Common use of Right to Deduct or Withhold Clause in Contracts

Right to Deduct or Withhold. Notwithstanding any other provision of this Trust Deed, the Trustee shall be entitled to make a deduction or withholding from any payment which it makes under the Notes or the Notes Guarantee for or on account of any Tax, if and only to the extent so required by applicable law, in which event the Trustee shall make such payment after such deduction or withholding has been made and shall account to the relevant authority within the time allowed for the amount so deducted or withheld or, at its option, shall reasonably promptly after making such payment return to the Issuer or Guarantor (as applicable) the amount so deducted or withheld, in which case, the Issuer or Guarantor (as applicable) shall so account to the relevant Authority for such amount. For the avoidance of doubt, FATCA Withholding is a deduction or withholding which is deemed to be required by applicable law for the purposes of this Clause 10.1.9; and

Right to Deduct or Withhold. Notwithstanding any other provision of this Trust Deed, the Trustee shall be entitled to make a deduction or withholding from any payment which it makes under the Notes or the Notes Guarantee for or on account of any Tax, if and only to the extent so required by applicable law, in which event the Trustee shall make such payment after such deduction or withholding has been made and shall account to the relevant authority within the time allowed for the amount so deducted or withheld or, at its option, shall reasonably promptly after making such payment return to the Issuer or Guarantor (as applicable) the amount so deducted or withheld, in which case, the Issuer or Guarantor (as applicable) shall so account to the relevant Authority for such amount. For the avoidance of doubt, FATCA Withholding is a deduction or withholding which is deemed to be required by applicable law for the purposes of this Clause 10.1.99.1.9; and

Right to Deduct or Withhold. Notwithstanding any other provision of this Trust Deed, the Trustee shall be entitled to make a deduction or withholding from any Distribution or payment which it makes under the Notes or the Notes Guarantee Securities for or on account of any Tax, if and only to the extent so required by applicable law, in which event the Trustee shall make such Distribution or payment after such deduction or withholding has been made and shall account to the relevant authority within the time allowed for the amount so deducted or withheld or, at its option, shall reasonably promptly after making such payment return to the Issuer or Guarantor (as applicable) the amount so deducted or withheld, in which case, the Issuer or Guarantor (as applicable) shall so account to the relevant Authority for such amount. For the avoidance of doubt, FATCA Withholding is a deduction or withholding which is deemed to be required by applicable law for the purposes of this Clause 10.1.9; and