or resident or doing business or through which payment is made or deemed made (or any political subdivision or taxing authority thereof or therein) (each, a “Relevant Taxing Jurisdiction”), unless the such 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 by the interpretation or administration thereof. In the event that any amount forsuch taxes, duties, assessments or on account of, any Taxes governmental charges imposed or levied by or on behalf of (1) a Relevant Taxing Jurisdiction are required to be withheld or deducted from any jurisdiction (other than the United States) in which the Issuer payments 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 deliveries 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 Successor Company with respect to the Notes or any Note payments or deliveries made by any Foreign Guarantor under the relevant Subsidiary Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest the Successor Company or premium, the Issuer or the relevant such Foreign Guarantor, as applicable, shall pay to the beneficial owner of each Note 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 the beneficial owner of such Notes after such withholding or deduction (and after deducting any taxes on the Additional Amounts) shall equal the respective amounts that would have been received and retained in respect of by such payments in the absence of beneficial owners had no such withholding or deductiondeduction been required; provided, however, provided that no Additional Amounts shall be payable with respect topayable: (1i) for or on account of: (A) any Taxestax, duty, assessment or other governmental charge including any related interest, penalties or additions to the extent such Taxes tax that would not have been imposed but for for: (1) the holder existence of any present or former connection between the Holder or beneficial owner of the Notes such 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, 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, other than merely holding or enforcing rights under such Note or the receipt of payments thereunder, including such Holder or beneficial owner being or having been a citizen national, domiciliary or resident of such Relevant Taxing 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 Jurisdiction, other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, the Indenture or a Note Guarantee, or the receipt of payments in respect of such Note or a Note Guaranteepermanent establishment therein; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a such Note for payment (where in cases in which presentation is required) more than 30 days after the relevant payment is first made available for payment Relevant Date; or (3) the failure of the Holder or beneficial owner to comply with a written request from the holder (except Successor Company or the Foreign Guarantor, as the case may be, to provide certification, information, documents or other evidence concerning such Holder’s or beneficial owner’s nationality, residence, identity or connection with the extent that the holder Relevant Taxing Jurisdiction, or to make any declaration or satisfy any other reporting requirement in order to reduce or eliminate any withholding or deduction as to which Additional Amounts would have otherwise been entitled payable to Additional Amounts had the Note been presented on the last day of such 30 day period)Holder or beneficial owner; (3B) any estate, inheritance, gift, saleuse, sales, transfer, excise, personal property or similar Taxestax, assessment or other governmental charge; (4C) any Taxes tax, duty, assessment or other governmental charge that is payable other otherwise than by withholding or deduction or withholding from payments under, under or with respect to, to the Notes or any Note the relevant Subsidiary Guarantee, as the case may be; (5D) 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 Notestax, following the Issuer’s reasonable written request addressed to the holder at least 60 days before any such assessment, withholding or deduction would be imposed, to comply with any certification, identification, information or other reporting requirements, whether required by statutesections 1471 through 1474 of the United States Internal Revenue Code of 1986, treatyas amended (“FATCA”), any current or future U.S. Treasury Regulations or rulings promulgated thereunder, any law, regulation or administrative practice of a Tax Jurisdictionother official guidance enacted in any jurisdiction implementing FATCA, as a precondition any intergovernmental agreement between the United States and any other jurisdiction to exemption fromimplement the foregoing or any law enacted by such other jurisdiction to give effect to such agreement, or reduction in any agreement with 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 documentationU.S. Internal Revenue Service under FATCA; (6E) any Taxes tax, assessment 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 Holder or beneficial owner of the Notes to the extent such Taxes could who would have been avoided able to avoid such tax, assessment or governmental charge by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agent;; or (7F) any Taxes imposed on combination of taxes, duties, assessments or other governmental charges referred to in the preceding clauses ‎(A), ‎(B), ‎(C), ‎(D) or ‎(E). (ii) with respect to any payment by of the Issuer principal of (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable) and interest on such Note or the payment of cash and/or delivery of shares of Common Stock (together with payment of cash in lieu of fractional shares) upon conversion of such Note or any payments or deliveries made under any Subsidiary Guarantee (including, but not limited to, payments of the Guarantors principal of (including the Redemption Price and the Fundamental Change Repurchase Price, if applicable), payments of interest on, and payments of cash and/or deliveries of shares of Common Stock (together with payment of cash in lieu of fractional shares) upon conversion of, any Note) to the holder of the Notes if such holder any Person who is a fiduciary or fiduciary, partnership or any person Person other than the sole beneficial owner of such that payment to the extent that such Taxes payment would be required to be included in the income under the laws of the Relevant Taxing Jurisdiction, for tax purposes, of a beneficiary or settlor with respect to the fiduciary, a partner or member of that partnership or a beneficial owner who the Successor Company or the Foreign Guarantor, as applicable, knows at the time of the payment or delivery would not have been imposed on entitled to such payments Additional Amounts had such holder that beneficiary, settlor, partner, 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 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 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 and the Guarantors 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, 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 Successor Company or any Foreign Guarantor is required to make any deduction or withholding from any payments or deliveries with respect to the Notes or the relevant Subsidiary Guarantee, as the case may be, the Successor Company or such Foreign 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, will shall deliver to the Trustee on a date that is at least 30 days prior official tax receipts evidencing the remittance to the date relevant tax authorities 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 amounts so withheld or the relevant Guarantor deducted. Copies of such receipts 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 made available to Holders on of 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 necessaryNotes upon request. (c) The Issuer Whenever there is mentioned in any context in this Indenture or the relevant Guarantor, if it is the applicable withholding agent, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing any Note the payment of any Taxes so deducted or withheld. The Issuer or principal of (including the relevant Guarantor will furnish to Redemption Price and the Trustee (or to a Holder upon requestFundamental Change Repurchase Price, if applicable), 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 the Indenture or this Note there is mentioned, in any context, the payment of amounts based interest on, or the payment of cash and/or the delivery of shares of Common Stock (together with payment of cash in lieu of fractional shares) upon the principal amount conversion of the Notes any Note or of principal, interest or of any other amount payable under, or with respect to, any of the Notes to such Note or any Note corresponding payments or deliveries made under any Subsidiary Guarantee, such mention shall 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) The preceding obligations will survive any termination, defeasance or discharge of 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 (Assertio 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 Company with respect to the Notes or by any of the Guarantors with respect to any Note Guarantee shall to a Holder or beneficial owner of the Notes that is not a United States person will be made free and clear of and without withholding or deduction for, or on account of, any present or future Taxes taxes (including any interest, additions to taxes and penalties, 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 of Taxes 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 Company or any Guarantor is then incorporated or was incorporatedorganized, engaged in business, organized business for tax purposes or resident for tax purposes or any political subdivision thereof or therein or 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 thereof or therein (each of (1) and (2each, a "Tax Jurisdiction"), a “Tax Jurisdiction”) in respect of and is required by law to be made from any payments made by the applicable withholding agent under or with respect to the Notes or with respect to any Note Guarantee, including, without limitation, including payments of principal, redemption 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 by to each Holder or beneficial owner of the Notes after such withholding or deduction shall (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 imposed, deducted or withheld but for the holder existence of any present or former connection between the relevant Holder or 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, and the relevant Tax Jurisdiction (including being a resident or citizen of such jurisdiction or having a domicile or having had any other present or former connection with a permanent establishment in such jurisdiction to which the relevant payments can be attributed for Tax Jurisdictionpurposes), other than any connection arising solely from the acquisition, ownership holding or disposition of Notessuch Note, the exercise or enforcement of rights under such Note, the Indenture Note or under a Note Guarantee, Guarantee or the receipt of any 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 30-day period); (3) any estate, inheritance, gift, sale, transfersales, personal property property, wealth (in the nature of estate or inheritance or gift tax) 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[reserved]; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but for the failure by reason of the holder beneficial owner being considered as being (i) a "10-percent shareholder" of the Company as defined in section 871(h)(3) or section 881(c)(3) of the Code or (ii) 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; (6) any Taxes that are payable otherwise than by withholding or deduction from a payment on such Note; (7) Taxes imposed on or with respect to a payment made to a Holder or beneficial owner of the Notes, following the Issuer’s reasonable written request addressed Notes who would have been able to the holder at least 60 days before any avoid such withholding or deduction would be by presenting the relevant Note to another Paying Agent in a member state of the European Union; (8) any Taxes imposed pursuant to FATCA; (9) any Taxes that are imposed, deducted or withheld by reason of the failure by the Holder or the beneficial owner of the Note to comply with any a written request of the Company or an applicable withholding agent addressed to the Holder, after reasonable notice, to provide certification, identificationinformation, information documents (including applicable IRS Form W-8) 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 requirementsrequirement relating to such matters, whether required by a statute, treatyregulation, regulation treaty or administrative practice of a the relevant Tax Jurisdiction, Jurisdiction as a precondition to exemption from, from all or reduction in the rate part 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 such Tax; provided in each case, only to case 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 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)do so; or (910) any combination of clauses items (1) through (8) 9) above. . (b) In addition to the foregoing, the Issuer Company and the Guarantors 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 related thereto) which that are levied by any jurisdiction Tax Jurisdiction and required by such Tax Jurisdiction to be paid on the execution, delivery, issuance, or registration of any of the Notes, the 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 with respect thereto, to any such Taxes imposed in a Tax Jurisdiction that are not excluded under clauses (1) through (35), (7), (8), (9) or (510) through (9) above above). The Company and the Guarantors will not, however, be obligated to pay or indemnify any Holder or beneficial owner for any stamp, issue, registration, court or documentary Taxes, or any combination thereof)other excise or property Taxes, that are levied by any Tax Jurisdiction in connection with any transfer of a Note or a beneficial interest in a Note to a Person other than the Company or any Guarantor after the Issue Date. (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, 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 Company or the relevant Guarantor shall notify deliver to the Trustee promptly thereafterafter the obligation to pay so arises) 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 to pay Additional Amounts to Holders or beneficial owners 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 solely on an Officer’s such Officers' Certificate as conclusive proof that such payments are necessary. (cd) The Issuer or Company, the relevant Guarantor, if it is the Guarantor or other applicable withholding agent, agent will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax tax authority in accordance with applicable law. The Issuer If the Company or the relevant Guarantor is the applicable withholding agent, the Company or the relevant Guarantor will (i) use its commercially reasonable efforts to obtain Tax tax receipts from each Tax tax authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor will withheld and (ii) furnish to the Trustee (or to a Holder upon written request), 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 Company or a Guarantor, as the case may be, or if, notwithstanding such entity’s 's efforts to obtain receipts, receipts are not obtainedavailable, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. If the Company or the relevant Guarantor is not the applicable withholding agent, the Company or the relevant Guarantor will use its reasonable efforts to obtain tax receipts or other evidence of payments from the applicable withholding agent and furnish the tax receipts or evidence of payments to the Trustee. (de) Whenever in the this Indenture or 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. (ef) The preceding foregoing obligations of this Section 4.21 will survive any termination, defeasance or discharge of the 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 (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 or on behalf of such Person and, in each case, and any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (Alliance Data Systems 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 (whether or not in the form of Definitive Registered Notes) or any Guarantor under or 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 Taxes, unless the withholding or deduction of such 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 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 organized, incorporated, engaged in business, organized business for tax purposes or resident for tax purposes or any political subdivision thereof or therein 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 Guarantor under or with respect to its 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 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 deduction or deduction shall withholding in respect of 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, Taxes to the extent such Taxes would not have been imposed but for the existence of any present or former connection between the relevant holder or the a beneficial owner of the Notes (or including 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 Tax Jurisdiction (including being or having been a citizen or citizen, resident or national or domiciliary of, or incorporatedorganized, engaged in incorporated or carrying on a trade 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 being physically present or former connection with the relevant Tax Jurisdictionin such jurisdiction for tax purposes), other than any connection arising solely from the acquisition, ownership ownership, holding, or disposition of Notes, the exercise or enforcement of rights under such Note, the Indenture Notes or under a Note Guarantee, Guarantee or the receipt of payments payment 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, Notes or with respect to, the Notes or to any Note Guarantee; (5ii) any Taxes to the extent such Taxes would not have been are imposed or withheld but for as a result of the failure of the holder or a beneficial owner of the Notes, following the Issuer’s reasonable Notes to comply with any timely written request addressed by the Issuer or any Guarantor to the relevant holder (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 45 days before any such withholding or deduction would be imposedrequired on payments to the holder or beneficial owner) to provide timely and accurate information concerning the nationality, residence, identity or connection with the relevant Tax Jurisdiction of such holder or beneficial owner or to comply with make any valid and timely declaration, claim or certification, identification, information or to satisfy any other reporting requirementsrequirement relating to such matters, whether required by statute, treaty, regulation or administrative practice of a the relevant 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, including 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; (6iii) any Taxes to the extent such Taxes were imposed in connection with as a result of presentation of a Note presented for payment (where presentation is permitted or required) more than 30 days after the date on which 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); (iv) any estate, inheritance, gift, value added, sales, transfer, personal property or similar Taxes; (v) any Taxes imposed on a payment on a holder or beneficial owner 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, any such directives; (vi) any Taxes to the extent imposed as a result of the presentation of any Note for payment) payment 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 withholding or deduction by presenting the relevant Note to, or otherwise accepting payment from, to another Paying AgentAgent in a member state of the European Union; (7vii) any Taxes imposed on payable other than by deduction or withholding from payments under or with respect to any payment by the Issuer Notes 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 NoteNote Guarantee; (8) viii) 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 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 implementing 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 Code; (ix) any Taxes to the extent such Taxes are on account of imposta sostitutiva (pursuant to Italian Legislative Decree No. 239 of April 1, 1996, as amended or supplemented from time to time (“Legislative Decree No. 239”)) and any related implementing regulations, and pursuant to Italian Legislative Decree No. 461 of November 21, 1997; provided that: (i) Additional Amounts shall be payable in circumstances in which the procedures required under Legislative Decree No. 239 in order to benefit from an exemption from imposta sostitutiva have not been complied with due to the actions or omissions of the Issuer or any amended Guarantor or successor version described above)their agents; and (ii) for the avoidance of doubt, (A) no Additional Amounts shall be payable with respect to any Taxes to the extent such Taxes result from payment to a non-Italian resident legal entity or a non-Italian resident individual which are subject to imposta sostitutiva by reason of not being resident in a country which allows for a satisfactory exchange of information with Italy (white list) and (B) no Additional Amounts shall be payable with respect to Taxes to the extent such Taxes are on account of imposta sostitutiva if the holder becomes subject to imposta sostitutiva after the Issue Date by reason of the approval of the ministerial Decree to be issued under art. ▇▇▇ ▇▇▇ ▇.▇.▇. ▇▇. ▇▇▇ of 22nd December 1986 which may amend the list of the countries which allow for a satisfactory exchange of information with Italy, whereby such holder’s country of residence does not appear on the new list; or (9x) any combination of clauses items (1i) through (8) ix) above. . (b) No Additional Amounts will be paid with respect to a payment under or with respect to any Note or any Note Guarantee to a holder that is a fiduciary or a fiscally transparent entity or any other person other than the beneficial owner of such payment to the extent a beneficiary or settlor with respect to such fiduciary, a member of such fiscally transparent entity or the beneficial owner of such payment would not have been entitled to receive payment of the Additional Amounts had the beneficiary, settlor, member or beneficial owner been the holder of the Note. (c) In addition to the foregoing, the Issuer and the Guarantors 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 similar levies (including penalties, interest and additions to tax related thereto) which are levied by any jurisdiction a Tax Jurisdiction on the execution, delivery, issuance, registration or registration enforcement of any of the Notes, the this Indenture, any Note Guarantee or any other document referred to thereintherein (other than a transfer or exchange of Notes after this offering), or the receipt of any payments with respect theretothereto (limited solely, 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 with respect thereto, to any such Taxes imposed in a relevant Tax Jurisdiction that are not excluded under clauses (1Section 4.15(a)(i) through (3vi) or (5viii) through (9ix) above or any combination thereof). (bd) 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, 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 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 holders of the Notes on the relevant payment date. The Trustee shall be entitled to rely solely without further investigation or verification on such Officer’s Certificate as conclusive proof that such payments are necessary. If requested by a holder or Paying Agent, the Issuer 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 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 the relevant Guarantor, Guarantor (if it is the applicable withholding agent, ) will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax taxing authority in accordance with applicable law. The Issuer or the relevant Guarantor will use its reasonable efforts to obtain Tax receipts from each Tax taxing authority evidencing the payment of any Taxes so deducted or withheld. The Issuer or the relevant Guarantor will furnish to the Trustee (or to a Holder holder upon written request), within 60 days a reasonable time after the date the payment of any Taxes so deducted or withheld is made, certified copies of Tax such 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 obtainedavailable, other reasonable evidence of payments (reasonably satisfactory to the Trustee) by such entitypayments. (df) Whenever in the this Indenture or this Note 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 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. (eg) The preceding foregoing obligations will survive any termination, defeasance or discharge of the Indenture, this Indenture and 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) Guarantor is organized, incorporated, engaged in business, organized business for tax purposes or resident for tax purposes, purposes or any jurisdiction from or through which payment is made under or with respect to on the Notes (or any Note Guarantee) is made by or on behalf of such Person and, in each case, any department or political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture

