Deductions. Any payments made by the Client under the Frame Agreement must be without any deductions. If a deduction is required by legal regulations to be made by the Client in respect to any such payment, the Client is obliged to increase the respective amount so that, after deductions are subtracted, the Bank receives an amount equal to the amount which it should obtain under the Frame Agreement.
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Sources: Frame Agreement on Provision of Financial Services, Frame Agreement on Provision of Financial Services
Deductions. Any payments made by the Client under the Frame Agreement must be without any deductions. If a deduction is required by legal regulations to be made by the Client in respect to any such payment, the Client is obliged to increase the respective amount so that, after deductions are subtracted, the Bank receives an amount equal to the amount which it should obtain under the Frame Agreement.,
Appears in 1 contract