Common use of NO REDUCTION FOR WITHHOLDING, ETC Clause in Contracts

NO REDUCTION FOR WITHHOLDING, ETC. All payments by Lessee to Lessor under this Agreement or any other Operative Document, whether in respect of Rent, interest, fees or any other item, shall be made in full without any deduction or withholding (whether in respect of setoff, counterclaim, duties, Taxes, charges, wages or otherwise whatsoever), unless the withholding or deduction is required by Law, in which event Lessee shall: 3.1 Forthwith pay to Lessor such additional amount so that the net amount received by Lessor after the deduction or withholding will equal the full amount which would have been received by it had no such deduction or withholding been made. 3.2 Pay to the relevant Taxing Authorities within the period for payment permitted by applicable Law the full amount of the deduction or withholding (including, but without prejudice to the generality of the foregoing, the full amount of any deduction or withholding from any additional amount paid pursuant to this Section 3. 3.3 Furnish to Lessor, within the period for payment permitted by applicable Law, an official receipt of the relevant taxation or other authorities involved for all amounts deducted or withheld as aforesaid or, if no such receipt is issued, a certificate of deduction or equivalent evidence thereof. The parties shall cooperate to find a solution eliminating any withholding or deduction on account of Taxes which could be required after the date hereof in respect of any amounts due under the Lease Agreement or any other Operative Documents provided that Lessor is not thereby required to incur any material cost or liability that is not covered by an indemnity.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Frontier Airlines Inc /Co/)

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NO REDUCTION FOR WITHHOLDING, ETC. All Notwithstanding anything that may be contained herein, all payments by Lessee to Lessor under this Agreement or any other Operative Document, whether in respect of Rent, interest, fees or any other item, shall be made in full without any deduction or withholding (whether in respect of setoff, counterclaim, duties, Taxes, charges, wages or otherwise whatsoever), unless the withholding or deduction is required by Lawlaw, in which event Lessee shall: 3.1 Forthwith (A) forthwith pay to Lessor the recipient such additional amount so that the net amount received by Lessor such recipient after the deduction or withholding will equal the full amount which would have been received by it had no such deduction or withholding been made.; 3.2 Pay (B) pay to the relevant Taxing Authorities taxing authorities within the period for payment permitted by applicable Law law the full amount of the deduction or withholding (including, but without prejudice to the generality of the foregoing, the full amount of any deduction or withholding from any additional amount paid pursuant to this Section 3.clause (iii)); and 3.3 Furnish (C) furnish to Lessor, within the period for payment permitted by applicable Lawlaw, an official receipt of the relevant taxation or other authorities involved for all amounts deducted or withheld as aforesaid or, if no such receipt is issued, a certificate of deduction or equivalent evidence thereof. The parties shall cooperate to find a solution eliminating any withholding or deduction on account of Taxes which could be required after the date hereof in respect of any amounts due under the Lease Agreement or any other Operative Documents provided that Lessor is not thereby required to incur any material cost or liability that is not covered by an indemnity.

Appears in 1 contract

Samples: Lease Agreement (Frontier Airlines Inc /Co/)

NO REDUCTION FOR WITHHOLDING, ETC. All Notwithstanding anything that may be contained herein, all payments by Lessee to Lessor under this Agreement or any other Operative Document, whether in respect of Rent, interest, fees or any other item, shall be made in full without any deduction or withholding (whether in respect of setoff, counterclaim, duties, Taxes, charges, wages or otherwise whatsoever), unless unless: (A) the withholding or deduction is with respect to Taxes for which Lessee is not required under Section 9(c) to indemnify Lessor or any Tax Indemnitee, or 42 [Lease Agreement] (B) the withholding or deduction is required by Lawlaw, in which event Lessee shall: 3.1 Forthwith (1) forthwith pay to Lessor the recipient such additional amount so that the net amount received by Lessor such recipient after the deduction or withholding will equal the full amount which would have been received by it had no such deduction or withholding been made.; 3.2 Pay (2) pay to the relevant Taxing Authorities taxing authorities within the period for payment permitted by applicable Law law the full amount of the deduction or withholding (including, but without prejudice to the generality of the foregoing, the full amount of any deduction or withholding from any additional amount paid pursuant to this Section clause (iii)); and (3. 3.3 Furnish ) furnish to Lessor, within the period for payment permitted by applicable Lawlaw, an official receipt of the relevant taxation or other authorities involved for all amounts deducted or withheld as aforesaid or, if no such receipt is issued, a certificate of deduction or equivalent evidence thereof. The parties shall cooperate to find a solution eliminating any withholding or deduction on account of Taxes which could be required after the date hereof in respect of any amounts due under the Lease Agreement or any other Operative Documents provided that Lessor is not thereby required to incur any material cost or liability that is not covered by an indemnity.

