Tax Deduction definition

Tax Deduction means a deduction or withholding for or on account of Tax from a payment under a Finance Document.

Tax Deduction has the same meaning given to the term in Clause 12.1 (Definitions).

Tax Deduction means any deduction or withholding on account of Tax;

Examples of Tax Deduction in a sentence

• The Company shall promptly upon becoming aware that the Company must make a Tax Deduction (or that there is any change in the rate or the basis of a Tax Deduction) notify EIT Food accordingly.

• The Company shall make all payments to be made by it under this Agreement in full without any Tax Deduction (whether in respect of set off, counterclaim, duties, taxes, charges or otherwise howsoever), unless a Tax Deduction is required by law.

• Customs has given the Borrower authority to make payments to that Lender without a Tax Deduction but such authority has subsequently been revoked or expired, and, in each case, the Borrower has notified the Lender in writing, the Lender and the Borrower shall co-operate in completing any additional procedural formalities necessary for the Borrower to obtain authorisation to make that payment without a Tax Deduction.

• If a Tax Deduction is required by law to be made by a Company, the amount of the payment due from that Company shall be increased to an amount which (after making any Tax Deduction) leaves an amount equal to the payment which would have been due if no Tax Deduction had been required.

More Definitions of Tax Deduction

Tax Deduction means a deduction or withholding for or on account of UK Tax from a payment under any Loan Document.

Tax Deduction has the same meaning given to the term in Clause 16.1 (Definitions).

Tax Deduction means a deduction for or on account of Tax from a payment under a Transaction Document.

Tax Deduction has the meaning given to such term in Clause 10.1 (Tax definitions).

Tax Deduction means a deduction or withholding for or on account of Tax from a payment or a deemed payment under a Finance Document, other than a FATCA Deduction.

Tax Deduction means any deduction or withholding for or on account of any present or future tax except tax on the Lender's overall net income.

Tax Deduction has the meaning set forth in Section 8.12(c).