Common use of NOTICE OF ANY WITHHOLDING OR DEDUCTION Clause in Contracts

NOTICE OF ANY WITHHOLDING OR DEDUCTION. 11.1 If the Issuer or the CBC is, in respect of any payment, compelled to withhold or deduct any amount for or on account of taxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, it shall give notice of that fact to the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the requirement to make the withholding or deduction and shall give to the Security Trustee and the relevant Paying Agent such information as any of them shall require to enable it to comply with the requirement. 11.2 If any Paying Agent is, in respect of any payment of principal or interest in respect of the Covered Bonds, compelled to withhold or deduct any amount for or on account of any taxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, other than arising under Clause 11.1 above or by virtue of the relevant holder failing to satisfy any certification or other requirement in respect of its Covered Bonds, it shall give notice of that fact to the Issuer, the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the compulsion to withhold or deduct. 11.3 The Issuer undertakes to Citi that: subject to any law or regulation it will provide to Citi all documentation and other information reasonably required by and necessary for Citi from time to time to comply with any Applicable Law forthwith upon request by Citi; and it will notify Citi in writing within thirty (30) calendar days of any change that affects the Issuer's tax status pursuant to any Applicable Law. It shall be the sole responsibility of the Issuer and the CBC to determine whether a deduction or withholding is or will be required from any payment to be made in respect of the Covered Bonds or otherwise in connection with this Agreement and to procure that such deduction or withholding is made in a timely manner to the appropriate Authorities and the Issuer or the CBC shall as soon as it becomes aware of the requirement to make the withholding or deduction notify each Paying Agent. The Issuer shall notify each Paying Agent at least five (5) Business Days prior to the date on which any payment for which a deduction or withholding is required of (i) the amount of such deduction or withholding and (ii) the relevant Authorities to whom such amount should be paid. The Issuer shall provide each Paying Agent with all information reasonably required for the Paying Agent to be able to make such payment. 11.4 Any payment by Citi under this Agreement will be made without any deduction or withholding for or on account of any Taxes unless such deduction or withholding is required by any Applicable Law. The Issuer and the CBC acknowledge and agree that Citi may debit any amount available in any balance held for the Issuer or the CBC and apply such amount in satisfaction of Taxes in connection with the relevant Covered Bonds. Citi will timely pay the full amount debited or withheld to the relevant Authority in accordance with the relevant Applicable Law. If any Taxes become payable with respect to any prior credit to the Issuer or the CBC by Citi, the Issuer and the CBC acknowledge that Citi may debit any balance held for it in satisfaction of such prior Taxes. The Issuer and the CBC shall remain liable for any deficiency and agree that they shall pay any such deficiency upon notice from Citi or any Authority. If Taxes are paid by Citi or any of its affiliates, the Issuer and the CBC agree that they shall promptly reimburse Citi for such payment to the extent not covered by withholding from any payment or debited from any balance held for them. If Citi is required to make a deduction or withholding referred to above, it will not pay an additional amount in respect of that deduction or withholding to the Issuer or the CBC.

NOTICE OF ANY WITHHOLDING OR DEDUCTION. 11.1 If the Issuer or the CBC is, in respect of any payment, compelled to withhold or deduct any amount for or on account of taxesTaxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, it shall give notice of that fact to the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the requirement to make the withholding or deduction and shall give to the Security Trustee and the relevant Paying Agent such information as any of them shall require to enable it to comply with the requirement. 11.2 If any Paying Agent is, in respect of any payment of principal or interest in respect of the Covered Bonds, compelled to withhold or deduct any amount for or on account of any taxesTaxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, other than arising under Clause 11.1 above or by virtue of the relevant holder failing to satisfy any certification or other requirement in respect of its Covered Bonds, it shall give notice of that fact to the Issuer, the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the compulsion to withhold or deduct. 11.3 The Issuer undertakes to Citi the Principal Paying Agent that: : (a) subject to any law applicable law, regulation or regulation Treaty, it will provide to Citi the Principal Paying Agent all documentation and other information reasonably in its possession or control required by and necessary for Citi the Principal Paying Agent from time to time to comply with any Applicable Law forthwith its obligations under FATCA as soon as reasonably possible upon request by Citithe Principal Paying Agent; and and (b) it will notify Citi the Principal Paying Agent in writing within thirty (30) calendar days of any relevant change that affects the Issuer's tax status pursuant to any Applicable Law. It shall be the sole responsibility of the Issuer and the CBC to determine whether a deduction or withholding is or will be required from any payment to be made in respect of the Covered Bonds or otherwise in connection with this Agreement and to procure that such deduction or withholding is made in a timely manner to the appropriate Authorities and the Issuer or the CBC shall as soon as it becomes aware of the requirement to make the withholding or deduction notify each Paying Agent. The Issuer shall notify each Paying Agent at least five (5) Business Days prior to the date on which any payment for which a deduction or withholding is required of (i) the amount of such deduction or withholding and (ii) the relevant Authorities to whom such amount should be paid. The Issuer shall provide each Paying Agent with all information reasonably required for the Paying Agent to be able to make such paymentFATCA purposes. 