DOUBLE TAX TREATIES. Where the Borrower is or may be obliged to withhold tax from any payment to a Bank under the Finance Documents and its obligation to withhold such tax may be eliminated or reduced under any applicable double taxation agreement or treaty, the relevant Bank will promptly comply with all appropriate formalities required to be performed by it under such double taxation agreement or treaty (save as may depend on action being taken by a third party which has not been taken) so that it can receive payments from the Borrower under the Finance Documents without deduction of such tax or with deduction at the reduced level permitted by such double taxation agreement or treaty.
DOUBLE TAX TREATIES. For the purposes of Clause 11.3(a) above, a financial institution which is a Qualifying Bank by virtue of satisfying part (b) of the definition thereof shall nevertheless not be treated as a Qualifying Bank until the Obligors receive an appropriate direction as described in that part (b).
DOUBLE TAX TREATIES. If and to the extent that the effect of Clause 11.1 (Gross-up) can be mitigated in respect of any Bank by virtue of the provisions of any applicable double tax treaty, such Bank shall promptly (and in any event before the relevant payment is due to be made) complete and deliver to the appropriate person such application and take such other steps as are required pursuant to such treaty to enable the Borrower to make the relevant payment without deduction and which the relevant Bank is able to make under applicable law or practice.
DOUBLE TAX TREATIES. No relief or credit which has been claimed by any Target Group Company or which 126 124 any Target Group Company is entitled to claim under any double tax agreement or convention entered into between the jurisdiction in which it is resident and any other relevant jurisdiction may be disallowed or withdrawn, postponed, restricted, clawed back or otherwise lost as a result of any Transaction which occurred on or before Completion.
DOUBLE TAX TREATIES. Save as disclosed in the Disclosure Letter, each Group Company is entitled to claim the benefit of any double taxation agreement or convention entered into between the Jurisdiction in which it is resident and any other relevant jurisdiction. 137
DOUBLE TAX TREATIES. Each PMD Group Company is a resident for the purposes of any double taxation agreement or convention entered into between the jurisdiction in which it is resident and any other relevant jurisdiction.
DOUBLE TAX TREATIES. Each Bank and the Facility Agent or the relevant Obligor (as the case may be) shall as soon as reasonably practicable after the date hereof or upon becoming a party to this Agreement or (as the case may be) after the date a Borrower not incorporated in the United Kingdom accedes to this Agreement submit the form or forms to the appropriate revenue authorities as may reasonably be necessary in order to comply with the requirements of any applicable law or relevant double taxation (if any) in relation to the payment of any interest and commitment commission hereunder to such Bank or the Facility Agent free (or subject to any applicable reduced rate) of deduction or withholding of or on account of any Tax which would otherwise be applicable and, if such Bank or the Facility Agent fails to comply with this Clause 14.8 the relevant Obligor shall not have any obligation to pay any increased amount required by Clauses 14.2 or 14.3 if and to the extent that it would not have been required to make any deduction or withholding (or would only have been required to make any such deduction or withholding at any applicable reduced rate) of or on account of any Tax had such Bank or the Facility Agent complied with this Clause 14.8.
