Examples of Tax Withholding Amount in a sentence
As noted in Part 4.2.14 of the Master PDS, you will be liable to pay a Tax Withholding Amount to UBS where the Security Trustee is required to withhold and pay an amount to the ATO from any Dividends paid on the Underlying Parcel where you do not provide your TFN, ABN or proof of an exemption.
If you fail to pay the Tax Withholding Amount, UBS may recover it by enforcing the Mortgage over the Underlying Parcel and some or all of your UBS Share Builders may lapse.
These costs may be difficult to quantify and therefore omitted from calculations.
UBS may enforce the Mortgage over Share Builders in certain circumstances, such as when you are liable to pay UBS a Tax Withholding Amount.
Notwithstanding any other provision of this Agreement, to the extent that such Tax Withholding Amount is so withheld by Purchaser and paid over to the appropriate Taxing Authority, such Tax Withholding Amount shall be treated for all purposes of this Agreement as having been paid to Seller.