Common use of Deduction of Tax Clause in Contracts

Deduction of Tax. It is not required to make any deduction for or on account of Tax from any payment it may make under any Finance Document to a Lender which is: (a) a Qualifying Lender: (i) falling within paragraph (i)(A) of the definition of Qualifying Lender; (ii) except where a Direction has been given under section 931 of the ITA in relation to the payment concerned, falling within paragraph (i)(B) of the definition of Qualifying Lender; or (iii) falling within paragraph (ii) of the definition of Qualifying Lender or; (b) a Treaty Lender and the payment is one specified in a direction given by the Commissioners of Revenue & Customs under Regulation 2 of the Double Taxation Relief (Taxes on Income) (General) Regulations 1970 (SI 1970/488).

Deduction of Tax. It is not required to make any deduction for or on account of Tax from any payment it may make under any Finance Document to a Lender which is: (a) 18.14.1 a Qualifying Lender: (ia) falling within paragraph (i)(Aa)(i) of the definition of Qualifying Lender;; or (iib) except where a Direction has been given under section 931 of the ITA in relation to the payment concerned, falling within paragraph (i)(Ba)(ii) of the definition of Qualifying Lender; or (iiic) falling within paragraph (iib) of the definition of Qualifying Lender or; (b) 18.14.2 a Treaty Lender and the payment is one specified in a direction given by the Commissioners of Revenue & Customs under Regulation 2 of the Double Taxation Relief (Taxes on Income) (General) Regulations 1970 (SI 1970/488).

Deduction of Tax. It The Borrower is not required to make any deduction for or on account of Tax Deduction from any payment it may make under any Finance Document to a Lender which is: (a) a Qualifying Lender: (i) falling within paragraph (i)(Aa)(i) of the definition of “Qualifying Lender;”; or (ii) except where a Direction has been given under section 931 of the ITA in relation to the payment concerned, falling within paragraph (i)(Ba)(ii) of the definition of “Qualifying Lender”; or (iii) falling within paragraph (iib) of the definition of “Qualifying Lender Lender” or; (b) a Treaty Lender and the payment is one specified in a direction given by the Commissioners of Revenue & Customs under Regulation 2 of the Double Taxation Relief (Taxes on Income) (General) Regulations 1970 (SI 1970/488).

Deduction of Tax. It is not required to make any deduction for or on account of Tax from any payment it may make under any Finance Document to a Lender which is: (a) a Qualifying Lender: (i) falling within paragraph (i)(A) of the definition of Qualifying Lender;; or (ii) except where a Direction has been given under section 931 of the ITA in relation to the payment concerned, falling within paragraph (i)(B) of the definition of Qualifying Lender; or (iii) falling within paragraph (ii) of the definition of Qualifying Lender or; (b) a Treaty Lender and the payment is one specified in a direction given by the Commissioners of Revenue & Customs under Regulation 2 of the Double Taxation Relief (Taxes on Income) (General) Regulations 1970 (SI 1970/488).. 93954-4-1-v3.0 -53- 70-40529536

Deduction of Tax. It is not required to make any deduction for or on account of Tax from any payment it may make under any Finance Document to a Lender which is: (a) a Qualifying Lender: (i) falling within paragraph (i)(Aa)(i) of the definition of Qualifying Lender;; or (ii) except where a Direction has been given under section 931 of the ITA in relation to the payment concerned, falling within paragraph (i)(Ba)(ii) of the definition of Qualifying Lender; or (iii) falling within paragraph (iib) of the definition of Qualifying Lender or; (b) a Treaty Lender and the payment is one specified in a direction given by the Commissioners of Revenue & Customs under Regulation 2 of the Double Taxation Relief (Taxes on Income) (General) Regulations 1970 (SI 1970/488).

Deduction of Tax. It is not required to make any deduction for or on account of Tax from any payment it may make under any Finance Document to a Lender which is: (a) 19.8.1 a Qualifying Lender: (i) 19.8.1.1 falling within paragraph (i)(Aa)(i) of the definition of Qualifying Lender;; or (ii) 19.8.1.2 except where a Direction has been given under section 931 of the ITA in relation to the payment concerned, falling within paragraph (i)(Ba)(ii) of the definition of Qualifying Lender; or (iii) 19.8.1.3 falling within paragraph (iib) of the definition of Qualifying Lender or; (b) 19.8.2 a Treaty Lender and the payment is one specified in a direction given by the Commissioners of Revenue & Customs under Regulation 2 of the Double Taxation Relief (Taxes on Income) (General) Regulations 1970 (SI 1970/488).

Deduction of Tax. It is not required to make any deduction for or on account of Tax from any payment it may make under any Finance Document to a Lender which is: (a) a Qualifying Lender: (i) falling within paragraph (i)(Ai)(1) of the definition of Qualifying Lender;; or (ii) except where a Direction has been given under section 931 of the ITA in relation to the payment concerned, falling within paragraph (i)(Bi)(2) of the definition of Qualifying LenderLender ; or (iii) falling within paragraph (ii) of the definition of Qualifying Lender or; (b) a Treaty Lender and the payment is one specified in a direction given by the Commissioners of Revenue & Customs under Regulation 2 of the Double Taxation Relief (Taxes on Income) (General) Regulations 1970 (SI 1970/488).

Deduction of Tax. It is not required to make any deduction for or on account of Tax from any payment it may make under any Finance Document to a Lender which is: (a) a Qualifying Lender: (i) falling within paragraph (i)(A) of the definition of Qualifying Lender;; or (ii) except where a Direction has been given under section 931 of the ITA in relation to the payment concerned, falling within paragraph (i)(B) of the definition of Qualifying Lender; or (iii) falling within paragraph (ii) of the definition of Qualifying Lender or; (b) a Treaty Lender and the payment is one specified in a direction given by the Commissioners of Revenue & Customs under Regulation 2 of the Double Taxation Relief (Taxes on Income) (General) Regulations 1970 (SI 1970/488).