Qualifying Banks. (a) Subject to paragraph (b) below, if a Bank is not or ceases to be a Qualifying Bank in respect of the U.K., no Obligor will be liable to pay to that Bank under Clause 13.1 (Gross-up), any amount in respect of taxes levied or imposed by the U.K. or any taxing authority of or in the U.K. in excess of the amount it would have been obliged to pay if that Bank had been, or had not ceased to be, a Qualifying Bank in respect of the U.K.
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Samples: Credit Agreement (Spirent PLC), Agreement (Spirent PLC), Facility Agreement (Spirent PLC)
Qualifying Banks. (a) Subject to paragraph (b) below, if a Bank is not or ceases to be a Qualifying Bank in respect of the U.K., no Obligor Borrower will be liable to pay to that Bank under Clause 13.1 (Gross-up), any amount in respect of taxes levied or imposed by the U.K. or any taxing authority of or in the U.K. in excess of the amount it would have been obliged to pay if that Bank had been, or had not ceased to be, a Qualifying Bank in respect of the U.K.Bank.
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Samples: Credit Agreement (Ti Group PLC)
Qualifying Banks. (a) (i) Subject to paragraph (b) below, if a Bank is not or ceases to be a Qualifying Bank in respect of the U.K.Bank, no Obligor incorporated in the U.K. will be liable to pay to that Bank under Clause 13.1 15.1 (Gross-up), any amount in respect of taxes levied or imposed by the U.K. or any taxing authority of or in the U.K. in excess of the amount it would have been obliged to pay if that Bank had been, or had not ceased to be, a Qualifying Bank in respect of the U.K.Bank; or
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