Common use of Payment without Withholding Clause in Contracts

Payment without Withholding. All payments in respect of the Notes by or on behalf of the Issuer or the Guarantor (each, a “Payor”) 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 authority having the power to tax, unless the withholding or deduction of the Taxes is required by law. In the event that a Payor is so required to withhold or deduct any Taxes imposed or levied by or on behalf of a Relevant Jurisdiction from a payment in respect of the Notes, the Issuer or, as the case may be, the Guarantor will pay such additional amounts as shall be necessary in order that the net amounts received by the Noteholders and Couponholders after the withholding or deduction shall equal the respective amounts which would have been receivable in respect of the Notes or, as the case may be, Coupons 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 or Coupon:

Payment without Withholding. (a) All payments in respect of the Notes by or on behalf of the Issuer or the Guarantor (each, a “Payor”) 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 (“Withholding Taxes”) imposed or levied by or on behalf of any authority having the power to taxRelevant Jurisdiction, unless the withholding or deduction of the Withholding Taxes is required by law. If the Issuer believes that withholding or deduction for, or on account of any Withholding Taxes is, or may be, required by law, it may list the Notes on a recognised stock exchange (as such term is defined in section 841 of the Income and Corporation Taxes Act 1988 of the United Kingdom) in order to qualify for an exemption from withholding or deduction of such Withholding Taxes provided however that the Issuer’s right to list is not conditional on such withholding or deduction. In addition, the Issuer acknowledges that listing shall be the sole responsibility of the Issuer and agrees that any listing document will not include references to the holders of Notes, unless the reference is required by any applicable law or regulation or the rules of the relevant recognised stock exchange. In the event that a Payor such withholding or deduction is so required to withhold or deduct any Taxes imposed or levied by or on behalf of a Relevant Jurisdiction from a payment in respect of the Noteslaw, the Issuer or, as the case may be, the Guarantor will pay such additional amounts (“Additional Sums”) as shall may be necessary in order that the net amounts received by the Noteholders and Couponholders holders of the Notes after the withholding or deduction shall equal the respective amounts which would have been receivable in respect of the Notes or, as the case may be, Coupons 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 or CouponNote:

Payment without Withholding. All payments in respect of the Notes by or on behalf of the Issuer or the Guarantor and all payments made by the Guarantor or any of its Subsidiaries in respect of the inter-company loans of the proceeds of the offering of the Notes from the Issuer to the Guarantor or any of its Subsidiaries (eachcollectively, a “Payor”the "Intercompany Loan") 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 authority having of the power to taxRelevant Jurisdictions ("Taxes"), unless the such withholding or deduction of the Taxes is required by law. In that event, the event that a Payor is so required to withhold Issuer, the Guarantor or deduct any Taxes imposed or levied by or on behalf of a Relevant Jurisdiction from a payment in respect such Subsidiary of the Notes, the Issuer orGuarantor, as the case may be, the Guarantor will pay such additional amounts ("Additional Amounts") as shall may be necessary in order that the net amounts received by the Noteholders and Couponholders or in connection with the Intercompany Loan after the such withholding or deduction shall equal the respective amounts which would have been receivable in respect of the Notes orNotes, the Coupons or in connection with the Intercompany Loan, as the case may be, Coupons in the absence of the such withholding or deduction; except that no additional amounts Additional Amounts shall be payable in relation to any payment in respect of any Note or Coupon:

Payment without Withholding. All payments in respect of the Notes by or on behalf of the Issuer or the Guarantor and all payments made by PCCW or any of its Subsidiaries in respect of the inter-company loans of the proceeds of the offering of the Notes from the Issuer to PCCW or any of its Subsidiaries (eachcollectively, a “Payor”the "Intercompany Loan") 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 authority having of the power to taxRelevant Jurisdictions ("Taxes"), unless the such withholding or deduction of the Taxes is required by law. In the event that a Payor is so required to withhold or deduct any Taxes imposed or levied by or on behalf of a Relevant Jurisdiction from a payment in respect of the Notesevent, the Issuer orIssuer, PCCW or such Subsidiary of PCCW (whether, the Guarantor, or another subsidiary of PCCW), as the case may be, the Guarantor will pay such additional amounts ("Additional Amounts") as shall may be necessary in order that the net amounts received by the Noteholders and Couponholders or in connection with the Intercompany Loan after the such withholding or deduction shall equal the respective amounts which would have been receivable in respect of the Notes orNotes, the Coupons or in connection with the Intercompany Loan, as the case may be, Coupons in the absence of the such withholding or deduction; except that no additional amounts Additional Amounts shall be payable in relation to any payment in respect of any Note or Coupon: