Tax Compensation. The payment of interests and the redemption of principal in respect of the Bonds are made by and on behalf of the Issuer without withholding or deduction of taxes, obligations, charges or any public charges of any nature (the Taxes), being imposed, received, withheld, levied in or by Belgium or by any other Belgian authority granted of such imposition power, unless the withholding or deduction is imposed by the law. In such case, the Issuer will pay additional amounts which are necessary in order for the Bondholders to receive the payments they should have received if such withholding or deduction was not made. However, such additional amounts shall not be paid in the following cases:
Tax Compensation. During the performance of this Agreement, if the relevant provisions of the Chinese law are changed so that the Purchaser is required to pay the taxes and fees in respect of its claim for the rental, the Seller or the successor of its rights and obligations shall compensate the Purchaser for such taxes and fees paid by the Purchaser in connection therewith.
Tax Compensation. The Employer shall indemnify the Executive for the difference between the amount of tax charged on all amounts payable under this Agreement or the exercise of any stock options by the governments of Canada and the Province of British Columbia and the applicable taxation rates that would have been charged on those payments or the exercise of those stock options by the governments of the United States of America or the State of California, provided that such difference has been determined after consultation with the Employer’s auditors or another tax advisor acceptable to both the Executive and the Employer and the Canadian and British Columbian tax is payable as a result of the Executive’s performance of his duties hereunder in the normal course.
Tax Compensation. 3.1 The Indemnifying Parties hereby undertake to the Purchaser that they will fully and effectively compensate the Purchaser for any loss or liability suffered by the Purchaser or the Company Group due to the tax claims against any member of the Company Group arising out of or in connection with any income, profit or gain earned, accrued or collected on or before the date of signature hereof or due to any matter occurring on or before the date of signature hereof (no matter whether such tax claims are independent or in conjunction with other circumstances, and whether such taxes are recoverable from any other company, firm or corporation), including (but not limited to) any reasonable cost and expense incurred by the Company Group.
