Common use of Withholding from Payments Clause in Contracts

Withholding from Payments. Any Fees paid by Content Provider hereunder shall be paid without deduction or withholding for or on account of any present or future tax, assessment, or governmental charge imposed or levied, unless in each case the withholding or deduction of such tax, assessment or governmental charge is required by law. In the event such withholding or deduction is so required, Content Provider shall include with its payment written notification of such withholding and shall forward to AACS LA in a timely manner (but no later than ninety (90) days after such notification) evidence of such withholding adequate to permit AACS LA and/or the Licensors to claim relevant tax credits under applicable treaties. Content Provider assumes full responsibility for remitting such withholding to the proper authority. Failure to provide suitable evidence of withholding shall result in the amount of the withholding being re-applied to Content Provider’s account as a balance in arrears.

Withholding from Payments. Any Fees paid by Content Provider Participant hereunder shall be paid without deduction or withholding for or on account of any present or future tax, assessment, or governmental charge imposed or levied, unless in each case the withholding or deduction of such tax, assessment or governmental charge is required by law. In the event such withholding or deduction is so required, Content Provider Participant shall include with its payment written notification of such withholding and shall forward to AACS LA in a timely manner (but no later than ninety (90) days after such notification) evidence of such withholding adequate to permit AACS LA and/or the Licensors to claim relevant tax credits under applicable treaties. Content Provider Participant assumes full responsibility for remitting such withholding to the proper authority. Failure to provide suitable evidence of withholding shall result in the amount of the withholding being re-applied to Content ProviderParticipant’s account as a balance in arrears.