Common use of Permitted Deductions Clause in Contracts

Permitted Deductions. The Collateral Agent shall be entitled to set aside by way of reserve amounts required to meet, and to make and pay, any deductions and withholdings (on account of taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Deed, and to pay all taxes which may be assessed against it in respect of any of the Trust Property or Trust Property Delegated, as applicable, or as a consequence of performing its duties, or by virtue of its acting in its capacity as Collateral Agent under any of the Credit Documents or otherwise (other than in connection with its remuneration for performing its duties under this Deed).

Permitted Deductions. The Collateral Agent shall be entitled to set aside by way of reserve amounts required to meet, and to make and pay, any deductions and withholdings (on account of taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Deed, and to pay all taxes which may be assessed against it in respect of any of the Trust Property or Trust Property Delegated, as applicable, applicable or as a consequence of performing its duties, or by virtue of its acting in its capacity as Collateral Agent under any of the Credit Documents or otherwise (other than in connection with its remuneration for performing its duties under this Deed).

Permitted Deductions. The Collateral Agent shall be entitled (a) to set aside by way of reserve amounts required to meet, and (b) to make and pay, any deductions and withholdings (on account of taxes Taxes or otherwise) ), which it is or may be required by any applicable law to make from any distribution or payment made by it under this Deed, and to pay all taxes Taxes which may be assessed against it in respect of any of the Trust Property or Trust Property Delegated, as applicableSecured Property, or as a consequence of performing its duties, or by virtue of its acting in its capacity as Collateral Agent under any of the Credit Loan Documents or otherwise (other than in connection with its remuneration for performing its duties under this Deed).

Permitted Deductions. The Collateral Agent shall be entitled entitled, in its discretion, (a) to set aside by way of reserve amounts required to meet, meet and (b) to make and pay, any deductions and withholdings (on account of taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Deed, and to pay all taxes which may be assessed against it in respect of any of the Trust Property or Trust Property Delegated, as applicableTransaction Security, or as a consequence of performing its duties, or by virtue of its acting in its capacity as Collateral Agent under any of the Credit Debt Documents or otherwise (other than in connection with its remuneration for performing its duties under this Deed).