Common use of Payment of Additional Amounts Clause in Contracts

Payment of Additional Amounts. All payments made by the Guarantor under or with respect to the Guarantees will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction (“Taxes”), unless the Guarantor is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that Guarantor is required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the Guarantees, the Guarantor will pay such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by each holder of Securities (including Additional Amounts) after such withholding or deduction will equal the amount that such Holder would have received if such Taxes had not been required to be withheld or deducted; provided that no Additional Amounts will be payable with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account of:

Payment of Additional Amounts. All payments made by the Company or any Guarantor under or with respect to the Securities and the Guarantees will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction (“Taxes”), unless the Guarantor Company or Guarantor, as the case may be, is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that the Company or Guarantor is required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the Securities or the Guarantees, as the Guarantor case may be, the Company or Guarantor, as the case may be, will pay such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by each holder of Securities (including Additional Amounts) after such withholding or deduction will equal the amount that such Holder would have received if such Taxes had not been required to be withheld or deducted; provided that no Additional Amounts will be payable with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Global Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account of:

Payment of Additional Amounts. All payments made by the Company or the Guarantor under or with respect to the Guarantees Securities and any Guarantee will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction (“Taxes”), unless the Guarantor Company or Guarantor, as the case may be, is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that the Company or Guarantor is required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the Securities or the Guarantees, as the Guarantor case may be, the Company or Guarantor, as the case may be, will pay such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by each holder of Securities (including Additional Amounts) after such withholding or deduction will equal the amount that such Holder would have received if such Taxes had not been required to be withheld or deducted; provided that no Additional Amounts will be payable with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Global Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account of:

Payment of Additional Amounts. All payments made by of Principal and interest in respect of the Guarantor under or with respect to the Guarantees will Securities shall be made free and clear of and without withholding or deduction for or on account of any present or future taxestax, dutiesduty, levieslevy, impostsimpost, assessments assessment or other governmental charges charge of whatever any nature whatsoever imposed or levied by or on behalf of (i) the government of the United Kingdom or of any Taxing Jurisdiction territory of the United Kingdom or by any authority or agency therein or thereof having the power to tax or (“ii) the government of the United States or of any state or territory of the United States or by any authority or agency therein or thereof having the power to tax (collectively, "Taxes”"), unless except to the Guarantor is extent such Taxes are required to withhold be withheld or deduct Taxes deducted by law or by the interpretation or administration thereof. In If either the event that Company or the Guarantor is so required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with in respect to of the GuaranteesSecurities, the Guarantor will Company or the Guarantor, as the case may be, shall pay such additional amounts (“"Additional Amounts”") as may be necessary so such that the net amount received by each holder of Securities Holder (including such Additional Amounts) after such withholding or deduction will equal shall not be less than the amount that such Holder would have received if such the Taxes had not been required to be withheld or deducted; provided that no Additional Amounts will be payable with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account ofTaxes:

Payment of Additional Amounts. All payments made by of Principal and interest in respect of the Guarantor under or with respect to the Guarantees will Securities shall be made free and clear of and without withholding or deduction for or on account of any present or future taxestax, dutiesduty, levieslevy, impostsimpost, assessments assessment or other governmental charges charge of whatever any nature whatsoever imposed or levied by or on behalf of (i) the government of the United Kingdom or of any Taxing Jurisdiction territory of the United Kingdom or by any authority or agency therein or thereof having the power to tax or (ii) the government of the United States or of any state or territory of the United States or by any authority or agency therein or thereof having the power to tax (collectively, “Taxes”), unless except to the Guarantor is extent such Taxes are required to withhold be withheld or deduct Taxes deducted by law or by the interpretation or administration thereof. In If either the event that Company or the Guarantor is so required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with in respect to of the GuaranteesSecurities, the Guarantor will Company or the Guarantor, as the case may be, shall pay such additional amounts (“Additional Amounts”) as may be necessary so such that the net amount received by each holder of Securities Holder (including such Additional Amounts) after such withholding or deduction will equal shall not be less than the amount that such Holder would have received if such the Taxes had not been required to be withheld or deducted; provided that no Additional Amounts will be payable with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account ofTaxes:

