Common use of Exclusion of tax on overall net income Clause in Contracts

Exclusion of tax on overall net income. In this Clause 21 "TAX DEDUCTION" means any deduction or withholding for or on account of any present or future tax except tax on the Lender's overall net income.

Exclusion of tax on overall net income. In this Clause 21 22 "TAX DEDUCTION" means any deduction or withholding for or on account of any present or future tax except tax on the Lender's overall net income.