Common use of Foreign Taxes Clause in Contracts

Foreign Taxes. All payments to be made by the Issuer Trustee and the Macquarie Parties hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Issuer Trustee or such Macquarie Party, as applicable, is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Issuer Trustee or such Macquarie Party, as applicable, shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made.

Appears in 4 contracts

Samples: Underwriting Agreement (Macquarie Securitisation LTD), Underwriting Agreement (Macquarie Securitisation LTD Puma Global Trust No 4), Underwriting Agreement (Macquarie Securitisation LTD)

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Foreign Taxes. All Unless expressly provided otherwise herein or in the Transaction Documents, all payments to be made by the Issuer Trustee and the Macquarie Parties hereunder shall be made without withholding or deduction for or on account of any present or future taxes, duties or governmental charges whatsoever unless the Issuer Trustee or such Macquarie Party, as applicable, is compelled by law to deduct or withhold such taxes, duties or charges. In that event, the Issuer Trustee or such Macquarie Party, as applicable, shall pay such additional amounts as may be necessary in order that the net amounts received after such withholding or deduction shall equal the amounts that would have been received if no withholding or deduction had been made.

Appears in 4 contracts

Samples: Underwriting Agreement (Macquarie Leasing Pty LTD), Underwriting Agreement (Macquarie Leasing Pty LTD), Underwriting Agreement (Macquarie Leasing Pty LTD)

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