11.4 Any payment by Citi under this Agreement will be made without any deduction or withholding for or on account of any Taxes unless such deduction or withholding is required by any Applicable Law. The Issuer and the CBC acknowledge and agree that Citi may debit any amount available in any balance held for the Issuer or the CBC and apply such amount in satisfaction of Taxes in connection with the relevant Covered Bonds. Citi will timely pay the full amount debited or withheld to the relevant Authority in accordance with the relevant Applicable Law. If any Taxes become payable with respect to any prior credit to the Issuer or the CBC by Citi, the Issuer and the CBC acknowledge that Citi may debit any balance held for it in satisfaction of such prior Taxes. The Issuer and the CBC shall remain liable for any deficiency and agree that they shall pay any such deficiency upon notice from Citi or any Authority. If Taxes are paid by Citi or any of its affiliates, the Issuer and the CBC agree that they shall promptly reimburse Citi for such payment to the extent not covered by withholding from any payment or debited from any balance held for them. If Citi is required to make a deduction or withholding referred to above, it will not pay an additional amount in respect of that deduction or withholding to the Issuer or the CBC.

NOTICE OF ANY WITHHOLDING OR DEDUCTION. 11.1 If the Issuer or the CBC is, in respect of any payment, compelled to withhold or deduct any amount for or on account of taxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, it shall give notice of that fact to the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the requirement to make the withholding or deduction and shall give to the Security Trustee and the relevant Paying Agent such information as any of them shall require to enable it to comply with the requirement. 11.2 If any Paying Agent is, in respect of any payment of principal or interest in respect of the Covered Bonds, compelled to withhold or deduct any amount for or on account of any taxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, other than arising under Clause 11.1 above or by virtue of the relevant holder failing to satisfy any certification or other requirement in respect of its Covered Bonds, it shall give notice of that fact to the Issuer, the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the compulsion to withhold or deduct. 11.3 The Issuer undertakes to Citi the Principal Paying Agent that: : (a) subject to any law Applicable Law, regulation or regulation Treaty, it will provide to Citi the Principal Paying Agent all documentation and other information reasonably in its possession or control required by and necessary for Citi the Principal Paying Agent from time to time to comply with any Applicable Law forthwith its obligations under FATCA as soon as reasonably possible upon request by Citithe Principal Paying Agent; and and (b) it will notify Citi the Principal Paying Agent in writing within thirty (30) calendar days of any relevant change that affects the Issuer's tax status pursuant to any Applicable Law. It shall be the sole responsibility of the Issuer and the CBC to determine whether a deduction or withholding is or will be required from any payment to be made in respect of the Covered Bonds or otherwise in connection with this Agreement and to procure that such deduction or withholding is made in a timely manner to the appropriate Authorities and the Issuer or the CBC shall as soon as it becomes aware of the requirement to make the withholding or deduction notify each Paying Agent. The Issuer shall notify each Paying Agent at least five (5) Business Days prior to the date on which any payment for which a deduction or withholding is required of (i) the amount of such deduction or withholding and (ii) the relevant Authorities to whom such amount should be paid. The Issuer shall provide each Paying Agent with all information reasonably required for the Paying Agent to be able to make such paymentFATCA purposes. 11.4 Any payment by Citi under this Agreement will be made without any deduction or withholding for or on account of any Taxes unless such deduction or withholding is required by any Applicable Law. The Issuer and the CBC acknowledge and agree that Citi may debit any amount available in any balance held for the Issuer or the CBC and apply such amount in satisfaction of Taxes in connection with the relevant Covered Bonds. Citi will timely pay the full amount debited or withheld to the relevant Authority in accordance with the relevant Applicable Law. If any Taxes become payable with respect to any prior credit to the Issuer or the CBC by Citi, the Issuer and the CBC acknowledge that Citi may debit any balance held for it in satisfaction of such prior Taxes. The Issuer and the CBC shall remain liable for any deficiency and agree that they shall pay any such deficiency upon notice from Citi or any Authority. If Taxes are paid by Citi or any of its affiliates, the Issuer and the CBC agree that they shall promptly reimburse Citi for such payment to the extent not covered by withholding from any payment or debited from any balance held for them. If Citi is required to make a deduction or withholding referred to above, it will not pay an additional amount in respect of that deduction or withholding to the Issuer or the CBC.

