Common use of Modified Tax Provisions Clause in Contracts

Modified Tax Provisions. (i) Party A’s obligation under Section 2(d)(i)(4) of this Agreement shall apply whether or not a Tax is an Indemnifiable Tax, and for that purpose the definition of “Indemnifiable Tax” is hereby amended to mean any Tax assessed against Party A for any amount payable to Party B under or in connection with this Agreement.

Appears in 2 contracts

Samples: Master Agreement (Popular ABS Mortgage Pass-Through Trust 2006-D), Master Agreement (Popular ABS Mortgage Pass-Through Trust 2006-D)

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Modified Tax Provisions. (i) Party A’s 's obligation under Section 2(d)(i)(4) of this Agreement shall apply whether or not a Tax is an Indemnifiable Tax, and for that purpose the definition of "Indemnifiable Tax" is hereby amended to mean any Tax assessed against Party A for any amount payable to Party B under or in connection with this Agreement.

Appears in 2 contracts

Samples: Master Agreement (Popular ABS Mortgage Pass-Through Trust 2006-A), Master Agreement (Popular ABS Mortgage Pass-Through Trust 2006-A)

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