Common use of Grossing-up for taxes Clause in Contracts

Grossing-up for taxes. If the Guarantor is required by law to make a tax deduction, the amount due to the Lender shall be increased by the amount necessary to ensure that the Lender receives and retains a net amount which, after the tax deduction, is equal to the full amount that it would otherwise have received.

Grossing-up for taxes. If the Guarantor is required by law to make a tax deduction, the amount due to the Lender Owner shall be increased by the amount necessary to ensure that the Lender Owner receives and retains a net amount which, after the tax deduction, is equal to the full amount that it would otherwise have received.

Grossing-up for taxes. If the Guarantor is required by law to make a tax deduction, the amount due to the Lender Issuer shall be increased by the amount necessary to ensure that the Lender Issuer receives and retains a net amount which, after the tax deduction, is equal to the full amount that it would otherwise have received.

Grossing-up for taxes. If the Guarantor is required by law to make a tax deduction, the amount due to the Lender Holder shall be increased by the amount necessary to ensure that the Lender Holder receives and retains a net amount which, after the tax deduction, is equal to the full amount that it would otherwise have received.

Grossing-up for taxes. If the Guarantor is required by law to make a tax deduction, the amount due to the Lender Mortgagee shall be increased by the amount necessary to ensure that the Lender Mortgagee receives and retains a net amount which, after the tax deduction, is equal to the full amount that it would otherwise have received.

Grossing-up for taxes. If the Guarantor is required by law to make a tax deduction, the amount due to the Lender paid shall be increased by the amount necessary to ensure that the Lender recipient receives and retains a net amount which, after the tax deduction, is equal to the full amount that it would otherwise have received.