NOTICE OF ANY WITHHOLDING OR DEDUCTION. 11.1 If the Issuer or the CBC is, in respect of any payment, compelled to withhold or deduct any amount for or on account of taxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, it shall give notice of that fact to the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the requirement to make the withholding or deduction and shall give to the Security Trustee and the relevant Paying Agent such information as any of them shall require to enable it to comply with the requirement. 11.2 If any Paying Agent is, in respect of any payment of principal or interest in respect of the Covered Bonds, compelled to withhold or deduct any amount for or on account of any taxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, other than arising under Clause 11.1 above or by virtue of the relevant holder failing to satisfy any certification or other requirement in respect of its Covered Bonds, it shall give notice of that fact to the Issuer, the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the compulsion to withhold or deduct. 11.3 The Issuer undertakes to Citi the Principal Paying Agent that: subject to any law Applicable Laws, regulation or regulation Treaty, it will provide to Citi the Principal Paying Agent all documentation and other information reasonably required by and necessary for Citi the Principal Paying Agent from time to time to comply with any Applicable Law forthwith upon request by Citithe Principal Paying Agent; and it will notify Citi the Principal Paying Agent in writing within thirty (30) calendar days of any change that affects the Issuer's tax status pursuant to any Applicable Law. It shall be the sole responsibility of the Issuer The expression ''Treaty'' means any treaty entered into by any Authority and the CBC to determine whether a deduction or withholding is or will be required from any payment to be made in respect Netherlands and/or the European Union regarding the exchange of the Covered Bonds or otherwise in connection with this Agreement and to procure that information and/or anti-money laundering between such deduction or withholding is made in a timely manner to the appropriate Authorities Authority and the Issuer or Netherlands and/or the CBC shall as soon as it becomes aware of the requirement to make the withholding or deduction notify each Paying Agent. The Issuer shall notify each Paying Agent at least five (5) Business Days prior to the date on which any payment for which a deduction or withholding is required of (i) the amount of such deduction or withholding and (ii) the relevant Authorities to whom such amount should be paid. The Issuer shall provide each Paying Agent with all information reasonably required for the Paying Agent to be able to make such paymentEuropean Union. 11.4 Any payment by Citi the Principal Paying Agent under this Agreement will be made without any deduction or withholding for or on account of any Taxes unless such deduction or withholding is required by any Applicable Law. The Issuer and the CBC acknowledge and agree that Citi the Principal Paying Agent may debit any amount available in any balance held for the Issuer or the CBC and apply such amount in satisfaction of Taxes in connection with the relevant Covered Bonds. Citi The Principal Paying Agent will timely pay the full amount debited or withheld to the relevant Authority in accordance with the relevant Applicable Law. If any Taxes become payable with respect to any prior credit to the Issuer or the CBC by Citithe Principal Paying Agent, the Issuer and the CBC acknowledge that Citi the Principal Paying Agent may debit any balance held for it in satisfaction of such prior Taxes. The Issuer and the CBC shall remain liable for any deficiency and agree that they shall pay any such deficiency upon notice from Citi the Principal Paying Agent or any Authority. If Taxes are paid by Citi the Principal Paying Agent or any of its affiliates, the Issuer and the CBC agree that they shall promptly reimburse Citi the Principal Paying Agent for such payment to the extent not covered by withholding from any payment or debited from any balance held for them. If Citi the Principal Paying Agent is required to make a deduction or withholding referred to above, it will not pay an additional amount in respect of that deduction or withholding to the Issuer or the CBC.

