No Tax Deduction Clause Samples
No Tax Deduction. (a) All payments of any kind made in respect of this Agreement (in respect of the Royalty, interest or otherwise) shall be made in full without set-off or counterclaim, and free of and without deduction or withholding for any Taxes, provided that if an Obligor shall be required by law to deduct or withhold any Taxes from or in respect of any payment or sum payable to Holder, the payment or sum deliverable or payable shall be increased as may be necessary (“Additional Amounts”) so that after making all required deductions or withholdings (including deductions or withholdings applicable to additional sums payable under this Section 2.9), Holder receives an amount equal to the sum it would have received if no deduction or withholding had been made and the Obligors shall pay the full amount deducted to the relevant taxation or other authority in accordance with Applicable Law; provided that, no Additional Amounts with respect to any deduction or withholding for any U.S. federal Taxes imposed on amounts payable to Holder pursuant to a law in effect on the date on which such Holder first became a party hereto will be payable under this Section 2.9 to a Holder that acquired its interest in the Royalty pursuant to any assignment or transfer of the Royalty, in whole or in part, unless such Additional Amounts with respect to any such deduction or withholding for such Taxes would have been payable hereunder to such H▇▇▇▇▇’s assignor or transferor immediately before such H▇▇▇▇▇ became a party hereto.
(b) If Holder becomes liable for any Tax, other than Excluded Taxes, imposed on any deliveries or payments under this Agreement, Grantor and BHMC shall jointly and severally agree to indemnify Holder for such Tax, and the indemnity payment shall be increased as necessary so that after the imposition of any Tax on the indemnity payment (including Tax in respect of any such increase in the indemnity payment), Holder shall receive the full amount of Taxes for which it is liable, whether or not such Taxes were correctly or legally imposed or asserted by the relevant Governmental Authority. A certificate as to the amount of such payment or liability delivered to Grantor by Holder shall be conclusive absent manifest error.
(c) If Holder determines, in its sole discretion, that it has received a refund of any Taxes as to which it has been indemnified by Grantor or with respect to which Grantor has paid Additional Amounts pursuant to this Section or that, because of the payment o...
No Tax Deduction. The Company and Buyers will not now or in the future, attempt to deduct, for tax purposes, the amount of $US 273,469 which is contained in the documents and financial reports filed with the U.S. Securities Exchange Commission and which directly relates to the issuance of shares of common stock to the Sellers.
No Tax Deduction. All payments by the Obligors under the Finance Documents shall be made free and clear of, and without deduction or withholdings for or on account of, any Taxes, except to the extent that the Obligor by whom the payment is to be made is required by law to make payment subject to deduction or withholdings for or on account of any Taxes.
No Tax Deduction. Generally, you do not include the amount rolled over in your income and you cannot take a tax deduction for the year the rollover was completed. However, a conversion from a Traditional IRA to a ▇▇▇▇ ▇▇▇ is subject to tax. (See part (b) below.) The amount rolled into a Traditional IRA, to the extent it contains tax-deductible contributions and all earnings, is subject to tax later, when you with- draw that amount from the IRA. (See item 4(m).) The earnings on amounts converted to a ▇▇▇▇ ▇▇▇ are not taxed when you withdraw them, if paid out in qualified distributions. (See item 5(h).)