Additional Amounts. (a) All payments made by or on behalf of the Issuer or any of the Guarantors (includingon this Note, in each case, any successor entity) under or with respect and all payments made by Bermuda Holdings pursuant to the Notes or any Note Guarantee Guarantee, shall be made free and clear of and without withholding deduction or deduction forwithholding, for or on account of, any and all present and future taxes, duties, assessments, or future Taxes 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 the Issuer Kingdom, Bermuda or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes relevant jurisdiction 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 of (1the "RELEVANT JURISDICTION") and (2), a “Tax Jurisdiction”) shall at any time be required in respect of any payments amounts to be paid by the Issuer under this Note or with respect to Bermuda Holdings under the Notes or any Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant GuarantorBermuda Holdings, as applicablethe case may be, 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 shall equal 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 Issuer or Bermuda Holdings, as applicable, shall not be required to make any payment of Additional Amounts shall be payable with respect tofor 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 existence of any present or former connection between such 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 such holder, if the relevant such holder is an estate, nominee, trust, nominee, partnership, limited liability company partnership or corporation), otherwise than merely by the ____________________________ /4/ To be included in Exchange Notes. holding of this Note or the receipt of amounts payable in respect of this Note, and any Relevant Jurisdiction or such holder being subject to the jurisdiction of any Relevant 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 business therein or having had a permanent establishment in, the relevant Tax Jurisdiction therein 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, the 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 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 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 would not have been governmental charge that is imposed or withheld but for 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 Issuer addressed to such holder or beneficial owner of the Notesto provide information, 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 documents or other reporting requirementsevidence concerning the nationality, whether residence, identity or connection with the taxing jurisdiction of such holder or beneficial owner which 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 documentationgovernmental charge; (6c) payments in respect of Definitive Senior Notes issued at the request of the holder (including on or after the occurrence of an Event of Default); or (d) any Taxes imposed in connection with a Note presented for payment combination of items (where presentation is permitted or required for paymenta), (b) 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 (7c) 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 any holder of the Notes if such holder who is a fiduciary or partnership or any 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 member of such partnership or beneficial owner would not have been imposed on such payments entitled to any 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 Internal Revenue Code of 1986beneficiary, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply withsettlor, 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of the 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 thereinthis Note.

Appears in 1 contract

Sources: Indenture (Terra Nova Bermuda Holding 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 shall 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, the 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 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 will 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, the 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, will 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, will shall make all withholdings and deductions (within the time period) required by law and will shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will 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 will 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 the this Indenture or this Note 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) The preceding obligations will This Section 4.12 shall survive any termination, defeasance or discharge of the 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 (Carnival 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 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 shall 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, Note or the Indenture or a Note GuaranteeIndenture, 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 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, the 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 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, will 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 of, the Issuer Company (or any of the Guarantors (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee shall notes 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 To the Issuer, extent 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 Company 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 or any Guarantor Company (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 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 shall 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, the 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 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 payable other than by deduction or withholding from payments under, or with respect to, the Notes or any Note GuaranteeNotes; (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 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; (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 Internal Revenue Code as of 1986, as amended the date hereof (the “Code”) 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 (9viii) any combination of clauses (1i) through (8) vii) above. In addition to the foregoing, the Issuer and the Guarantors 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 any other liabilities related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, the 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) Notes. 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, 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 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 be entitled to rely absolutely on an Officer’s 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 Officer’s Certificate. The Issuer or the relevant Guarantor, if it is the applicable withholding agent, Company will make all withholdings and deductions (within the time periodperiod and in the minimum amount) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 Company 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 beCompany, or if, notwithstanding such entity’s its efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) the Company. Whenever in this Indenture, the Indenture Notes or this Note 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) . The preceding obligations in this Section 2.11 will survive any termination, defeasance or discharge of the 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 (or any Guarantor) Company 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. All amounts payable (awhether in respect of principal, interest or otherwise) All payments made by or on behalf in respect of the Issuer Securities 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, levies, 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 nature imposed or levied by or on behalf of (1) any jurisdiction (other than the United States) in which Kingdom or the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes Cayman Islands or any political subdivision thereof or any authority or agency therein or (2) any jurisdiction from thereof having power to tax, unless the withholding or through which any payment deduction of such taxes, duties, levies, assessments or governmental charges 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 Company or the relevant GuarantorGuarantor will, as applicablejointly or severally, shall pay pay, or cause to be paid, 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 receivable by each beneficial owner of Notes a Holder after such withholding or deduction shall equal the respective amounts that would have been received and retained in respect of receivable by such payments in the absence of Holder had no such withholding or deduction; provideddeduction been required, however, except that no such Additional Amounts shall be payable with in relation to any payment in respect of any of the Securities or the Guarantee (a) to: (1) any Taxes, or to the extent a third party on behalf of, a Person who would be able to avoid such Taxes would not have been imposed withholding or deduction but for a failure to satisfy any applicable statutory cer- tification, information or documentation requirements concerning the holder nationality, residence or the beneficial owner identity of the Notes such Person or to make a declaration of non-residence or similar claim for exemption which, in either case, is required as a precondition to exemption, or is liable for such taxes, duties, levies, assessments or governmental charges in respect of such Security by reason of his having some connection with (or including, without limitation, being a fiduciary, settlor, beneficiary, partner citizen of, member being incorporated 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 residence or principal place of business or other presence in, ) the relevant Tax Jurisdiction United Kingdom or having or having had any other present or former connection with the relevant Tax Jurisdiction, Cayman Islands other than any connection arising solely from (i) the acquisition, ownership mere holding of such Security or disposition of Notes, the exercise or enforcement of rights under such Note, the Indenture or a Note Guarantee, or (ii) the receipt of payments principal, interest, or other amount in respect of such Note or a Note Guarantee; Security; (2b) 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 (Relevant Date, except to the extent that the holder relevant Holder would have been entitled to such Additional Amounts had on presenting the Note been presented same for payment on or before the last day expiry of such period of 30 day period); days; (3c) on account of any estate, inheritance, gift, sale, transferestate, personal property property, sales or transfer or similar Taxes; taxes, duties, levies, assessments or similar governmental charges; (4d) 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 in the United Kingdom; (where presentation is permitted or required e) presented for payment) 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 withholding or deduction by presenting the relevant Note to, Security or otherwise accepting payment from, Securities to another Paying Agent; Agent in a Member State of the European Union; or (7f) on account of any Taxes imposed on taxes, duties, levies, assessments or with governmental charges that are payable otherwise than by withholding from payments in respect of such Security or the Guarantee. If the Guarantor becomes subject generally at any time 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 taxing jurisdiction 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 in addition to the foregoingCayman Islands, references in this section to the Issuer Cayman Islands shall be read and construed as references to such other jurisdiction(s) and/or to the Guarantors will also pay Cayman Islands. If the Company becomes subject generally at any time to any taxing jurisdiction other than or in addition to the United Kingdom, references in this section to the United Kingdom shall be read and indemnify construed as references to such other jurisdiction(s) and/or to the holder United Kingdom. Notwithstanding anything herein to the contrary, in the event that any deduction or withholding for or on account of tax is required to be made, or is made, in connection with any present or future stampEuropean Union directive on the taxation of savings implementing the conclusions of the ECOFIN Council meeting of November 26-27, issue, registration, value added, transfer, court or documentary Taxes2000, or any other excise law implementing 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, issuancecomplying with, or registration of introduced in order to conform to, such directive, no additional amounts shall be payable or paid by the Company or the Guarantor to any holder in respect of the NotesSecurities. Any reference in this Indenture to principal, premium or interest in respect of the IndentureSecurities or the Guarantee, any Note Guarantee or redemption amount and 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 amounts 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Notes or nature 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 also to include refer to any Additional Amounts that may be payable under this Indenture, and the express 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, if the Securities require the payment of Additional Amounts, at least 10 days prior to the extent that, in first Relevant Date with respect to such context, Additional Amounts are, were or would be payable in respect thereof. (e) The preceding obligations will survive any termination, defeasance or discharge of the Indenture, any transfer by a holder or beneficial owner of its NotesSecurities, and will apply, mutatis mutandis, at least 10 days prior to each Relevant Date if there has been 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 change with respect to the Notes (matters set forth in the below-mentioned Officers' Certificate, the Company, the Guarantor or any Note Guarantee) by their designee shall furnish to the Trustee, the Registrar and the Paying Agent an Officers' Certificate instructing the Trustee and such Paying Agents whether such payment of principal of or interest on the Securities shall be made to Holders without withholding for or on behalf account of any tax assessment or other governmental charge described above due to the payment of Additional Amounts by the Company or the Guarantor. If any such Person andpayment of Additional Amounts shall be required, in each casethen such certificate shall specify by country the amount, any political subdivision thereof if any, required to be withheld on such payments to such Holders, and the Company and the Guarantor agree to pay to the Trustee, the Registrar or therein.the Paying Agent the Additional Amounts required. ARTICLE ELEVEN

Appears in 1 contract

Sources: Indenture (Xl Capital LTD)

