Common use of Double Taxation Relief Clause in Contracts

Double Taxation Relief. If, and to the extent that, the effect of clause 10.1 or 10.2 can be mitigated by virtue of the provisions of any applicable double tax treaty entered into by the United Kingdom (whether by a claim to repayment of any taxes referred to in clause 10.1 or 10.2 or otherwise) each Lender agrees to co-operate (to the extent reasonably required) with affected Obligor(s) with a view to submitting any forms required for the purpose of ensuring the application of such double tax treaty so far as relevant, provided that no Lender shall be required pursuant to this clause 10.7 to complete or co-operate in completing any form which is not substantially similar to any form in use at the date of this Agreement for the purpose of claiming exemption or relief from or repayment of taxes envisaged hereunder pursuant to a double taxation treaty between the United Kingdom and such Lender's jurisdiction of residence and which requires the Lender to undertake obligations which, in its reasonable opinion, are more onerous than those imposed upon it as at the date of this Agreement.

Appears in 4 contracts

Samples: Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc), Credit Agreement (Bell Microproducts Inc)

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