Absence of Taxes. Except as described in each of the Registration Statement, the Pricing Disclosure Package and the Prospectus under the heading “Taxation,” under current laws and regulations (and interpretations thereof) of each Relevant Taxing Jurisdiction, there are no taxes, duties, levies, imposts, deductions, charges or withholdings imposed or, to the knowledge of the Company, pending or proposed, by any Relevant Taxing Jurisdiction either (i) on or by virtue of the execution of, delivery or performance by the Company of, or the enforcement of, the Transaction Documents or of any other document to be furnished hereunder or thereunder or (ii) on any payment to be made under or pursuant to this Agreement or the Deposit Agreement, the issuance or sale by the Company of the ADSs to the Underwriters, or the deposit of the Common Shares under the Deposit Agreement by the Company; none of the holders of the ADSs or any paying agent will be deemed resident, domiciled, carrying on business or subject to taxation in any Relevant Taxing Jurisdiction solely by reason of the execution, delivery, performance or enforcement of any of this Agreement or the Deposit Agreement and the ADSs.
Absence of Taxes. Under current laws and regulations (and interpretations thereof) related to taxes imposed by the Republic of Chile (“Chile”) or any political subdivision or any authority or agency therein or thereof having power to tax, or of any other jurisdiction in which the Company is organized or otherwise resident or deemed resident or doing business for tax purposes or any jurisdiction from or through which a payment is made or deemed made (each, a “Relevant Taxing Jurisdiction”), there are no taxes, duties, levies, imposts, deductions, charges or withholdings, including interest, penalties or similar liabilities with respect thereto (collectively, “Taxes”) imposed or, to the knowledge of the Company, pending or proposed, by any Relevant Taxing Jurisdiction either on or by virtue of the execution of, delivery or performance by the Company of, or the enforcement of, the Transaction Documents or of any other document to be furnished hereunder or thereunder or on any payment to be made under or pursuant to this Agreement other than (i) a 0.8% stamp Tax on the incurrence of the indebtedness evidenced by the Securities, which will be paid by the Company upon the issuance of the Securities; (ii) a 4% withholding Tax on interest payments, and all other payments deemed to be interest payments, with respect to the Securities to the extent paid to a person domiciled or residing outside of Chile; (iii) payments of fees, compensation and reimbursement of costs contemplated in the Transaction Documents, made to persons domiciled or residing outside of Chile are (or may be, in the case of reimbursement of costs) subject to a withholding Tax at a rate of up to 35%, except if the reimbursement of costs is specified in the contract or if the payment is deemed a “comisión mercantil” pursuant to the Commercial Code of Chile and the interpretation of the SII, in which cases such payment will be exempted from withholding Tax, or the payment is deemed a professional or technical assistance service, in which case it will be subject to a 15% withholding Tax, provided that the creditor or beneficiary of the payment is not domiciled or resident in any of the countries deemed as preferential tax regimes pursuant to article 41H of the Chilean Income Tax Law (“Ley de Impuesto a la Renta”), in which case it will be subject to a 20% withholding Tax (the withholding Tax rate applicable to payments of fees, compensation, services and reimbursement of costs to a person not domiciled in, or resident...
Absence of Taxes. Except as described in the Registration Statement, the General Disclosure Package and the Prospectus, under current laws and regulations of Brazil and the Cayman Islands and any applicable political subdivision thereof, all principal, interest, additional amounts, if any, and other payments due or made on the Notes or the Guarantees may be paid by the Issuer or the Company to the holder of the Notes in U.S. dollars; and except for taxation of foreign exchange transactions (IOF/Câmbio) and any Brazilian withholding income tax, in the case of payment by the Company due to the enforcement of the Guarantee, that may be due on the payments of principal, premium, if any, and interest as described in the Registration Statement, the General Disclosure Package and the Prospectus, all such payments made to holders of Notes who are nonresidents of Brazil or the Cayman Islands will not be subject to income, withholding or other taxes under laws and regulations of Brazil or the Cayman Islands or any political subdivision or taxing authority thereof or therein and will otherwise be free and clear of any other tax, duty, withholding or deduction in Brazil or the Cayman Islands or any political subdivision or taxing authority thereof or therein and without the necessity of obtaining any governmental authorization in Brazil or the Cayman Islands or any political subdivision or taxing authority thereof or therein. Other than stamp duties referred to under paragraph (xxxix) of this Section 1(a), there are no stamp or other issuance or transfer taxes or duties or other similar fees or charges required to be paid in connection with the execution or delivery of the Transaction Documents, or the issuance or sale by the Company of the Securities.
Absence of Taxes. No stamp duties or other similar taxes or charges are payable under the laws of Hong Kong, or which under the present laws of Hong Kong could in the future become imposed, in respect of:
Absence of Taxes. Except as described in the Time of Sale Information and the Offering Memorandum under the heading “Taxation,” there are no taxes, duties, levies, imposts, deductions, charges or withholdings imposed or, to the knowledge of the Company, pending or proposed, by any relevant taxing jurisdiction either (i) on or by virtue of the execution of, delivery or performance by the Company of, or the enforcement of, the Transaction Documents or of any other document to be furnished hereunder or thereunder or (ii) on any payment to be made under or pursuant to this Agreement or the Indenture or the issuance, offer or sale by the Company of the Securities to the Initial Purchasers; none of the holders of the Securities or any paying agent will be deemed resident, domiciled, carrying on business or subject to taxation in any relevant taxing jurisdiction solely by reason of the execution, delivery, performance or enforcement of any of this Agreement or the Indenture and the Securities.