Additional Amounts. (a) [All payments made of principal, premium, if any, and interest in respect of this [Bond] 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 Republic shall be made free and clear of of, and without withholding or deduction for, for or on account of, any present or future Taxes taxes, duties, assessments or governmental charges of whatever nature imposed, levied, collected, withheld or assessed by or within the Republic or any authority therein or thereof having power to tax (together “Taxes”), unless the such 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 limitationIn such 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 Republic shall pay to the Notes or any Note Guarantee, including, without limitation, payments registered Holders of principal, redemption price, purchase price, interest or premium, the Issuer or the relevant Guarantor, as applicable, shall pay this [Bond] such additional amounts (the “Additional Amounts”) as may be necessary will result in order that the net amounts received and retained in respect receipt by such Holders of such payments amounts of principal, premium and interest as would have been received by each beneficial owner of Notes after them had no such withholding or deduction shall equal the respective amounts that would have been received and retained in respect of such payments in the absence of such withholding or deductionrequired; provided, however, except that no such Additional Amounts shall be payable with respect to: to any [Bond] (1i) any Taxes, to the extent such Taxes would not have been imposed but for the holder a Holder or the a beneficial owner of the Notes (a [Bond] where such Holder or a fiduciary, settlor, beneficiary, partner of, member beneficial owner or shareholder of, or possessor Person is liable for such Taxes in respect of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) being or this [Bond] by reason of his 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, Republic 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, the Indenture or a Note Guarantee, [Bond] or the receipt of payments principal, premium or interest in respect thereof or the enforcement of rights with respect to the [Bond]; (ii) to a Holder or beneficial owner of a [Bond], that failed to comply with any certification, identification or other reporting requirement concerning the nationality, residence, identity or connection with the Republic of such Note Holder or beneficial owner or other Person, if compliance with the requirement is a Note Guarantee; precondition to exemption from all or any portion of such withholding or deduction, provided that (2A) the Republic or the Republic’s agent has notified the Holders of such certification, identification or other reporting requirement at least 15 days before the applicable payment date and (B) 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 Taxesmaterially more onerous information, documents or other evidence than would be required to the extent be provided had such Taxes were imposed as a result of the presentation of a Note 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) presented for payment (where presentation is required) more than 30 days after the relevant payment is first made available for payment to the holder (Relevant Date, as defined herein, except to the extent that the holder Holder thereof would have been entitled to Additional Amounts had on presenting the Note been presented same for payment on the last day of such period of 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, days. 10 To be inserted if the Notes or any Note Guarantee; (5) any Taxes to the extent such Taxes would not have been imposed or withheld but Debt Security provides 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 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, 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, 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 11 To be entitled to rely absolutely on an Officer’s Certificate as conclusive proof that such payments are necessary. (c) The Issuer or inserted if the relevant Guarantor, if it is the applicable withholding agent, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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 Debt Security provides for the payment of Additional Amounts to Amounts. 12 To be inserted if the extent that, in such context, Debt Security provides for the payment of Additional Amounts are, were or would Amounts. 13 To be payable in respect thereofinserted if the Debt Security provides for the payment of Additional Amounts. 14 To be inserted if the Debt Security provides for the payment of Additional Amounts. (e) The preceding obligations will survive any termination, defeasance or discharge of 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 (Republic of Argentina)

Additional Amounts. (a) All payments made by or on behalf of the Issuer Issuer, a Successor Company or any of the Guarantors Guarantor (including, in each case, any successor entitya “Payor”) under or with respect to on 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 of: (1) any jurisdiction (other than the United States) in which the Issuer Payor is incorporated or any Guarantor is or was incorporatedorganized, engaged in businessbusiness for Tax purposes, organized or resident for tax purposes Tax purposes, or any political subdivision or Governmental Authority thereof or therein or having the power to Tax; or (2) any jurisdiction from or through which payment on any payment such Note or Note Guarantee is made by the Issuer, any Successor Company, Guarantor or on behalf of the Issuer or any Guarantor (includingtheir agents, without limitation, the jurisdiction of any Paying Agent) or any political subdivision or Governmental Authority thereof or therein having the power to Tax (each of any jurisdiction described in the foregoing clauses (1) and (2), 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 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 shall equal (including any such deduction or withholding from such Additional Amounts), will not be less than the respective amounts that 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: (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, 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 so imposed but for the existence of any present or former connection between the relevant Holder (or between a fiduciary, settlor, beneficiary, member or shareholder of, or possessor of power over the relevant Holder, if the relevant Holder is an estate, nominee, trust, partnership, limited liability company or corporation) and the Relevant Taxing Jurisdiction (including being a citizen or resident or national of, or carrying on a business or maintaining a permanent establishment in, or being physically present in, the Relevant Taxing Jurisdiction) but excluding, in each case, any connection arising solely from the acquisition, ownership or holding of such Note or Note Guarantee, the enforcement of rights under such Note or Note Guarantee or the receipt of any payment in respect thereof; (2) any Taxes to the extent such Taxes are imposed or withheld but for by reason of the failure by the Holder or the Beneficial Owner of the holder or beneficial owner of the NotesNote, following the Issuer’s after reasonable written request addressed to the holder at least 60 days before any such withholding or deduction would be imposednotice, to comply with a written request of the Payor addressed to the Holder to provide certification, information, documents or other evidence concerning the nationality, residence, entitlement to treaty benefits, or identity of such Holder or Beneficial Owner, or to make any declaration or similar claim or satisfy any other similar certification, documentation, identification, information information, or other reporting requirementsrequirement (in each case, whether to the extent such Holder or Beneficial Owner is legally eligible to do so), which is required by a statute, treaty, regulation or administrative practice of a Tax Jurisdiction, the Relevant Taxing Jurisdiction as a precondition to exemption fromfrom all or part of such tax, assessment or reduction in the rate of other governmental charge; (3) any Taxes that are payable otherwise than by deduction or withholding offrom a payment of the principal, premium, if any, or interest, if any, on the Notes (other than Taxes payable pursuant to Regulation 803 under the Income Tax Act (Canada) (the “Tax Act”)), or any similar or successor provision); (4) any estate, inheritance, gift, sales, transfer, property or a similar Tax or assessment; (5) any Taxes imposed by on a payment because of the Holder or Beneficial Owner not dealing at arm’s length, within the meaning of the Tax Jurisdiction Act with the Payor (includingexcept where such non-arm’s length relationship arises solely from the acquisition, without limitationownership, a certification that or holding of such Note or Note Guarantee, the holder enforcement of rights under such Note or beneficial owner is not resident Note Guarantee or the receipt of payment in the Tax Jurisdictionrespect thereof), 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 on a payment because of the Holder or Beneficial Owner being at any time a “specified shareholder” of the Issuer, within the meaning of subsection 18(5) of the Tax Act or because of such Holder or Beneficial Owner at any time not dealing at arm’s length with such a “specified shareholder”; (7) any Taxes that are required to be deducted or withheld on a payment to an individual and that are required to be made pursuant to the European Council Directive 2003/48/EC or any other directive 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; (8) 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 Beneficial Owner who would have been avoided able to avoid such Tax by presenting the relevant Note to, or otherwise accepting payment from, another Paying Agentreasonably available paying agent; (79) 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 under sections 1471-1474 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 current or future regulations promulgated thereunder, any official thereunder or 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)(1section 1471(b) of the Code Code, any intergovernmental agreement entered into (or treated as being in effect) in connection with the implementation of such sections of the Code, and any amended fiscal or successor version described above)regulatory legislation, rules, or official practices adopted pursuant to such intergovernmental agreement; or (910) any combination of clauses (1) through (8) the above. In addition to the foregoing, the Issuer and the Guarantors 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 (Evraz North America PLC)

