Common use of Tax Relief Services Clause in Contracts

Tax Relief Services. (a) Subject to the provisions of this Section, X.X. Xxxxxx will promptly apply for a reduction of withholding tax and any refund of any tax paid or tax credits in respect of income payments on Financial Assets of a Customer credited to the Securities Account of such Customer that X.X. Xxxxxx believes may be available to the Customer . To defray expenses pertaining to nominal tax claims, X.X. Xxxxxx may from time-to-time set reasonable minimum thresholds as to a de minimis value of tax reclaims or reduction of withholding which it will pursue in respect of income payments under this Section.

Tax Relief Services. (a) Subject to the provisions of this Section, X.X. Xxxxxx will promptly apply for a reduction of withholding tax and any refund of any tax paid or tax credits in respect of income payments on Financial Assets of a Customer credited to the Securities Account of such Customer that X.X. Xxxxxx believes may be available to any or all of the Customer Funds. To defray expenses pertaining to nominal tax claims, X.X. Xxxxxx may from time-to-time set reasonable minimum thresholds as to a de minimis value of tax reclaims or reduction of withholding which it will pursue in respect of income payments under this Section.