Common use of Deduction or Withholding for Tax Clause in Contracts

Deduction or Withholding for Tax. Notwithstanding the definition of “Indemnifiable Tax” in Section 14 of this Agreement, in relation to payments by Party A, any Tax shall be an Indemnifiable Tax and, in relation to payments by Party B, no Tax shall be an Indemnifiable Tax.

Appears in 5 contracts

Samples: Pooling and Servicing Agreement (MASTR Adjustable Rate Mortgages Trust 2007-Hf2), Pooling and Servicing Agreement (MASTR Asset Backed Securities Trust 2006-Nc3), Assignment and Recognition Agreement (MASTR Asset Backed Securities Trust 2006-He5)

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Deduction or Withholding for Tax. Notwithstanding the definition of “Indemnifiable Tax” in Section 14 of this Agreement, in relation to payments by Party A, any Tax shall payment required to be an Indemnifiable Tax and, in relation to payments made by Party B, no Tax shall be an Indemnifiable Tax, and in relation to any payment required to be made by Party A, each and every Tax shall be an Indemnifiable Tax.

Appears in 3 contracts

Samples: Interest Rate Swap Agreement (Keycorp Student Loan Trust 2000-A), Rate Swap Agreement (Keycorp Student Loan Trust 2000-B), Swap Agreement (Keycorp Student Loan Trust 2001-A)

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