Common use of Deductions or withholding Clause in Contracts

Deductions or withholding. 11.4.2.1 If any amount of any payment under this Agreement is required to be deducted and withheld with respect to the making of such payment under any provision of applicable Law, the applicable Party (the “Withholding Agent”) shall be entitled to deduct and withhold such amount as required by applicable Law, provided that prior to such withholding, the Withholding Agent shall give written notice of its intention to deduct and withhold and allow the other Party sufficient time to furnish any required documentation and forms to minimize or eliminate such withholding. The Withholding Agent shall pay all such withheld amounts to the applicable Governmental Authority. For the avoidance of doubt, the provisions of this Section 11.4 shall apply to Affiliates of Distributor and Supplier as if such Affiliate were Distributor or Supplier, as applicable.

Appears in 2 contracts

Samples: Distribution Agreement (Embecta Corp.), Distribution Agreement (Embecta Corp.)

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Deductions or withholding. 11.4.2.1 11.5.2.1 If any amount of any payment under this Agreement is required to be deducted and withheld with respect to the making of such payment under any provision of applicable Law, the applicable Party (the “Withholding Agent”) shall be entitled to deduct and withhold such amount as required by applicable Law, provided that prior to such withholding, the Withholding Agent shall give written notice of its intention to deduct and withhold and allow the other Party sufficient time to furnish any required documentation and forms to minimize or eliminate such withholding. The Withholding Agent shall pay all such withheld amounts to the applicable Governmental Authority. For the avoidance of doubt, the provisions of this Section 11.4 11.5 shall apply to Affiliates of Distributor Service Provider and Supplier Service Recipient as if such Affiliate were Distributor Service Provider or SupplierService Recipient, as applicable.

Appears in 2 contracts

Samples: Logistics Services Agreement (Embecta Corp.), Logistics Services Agreement (Embecta Corp.)

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