NOTICE OF ANY WITHHOLDING OR DEDUCTION. 11.1 If the Issuer or the CBC is, in respect of any payment, compelled to withhold or deduct any amount for or on account of taxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, it shall give notice of that fact to the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the requirement to make the withholding or deduction and shall give to the Security Trustee and the relevant Paying Agent such information as any of them shall require to enable it to comply with the requirement. 11.2 If any Paying Agent is, in respect of any payment of principal or interest in respect of the Covered Bonds, compelled to withhold or deduct any amount for or on account of any taxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, other than arising under Clause 11.1 above or by virtue of the relevant holder failing to satisfy any certification or other requirement in respect of its Covered Bonds, it shall give notice of that fact to the Issuer, the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the compulsion to withhold or deduct. 11.3 The Issuer undertakes to Citi the Principal Paying Agent that: : (a) subject to any law Applicable Laws, regulation or regulation Treaty. it will provide to Citi the Principal Paying Agent all documentation and other information reasonably in its possession or control required by and necessary for Citi the Principal Paying Agent from time to time to comply with any Applicable Law forthwith its obligations under FATCA as soon as reasonably possible upon request by Citithe Principal Paying Agent; and and (b) it will notify Citi the Principal Paying Agent in writing within thirty (30) calendar days of any relevant change that affects the Issuer's tax status pursuant to for FATCA purposes. The expression ''Treaty'' means any Applicable Law. It shall be the sole responsibility of the Issuer treaty entered into by any Authority and the CBC to determine whether a deduction or withholding is or will be required from any payment to be made in respect Netherlands and/or the European Union regarding the exchange of the Covered Bonds or otherwise in connection with this Agreement and to procure that information and/or anti-money laundering between such deduction or withholding is made in a timely manner to the appropriate Authorities Authority and the Issuer or Netherlands and/or the CBC shall as soon as it becomes aware of the requirement to make the withholding or deduction notify each Paying Agent. The Issuer shall notify each Paying Agent at least five (5) Business Days prior to the date on which any payment for which a deduction or withholding is required of (i) the amount of such deduction or withholding and (ii) the relevant Authorities to whom such amount should be paid. The Issuer shall provide each Paying Agent with all information reasonably required for the Paying Agent to be able to make such paymentEuropean Union. 11.4 Any payment by Citi the Principal Paying Agent under this Agreement will be made without any deduction or withholding for or on account of any Taxes unless such deduction or withholding is required by any Applicable LawLaws. The Issuer and the CBC acknowledge and agree that Citi the Principal Paying Agent may debit any amount available in any balance held for the Issuer or the CBC and apply such amount in satisfaction of Taxes in connection with the relevant Covered Bonds. Citi The Principal Paying Agent will timely pay the full amount debited or withheld to the relevant Authority in accordance with the relevant Applicable LawLaws. If any Taxes become payable with respect to any prior credit to the Issuer or the CBC by Citithe Principal Paying Agent, the Issuer and the CBC acknowledge that Citi the Principal Paying Agent may debit any balance held for it in satisfaction of such prior Taxes. The Issuer and the CBC shall remain liable for any deficiency and agree that they it shall pay any such deficiency upon notice from Citi the Principal Paying Agent or any Authority. If Taxes are paid by Citi the Principal Paying Agent or any of its affiliates, the Issuer and the CBC agree that they it shall promptly reimburse Citi the Principal Paying Agent for such payment to the extent not covered by withholding from any payment or debited from any balance held for themit. If Citi the Principal Paying Agent is required to make a deduction or withholding referred to above, it will not pay an additional amount in respect of that deduction or withholding to the Issuer or the CBC.

NOTICE OF ANY WITHHOLDING OR DEDUCTION. ‌ 11.1 If the Issuer or the CBC is, in respect of any payment, compelled to withhold or deduct any amount for or on account of taxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, it shall give notice of that fact to the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the requirement to make the withholding or deduction and shall give to the Security Trustee and the relevant Paying Agent such information as any of them shall require to enable it to comply with the requirement. 11.2 If any Paying Agent is, in respect of any payment of principal or interest in respect of the Covered Bonds, compelled to withhold or deduct any amount for or on account of any taxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, other than arising under Clause 11.1 above or by virtue of the relevant holder failing to satisfy any certification or other requirement in respect of its Covered Bonds, it shall give notice of that fact to the Issuer, the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the compulsion to withhold or deduct. 11.3 The Issuer undertakes to Citi that: subject to any law or regulation it will provide to Citi all documentation and other information reasonably required by and necessary for Citi from time to time to comply with any Applicable Law forthwith upon request by Citi; and it will notify Citi in writing within thirty (30) calendar days of any change that affects the Issuer's tax status pursuant to any Applicable Law. It shall be the sole responsibility of the Issuer and the CBC to determine whether a deduction or withholding is or will be required from any payment to be made in respect of the Covered Bonds or otherwise in connection with this Agreement and to procure that such deduction or withholding is made in a timely manner to the appropriate Authorities and the Issuer or the CBC shall as soon as it becomes aware of the requirement to make the withholding or deduction notify each Paying Agent. The Issuer shall notify each Paying Agent at least five (5) Business Days prior to the date on which any payment for which a deduction or withholding is required of (i) the amount of such deduction or withholding and (ii) the relevant Authorities to whom such amount should be paid. The Issuer shall provide each Paying Agent with all information reasonably required for the Paying Agent to be able to make such payment. 11.4 Any payment by Citi under this Agreement will be made without any deduction or withholding for or on account of any Taxes unless such deduction or withholding is required by any Applicable Law. The Issuer and the CBC acknowledge and agree that Citi may debit any amount available in any balance held for the Issuer or the CBC and apply such amount in satisfaction of Taxes in connection with the relevant Covered Bonds. Citi will timely pay the full amount debited or withheld to the relevant Authority in accordance with the relevant Applicable Law. If any Taxes become payable with respect to any prior credit to the Issuer or the CBC by Citi, the Issuer and the CBC acknowledge that Citi may debit any balance held for it in satisfaction of such prior Taxes. The Issuer and the CBC shall remain liable for any deficiency and agree that they shall pay any such deficiency upon notice from Citi or any Authority. If Taxes are paid by Citi or any of its affiliates, the Issuer and the CBC agree that they shall promptly reimburse Citi for such payment to the extent not covered by withholding from any payment or debited from any balance held for them. If Citi is required to make a deduction or withholding referred to above, it will not pay an additional amount in respect of that deduction or withholding to the Issuer or the CBC.

