Common use of TAX GROSS Clause in Contracts

TAX GROSS. UP (a) All sums payable by the Mortgagor under this Deed shall be paid in full without any restriction or condition and free and clear of any Tax or other deductions or withholdings of any nature. (b) If at any time the Mortgagor or any other person is required in any jurisdiction to make any deduction or withholding in respect of Taxes or otherwise from any payment due under this Deed for the account of the Security Trustee or any other Finance Party (or if the Security Trustee is required to make any such deduction or withholding from a payment to any other Finance Party), the sum due from the Mortgagor in respect of such payment shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the Security Trustee and each other Finance Party receives on the due date for such payment (and retains, free from any liability in respect of such deduction or withholding) a net sum equal to the sum which it would have received had no such deduction or withholding been required to be made. (c) The Mortgagor's obligations under Clause 6.1(a) and (b) shall not apply in respect of any Tax on Overall Net Income levied on a Finance Party. (d) All Taxes required by law to be deducted or withheld by the Mortgagor from any amounts paid or payable under this Deed shall be paid by the Mortgagor when due (except for such amounts being disputed by the Mortgagor in good faith) to the relevant taxing authority.

Appears in 4 contracts

Samples: Deed of Mortgage of Shares (China Netcom Group CORP (Hong Kong) LTD), Deed of Mortgage of Shares (China Netcom Group CORP (Hong Kong) LTD), Deed of Mortgage of Shares (China Netcom Group CORP (Hong Kong) LTD)

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TAX GROSS. UP (a) All sums payable by the Mortgagor Chargor or any other person under this Deed shall be paid in full without any restriction or condition and free and clear of any Tax or other deductions or withholdings of any nature. (b) If at any time the Mortgagor Chargor or any other person is required in any jurisdiction to make any deduction or withholding in respect of Taxes or otherwise from any payment due under this Deed for the account of the Security Trustee or any other Finance Party (or if the Security Trustee is required to make any such deduction or withholding from a payment to any other Finance PartyParties), the sum due from the Mortgagor Chargor in respect of such payment shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the Security Trustee and each other Finance Party receives on the due date for such payment (and retains, free from any liability in respect of such deduction or withholding) a net sum equal to the sum which it would have received had no such deduction or withholding been required to be made. (c) The MortgagorChargor's obligations under Clause 6.1(a) and (b) shall not apply in respect of any Tax on Overall Net Income levied on a the Security Trustee or any other Finance Party. (d) All Taxes required by law to be deducted or withheld by the Mortgagor Chargor from any amounts paid or payable under this Deed shall be paid by the Mortgagor Chargor when due (except for such amounts being disputed by the Mortgagor Chargor in good faith) to the relevant taxing tax authority.

Appears in 2 contracts

Samples: Charge Over Accounts (China Netcom Group CORP (Hong Kong) LTD), Charge Over Accounts (China Netcom Group CORP (Hong Kong) LTD)

TAX GROSS. UP (a) All sums payable by the Mortgagor Assignor under this Deed shall be paid in full without any restriction or condition and free and clear of any Tax or other deductions or withholdings of any nature. (b) If at any time the Mortgagor Assignor or any other person is required in any jurisdiction to make any deduction or withholding in respect of Taxes or otherwise from any payment due under this Deed for the account of the Security Trustee or any other Finance Party (or if the Security Trustee is required to make any such deduction or withholding from a payment to any other Finance PartyParties), the sum due from the Mortgagor Assignor in respect of such payment shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the Security Trustee and each other Finance Party receives on the due date for such payment (and retains, free from any liability in respect of such deduction or withholding) a net sum equal to the sum which it would have received had no such deduction or withholding been required to be made. (c) The MortgagorAssignor's obligations under Clause 6.1(a5.1(a) and (b) shall not apply in respect of any Tax on Overall Net Income levied on a the Security Trustee or any other Finance Party. (d) All Taxes required by law to be deducted or withheld by the Mortgagor Assignor from any amounts paid or payable under this Deed shall be paid by the Mortgagor Assignor when due (except for such amounts being disputed by the Mortgagor Assignor in good faith) to the relevant taxing tax authority.

Appears in 2 contracts

Samples: Security Assignment (China Netcom Group CORP (Hong Kong) LTD), Security Assignment (China Netcom Group CORP (Hong Kong) LTD)

TAX GROSS. UP (a) All sums payable by the Mortgagor any Chargor or any other person under this Deed shall be paid in full without any restriction or condition and free and clear of any Tax or other deductions or withholdings of any nature. (b) If at any time the Mortgagor any Chargor or any other person is required in any jurisdiction to make any deduction or withholding in respect of Taxes or otherwise from any payment due under this Deed for the account of the Security Trustee or any other Finance Party (or if the Security Trustee is required to make any such deduction or withholding from a payment to any other Finance PartyParties), the sum due from the Mortgagor any Chargor in respect of such payment shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the Security Trustee and each other Finance Party receives on the due date for such payment (and retains, free from any liability in respect of such deduction or withholding) a net sum equal to the sum which it would have received had no such deduction or withholding been required to be made. (c) The MortgagorChargor's obligations under Clause 6.1(a13(a) and (b) shall not apply in respect of any Tax on Overall Net Income levied on a the Security Trustee or any other Finance Party. (d) All Taxes required by law to be deducted or withheld by the Mortgagor Chargor from any amounts paid or payable under this Deed shall be paid by the Mortgagor Chargor when due (except for such amounts being disputed by the Mortgagor Chargor in good faith) to the relevant taxing tax authority.

Appears in 2 contracts

Samples: Debenture (China Netcom Group CORP (Hong Kong) LTD), Debenture (China Netcom Group CORP (Hong Kong) LTD)

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TAX GROSS. UP (a) All sums payable by the Mortgagor Chargor or any other person under this Deed shall be paid in full without any restriction or condition and free and clear of any Tax [Charge Over Deposit Account] or other deductions or withholdings of any nature. (b) If at any time the Mortgagor Chargor or any other person is required in any jurisdiction to make any deduction or withholding in respect of Taxes or otherwise from any payment due under this Deed for the account of the Security Trustee or any other Finance Party (or if the Security Trustee is required to make any such deduction or withholding from a payment to any other Finance PartyParties), the sum due from the Mortgagor Chargor in respect of such payment shall be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the Security Trustee and each other Finance Party receives on the due date for such payment (and retains, free from any liability in respect of such deduction or withholding) a net sum equal to the sum which it would have received had no such deduction or withholding been required to be made. (c) The MortgagorChargor's obligations under Clause 6.1(a) and (b) shall not apply in respect of any Tax on Overall Net Income levied on a the Security Trustee or any other Finance Party. (d) All Taxes required by law to be deducted or withheld by the Mortgagor Chargor from any amounts paid or payable under this Deed shall be paid by the Mortgagor Chargor when due (except for such amounts being disputed by the Mortgagor Chargor in good faith) to the relevant taxing tax authority.

Appears in 2 contracts

Samples: Charge Over Deposit Account (China Netcom Group CORP (Hong Kong) LTD), Charge Over Deposit Account (China Netcom Group CORP (Hong Kong) LTD)

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