Common use of Notification of Requirement to Deduct Tax Clause in Contracts

Notification of Requirement to Deduct Tax. If, at any time, the Borrower is required by law to make any deduction or withholding from any sum payable by it under any of the Facility Documents (or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated), the Borrower shall promptly notify the Agent, whereupon the Agent shall notify the Banks and the Security Trustee accordingly.

Notification of Requirement to Deduct Tax. If, at any time, the either Borrower is required by law to make any deduction or withholding from any sum payable by it under any of the Facility Documents (or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated), the Borrower Borrowers shall promptly notify the Agent, whereupon the Agent shall notify the Banks and the Security Trustee accordingly.

Notification of Requirement to Deduct Tax. If, at any time, the Borrower is required by law to make any deduction or withholding from any sum payable by it under any of the Facility Financing Documents (or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated), the Borrower shall promptly notify the Agent, whereupon the Agent shall notify the Banks and the Security Trustee accordingly.

Notification of Requirement to Deduct Tax. If, at any time, the Borrower is required by law to make any deduction or withholding from any sum payable by it under any of the Facility Documents to which it is a party (or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated), the Borrower shall promptly notify the Agent, whereupon the Agent shall notify the Banks and the Security Trustee accordingly.

Notification of Requirement to Deduct Tax. If, at any time, the Borrower an Obligor is required by law to make any deduction or withholding from any sum payable by it under any of the Facility Finance Documents (or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated), the Principal Borrower and the Bank to which sum is payable shall promptly upon becoming aware of such a requirement notify the Agent, whereupon Agent accordingly. If the Agent receives such a notification from a Bank it shall notify the Banks Principal Borrower and the Security Trustee accordinglyrelevant Obligor.

Notification of Requirement to Deduct Tax. If, at any time, the Borrower is required by law to make any deduction or withholding from any sum payable by it under any of the Facility Finance Documents (or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated), the Borrower shall promptly notify the Agent, whereupon the Agent shall notify the Banks and the Security Trustee accordinglyBank.