Payment of Additional Amounts. All Unless otherwise required by law, an Issuer will not deduct or withhold from payments made by the such Issuer or a Guarantor under or with respect to the Guarantees will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction (“Taxes”), unless the Guarantor is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that Guarantor an Issuer is required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the Securities or the Guarantees, the Guarantor such Issuer will pay such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by each holder of Securities (including Additional Amounts) after such withholding or deduction will equal the amount that such Holder would have received if such Taxes had not been required to be withheld or deducted; provided provided, that no Additional Amounts will not be payable with respect to a payment made to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account of:

Payment of Additional Amounts. All payments made by the Guarantor Company under or with respect to the Guarantees Offered Securities will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction (“Taxes”), unless the Guarantor Company is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that Guarantor the Company is required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the GuaranteesOffered Securities, the Guarantor Company will pay such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by each holder of Offered Securities (including Additional Amounts) after such withholding or deduction will equal the amount that such Holder would have received if such Taxes had not been required to be withheld or deducted; provided that no Additional Amounts will be payable with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests interest in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account of:

Payment of Additional Amounts. All payments made by or on behalf of the Guarantor Company under or with respect to the Guarantees any Securities of any series (or by any Guarantor with respect to any Guarantee) will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction (“Taxes”), unless the Guarantor Company (or such Guarantor) is required to withhold or deduct such Taxes by law law. If the Company (or by the interpretation or administration thereof. In the event that Guarantor any Guarantor) is so required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the GuaranteesSecurities of any series any amount for or on account of any Taxes imposed under (1) any jurisdiction in which the Company (or any Guarantor) is then incorporated, organized, engaged in business or resident for tax purposes or any political subdivision or taxing authority or agency thereof or therein or (2) any jurisdiction from or through which payment is made by or on behalf of the Company (or any Guarantor) (including the jurisdiction of any paying agent for the Securities of such series) or any political subdivision or taxing authority or agency thereof or therein (each of (1) and (2), a “Taxing Jurisdiction”), the Guarantor Company (or such Guarantor) will pay to each Holder such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by each holder Holder and beneficial owner of the Securities of such series (including Additional Amounts) after such withholding or deduction will equal not be less than the amount that such Holder or beneficial owner would have received if such Taxes had not been required to be withheld or deducted; provided that provided, however, no Additional Amounts will be payable to a Holder with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account ofto:

Payment of Additional Amounts. All payments made by the Guarantor under Issuer, in respect of the Notes, or with the Guarantor, in respect to of the Guarantees Guarantee, will be made free and clear of and without deduction or withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or other governmental charges of whatever nature imposed (“Taxes”) unless any such deduction or withholding is required by law. If any deduction or withholding for, or on account of, any Taxes is imposed, collected, withheld, assessed or levied by or on behalf of Korea or Canada, or within any Taxing Jurisdiction (“Taxes”), unless the Guarantor is required to withhold or deduct Taxes by law political subdivision thereof or by any authority therein having power to tax, the interpretation Issuer or administration thereof. In the event that Guarantor is required to so Guarantor, as applicable, will withhold or deduct any amount for or on account of any such Taxes from any payment made under or with respect and pay them to the Guaranteesrelevant government authority, and the Guarantor Issuer or the Guarantor, as applicable, will pay such additional amounts in respect of Taxes as will result (i) with respect to the Issuer, in the payment to Holders of the principal of, premium (if any) and interest on the Notes that would otherwise have been receivable by them in respect of payments on such Notes in the absence of such deduction or withholding or (ii) with respect to the Guarantor, the amounts guaranteed under the Guarantee that would otherwise have been receivable by the Holders in respect of payments under the Guarantee in the absence of such deduction or withholding (such additional amounts due by the Issuer or the Guarantor, as applicable, the “Additional Amounts”) as may be necessary so that the net amount received by each holder of Securities (including Additional Amounts) after such withholding or deduction will equal the amount that such Holder would have received if such Taxes had not been required to be withheld or deducted; provided ), except that no such Additional Amounts will shall be payable with in respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account ofNote:

Payment of Additional Amounts. All payments made (a) Unless otherwise required by law, neither the Issuer nor the Guarantor under (including, for the purposes of this Section 4.07, any successor to the Issuer or the Guarantor) shall deduct or withhold from payments and deliveries made with respect to the Guarantees will be made free Notes and clear the Guarantee, including, but not limited to, payments of principal (including, if applicable, the Fundamental Change Repurchase Price or Redemption Price), payments of interest and without withholding payments of cash and/or deliveries of Common Shares or deduction for or other Reference Property, if any, upon exchange, on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature (including, without limitation, penalties and interest and other similar liabilities related thereto) (“Taxes”) imposed or levied by or on behalf of any Taxing Jurisdiction (“Taxes”), unless political subdivisions or taxing authorities in having the power to tax. The Issuer or the Guarantor is required to shall withhold or deduct any Taxes as required by law or by the interpretation or administration thereofapplicable law. In the event that any such payment or delivery by or on behalf of the Issuer or the Guarantor is required subject to so withhold withholding or deduct any amount for or deduction on account of any Bermuda Taxes due from any such payment or delivery made under or with respect to the GuaranteesNotes or the Guarantee, as the case may be, the Guarantor will Issuer or the Guarantor, as the case may be, shall pay such additional amounts (“Additional Amounts”) as may be necessary Amounts so that the net amount received by each holder Holder of Securities (including Additional Amounts) after such withholding or deduction Notes will equal the amount that such Holder would have received if such the Bermuda Taxes had not been required to be withheld or deducted; provided . The amounts that no Additional Amounts will be payable with respect the Issuer or the Guarantor are required to a payment pay to a holder preserve the net amount receivable by the Holders of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject Notes are referred to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account of:as “Additional Amounts.”

Payment of Additional Amounts. All payments made by Guarantors or the Guarantor Company under or with respect to the Securities and the Guarantees will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction (“Taxes”), unless Guarantors or the Guarantor Company, as the case may be, is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that Guarantor Guarantors or the Company is required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the Securities or the Guarantees, as the Guarantor case may be, Guarantors or the Company, as the case may be, will pay such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by each holder of Securities (including Additional Amounts) after such withholding or deduction will equal the amount that such Holder would have received if such Taxes had not been required to be withheld or deducted; provided that no Additional Amounts will be payable with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Global Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account of:

Payment of Additional Amounts. All payments made by or on behalf of the Guarantor Company under or with respect to the Guarantees any Securities of any series (or by any Guarantor with respect to any Guarantee) will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction (“Taxes”), unless the Guarantor Company (or such Guarantor) is required to withhold or deduct such Taxes by law law. If the Company (or by the interpretation or administration thereof. In the event that Guarantor any Guarantor) is so required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the GuaranteesSecurities of any series any amount for or on account of any Taxes imposed under (1) any jurisdiction in which the Company (or any Guarantor) is then incorporated, organized, engaged in business or resident for tax purposes or any political subdivision or taxing authority or agency thereof or therein or (2) any jurisdiction from or through which payment is made by or on behalf of the Company (or any Guarantor) (including the jurisdiction of any paying agent for the Securities of such series) or any political subdivision or taxing authority or agency thereof or therein (including the jurisdiction of any paying agent) (each of (1) and (2), a “Taxing Jurisdiction”), the Guarantor Company (or such Guarantor) will pay to each Holder such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by each holder of Securities Holder (including Additional Amounts) after such withholding or deduction will equal not be less than the amount that such Holder would have received if such Taxes had not been required to be withheld or deducted; provided that provided, however, no Additional Amounts will be payable to a Holder with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account ofto:

Payment of Additional Amounts. All payments made by the Guarantor under Unless either inapplicable to a particular series or with respect specifically deleted or modified in or pursuant to the Guarantees Officer’s Certificate or any supplemental indenture establishing such series of Notes or in the form of note for such series, each of the Parent, BATIF and BATNF will be made free and clear of and make payments pursuant to the applicable Guarantee without withholding or deduction for or on account of any present or future taxestax, dutieslevy, levies, imposts, assessments impost or other similar governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction charge (“Taxes”) imposed, assessed, levied or collected by or for the account of the United Kingdom (in the case of a payment by the Parent or BATIF) or The Netherlands (in the case of a payment by BATNF), including in each case any political subdivision thereof or any authority thereof having the power to tax (a “Relevant Taxing Jurisdiction”), unless the such withholding or deduction is required by law. If any such Guarantor is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that Guarantor is required a Relevant Taxing Jurisdiction to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the Guaranteessuch Taxes, the such Guarantor will pay to the Holder such additional amounts (“Additional Amounts”) as may be necessary so that will result in the net amount receipt by the Holder of such amounts as would have been received by each holder of Securities (including Additional Amounts) after it if no such withholding or deduction will equal the amount that such Holder would have received if such of Taxes had not been required; provided, however, that no Guarantor shall be required to be withheld or deducted; provided that no pay any Additional Amounts will be payable with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account of:

Payment of Additional Amounts. All payments made by the Company or the Guarantor of principal of, and premium (if any) and interest on or in respect of the Securities or under or with respect to the Guarantees will be made free and clear of and without withholding or deduction for for, or on account of of, any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by any jurisdiction in which the Company or on behalf of the Guarantor, as the case may be, is organized or resident for tax purposes (or any political subdivision or taxing authority thereof or therein) (each, as applicable, a “Relevant Taxing Jurisdiction Jurisdiction”), or any jurisdiction through which the Company or the Guarantor makes payments (each, as applicable and together with the Relevant Taxing Jurisdiction, a “TaxesRelevant Jurisdiction”), unless the Guarantor such withholding or deduction is required to withhold or deduct Taxes by law or by regulation or governmental policy having the interpretation or administration thereofforce of law. In the event that Guarantor any such withholding or deduction is required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the Guaranteesrequired, the Guarantor Company or the Guarantor, as the case may be, will pay such additional amounts (“Additional Amounts”) as may be necessary so that will result in receipt by the net amount Holder of the Security of such amounts as would have been received by each holder of Securities (including Additional Amounts) after such Holder had no such withholding or deduction will equal the amount that such Holder would have received if such Taxes had not been required to be withheld or deducted; provided required, except that no Additional Amounts will shall be payable with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account ofpayable:

Payment of Additional Amounts. All The Company and the Guarantor shall make all payments made of principal, interest and premium in respect of the Securities (including payments by the Guarantor under or with respect to the Guarantees will be made Subordinated Guarantee) free and clear of of, and without withholding or deduction for or on account of for, any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction (“Taxes”) imposed, levied, collected, withheld or assessed by The Netherlands (if by the Company) or the Federal Republic of Germany (if by the Guarantor) or any political subdivision or any authority thereof or therein that has power to tax (a “Relevant Jurisdiction”), unless the Company or the Guarantor is required to withhold or deduct Taxes compelled by law to make such withholding or by the interpretation or administration thereofdeduction. In the event that Guarantor is required to so withhold of such withholding or deduct any amount for deduction, the Company or on account of any Taxes from any payment made under or with respect to the Guarantees, the Guarantor will pay such additional amounts (the “Additional Amounts”) as may be are necessary so for each Holder to receive, after deduction or withholding of such Taxes, the full amount that the net amount received by each holder of Securities (including Additional Amounts) after such withholding or deduction will equal the amount that such Holder would have received if no such Taxes withholding or deduction had not been required to be withheld or deductedrequired; provided that no such Additional Amounts will shall be payable with respect to a payment to a holder such Taxes in respect of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation any amount payable on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account ofSecurities:

Payment of Additional Amounts. All payments made by the Guarantor Issuer under or with respect to the Guarantees will Notes shall be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature Taxes imposed or levied by or on behalf of any Taxing Jurisdiction Authority in any jurisdiction in which the Issuer is organized or is otherwise resident for tax purposes or any jurisdiction from or through which payment is made (each a “TaxesRelevant Taxing Jurisdiction”), unless the Guarantor Issuer is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In If the event that Guarantor Issuer is required to so withhold or deduct any amount for or on account of any Taxes imposed by a Relevant Taxing Jurisdiction, from any payment made under or with respect to the GuaranteesNotes, the Guarantor will Issuer shall make such withholding or deduction and shall pay such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by each holder Holder of Securities Notes (including Additional Amounts) after such withholding or deduction will shall equal the amount that such the Holder would have received if such Taxes had not been required to be withheld or deducted; provided provided, however, that no Additional Amounts will shall be payable with respect to a payment to a holder of the Offered Securities any Tax that would not have been imposed, payable or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account ofdue:

