Payment without Withholding. All payments in respect of the Notes by or on behalf of the Issuer shall be made without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature (“Taxes”) imposed or levied by or on behalf of any Relevant Jurisdiction, unless the withholding or deduction of the Taxes is required by law. In that event, the Issuer will pay such additional amounts as shall be necessary in order that the net amounts received by the Noteholders after the withholding or deduction shall equal the respective amounts which would have been receivable in respect of the Notes in the absence of the withholding or deduction; except that no additional amounts shall be payable in relation to any payment in respect of any Note: (a) presented for payment by or on behalf of a holder who is liable for the Taxes in respect of the Note by reason of such holder having some connection with any Relevant Jurisdiction other than the mere holding of the Note; or (b) presented for payment in the Republic of Turkey; or (c) presented for payment more than 30 days after the Relevant Date (as defined below) except to the extent that a holder would have been entitled to additional amounts on presenting the same for payment on the last day of such 30 day period assuming that day to have been a Business Day (as defined in Condition 7).
Appears in 1 contract
Samples: Fiscal Agency Agreement
Payment without Withholding. All payments in respect of the Notes by or on behalf of the Issuer shall will be made without withholding or deduction for, for or on account of, of any present or future taxes, duties, assessments or governmental charges of whatever nature (“"Taxes”") imposed or levied by or on behalf of any Relevant Jurisdiction, Jurisdiction unless the such withholding or deduction of the Taxes is required by law. In that such event, the Issuer will pay such additional amounts as shall be necessary in order that the net amounts received by the Noteholders holders of the Notes after the such withholding or deduction shall equal the respective amounts which would otherwise have been receivable in respect of the Notes Notes, in the absence of the such withholding or deduction; except that no such additional amounts shall be payable in relation to any payment in with respect of to any Note:
(a) presented for payment by or on behalf of a holder who is liable for the Taxes in respect of the Note by reason of such holder his having some connection with any Relevant Jurisdiction other than the mere holding of the such Note; or
(b) presented for payment in the Republic of Turkey; or
(c) presented for payment more than 30 days after the Relevant Date (as defined below) except to the extent that a the holder thereof would have been entitled to an additional amounts amount on presenting the same for payment on the last day of such the period of 30 day period days assuming that day to have been a Business Payment Day (as defined in Condition 77.4).. Notwithstanding any other provision of these Conditions, in no event will the Issuer, Paying Agent or any other person be required to pay any additional amounts in respect of the Notes for, or on account of, any withholding or deduction required pursuant to FATCA (including pursuant to any agreement described in Section 1471(b) of the Code) or any law implementing an intergovernmental approach to FATCA. For the purposes of these Conditions:
Appears in 1 contract
Samples: Fiscal Agency Agreement
Payment without Withholding. All payments in respect of the Notes principal, premium and interest by or on behalf of the Issuer in respect of the Notes shall be made free and clear of, and without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature (“"Taxes”") imposed imposed, levied, collected, withheld or levied assessed by or on behalf of within any Relevant Jurisdiction, unless the such withholding or deduction of the Taxes is required by law. In that eventFor the avoidance of doubt, FATCA Withholding is a deduction or withholding which is deemed to be required by law for the purposes of this Condition 8.1. If the Issuer is required to make a deduction or withholding by or within any Relevant Jurisdiction (other than FATCA Withholding), the Issuer will shall pay such additional amounts as shall be necessary result in order that the net amounts received receipt by the Noteholders after the of such amounts as would have been received by them had no such withholding or deduction shall equal the respective amounts which would have been receivable in respect of the Notes in the absence of the withholding or deduction; required, except that no such additional amounts shall be payable in relation with respect to any payment in respect of any Note:
(a) presented for payment by or on behalf the Noteholder of a holder who which is liable for the Taxes in respect of the such Note by reason of such holder having some present or former connection with any the Relevant Jurisdiction other than the a mere holding of the NoteNotes; or
(b) presented for payment (or in respect of which the Republic of Turkey; or
(cDefinitive Certificate representing it is presented) presented for payment more than 30 days after the Relevant Date (as defined below) except to the extent that a holder Noteholder would have been entitled to additional amounts on presenting the same for payment on the last day of such the period of 30 day period days assuming that day to have been a Business Day (as defined in Condition 7)Day.
