Common use of Net of Withholding Taxes Clause in Contracts

Net of Withholding Taxes. 3.8.1 All payments by Lessee will be made without deduction or withholding for or on account of any Tax save to the extent required by Law. 3.8.2 If such deduction or withholding is so required, Lessee shall pay: (i) such amounts to the relevant Tax authorities, when due, and notify Lessor of the same, providing evidence of payment; and (ii) such additional amounts to Lessor or other Indemnitee necessary to ensure that all payments hereunder are received on an After Tax Basis.

Appears in 3 contracts

Samples: Master Short Term Engine Lease Agreement (Air T Inc), Master Short Term Engine Lease Agreement, Master Short Term Engine Lease Agreement

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Net of Withholding Taxes. 3.8.1 All payments by Lessee will be made without deduction or withholding for or on account of any Tax save to the extent required by Law. 3.8.2 If such deduction or withholding is so required, Lessee shall pay: (i) : such amounts to the relevant Tax authorities, when due, and notify Lessor of the same, providing evidence of payment; and (ii) and such additional amounts to Lessor or other Indemnitee necessary to ensure that all payments hereunder are received on an After Tax Basis.

Appears in 1 contract

Samples: Master Short Term Engine Lease Agreement

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