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 withholding, shall equal 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, the 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 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 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, 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, the 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, 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, whenever 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the this Indenture or this Note 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) The preceding obligations will survive any termination, defeasance or discharge thereof pursuant to the provisions of this Section and express mention of the Indenturepayment 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 or any of under the Guarantors (includingSenior Notes, in each case, any successor entity) under or with respect and all payments made by Bermuda Holdings pursuant to the Notes or any Note Guarantee shall Guarantee, will be made free and clear of and without withholding deduction or deduction forwithholding, for or on account of, any and all present and future taxes, duties, assessments, or future Taxes 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 the Issuer Kingdom, Bermuda or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes relevant jurisdiction 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 of (1the "RELEVANT JURISDICTION") and (2), a “Tax Jurisdiction”) shall at any time be required in respect of any payments amounts to be paid by the Issuer under the Senior Notes or with respect Bermuda Holdings pursuant 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 GuarantorBermuda Holdings, as applicablethe case may be, shall will pay 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 Senior Notes after such deduction or withholding or deduction shall equal be not less than the respective amounts that would have been received and retained in respect of such payments specified in the absence Senior Notes to which the Holder of such withholding or deductionthe Senior Notes is entitled; provided, however, that no the Issuer or Bermuda Holdings shall not be required to make any payment of Additional Amounts shall be payable with respect tofor 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 such holder is an estate, nominee, trust, nominee, partnership, limited liability company partnership or corporation) otherwise than merely by the holding of the Senior Notes or the receipt of amounts payable in respect of the Senior Notes, and any Relevant Jurisdiction or such holder being subject to the jurisdiction of any Relevant 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 business therein or having had a permanent establishment in, the relevant Tax Jurisdiction therein 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, the 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 the Senior Notes (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 Senior Notes been presented on the last day of such period of 30 day period)days; (3b) 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 would not have been governmental charge that is imposed or withheld but for by reason of the failure to comply by the Holder of the holder or Senior Notes or, if different, the beneficial owner of the Notes, following interest payable on the Issuer’s reasonable written Senior Notes with a timely request of the Issuer addressed to the holder at least 60 days before any such withholding Holder or deduction would be imposedbeneficial owner to provide information, to comply with any certification, identification, information documents or other reporting requirementsevidence concerning the nationality, whether residence, identity or connection with the taxing jurisdiction of such Holder or beneficial owner which 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 documentationgovernmental charge; (6c) payments in respect of Definitive Senior Notes issued at the request of the Holder (including on or after the occurrence of an Event of Default); or (d) any Taxes imposed in connection with a Note presented for payment combination of items (where presentation is permitted or required for paymenta), (b) 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 (7c) 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 interest on, the Guarantors Senior Notes to the any holder of the Notes if such holder who is a fiduciary or partnership or any 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 member of such partnership or beneficial owner would not have been imposed on such payments entitled to any 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 Internal Revenue Code of 1986beneficiary, as amended (the “Code”) or any amended or successor version that is substantively comparable and not materially more onerous to comply withsettlor, 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 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, 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, 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of the Indenture, any transfer by a holder member or beneficial owner been the holder of its the Senior 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 (Terra Nova Bermuda Holding 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) Guarantor under or with respect to the Notes or the Guarantees, including any Note Guarantee consideration transferred in connection with a conversion of Notes (whether Cash Settlement, Physical Settlement or Combination Settlement), shall be made free and clear of and without 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 lawapplicable 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 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 or other surviving entity) is or was then incorporated, organized, engaged in business, organized business or resident for tax purposes 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 Agentpaying agent) or any political subdivision thereof or therein (each of clauses (1) and (2), a “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 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 Holder (including payments of Notes Additional Amounts) after such withholding or deduction shall 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:to any of the following (referred to herein as “Excluded Taxes”): (1i) 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 a fiduciary, settlor, beneficiary, partner ofpartner, member or shareholder ofof the Holder, or possessor as the case may be) of a power over, the relevant holder, if the relevant holder is an estate, trust, nominee, partnership, limited liability company or corporation) Notes 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 organized 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 other than any connection arising solely from the mere acquisition, ownership holding, disposition, enforcement or disposition of Notes, the exercise or enforcement of rights under such Note, the Indenture or a Note Guarantee, or the receipt of payments payment in respect of such Note or a Note Guaranteethe Notes; (2ii) 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 reasonable written request, made to that Holder or beneficial owner in writing at least 30 days before any such withholding or deduction would be made, by the Issuer, any Guarantor or any Paying Agent 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, but only to the extent that the Holder or beneficial owner is legally eligible to provide such evidence and such compliance is not more onerous to the Holder or beneficial owner than would be comparable certification, information, documentation or other reporting requirements imposed under U.S. tax law, regulation and administrative practice (such as IRS Forms W-8 and W-9 or any comparable successor forms); (iii) any Taxes imposed with respect to any Note presented for payment (where presentation is requiredrequired for payment) more than 30 days after the date on which the relevant payment is first made available for became due and payable or the date on which payment to the holder thereof is 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 any day of during such 30 30-day period); (3iv) any estate, inheritance, gift, salesales, transfer, personal property or similar Taxes; (4v) any Taxes payable other than by deduction Tax required to be withheld or withholding from payments underdeducted under Sections 1471 through 1474 of the U.S. Internal Revenue Code of 1986, as amended, or with respect toany amended or successor versions of such Sections (“FATCA”), the Notes any regulations or other guidance thereunder, or any Note Guaranteeagreement (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; (5vi) other than with respect to the initial Holder of the Notes, any Taxes to withheld, deducted or imposed because 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 or any other person entitled to payments under the IssuerNotes, does not deal at arm’s reasonable written request addressed to length with the holder at least 60 days before any such withholding Issuer or deduction would be imposed, to comply with any certification, identification, information a relevant Guarantor or other reporting requirements, whether required by statute, treaty, regulation paying agent for purposes of the Income Tax Act (Canada) or administrative practice of is a Tax Jurisdiction, as a precondition to exemption fromperson who is, or reduction in the rate of deduction or withholding of, Taxes imposed by the Tax Jurisdiction (including, without limitationwho does not deal at arm’s length with, a certification that person who is a “specified shareholder” (as defined in subsection 18(5) of the holder Income Tax Act (Canada)) of the Issuer or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only to the extent the holder a relevant Guarantor or beneficial owner is legally eligible to provide such certification or documentationpaying agent at a relevant time; (6vii) any Taxes withheld, deducted or 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 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 to a Holder that is a fiduciary or fiduciary, a partnership or any a person other than the sole beneficial owner of any such payment, if a beneficiary or settlor with respect to such fiduciary, a member of such partnership or the beneficial owner of such payment to the extent that such Taxes would not have been imposed on such payments entitled to the payment of Additional Amounts had such holder it been the sole beneficial owner of such Note; (8) any Taxes that are imposed pursuant to current Section 1471 through 1474 Holder 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)Note; or (9viii) any combination of clauses (1i) through (8) above. In addition to the foregoing, the Issuer and the Guarantors 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 theretovii) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, 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 thereofthis Section 4.21(a). (b) If the Issuer or any Guarantor, as the case may be, 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 GuaranteeNotes, the Issuer or the relevant Guarantor, as the case may be, will 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 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 such Officer’s Certificate as conclusive proof that such payments are necessary. The Issuer shall provide the Trustee with documentation reasonably satisfactory to each of them evidencing the payment of Additional Amounts. (c) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, will Guarantor shall make all withholdings and deductions (within the time period) required by law Law and will remit the full amount deducted or withheld to the relevant Tax taxing authority in accordance with applicable lawLaw. The Upon request, the Issuer or will provide to the relevant Guarantor will use its reasonable efforts Trustee an official receipt or, if official receipts are not obtainable, other documentation reasonably satisfactory to obtain Tax receipts from each Tax authority the Trustee evidencing the payment of any Taxes so deducted or withheld. The Issuer or shall be responsible for making all calculations called for under this Indenture and the relevant Guarantor will furnish to Notes, and the Trustee (or shall be entitled to a Holder upon request), within 60 days after the date the payment of conclusively rely on 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 entitycalculation provided for in an Officer’s efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entityCertificate. (d) Whenever in the this Indenture or this Note there is mentioned, in any context, context (i) the payment of amounts based upon the principal amount (and premium, if any), (ii) redemption prices or purchase prices in connection with a redemption or repurchase of the Notes Notes, (iii) interest, or of principal, interest or of (iv) 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) The preceding obligations will survive any terminationIssuer and the Guarantors, defeasance or discharge of jointly and severally, shall indemnify the Indenture, any transfer by a holder Trustee and each Holder or beneficial owner of its Notesthe Notes for and hold them harmless against the full amount of (i) any Taxes, and will applyother than Excluded Taxes, mutatis mutandis, to any jurisdiction in which any successor Person to paid by the Issuer (Trustee or any Guarantor) is incorporated, engaged in business, organized or resident for tax purposes, Paying Agent or any jurisdiction from Holder or through which payment is beneficial owner of the Notes in connection with payments made under or with respect to the Notes or the Guarantees held by such Holder or beneficial owner, including any consideration transferred in connection with a conversion of Notes (whether Cash Settlement, Physical Settlement or Combination Settlement), and (ii) any Taxes, other than Excluded Taxes, levied or imposed with respect to any reimbursement under the foregoing clause (i) or this clause (ii). A certificate as to the amount of such requested indemnification, delivered by the Trustee or any Note Guarantee) by Paying Agent or on behalf such Holder or beneficial owners, shall be conclusive absent manifest error. The Issuer shall pay, and indemnify the Trustee, the Paying Agent and each Holder or beneficial owner of such Person the Notes for, any present or future stamp, issue, registration, transfer, court or documentary taxes or any other excise, property or similar Taxes that arise in any relevant Tax Jurisdiction (and, in each casethe case of enforcement, any political subdivision thereof jurisdiction) from the execution, issuance, delivery or thereinenforcement of the Notes, the Guarantees, this Indenture or any other document or instrument in relation thereto, or the receipt of any payments, including any consideration transferred in connection with a conversion of Notes (whether Cash Settlement, Physical Settlement or Combination Settlement), with respect to the Notes or any Guarantees.

