Common use of PAYMENTS FREE OF DEDUCTION Clause in Contracts

PAYMENTS FREE OF DEDUCTION. All payments to be made by the Company under this Agreement shall be made free and clear of and without 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. 31.1 All payments to be made by the Company under this Agreement Debenture shall be made in full without set-off or counter-claim and free and clear of and without 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 Bank or withholding has been made other recipient receives and retains (free from any liability in respect of any such deduction or withholding) a net sum equal to the sum which it or he would have received and so retained had no such deduction or withholding been made or required to be made.. The Company shall:

PAYMENTS FREE OF DEDUCTION. All payments to be made by to the Company Chargee under this Agreement shall be made free and clear of and without 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 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.