Common use of PAYMENTS FREE OF DEDUCTION Clause in Contracts

PAYMENTS FREE OF DEDUCTION. All payments to be made to the Security Trustee, any Delegate and/or any Receiver under this Debenture shall be made free and clear of and without set-off or deduction for or on account of tax unless the Company is required to make such payment subject to the deduction or withholding of tax, in which case the sum payable by the Company in respect of which such deduction or withholding is required to be made shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the person on account of whose liability to tax such deduction or withholding has been made receives and retains (free from any liability in respect of any such deduction or withholding) a net sum equal to the sum which it would have received and so retained had no such deduction or withholding been made or required to be made.

PAYMENTS FREE OF DEDUCTION. All payments to be made to the Security Trustee, any Delegate and/or any Receiver under this Debenture Shares Charge shall be made free and clear of and without set-off or deduction for or on account of tax unless the Company Chargor is required to make such payment subject to the deduction or withholding of tax, in which case the sum payable by the Company Chargor in respect of which such deduction or withholding is required to be made shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the person on account of whose liability to tax such deduction or withholding has been made receives and retains (free from any liability in respect of any such deduction or withholding) a net sum equal to the sum which it would have received and so retained had no such deduction or withholding been made or required to be made.

PAYMENTS FREE OF DEDUCTION. All payments to be made to the Security Trustee, any Delegate and/or any Receiver under this Debenture or any Mortgage shall be made free and clear of and without set-off or deduction for or on account of tax unless the a Company is required to make such payment subject to the deduction or withholding of tax, in which case the sum payable by the that Company in respect of which such deduction or withholding is required to be made shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the person on account of whose liability to tax such deduction or withholding has been made receives and retains (free from any liability in respect of any such deduction or withholding) a net sum equal to the sum which it would have received and so retained had no such deduction or withholding been made or required to be made.

PAYMENTS FREE OF DEDUCTION. All payments to be made to the Security Trustee, any Delegate and/or any Receiver under this Debenture Deed shall be made free and clear of and without set-off or deduction for or on account of tax unless the Company Chargor is required to make such payment subject to the deduction or withholding of tax, in which case the sum payable by the Company Chargor in respect of which such deduction or withholding is required to be made shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the person on account of whose liability to tax such deduction or withholding has been made receives and retains (free from any liability in respect of any such deduction or withholding) a net sum equal to the sum which it would have received and so retained had no such deduction or withholding been made or required to be made.

PAYMENTS FREE OF DEDUCTION. All payments to be made to the Security Trustee, any Delegate and/or any Receiver Chargee under this Debenture shall be made free and clear of and without set-off or deduction for or on account of tax unless the Company Chargor is required to make such payment subject to the deduction or withholding of tax, in which case the sum payable by the Company Chargor in respect of which such deduction or withholding is required to be made shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the person on account of whose liability to tax such deduction or withholding has been made receives and retains (free retains(free from any liability in respect of any such deduction or withholding) a net sum equal to the sum which it would have received and so retained retain had no not such deduction or withholding been made or required to be made.

PAYMENTS FREE OF DEDUCTION. All payments to be made to the Security Trustee, any Delegate and/or any Receiver Trustee under this Debenture or any Mortgage shall be made free and clear of and without set-off or deduction for or on account of tax unless the Company relevant Chargor is required to make such payment subject to the deduction or withholding of tax, in which case the sum payable by the Company such Chargor in respect of which such deduction or withholding is required to be made shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the person on account of whose liability to tax such deduction or withholding has been made receives and retains (free from any liability in respect of any such deduction or withholding) a net sum equal to the sum which it would have received and so retained had no such deduction or withholding been made or required to be made.