Appears in 1 contract

Samples: Lease Agreement (Turn Works Acquisition Iii Sub a Inc)

NO REDUCTION FOR WITHHOLDING, ETC. All payments by Lessee to Lessor under this Agreement or any other Operative Document, whether in respect of Rent, interest, fees or any other item, shall be made in full without any deduction or withholding (whether in respect of setoff, counterclaim, duties, Taxes, monetary transfer and other charges, wages or otherwise whatsoever), unless the withholding or deduction is required by Law, in which event Lessee shall: 3.1 Forthwith (A) forthwith pay to Lessor such additional amount so that the net amount received by Lessor after the deduction or withholding will equal the full amount which would have been received by it had no such deduction or withholding been made.; 3.2 Pay (B) pay to the relevant Taxing Authorities Government Entity within the period for payment permitted by applicable Law the full amount of the deduction or withholding (including, but without prejudice to the generality of the foregoing, the full amount of any deduction or withholding from any additional amount paid pursuant to this Section 3.); and 3.3 Furnish (C) promptly furnish to Lessor, within the period for payment permitted by applicable Law, Lessor an official receipt of the relevant taxation or other authorities involved for all amounts deducted or withheld as aforesaid or, if no such receipt is issued, a certificate of deduction or equivalent evidence thereof. The parties shall cooperate to find a solution eliminating any withholding or deduction on account of Taxes which could be required after the date hereof in respect of any amounts due under the Lease Agreement or any other Operative Documents provided that Lessor is not thereby required to incur any material cost or liability that is not covered by an indemnity.

Appears in 1 contract

Samples: Lease Agreement (Western Pacific Airlines Inc /De/)

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NO REDUCTION FOR WITHHOLDING, ETC. All Notwithstanding anything that may be contained herein, all payments by Lessee to Lessor under this Agreement or any other Operative Document, whether in respect of Rent, interest, fees or any other item, shall be made in full without any deduction or withholding (whether in respect of setoff, counterclaim, duties, Taxes, charges, wages or otherwise whatsoever), unless unless: (A) the withholding or deduction is with respect to Taxes for which Lessee is not required under Section 9(c) to indemnify Lessor or any Tax Indemnitee, or (B) the withholding or deduction is required by Lawlaw, in which event Lessee shall: 3.1 Forthwith (1) forthwith pay to Lessor the recipient such additional amount so that the net amount received by Lessor such recipient after the deduction or withholding will equal the full amount which would have been received by it had no such deduction or withholding been made.; 3.2 Pay (2) pay to the relevant Taxing Authorities taxing authorities within the period for payment permitted by applicable Law law the full amount of the deduction or withholding (including, but without prejudice to the generality of the foregoing, the full amount of any deduction or withholding from any additional amount paid pursuant to this Section clause (iii)); and (3. 3.3 Furnish ) furnish to Lessor, within the period for payment permitted by applicable Lawlaw, an official receipt of the relevant taxation or other authorities involved for all amounts deducted or withheld as aforesaid or, if no such receipt is issued, a certificate of deduction or equivalent evidence thereof. The parties shall cooperate to find a solution eliminating any withholding or deduction on account of Taxes which could be required after the date hereof in respect of any amounts due under the Lease Agreement or any other Operative Documents provided that Lessor is not thereby required to incur any material cost or liability that is not covered by an indemnity.

Appears in 1 contract

Samples: Lease Agreement (Turn Works Acquisition Iii Sub a Inc)

NO REDUCTION FOR WITHHOLDING, ETC. All payments by Lessee to Lessor under this Agreement or any other Operative Document, whether in respect of Rent, interest, fees or any other item, shall be made in full without any deduction or withholding (whether in respect of setoff, counterclaim, duties, Taxes, charges, wages or otherwise whatsoever), unless the withholding or deduction is required by Law, in which event Lessee shall: 3.1 Forthwith pay to Lessor such additional amount so that the net amount received by Lessor after the deduction or withholding will equal the full amount which would have been received by it had no such deduction or withholding been made. 3.2 Pay to the relevant Taxing Authorities within the period for payment permitted by applicable Law the full amount of the deduction or withholding (including, but without prejudice to the generality of the foregoing, the full amount of any deduction or withholding from any additional amount paid pursuant to this Section 3. 3.3 Furnish to Lessor, within the period for payment permitted by applicable Law, an official receipt of the relevant Frontier Lease Agreement (MSN 28662) Annex 1 to Schedule 2 Execution Copy -3- taxation or other authorities involved for all amounts deducted or withheld as aforesaid or, if no such receipt is issued, a certificate of deduction or equivalent evidence thereof. The parties shall cooperate to find a solution eliminating any withholding or deduction on account of Taxes which could be required after the date hereof in respect of any amounts due under the Lease Agreement or any other Operative Documents provided that Lessor is not thereby required to incur any material cost or liability that is not covered by an indemnity.

Appears in 1 contract

Samples: Aircraft Lease Agreement (Frontier Airlines Inc /Co/)

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