Appears in 1 contract
Samples: Trust Deed
Payment without Withholding. All payments in respect of the Notes principal, premium and interest by or on behalf of the Issuer or any Guarantor in respect of the Notes or the Notes Guarantee shall be made free and clear of, and without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature (“Taxes”) imposed imposed, levied, collected, withheld or levied assessed by or on behalf of any Relevant JurisdictionAuthority having power to tax (“Taxes”). For the avoidance of doubt, unless FATCA Withholding is a deduction or withholding which is deemed to be required by law for the withholding purposes of this Condition 9.1. If the Issuer or deduction of the Taxes any Guarantor is required to make a deduction or withholding by law. In that eventor within any Relevant Jurisdiction (other than FATCA Withholding), the Issuer will or Guarantor (as applicable) shall pay such additional amounts as shall be necessary result in order that the net amounts received receipt by the Noteholders after the of such amounts as would have been received by them had no such withholding or deduction shall equal the respective amounts which would have been receivable in respect of the Notes in the absence of the withholding or deduction; required, except that no such additional amounts shall be payable in relation with respect to any payment in respect of any Note:
(a) presented for payment by or on behalf the Noteholder of a holder who which is liable for the Taxes in respect of the such Note by reason of such holder having some present or former connection with any the Relevant Jurisdiction other than the a mere holding of the NoteNotes; or
(b) presented for payment (or in respect of which the Republic of Turkey; or
(cDefinitive Certificate representing it is presented) presented for payment more than 30 days after the Relevant Date (as defined below) except to the extent that a holder Noteholder would have been entitled to additional amounts on presenting the same for payment on the last day of such the period of 30 day period days assuming that day to have been a Business Day (as defined in Condition 7)Day.
Appears in 1 contract
Samples: Trust Deed
Payment without Withholding. All payments in respect of the Notes principal, premium and interest by or on behalf of the Issuer or any Guarantor in respect of the Notes or the Notes Guarantee shall be made free and clear of, and without withholding or deduction for, or on account of, any present or future taxes, duties, assessments or governmental charges of whatever nature (“"Taxes”") imposed imposed, levied, collected, withheld or levied assessed by or on behalf of within any Relevant Jurisdiction, unless the such withholding or deduction of the Taxes is required by law. In that eventFor the avoidance of doubt, FATCA Withholding is a deduction or withholding which is deemed to be required by law for the purposes of this Condition 9.1. If the Issuer or any Guarantor is required to make a deduction or withholding by or within any Relevant Jurisdiction (other than FATCA Withholding), the Issuer will or Guarantor (as applicable) shall pay such additional amounts as shall be necessary result in order that the net amounts received receipt by the Noteholders after the of such amounts as would have been received by them had no such withholding or deduction shall equal the respective amounts which would have been receivable in respect of the Notes in the absence of the withholding or deduction; required, except that no such additional amounts shall be payable in relation with respect to any payment in respect of any Note:
(a) presented for payment by or on behalf the Noteholder of a holder who which is liable for the Taxes in respect of the such Note by reason of such holder having some present or former connection with any the Relevant Jurisdiction other than the a mere holding of the NoteNotes; or
(b) presented for payment (or in respect of which the Republic of Turkey; or
(cDefinitive Certificate representing it is presented) presented for payment more than 30 days after the Relevant Date (as defined below) except to the extent that a holder Noteholder would have been entitled to additional amounts on presenting the same for payment on the last day of such the period of 30 day period days assuming that day to have been a Business Day (as defined in Condition 7)Day.
Appears in 1 contract
Samples: Trust Deed
Payment without Withholding. All payments in respect of the Notes by or on behalf of the Issuer shall will be made without withholding or deduction for, for or on account of, of any present or future taxes, duties, assessments or governmental charges of whatever nature (“"Taxes”") imposed or levied by or on behalf of any Relevant Jurisdiction, Jurisdiction unless the such withholding or deduction of the Taxes is required by law. In that such event, the Issuer will pay such additional amounts as shall be necessary in order that the net amounts received by the Noteholders holders of the Notes after the such withholding or deduction shall equal the respective amounts which would otherwise have been receivable in respect of the Notes Notes, in the absence of the such withholding or deduction; except that no such additional amounts shall be payable in relation to any payment in with respect of to any Note:
(a) presented for payment by or on behalf of a holder who is liable for the Taxes in respect of the Note by reason of such holder his having some connection with any Relevant Jurisdiction other than the mere holding of the such Note; or
(b) presented for payment in the Republic of Turkey; or
(c) presented for payment more than 30 days after the Relevant Date (as defined below) except to the extent that a the holder thereof would have been entitled to an additional amounts amount on presenting the same for payment on the last day of such the period of 30 day period days assuming that day to have been a Business Payment Day (as defined in Condition 77.4).. Notwithstanding any other provision of these Conditions, in no event will the Issuer, Paying Agent or any other person be required to pay any additional amounts in respect of the Notes for, or on account of, any withholding or deduction required pursuant to FATCA (including pursuant to any agreement described in Section 1471(b) of the Code) or any law implementing an intergovernmental approach thereto. For the purposes of these Conditions:
Appears in 1 contract
Samples: Fiscal Agency Agreement