Absence of Taxes. All payments made by or on behalf of the Issuer and the Seller with respect to the Note Documents and the Transaction Documents will not be subject under the current laws of the Cayman Islands or Panama or any other relevant jurisdiction or any political subdivision thereof or therein to any withholdings or similar charges for or on account of taxation.
Absence of Taxes. All payments made by or on behalf of the Parent with respect to any of the Note Documents or Transaction Documents will not be subject under the current laws of Brazil or any other relevant jurisdiction or any political subdivision thereof or therein to any withholdings or similar charges for or on account of taxation.
Absence of Taxes. Except as described in or expressly contemplated by each of the Registration Statement, the Pricing Disclosure Package and the Prospectus, under the current laws and regulations and interpretations of the United States of America or Brazil or any political subdivision thereof (each, a “Relevant Taxing Jurisdiction”), there are no taxes (including stamp tax), duties, levies, imposts, deductions, charges or withholdings imposed or, to the knowledge of the Company, pending or proposed, by any Relevant Taxing Jurisdiction either (i) on or by virtue of the execution of, delivery or performance by the Company of, or the enforcement of, the Transaction Documents or of any other document to be furnished hereunder or thereunder or (ii) on any payment to be made under or pursuant to this Agreement or the ADS Deposit Agreement, the sale of the ADSs and the Underlying Shares to the International Underwriters, or the resale of such ADSs and Underlying Shares by the International Underwriters to investors, the sale of the Offered Shares to the Brazilian Underwriters, the placement of the Offered Shares by the International Underwriters, the deposit of the Underlying Shares under the ADS Deposit Agreement, or relating to the issuance, creation, delivery, transfer, placement or sale of the Offered ADSs or Offered Shares, as applicable, in the context of the Global Offering, in each case except for (A) income tax, taxes payable by the International Underwriters and the Brazilian Underwriters relating to fees and commissions they will receive in connection with the Global Offering, (B) Global Offering registration fees payable to the CVM, (C) Global Offering registration fees payable to the B3, (D) a registration fee payable to the Commission, (E) a registration fee payable to the ANBIMA, (F) a filing fee payable to the JUCESP in connection with the registration of the minutes of the corporate acts relating to the Global Offering and issuance of the Common Shares and placement and sale of the Offered ADSs and Offered Shares, and (G) if applicable, the IOF — Imposto sobre Operações de Crédito, Câmbio e Seguro, ou Relativas a Títulos e Valores Mobiliários relating to the issuance, creation, delivery, transfer, sale or placement of the Offered ADSs or Offered Shares, as applicable, in the context of the Global Offering.
Absence of Taxes. There are no Brazilian taxes on or due by virtue of the execution or delivery of any of the Transaction Documents, or the issuance or sale by the Company of the Securities or any other document to be furnished hereunder or thereunder, except for (i) an administrative fee (taxa de fiscalização) and a registration fee payable to the CVM, (ii) a registration fee payable to the Brazilian Association of Capital Markets Entities (ANBIMA -Associação Brasileira das Entidades dos Mercados Financeiro e de Capitais), (iii) income tax,
Absence of Taxes. Except as described in each of the Registration Statement, the Pricing Disclosure Package and the Prospectus, under the current laws and regulations and interpretations of the United States of America or Brazil or any political subdivision thereof (each, a “Taxing Jurisdiction”), there are no taxes, duties, levies, imposts, deductions, charges or withholdings imposed or, to the knowledge of the Company, pending or proposed, by any Taxing Jurisdiction either (i) on or by virtue of the execution of, delivery or performance by the Company of, or the enforcement of, the Transaction Documents or of any other document to be furnished hereunder or thereunder or (ii) on any payment to be made under or pursuant to this Agreement or the ADS Deposit Agreement, the sale by the Selling Shareholder of the ADSs and the underlying Shares to the Underwriters, or the resale of such ADSs and underlying Shares by the Underwriters to investors, the deposit of the Shares by the Selling Shareholder under the ADR Deposit Agreement, or relating to the issuance, creation, delivery, transfer or sale, as applicable, of the Securities in the context of the Offering, in each case except for (A) income tax, taxes payable by the Underwriters relating to fees and commissions they will receive in connection with the Offering and (B) if applicable, the IOF — Imposto sobre Operações de Crédito, Câmbio e Seguro, ou Relativas a Títulos e Valores Mobiliários relating to the issuance, creation, delivery, transfer or sale, as applicable, of the Securities in the context of the Offering, none of the holders of the ADSs or any paying agent will be deemed resident, domiciled, carrying on business or subject to taxation in any Taxing Jurisdiction solely by reason of the execution, delivery, performance or enforcement of any of this Agreement or the ADS Deposit Agreement.
