Common use of Tax Compensation Clause in Contracts

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. The ‌ All 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. The All 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: