Common use of TAX GROSS Clause in Contracts

TAX GROSS. up All payments to be made by the Borrower to any person under any of the Finance Documents shall be made free and clear of and without deduction for or on account of tax unless the Borrower is required to make such a payment subject to the deduction or withholding of tax, in which case the sum payable by the Borrower in respect of which such deduction or withholding is required to be made shall be increased to the extent necessary to ensure that, after the making of the required deduction or withholding, such person receives and retains (free from any liability in respect of any such deduction or withholding) a net sum equal to the sum which it would have received and so retained had no such deduction or withholding been made or required to be made.

TAX GROSS. up All payments to be made by either of the Borrower Obligors to any person under any of Bank or the Finance Documents Agent on its behalf hereunder shall be made free and clear of and without deduction for or on account of tax unless the Borrower such Obligor is required to make such a payment subject to the deduction or withholding of tax, in which case the sum payable by the Borrower such Obligor in respect of which such deduction or withholding is required to be made shall be increased to the extent necessary to ensure that, after the making of the required deduction or withholding, such person Bank or the Agent on its behalf receives and retains (free from any liability in respect of any such deduction or withholding) a net sum equal to the sum which it would have received and so retained had no such deduction or withholding been made or required to be made.

TAX GROSS. up Up All payments to be made by the Borrower any Obligor to any person under any of the Finance Documents hereunder shall be made free and clear of and without deduction for or on account of tax unless the Borrower such Obligor is required to make such a payment subject to the deduction or withholding of tax, in which case the sum payable by the Borrower such Obligor in respect of which such deduction or withholding is required to be made shall be increased to the extent necessary to ensure that, after the making of the required deduction or withholding, such person receives and retains (free from any liability in respect of any such deduction or withholding) a net sum equal to the sum which it would have received and so retained had no such deduction or withholding been made or required to be made.

TAX GROSS. up All payments to be made by the Borrower an Obligor to any person under any of the Finance Documents hereunder shall be made free and clear of and without deduction for or on account of tax unless the Borrower such Obligor is required to make such a payment subject to the deduction or withholding of tax, in which case the sum payable by the Borrower such Obligor (in respect of which such deduction or withholding is required to be made made) shall be increased to the extent necessary to ensure that, that after the making of the required deduction or withholding, such person receives and retains (free from any liability in respect of any such deduction or withholding) a sum net sum equal to the sum which it would have received and so retained had no such deduction or withholding been made or required to be made.