Examples of Excluded Tax in a sentence
Those Taxes include financial institutions duty, debits tax or other Taxes payable by return and Taxes passed on to Global Prime or any Related Entity by a bank or financial institution, other than an Excluded Tax.
To the extent permitted by law, Client indemnifies Global Prime and each of its Related Entities or their respective employees and agents against any Losses which may be suffered or incurred directly or indirectly by that person in connection with or as a result of any act or service performed or permitted under this agreement (other than Excluded Tax), except to the extent that the expense or loss is due to negligence, wilful default or fraud of that person.
Client forever indemnifies Global Prime and each Related Entity against any liability resulting from delay or omission to pay those Taxes except to the extent the liability results from failure by Global Prime or any Related Entity to pay any Tax after having been paid in funds (with all necessary documents) to do so by Client, other than an Excluded Tax.
To the extent permitted by law, the Customer indemnifies UBS and each of its Related Entities or their respective employees and agents against any Losses which may be suffered or incurred directly or indirectly by that person in connection with or as a result of any act or service performed or permitted under this agreement (other than Excluded Tax), except to the extent that the expense or loss is due to negligence, wilful default or fraud of that person.
Notwithstanding anything in this Section 4.01 to the contrary, this Section 4.01 shall not apply in respect of Excluded Tax Collateral.