Common use of Grossing-up for taxes Clause in Contracts

Grossing-up for taxes. If the Guarantor is required by law to make a tax deduction, the amount due to the Owner shall be increased by the amount necessary to ensure that the Owner receives and retains a net amount which, after the tax deduction, is equal to the full amount that it would otherwise have received.

Grossing-up for taxes. If the Guarantor is required by law to make a tax deduction, the amount due to the Owner Lender shall be increased by the amount necessary to ensure that the Owner Lender receives and retains a net amount which, after the tax deduction, is equal to the full amount that it would otherwise have received.

Grossing-up for taxes. If the Guarantor is required by law to make a tax deduction, the amount due to the Owner Issuer shall be increased by the amount necessary to ensure that the Owner Issuer receives and retains a net amount which, after the tax deduction, is equal to the full amount that it would otherwise have received.

Grossing-up for taxes. If the Guarantor is required by law to make a tax deduction, the amount due to the Owner Holder shall be increased by the amount necessary to ensure that the Owner Holder receives and retains a net amount which, after the tax deduction, is equal to the full amount that it would otherwise have received.

Grossing-up for taxes. If the Guarantor is required by law to make a tax deduction, the amount due to the Owner Mortgagee shall be increased by the amount necessary to ensure that the Owner Mortgagee receives and retains a net amount which, after the tax deduction, is equal to the full amount that it would otherwise have received.

Grossing-up for taxes. If the Guarantor is required by law to make a tax deduction, the amount due to the Owner paid shall be increased by the amount necessary to ensure that the Owner recipient receives and retains a net amount which, after the tax deduction, is equal to the full amount that it would otherwise have received.