NOTICE OF ANY WITHHOLDING OR DEDUCTION. ‌ 11.1 If the Issuer or the CBC is, in respect of any payment, compelled to withhold or deduct any amount for or on account of taxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, it shall give notice of that fact to the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the requirement to make the withholding or deduction and shall give to the Security Trustee and the relevant Paying Agent such information as any of them shall require to enable it to comply with the requirement. 11.2 If any Paying Agent is, in respect of any payment of principal or interest in respect of the Covered Bonds, compelled to withhold or deduct any amount for or on account of any taxes, duties, assessments or governmental charges as specifically contemplated under the Conditions, other than arising under Clause 11.1 above or by virtue of the relevant holder failing to satisfy any certification or other requirement in respect of its Covered Bonds, it shall give notice of that fact to the Issuer, the Security Trustee and the relevant Paying Agent as soon as it becomes aware of the compulsion to withhold or deduct. 11.3 The Issuer undertakes to Citi the Principal Paying Agent that: : (a) subject to any law applicable law, regulation or regulation Treaty, it will provide to Citi the Principal Paying Agent all documentation and other information reasonably in its possession or control required by and necessary for Citi the Principal Paying Agent from time to time to comply with any Applicable Law forthwith its obligations under FACTA as soon as reasonably possible upon request by Citithe Principal Paying Agent; and and (b) it will notify Citi the Principal Paying Agent in writing within thirty (30) calendar 30 days of any relevant change that affects the Issuer's tax status pursuant to any Applicable Law. It shall be the sole responsibility of the Issuer and the CBC to determine whether a deduction or withholding is or will be required from any payment to be made in respect of the Covered Bonds or otherwise in connection with this Agreement and to procure that such deduction or withholding is made in a timely manner to the appropriate Authorities and the Issuer or the CBC shall as soon as it becomes aware of the requirement to make the withholding or deduction notify each Paying Agent. The Issuer shall notify each Paying Agent at least five (5) Business Days prior to the date on which any payment for which a deduction or withholding is required of (i) the amount of such deduction or withholding and (ii) the relevant Authorities to whom such amount should be paid. The Issuer shall provide each Paying Agent with all information reasonably required for the Paying Agent to be able to make such paymentFACTA purposes. 11.4 Any payment by Citi under this Agreement will be made without any deduction or withholding for or on account of any Taxes unless such deduction or withholding is required by any Applicable Law. The Issuer and the CBC acknowledge and agree that Citi may debit any amount available in any balance held for the Issuer or the CBC and apply such amount in satisfaction of Taxes in connection with the relevant Covered Bonds. Citi will timely pay the full amount debited or withheld to the relevant Authority in accordance with the relevant Applicable Law. If any Taxes become payable with respect to any prior credit to the Issuer or the CBC by Citi, the Issuer and the CBC acknowledge that Citi may debit any balance held for it in satisfaction of such prior Taxes. The Issuer and the CBC shall remain liable for any deficiency and agree that they shall pay any such deficiency upon notice from Citi or any Authority. If Taxes are paid by Citi or any of its affiliates, the Issuer and the CBC agree that they shall promptly reimburse Citi for such payment to the extent not covered by withholding from any payment or debited from any balance held for them. If Citi is required to make a deduction or withholding referred to above, it will not pay an additional amount in respect of that deduction or withholding to the Issuer or the CBC.