Appears in 1 contract

Sources: Business Combination Agreement (M3-Brigade Acquisition III 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 Second Lien Notes (whether or not in the form of Definitive Registered Notes) or any Note of the Guarantors with respect to any Second Lien Notes 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 then incorporated or was incorporatedorganized, engaged in business, organized 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 Second Lien Notes or any Note of the Guarantors under or with respect to any Second Lien Notes 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 shall 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 that 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 Second Lien 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 Second Lien Note, the exercise or enforcement of rights under such Note, the Indenture Second Lien Note or under a Note Guarantee, Second Lien Notes Guarantee or the receipt of any payments in respect of such Second Lien Note or a Note Second Lien Notes Guarantee; (2) any Taxes, to the extent such Taxes were imposed as a result of the presentation of a Second Lien 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 Second Lien 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 withheld, deducted or imposed on a payment to 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 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; (5) Taxes imposed on or with respect to a payment made to a Holder or beneficial owner of Second Lien Notes who would have been able to avoid such withholding or deduction by presenting the relevant Second Lien 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 Second Lien Notes or with respect to any Note Second Lien Notes Guarantee; (57) any Taxes to the extent such Taxes would not have been imposed or withheld but for by reason of the failure of the holder Holder or beneficial owner of the Second Lien Notes, following the Issuer’s to comply with any reasonable written request of the Issuer addressed to the holder Holder 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) 8) 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 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 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)Second Lien Notes; or (9) any combination of clauses items (1) through (8) above. . (b) In addition to the foregoingSection 2.13(a), the Issuer and the Guarantors 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 related thereto) which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Second Lien Notes, the this Indenture, any Note Second Lien Notes 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 Second Lien Notes or any Note Second Lien Notes Guarantee (limited, solely other than on or in connection with a transfer of the case Second Lien Notes other than the initial resale 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 thereofSecond Lien Notes by the Initial Purchasers). (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 Second Lien Notes or any Note Second Lien Notes Guarantee, each of the Issuer or the relevant Guarantor, as the case may be, 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. (cd) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, Guarantor will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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. 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 or beneficial owners of the Second Lien Notes. (de) Whenever in the this Indenture or this Note there is mentioned, in any context, the payment of amounts based upon the principal amount of the Second Lien Notes or of principal, interest or of any other amount payable under, or with respect to, any of the Second Lien Notes or any Note Second Lien Notes 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) The preceding obligations in this Section 2.13 will survive any termination, defeasance or discharge of the this Indenture, any transfer by a holder Holder or beneficial owner of its Second Lien 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 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 Second Lien Notes (or any Note Second Lien Notes 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: Second Lien Notes 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 Notes, or by Exide Parent in respect of any Note Partial Parent Guarantee 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 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 Taxing Authority within France, or within any other jurisdiction (other than the United States) in which the Issuer is organized or any Guarantor is or was incorporated, engaged in business, organized or resident business 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 purposes, unless the Issuer or Exide Parent, as the case may be, is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. (b) If the Issuer or Exide Parent, as the case may be, is required to withhold or deduct any Guarantor (includingamount for or on account of Taxes imposed by a Taxing Authority within France, without limitationor within any other jurisdiction in which the Issuer is organized or engaged in business for tax purposes, the jurisdiction of 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 Note Partial Parent Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumas the case may be, the Issuer or the relevant Guarantor, as applicable, shall Exide Parent 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 of such payments by each beneficial owner holder of Notes (including Additional Amounts) after such withholding or deduction shall equal will not be less than the respective amounts that amount the holder and 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, provided that no Additional Amounts shall will be payable with respect to a payment made to a holder of Notes (an "Excluded Holder") with respect to: (1) any Taxes, to the extent such Taxes Tax which would not have been imposed imposed, payable or due: (i) but for the existence of any present or former connection between 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 overperson ultimately entitled to obtain an interest in, such Notes) and France or other jurisdiction in which the relevant holder, if the relevant holder Issuer is an estate, trust, nominee, partnership, limited liability company organized 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, for tax purposes other than any connection arising solely from the acquisition, ownership or disposition of Notes, the exercise or enforcement of rights under such Note, the Indenture or a Note Guaranteeholding of, 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 ; (ii) if 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 made by presenting or through another paying agent without such withholding; or (iii) if the relevant Note tobeneficial owner of, or otherwise accepting payment from, another Paying Agent; (7) any Taxes imposed on or with respect person ultimately entitled to any payment by the Issuer or any of the Guarantors to obtain an interest in such Notes had been 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 and 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 be entitled 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 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, 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, 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 ; or (2) any Tax which is payable otherwise than by withholding from payments are necessaryof, or in respect of principal of, or any interest on, the Notes. (c) The Issuer shall (i) make such withholding or the relevant Guarantor, if it is the applicable withholding agent, will make all withholdings deduction and deductions (within the time periodii) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor Exide Parent will use its make reasonable efforts to obtain Tax certified copies of tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheldwithheld from each Taxing Authority imposing such Taxes. The Issuer or Exide Parent, as the relevant Guarantor case may be, will furnish to the Trustee (or to a Holder registered Holders, and unregistered holders upon request), 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 GuarantorExide Parent, as the case may be, or ifor, notwithstanding if such entity’s efforts to obtain receipts, receipts are not obtainedobtainable, other evidence of such payments (reasonably satisfactory to by the Trustee) by such entityIssuer or Exide Parent, as the case may be. (d) Whenever in the Indenture or 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 At least 30 days prior 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) The preceding obligations will survive any termination, defeasance or discharge of the Indenture, any transfer by a holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any jurisdiction in each date on 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 Partial Parent Guarantee is due and payable, if the Issuer or Exide Parent, as the case may be, will be obligated to pay Additional Amounts with respect to such payment, the Issuer will deliver to the Paying Agents an Officers' Certificate stating the fact that such Additional Amounts will be payable and the amounts so payable and will set forth such other information necessary to enable the Paying Agents to pay such Additional Amounts to the holders of Notes on behalf of such Person and, in each case, any political subdivision thereof or thereinthe payment date.

Appears in 1 contract

Sources: Fiscal and Paying Agency Agreement (Exide 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 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 shall 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, any Note Guarantee thereof or the Indenture or a Note GuaranteeIndenture, 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 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 NotesIndenture, the IndentureClass A Notes, 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, will 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the Indenture or 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) The preceding obligations will survive any termination, defeasance or discharge of 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 1 contract

Sources: Indenture (Norwegian Cruise Line Holdings Ltd.)

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 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 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 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 other jurisdiction in which any Guarantor is organized having power to tax in the case of payments under the Note GuaranteeGuaranty, 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 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 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, the 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 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 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 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 Internal Revenue Code of 1986tax, as amended (the “Code”) 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 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 shall be required to tax related thereto) which are levied by any jurisdiction on the execution, delivery, issuance, or registration of any of the Notes, 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 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, will 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 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 payableCompany. 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 Any reference in the Indenture or this Note 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 Paragraph 5. The preceding obligations foregoing obligation will survive any termination, defeasance termination or discharge of 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 (including, in each case, any successor entity) under or with respect to the Notes or any Note Guarantee of any series 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 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 shall 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, the Indenture such Note Guarantee or a Note Guaranteethis Indenture, 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 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 (9ix) any combination of clauses (1i) through (8) viii) above. In addition to the foregoing, the Issuer and the Guarantors 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, the 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 (1i) through (3iii) or (5v) through (9ix) 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, will 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, will shall make all withholdings and deductions (within the time period) required by law and will shall remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will 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 will 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 the this Indenture or this Note 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) The preceding obligations will This Section 4.12 shall survive any termination, defeasance or discharge of the 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. Section 4.13 [Reserved].