Payment of Additional Amounts. All payments made by the Guarantor Issuer under or with respect to the Guarantees will Notes shall be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature Taxes imposed or levied by or on behalf of any Taxing Jurisdiction Authority in any jurisdiction in which the Issuer is organized or is otherwise resident for tax purposes or any jurisdiction from or through which payment is made (“Taxes”each a "Relevant Taxing Jurisdiction"), unless the Guarantor Issuer is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In If the event that Guarantor Issuer is required to so withhold or deduct any amount for or on account of any Taxes imposed by a Relevant Taxing Jurisdiction, from any payment made under or with respect to the GuaranteesNotes, the Guarantor will Issuer shall make such withholding or deduction and shall pay such additional amounts (“"Additional Amounts”") as may be necessary so that the net amount received by each holder Holder of Securities Notes (including Additional Amounts) after such withholding or deduction will shall equal the amount that such the Holder would have received if such Taxes had not been required to be withheld or deducted; provided provided, however, that no Additional Amounts will shall be payable with respect to a payment to a holder of the Offered Securities any Tax that would not have been imposed, payable or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account ofdue:

Payment of Additional Amounts. (a) All payments made by that the Guarantor Issuer makes under or with respect to the Guarantees Notes and that any Guarantor makes under or with respect to any Note Guarantee will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature Taxes imposed or levied by or on behalf of Canada or any other jurisdiction (i) in which the Issuer or any Guarantor is incorporated, organized or otherwise resident or doing business for tax purposes or (ii) from or through which the Issuer or any Guarantor or their paying agents makes any payment under or with respect to the Notes or any Note Guarantee, or by, in each case, any political subdivision or taxing authority or agency thereof or therein (each, a “Relevant Taxing Jurisdiction (“TaxesJurisdiction”), unless withholding or deduction is then required by law. If the Issuer or any Guarantor or any other applicable withholding agent is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that Guarantor is required to so withhold or deduct any amount for or on account of any Taxes from imposed by a Relevant Taxing Jurisdiction in respect of any payment made under or with respect to the GuaranteesNotes or any Note Guarantee, the Guarantor Issuer or such Guarantor, as the case may be, will pay such additional amounts (“Additional Amounts”) as may be necessary so to ensure that the net amount received by each holder beneficial owner of Securities (including Additional Amounts) the Notes after such withholding or deduction (including any withholding or deduction attributable to the Additional Amounts) will equal be not less than the amount that such Holder the beneficial owner would have received if such Taxes had not been required to be withheld or deducted; provided that no Additional Amounts will be payable with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account of:.

Payment of Additional Amounts. All Unless otherwise required by law, the Issuer will not deduct or withhold from payments made by the Issuer or a Guarantor under or with respect to the Guarantees will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction (“Taxes”), unless the Guarantor is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that Guarantor the Issuer is required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the Securities or the Guarantees, the Guarantor Issuer will pay such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by each holder of Securities (including Additional Amounts) after such withholding or deduction will equal the amount that such Holder would have received if such Taxes had not been required to be withheld or deducted; provided provided, that no Additional Amounts will not be payable with respect to a payment made to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account of:

Payment of Additional Amounts. All payments made by the Guarantor ----------------------------- Issuer under or with respect to the Guarantees a Note or Notes will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction Authority (“"Taxes”"), unless the Guarantor Issuer is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that Guarantor the Issuer is required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the Guaranteesa Note or Notes, the Guarantor Issuer will pay such additional amounts (“"Additional Amounts”") as may be necessary so that the net amount received by each holder of Securities the Holder (including Additional Amounts) after such withholding or deduction will equal the amount that such the Holder would have received if such Taxes had not been required to be withheld or deducted; provided that no Additional Amounts will be payable with respect to a payment made the Holder to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account ofextent:

Payment of Additional Amounts. All payments made by the Guarantor ----------------------------- Issuer under or with respect to the Guarantees a Note or Notes will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction Authority (“"Taxes”"), unless the Guarantor Issuer, is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that Guarantor the Issuer is required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the Guaranteesa Note or Notes, the Guarantor Issuer will pay such additional amounts (“"Additional Amounts”") as may be necessary so that the net amount received by each holder of Securities the Holder (including Additional Amounts) after such withholding or deduction will equal the amount that such the Holder would have received if such Taxes had not been required to be withheld or deducted; provided that no Additional Amounts will be payable with respect to a payment made the Holder to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account ofextent:

Payment of Additional Amounts. (a) All payments made in respect of the Notes or any Guarantee thereof by or on behalf of the Guarantor under Company or with respect to the Guarantees will any Guarantor, shall be made free and clear of and without withholding or deduction for or on account of any present 71 or future taxes, duties, levies, impostsassessments, assessments or other governmental charges charges, including any related interest, penalties or additions to tax (“Taxes”) unless such withholding or deduction is required by law. If any deduction or withholding in respect of whatever nature any Taxes imposed or levied by or on behalf of (a) any Taxing Jurisdiction jurisdiction in which the Company or any Guarantor is or was incorporated, organized, or engaged in business or resident for tax purposes, or (“Taxes”b) any jurisdiction from or through which payment is made by or on behalf of the Company or any Guarantor (or any of their respective agents, including the jurisdiction of any Paying Agent) (each of (a) and (b), unless the Guarantor is and any political subdivision thereof or therein, a “Relevant Taxing Jurisdiction”) will at any time be required to withhold or deduct Taxes be made by law or by the interpretation or administration thereof. In the event that Guarantor is required to so withhold or deduct any amount for or on account applicable withholding agent in respect of any Taxes from any payment made under or with respect to the Guaranteesany Notes, or any Guarantee thereof, the Guarantor will Company or the relevant Guarantor, as applicable, shall pay such additional amounts (“Additional Amounts”) as may shall be necessary so in order that the net amount amounts received by each holder the beneficial owners of Securities (including Additional Amounts) the Notes, after such withholding or deduction will by such applicable withholding agent shall equal the amount that such Holder respective amounts which would otherwise have been received if such Taxes had not been required to be withheld or deducted; provided that no Additional Amounts will be payable with in respect to a payment to a holder of the Offered Securities Notes or a holder of a beneficial interests Guarantee thereof, as applicable, in the Offered Securities where absence of such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities withholding or for or on account of:deduction.

Payment of Additional Amounts. All payments made by the Guarantor under or with respect to the Guarantees will be made free and clear of and without withholding or deduction for or on account of any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf of any Taxing Jurisdiction (“Taxes”), unless the Guarantor is required to withhold or deduct Taxes by law or by the interpretation or administration thereof. In the event that Guarantor is required to so withhold or deduct any amount for or on account of any Taxes from any payment made under or with respect to the Guarantees, the Guarantor will pay such additional amounts (“Additional Amounts”) as may be necessary so that the net amount received by each holder of Securities (including Additional Amounts) after such withholding or deduction will equal the amount that such Holder would have received if such Taxes had not been required to be withheld or deducted; provided provided, that no Additional Amounts will be payable with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account of:

Payment of Additional Amounts. All The Company will make all payments made by of principal of, and premium (if any) and interest on the Guarantor under or with respect to the Guarantees will be made free and clear Notes of and any series without withholding or deduction for for, or on account of of, any present or future taxes, duties, levies, imposts, assessments or governmental charges of whatever nature imposed or levied by or on behalf within Luxembourg, any jurisdiction in which ArcelorMittal is resident for tax purposes or, in the case of a successor entity, any Taxing Jurisdiction jurisdiction in which such successor entity is organized or resident for tax purposes (or any political subdivision or taxing authority thereof or therein) (each, as applicable, a “TaxesRelevant Jurisdiction”), unless the Guarantor such withholding or deduction is required to withhold or deduct Taxes by law or by regulation or governmental policy having the interpretation or administration thereofforce of law. In the event that Guarantor any such withholding or deduction is required to so withhold required, the Company or deduct any successor entity, as the case may be, will make such deduction or withholding, make payment of the amount for or on account of any Taxes from any payment made under or with respect so withheld to the Guarantees, the Guarantor appropriate governmental authority and will pay such additional amounts (“Additional Amounts”) as may be necessary so that will result in receipt by the net amount Holders of such amounts as would have been received by each holder of Securities (including Additional Amounts) after the Holders had no such withholding or deduction will equal the amount that such Holder would have received if such Taxes had not been required to be withheld or deducted; provided by the Relevant Jurisdiction, except that no Additional Amounts will be payable with respect to a payment to a holder of the Offered Securities or a holder of a beneficial interests in the Offered Securities where such holder is subject to taxation on such payment by a relevant Taxing Jurisdiction for any reason other than such holder’s mere ownership of the Offered Securities or for or on account ofpayable: