No withholdings. 5.6.1 Payment of the Net Purchase Price in respect of an Aircraft to be made by any Purchaser of an Aircraft under this Agreement and all other payments required to be made by it hereunder (including but not limited to the payment of the Deposit) shall be made without set off or counterclaim whatsoever. * Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment. 5.6.2 All payments to be made by any Seller or any Purchaser under this Agreement and the other Transaction Documents shall be made in full without any deduction or withholding in respect of Taxes or otherwise unless the deduction is required by Law, in which event such paying party shall: (a) ensure that the deduction or withholding does not exceed the minimum amount legally required; (b) promptly pay to the other party entitled to receive the relevant payment such additional amount so that the net amount received by such other party will equal the full amount which would have been received by it had no such deduction or withholding been made; (c) pay to the relevant taxation authority or other authorities within the period for payment permitted by 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 sub-clause); and (d) if requested, provide such other party, within the period for payment permitted by the relevant law, with an official receipt of the relevant taxation authorities involved in respect of all amounts so deducted or withheld or if such receipts are not issued by the taxation authorities concerned on payment to them of amounts so deducted or withheld, a certificate of deduction or equivalent evidence of the relevant deduction or withholding. [*]
Appears in 3 contracts
Samples: Aircraft Sale and Purchase Agreement, Aircraft Sale and Purchase Agreement (Air Lease Corp), Aircraft Sale and Purchase Agreement (Air Lease Corp)
No withholdings. 5.6.1 Payment of the Net Purchase Price (a) Except as otherwise agreed in respect of an Aircraft to be made by any Purchaser of an Aircraft under this Agreement and writing, all other payments required to be made by it hereunder (including but not limited to the payment of the Deposit) shall be made without set off or counterclaim whatsoever. * Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
5.6.2 All payments to be made by any Seller or any Purchaser Buyer to another party under this Agreement and the other Transaction Documents shall be made without any deduction (whether in respect of set-off, counterclaim, charges or otherwise howsoever arising).
(b) All payments to be made under this Agreement and the other Transaction Documents by any party hereto (the “paying party”) to another party hereto (the “payee”) shall be made in full without any deduction or withholding in respect of Taxes or otherwise unless the deduction or withholding is required by Lawlaw, in which event such paying party shall:
(ai) ensure that the deduction or withholding does not exceed the minimum amount legally required;
(bii) promptly pay to the other party entitled to receive the relevant payment payee such additional amount so that the net after-Tax amount received by such other party the payee will equal the full after Tax amount which would have been received by it had no such deduction or withholding been made;
(ciii) pay to the relevant taxation authority or other authorities within the period for payment permitted by 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 sub-clauseclause (b)); and
(div) if requested, provide such other partythe payee, within the period for payment permitted by the relevant law, with an official receipt of the relevant taxation authorities involved in respect of all amounts so deducted or withheld or if such receipts are not issued by the taxation authorities concerned on payment to them of amounts so deducted or withheld, a certificate of deduction or equivalent evidence of the relevant deduction or withholding. [*].
Appears in 1 contract
Samples: Aircraft Sale Agreement (Air T Inc)
No withholdings. 5.6.1 Payment of the Net Purchase Price 5.5.1 Save as specifically provided in Clause 5.7.3, all payments in respect of an Aircraft the Purchase Price of the Asset made or to be made by any Purchaser of an Aircraft Buyer under this Agreement and all other payments required to be made by it hereunder (including but not limited to the payment of the Deposit) shall be made in full without set off or counterclaim whatsoever. * Confidential material omitted and filed separately with the Securities and Exchange Commission pursuant to a request for confidential treatment.
5.6.2 5.5.2 All payments to be made by any Seller or any Purchaser under this Agreement and the other Transaction Documents by any of the parties hereto or thereto shall be made in full without any deduction or withholding in respect of Taxes or otherwise unless the deduction is required by Law, in which event such paying party shall:
(a) ensure that the deduction or withholding does not exceed the minimum amount legally required;
(b) promptly pay to the other party entitled to receive the relevant payment such additional amount so that the net amount received by such other party will equal the full amount which would have been received by it had no such deduction or withholding been made;
(c) pay to the relevant taxation authority or other authorities within the period for payment permitted by 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 sub-clause); and
(d) if requested, provide such other party, within the period for payment permitted by the relevant lawLaw, with an official receipt of the relevant taxation authorities involved in respect of all amounts so deducted or withheld or if such receipts are not issued by the taxation authorities concerned on payment to them of amounts so deducted or withheld, a certificate of deduction or equivalent evidence of the relevant deduction or withholding. [*].
Appears in 1 contract
Samples: Aircraft Asset Sale and Purchase Agreement (Air T Inc)