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 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 except to the extent the withholding or deduction of such Taxes is then required by law (in which case the Issuer or the relevant Guarantor will make all withholdings and deductions 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 (including, for the avoidance of doubt, the United Kingdom as at Issue Date) 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 (other than United States “backup” withholding) from any payments made by or on behalf of the Issuer under or with respect to the Senior Notes or any Guarantor under or with respect to any Note Guarantee, including, without limitation, payments including repayments of principal, redemption price, purchase price, and any payment of 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 by each Holder in respect of such payments by each beneficial owner of Notes after such withholding or deduction shall (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 would not have been imposed but for the holder existence of any actual or the beneficial owner deemed (pursuant to applicable Tax law of the Notes (or a fiduciaryrelevant Tax Jurisdiction, settlor, beneficiary, partner of, member or shareholder of, or possessor of a power over, the relevant holdersuch as, if the relevant holder is applicable, but not limited to, a connection of an estate, nominee, trust, nominee, partnership, limited liability company or corporationcorporation that is attributed to the fiduciary, settlor, beneficiary, member or shareholder, as applicable) present or former connection between the Holder or the beneficial owner of the Senior Notes and the relevant Tax Jurisdiction (including being a resident of such jurisdiction for Tax purposes or 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 Jurisdictiontherein), other than any connection connections arising solely from the acquisition, ownership or disposition holding of Notessuch Senior Note, the exercise or enforcement of rights under such Note, the 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; (2ii) 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); (3iii) any estate, inheritance, gift, sale, transfersales, personal property property, transfer or similar Taxes; (4iv) 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; (5v) any Taxes imposed in connection with a Senior Note presented for payment (where presentation is required for payment) by or on behalf of the Holder or beneficial owner who would have been able to avoid such Tax by presenting the relevant Senior Note to, or otherwise accepting payment from, another Paying Agent in the United Kingdom or any member state of the European Union; (vi) any 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 or any Guarantor addressed to the holder Holder or beneficial owner, as applicable, (and made at least 60 days before any such withholding a time that would enable the Holder or deduction would be imposed, beneficial owner acting reasonably to comply with that request and, in any event, providing at least 30 calendar days' notice) to 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; (7vii) 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) viii) any Taxes, to the extent such Taxes that are were imposed or withheld pursuant to current Section 1471(b) of the Code, or otherwise imposed or withheld pursuant to 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 or agreements thereunder, any official interpretations thereof, or any law implementing an intergovernmental agreement between a non-U.S. jurisdiction and the United States with respect to the foregoing; ​ (or ix) any related law or administrative practices or procedures) implementing the foregoing or any agreements entered into Taxes imposed pursuant to current Section 1471(b)(1the Dutch Withholding Tax Act 2021 (Wet bronbelasting 2021) as published in the Official Gazette (Staatsblad) Stb. 2019, 513 of 27 December 2019 (for the avoidance of doubt, any changes to the yearly updated Dutch Regulation on low-taxing states and non-cooperative jurisdictions for tax purposes (Regeling laagbelastende staten en niet-coöperatieve rechtsgebieden voor belastingdoeleinden) are considered to be part of the Code (or any amended or successor version described aboveDutch Withholding Tax Act 2021 as published in the Official Gazette Stb. 2019, 513 of 27 December 2019); or (9x) any combination of clauses (1items from Sections 4.18(a)(i) through (8) ix) above. . (b) In addition to the foregoing, the Issuer and the Guarantors will also pay and indemnify the holder Holder for any present or future stamp, issue, registration, value added, transfer, court registration or documentary Taxes, or any other excise or property taxes, charges or similar levies Taxes (including penalties, penalties and interest and additions related thereto other than those arising due to tax related theretothe delay or default of the Holder) which are levied by any jurisdiction Tax Jurisdiction on the execution, delivery, issuance, or registration of any of the Senior Notes, the Indenture, this Senior Notes Indenture or any Guarantee Agreement or Note Guarantee or any other document referred to therein, or on the receipt enforcement of any payments with respect thereto, or enforcement of, any of the Senior Notes or any Note Guarantee (limitedfor the avoidance of doubt, solely other than any such Taxes, penalties or interest arising on or in connection with a transfer of the Senior Notes or any further dealings 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 following issuance). (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 Senior Notes or any Note Guarantee, each of the Issuer or the relevant Guarantor, as the case may be, 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 's Certificate stating the fact that Additional Amounts will be payable and the amount estimated to be so payable. The Officer’s Certificate 's 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 's Certificate as conclusive proof that such payments are necessarynecessary without further inquiry, investigation, independent verification or liability of any kind. (cd) The Issuer or the relevant Guarantor, if it is the applicable withholding agent, will make all withholdings and deductions (within the time period) required by law and Guarantor will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor will use its reasonable efforts to obtain Tax receipts from each Tax authority evidencing the payment of any Taxes so deducted or withheld. In discharging any deduction and remittance obligation, any Nigerian Guarantors will be required to issue Tax receipts for the Tax so deducted prescribed in the applicable regulations. The Issuer or the relevant Guarantor (not being a Nigerian Guarantor) 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 's efforts to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entity. (d) Whenever in . In the Indenture or this Note there case of a Nigerian Guarantor, it will be sufficient if the Trustee is mentioned, in any context, the payment of amounts based upon the principal amount furnished with evidence of the Notes or of principal, interest or of any other amount payable under, or with Tax receipts issued by the Nigerian Guarantor in respect to, any of the Notes Tax deducted. Upon reasonable request, copies of Tax receipts or any Note Guaranteeother evidence of payments, such mention shall as the case may be, will be deemed made available by the Trustee to include mention the Holders and beneficial owners of the payment of Additional Amounts to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereofSenior Notes. (e) The preceding obligations will survive any termination, defeasance or discharge of 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: Senior Notes Indenture (IHS Holding LTD)

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) Company makes under or with respect to the Notes 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, or on account of, any present or future Taxes tax, duty, levy, assessment or other governmental charge, including any related interest, penalties or additions to tax (“Taxes”), unless the such withholding or deduction of such Taxes is then required by law. If the Issuer, any Guarantor such 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 either the Issuer Company or any Guarantor is incorporated or was incorporatedorganized, engaged in business, organized business for tax purposes or resident for tax purposes 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 Guarantor (includingsuch Guarantor, without limitation, the jurisdiction of any Paying Agent) or any political subdivision thereof or therein (each of (1) and (2)each, a “Relevant Tax Jurisdiction”) will at any time be required to be made in respect of any payments made by the Company or any such Guarantor under or with respect to the Notes or any Note Guarantee, including, without limitation, including payments of principal, redemption price, purchase price, interest or premium, the Issuer Company or the relevant any such 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 by each Holder in respect of such payments by each beneficial owner of Notes after such withholding or deduction shall by the applicable withholding agent (including any such withholding or deduction 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, to the extent such Taxes would not have been imposed but for the holder existence of any actual or deemed present or former connection between 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, and 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 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 of Notes, the exercise or enforcement of rights under such Note, the Indenture enforcement of such Note or a any Note Guarantee, Guarantee or the receipt of any payments in under or with respect of to such Note or a Note Guarantee; (2) any Tax imposed on or with respect to any payment by the Company or a Guarantor to the Holder if such Holder is a fiduciary or partnership or person other than the sole beneficial owner of such payment to the extent that Taxes would not have been imposed on such payment had the beneficiary, partner or other beneficial owner directly held the Note, provided that there is no material cost or commercial or legal restriction to transferring the notes to the beneficiary, partner or other beneficial owner; (3) any Taxes, to the extent such Taxes were imposed as a result of the presentation (where presentation is required in order to receive payment) 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); (34) any estate, inheritance, gift, salesales, transfer, personal property or similar Taxes; (45) any Taxes imposed by the United States, any state thereof or the District of Columbia, or any subdivision thereof, including U.S. federal withholding taxes and any Taxes under FATCA; (6) any Taxes payable other than by deduction or withholding from payments under, under or with respect to, the Notes to a Note or any Note GuaranteeGuarantee of such Note; (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 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 timely reasonable written request of the Company or the Guarantors, as applicable, addressed to the Holder or beneficial owner to satisfy any certification, identification, information or other reporting requirements, whether required by statute, treaty, regulation or administrative practice of a Relevant Tax Jurisdiction, as a precondition to exemption from, or reduction in the rate of deduction or withholding of, Taxes imposed by the Relevant Tax Jurisdiction (including, without limitation, a certification that the holder Holder or beneficial owner is not resident in the Relevant Tax Jurisdiction), but in each case, 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 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;; or (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 items (1) through (8) 7) above. . (b) In addition to the foregoing, each of the Issuer Company and the Guarantors 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 duties or similar levies (including related penalties, interest and additions to tax related Tax with respect thereto) which are levied by any jurisdiction Relevant Tax Jurisdiction (for the avoidance of doubt, excluding the United States, any state thereof or the District of Columbia or any political subdivision thereof or therein) on the execution, delivery, issuance, or registration of any of this Indenture, the Notes, the Indenture, any Note Guarantee or any other document or instrument referred to therein, or the receipt of any payments under or with respect theretoto, or enforcement of, this Indenture, the Notes, any Note Guarantee or any other such document or instrument. No Guarantor will, however, pay any such amounts that are imposed on or result from a sale or other transfer or disposition of a note by a Holder or a beneficial owner and that would not have been imposed or resulted but for the existence of any actual or deemed present or former connection between such Holder or beneficial owner of the Notes Note and the Relevant Tax Jurisdiction, other than any connection arising solely from the ownership or disposition of such Note, the enforcement of such Note or any Note Guarantee (limited, solely in the case of Taxes attributable to or the receipt of any paymentspayments under or with respect to such Note or a Note Guarantee and limited, solely to the extent of such taxes and similar charges or levies that arise from the receipt of any payments of principal or interest on the Notes, to any such Taxes imposed in a Tax Jurisdiction taxes or similar charges or levies that are not excluded under clauses (1) through (3) or (5) through (9) above or any combination thereof)8) above. (bc) If the Issuer Company or any Guarantor, as the case may be, 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 Guarantee, the Issuer Company or the relevant such Guarantor, as the case may beapplicable, 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 30 days prior to that payment date, in which case the Issuer Company or the relevant Guarantor Guarantors, as applicable, shall notify deliver to 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 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 solely on an such 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 agentas applicable, will make all withholdings and deductions (within the time period) required by law to be withheld or deducted by it and 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 Guarantor, as applicable, 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 Company or the relevant Guarantor Guarantor, as applicable, will furnish to the Trustee (or to a Holder or beneficial owner upon written request), 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 or Company or the Issuer or a Guarantor, as the case may beapplicable, 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 the this Indenture or this Note there is mentionedreferred to, in any context, the payment of amounts based upon the principal amount of the Notes or of principal, interest interest, premium, redemption price or of any other amount payable under, or amounts with respect to, to any of the Notes or any Note GuaranteeNote, 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. (ef) The preceding above obligations will survive any termination, defeasance or discharge of the this Indenture, any transfer by a holder Holder or beneficial owner of its Notes, and will apply, mutatis mutandis, to any successor Persons to the Company or the Guarantors, as applicable, and to any jurisdiction in which any successor Person to the Issuer (Company or any Guarantor) the Guarantors, as applicable, is incorporatedincorporated or organized, engaged in business, organized business for tax purposes or 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 andon any Note, in each caseNote Guarantee, and any political subdivision thereof or therein.

Appears in 1 contract

Sources: Indenture (Atento S.A.)

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, or on account of, any present or future Taxes tax, duty, levy, impost, assessment or other governmental charge (including penalties, interest and other liabilities related thereto) (hereinafter "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 government of the Issuer or any Guarantor is or was incorporated, engaged in business, organized or resident for tax purposes Republic of ▇▇▇▇▇▇▇▇ Islands or any political subdivision thereof or any authority or agency therein or thereof having power to tax, or any other jurisdiction in which the Company or any Guarantor (2including any successor entity) is organized or is otherwise resident for tax purposes, or 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 each Paying Agent) or any political subdivision thereof or therein (each of (1) and (2a "Specified Tax Jurisdiction"), a “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 the Note Guarantee, including, without limitation, payments of principal, redemption price, purchase price, interest or premiumGuarantees, the Issuer or Company, the relevant GuarantorGuarantor or other payor, 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 of such payments by each beneficial owner of Notes a Holder (including Additional Amounts) after such withholding or deduction shall equal will 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 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 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 corporationNotes) 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 Specified Tax Jurisdiction, Jurisdiction (other than any connection arising solely from the mere acquisition, ownership ownership, holding, enforcement or disposition of Notes, the exercise or enforcement of rights under such Note, the Indenture or a Note Guarantee, or the receipt of payments payment in respect of such the Notes or the Note or a Note GuaranteeGuarantees); (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, excise, transfer, personal property tax or similar Taxestax, assessment or governmental charge; (43) any Taxes payable other than by deduction or withholding from payments under, or with respect to, the Notes or the Note Guarantees; (4) any Note GuaranteeTaxes imposed as a result of the failure of the Holder (or beneficial owner of the Notes) to complete, execute and deliver to the Company or the relevant Guarantor, as applicable, any form or document to the extent applicable to such Holder or beneficial owner that may be required by law or by reason of administration of such law and which is reasonably requested in writing to be delivered to the Company or the relevant Guarantor in order to enable the Company or the relevant Guarantor to make payments on the Notes without deduction or withholding for Taxes, or with deduction or withholding of a lesser amount, which form or document will be delivered within 60 days of a written request therefor by the Company or the relevant Guarantor; (5) any Taxes to the extent such Taxes that would not have been so imposed or withheld but for the failure beneficiary of the holder payment having presented a Note for payment (in cases in which presentation is required) more than 30 days after the date on which such payment or beneficial owner of such Note became due and payable or the Notesdate on which payment thereof is duly provided for, 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 whichever is later (including, without limitation, a certification that the holder or beneficial owner is not resident in the Tax Jurisdiction), but in each case, only except to the extent that the holder or beneficial owner is legally eligible Holder would have been entitled to provide Additional Amounts had the Note been presented on the last day of such certification or documentation30-day period); (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 Company or any of the Guarantors 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 payment, to the extent that a beneficiary or settlor with respect to such Taxes fiduciary, a member of such partnership or the beneficial owner of such payment would not have been imposed on such payments entitled to Additional Amounts had such holder beneficiary, settlor, member or beneficial owner been the sole beneficial owner actual Holder of such Note; (8) 7) any Taxes that are imposed required to be deducted or withheld on a payment pursuant to current Section 1471 through 1474 European Council Directive 2003/48/EC or any law implementing, or introduced in order to conform to, such directive; (8) any Taxes imposed on a Note presented for payment by or on behalf of a holder or beneficial owner who would have been able to avoid such Tax by presenting the relevant Note to another Paying Agent in a member state 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)European Union; or (9) any combination of clauses items (1) through (8) above. In addition to the foregoing, the Issuer and the Guarantors 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, 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 Company 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 the Note GuaranteeGuarantees, the Issuer Company or the relevant Guarantor, as the case may beapplicable, will deliver to the Trustee on a date that is and Paying Agent 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 Guarantor, as applicable, will notify the Trustee and Paying Agent promptly thereafterthereafter but in no event later than two Business Days prior to the date of payment) 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 Agent to pay Additional Amounts to Holders holders on the relevant payment date. The Issuer or the relevant Guarantor Trustee and Paying Agent 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 Officer’s such Officers' Certificate as conclusive proof that such payments are necessary. The Company or the relevant Guarantor, as applicable, will provide the Trustee and Paying Agent with documentation reasonably satisfactory to the Trustee and Paying Agent evidencing the payment of Additional Amounts. (c) The Issuer Company or the relevant Guarantor, if it is the applicable withholding agentas applicable, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax governmental authority on a timely basis in accordance with applicable law. The Issuer or As soon as practicable, the relevant Guarantor Company will use its reasonable efforts provide the Trustee and Paying Agent with an official receipt or, if official receipts are not obtainable, other documentation reasonably satisfactory to obtain Tax receipts from each Tax authority the Trustee and Paying Agent evidencing the payment of any the Taxes so deducted withheld or withhelddeducted. The Issuer or the relevant Guarantor will 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 will be made available by the Trustee and Paying Agent to obtain receipts, receipts are not obtained, other evidence of payments (reasonably satisfactory to the Trustee) by such entityHolders. (d) Whenever in the this Indenture or this Note there is mentionedreferenced, 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 the Note GuaranteeGuarantees, such mention shall reference will be deemed to include mention of the payment of Additional Amounts as described in this Section 4.23(d) to the extent that, in such context, Additional Amounts are, were or would be payable in respect thereof. (e) The preceding Company or the relevant Guarantor, as applicable, will indemnify a Holder, within 10 Business Days after written demand therefor, for the full amount of any Taxes paid by such Holder to a governmental authority of a Specified Tax Jurisdiction, on or with respect to any payment by on or account of any obligation of the Company or any Guarantor, as applicable, to withhold or deduct an amount on account of Taxes for which the Company or the relevant Guarantor, as applicable, would have been obliged to pay Additional Amounts hereunder and any penalties, interest and reasonable expenses arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally imposed or asserted by the relevant governmental authority. A certificate as to the amount of such payment or liability delivered to the Company or the relevant Guarantor by a Holder will be conclusive absent manifest error (f) The Company or the relevant Guarantor, as applicable, 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 Specified Tax Jurisdiction from the execution, delivery, enforcement or registration of the Notes, the Note Guarantees, this Indenture or any other document or instrument in relation thereof, or the receipt of any payments with respect to the Notes or the Note Guarantees, and the Company or the relevant Guarantor, as applicable, will indemnify the Holders for any such taxes paid by such Holders. (g) The obligations under this Section 4.23(g) will survive any termination, defeasance or discharge of the Indenture, any transfer by a holder or beneficial owner of its Notes, this Indenture and will apply, apply mutatis mutandis, mutandis to any jurisdiction in which any successor Person person to the Issuer (Company 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 authority or agency thereof or therein.

Appears in 1 contract

Sources: Indenture (Ocean Rig UDW Inc.)

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 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, the 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 Internal Revenue Code of 1986, as amended (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 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, 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 jurisdiction that imposes the case may be, will 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, will make all withholdings and deductions (within the time period) required by law and will remit the full amount deducted or withheld to the relevant Tax authority in accordance with applicable law. The Issuer or the relevant Guarantor 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 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 the this Indenture or this Note 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) The preceding obligations will survive any terminationthereof pursuant to such terms, defeasance or discharge and express mention of the Indenturepayment 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, any transfer by if the Securities of a holder series provide for the payment of Additional Amounts, at least 10 days prior to the first Interest Payment Date with respect to such series of Securities (or beneficial owner if the Securities of its Notessuch series shall not bear interest prior to Maturity, the first day on which a payment of principal is made), and will apply, mutatis mutandis, at least 10 days prior to each date of payment of principal or interest if there has been 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 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)