Common use of TAX SYSTEM Clause in Contracts

TAX SYSTEM. The securities registered with the NBB-SSS are subject to the tax rules laid down by the Law of 6 August 1993 on transactions in certain securities and its implementing regulations, particularly with regards to the formulas applicable for the calculation of interests. With regards to the tax liabilities of the NBB-SSS, the Issuer, the Participants and clients, reference is made to the laws and regulations in force.

Appears in 2 contracts

Sources: Service Contract, Service Contract

TAX SYSTEM. The securities registered with the NBB-SSS are subject to the tax rules laid down by the Law of 6 August 1993 on transactions in certain securities and its implementing regulations, particularly with regards in regard to the formulas applicable for the calculation of interests. With regards In regard to the tax liabilities of the NBB-SSS, the Issuerissuer, the Participants and clientsthe sub-Participants, reference is made to the laws and regulations in force.

Appears in 1 contract

Sources: Service Contract for the Issuance of Fixed Income Securities