Common use of TAX OBLIGATIONS AND INDEMNIFICATION Clause in Contracts

TAX OBLIGATIONS AND INDEMNIFICATION. (i) Company confirms that Custodian is authorized to deduct from any cash received or credited to the Cash Account any taxes or levies required by any revenue or governmental authority for whatever reason in respect of the Custody Account. (ii) Company agrees that if Custodian does not receive appropriate declarations, documentation and information that additional United Kingdom taxation shall be deducted from all income received in respect of the Financial Assets issued outside the United Kingdom and that any applicable United States withholding tax shall be deducted from income received from the Financial Assets. Company shall provide to Custodian such documentation and information as Custodian may require in connection with taxation, and warrant that, when given, this information shall be true and correct in every respect, not misleading in any way, and contain all material information. Company undertakes to notify Custodian immediately if any such information requires updating or amendment. (iii) Company shall be responsible for the payment of all taxes relating to the Financial Assets in the Custody Account, and Company agrees to pay, indemnify and hold Custodian and its agents harmless from and against any and all liabilities, penalties, interest or additions to tax with respect to or resulting from, any delay in, or failure by, Custodian or its agents (1) to pay, withhold or report any U.S. federal, state or local taxes or foreign taxes imposed on, or (2) to report interest, dividend or other income paid or credited to the Cash Account, whether such failure or delay by Custodian or its agents to pay, withhold or report tax or income is the result of W Company's failure to comply with the terms of this paragraph, or (y) Custodian or its agents own acts or omissions; provided however, Company shall not be liable to Custodian and its agents for any penalty or additions to tax due as a result of the failure of Custodian or its agents to pay or withhold tax or to report interest, dividend or other income paid or credited to the Cash Account solely as a result of negligent acts or omissions of Custodian or its agents.

TAX OBLIGATIONS AND INDEMNIFICATION. (i) Company confirms that Custodian is authorized to deduct from any cash received or credited to the Cash Account any taxes or levies required by any revenue or governmental authority for whatever reason in respect of the Custody Account. (ii) Company agrees that if Custodian does not receive appropriate declarations, documentation and information that additional United Kingdom taxation shall be deducted from all income received in respect of the Financial Assets issued outside the United Kingdom and that any applicable United States withholding tax shall be deducted from income received from the Financial Assets. Company shall provide to Custodian such documentation and information as Custodian may require in connection with taxation, and warrant that, when given, this information shall be true and correct in every respect, not misleading in any way, and contain all material information. Company undertakes to notify Custodian immediately if any such information requires updating or amendment. (iii) Company shall be responsible for the payment of all taxes relating to the Financial Assets in the Custody Account, and Company agrees to pay, indemnify and hold Custodian and its agents harmless from and against any and all liabilities, penalties, interest or additions to tax with respect to or resulting from, any delay in, or failure by, Custodian or its agents (1) to pay, withhold or report any U.S. federal, state or local taxes or foreign taxes imposed on, or (2) to report interest, dividend or other income paid or credited to the Cash Account, whether such failure or delay by Custodian or its agents to pay, withhold or report tax or income is the result of W (x) Company's failure to comply with the terms of this paragraph, or (y) Custodian or its agents own acts or omissions; provided however, Company shall not be liable to Custodian and its agents for any penalty or additions to tax due as a result of the failure of Custodian or its agents to pay or withhold tax or to report interest, dividend or other income paid or credited to the Cash Account solely as a result of negligent acts or omissions of Custodian or its agents.

TAX OBLIGATIONS AND INDEMNIFICATION. (i) Company confirms that Custodian is authorized to deduct from any cash received or credited to the Cash Account any taxes or levies required by any revenue or governmental authority for whatever reason in respect of the Custody Account. (ii) Company agrees that if Custodian does not receive appropriate declarations, documentation and information that additional United Kingdom taxation shall be deducted from all income received in respect of the Financial Assets issued outside the United Kingdom and that any applicable United States withholding tax shall be deducted from income received from the Financial Assets. Company shall provide to Custodian such documentation and information as Custodian may reasonably require in connection with taxation, and warrant that, when given, this information shall be true and correct in every respect, not misleading in any way, and contain all material information. Company undertakes to notify Custodian immediately if any such information requires updating or amendment. (iii) Company shall be responsible for the payment of all taxes relating to the Financial Assets in the Custody Account, and Company agrees to pay, indemnify and hold Custodian and its agents harmless from and against any and all liabilities, penalties, interest or additions to tax with respect to or resulting from, any delay in, or failure by, Custodian or its agents (1) to pay, withhold or report any U.S. federal, state or local taxes or foreign taxes imposed on, or (2) to report interest, dividend or other income paid or credited to the Cash Account, whether such failure or delay by Custodian or its agents to pay, withhold or report tax or income is the result of W (x) Company's ’s failure to comply with the terms of this paragraph, or (y) Custodian or its agents own acts or omissions; provided however, Company shall not be liable to Custodian and its agents for for, and Custodian shall be liable for, any penalty or additions to tax due as a result of the failure of Custodian or its agents to pay or withhold tax or to report interest, dividend or other income paid or credited to the Cash Account solely as a result of negligent acts or omissions of Custodian or its agents.

TAX OBLIGATIONS AND INDEMNIFICATION. (i) Company confirms that Custodian is authorized to deduct from any cash received or credited to the Cash Account any taxes or levies required by any revenue or governmental authority for whatever reason in respect of the Custody Account. (ii) Company agrees that if Custodian does not receive appropriate declarations, documentation and information that additional United Kingdom taxation shall be deducted from all income received in respect of the Financial Assets issued outside the United Kingdom and that any applicable United States withholding tax shall be deducted from income received from the Financial Assets. Company shall provide to Custodian such documentation and information as Custodian may reasonably require in connection with taxation, and warrant that, when given, this information shall be true and correct in every respect, not misleading in any way, and contain all material information. Company undertakes to notify Custodian immediately if any such information requires updating or amendment. (iii) Company shall be responsible for the payment of all taxes relating to the Financial Assets in the Custody Account, and Company agrees to pay, indemnify and hold Custodian and its agents harmless from and against any and all liabilities, penalties, interest or additions to tax with respect to or resulting from, any delay in, or failure by, Custodian or its agents (1) to pay, withhold or report any U.S. federal, state or local taxes or foreign taxes imposed on, or (2) to report interest, dividend or other income paid or credited to the Cash Account, whether such failure or delay by Custodian or its agents to pay, withhold or report tax or income is the result of W (x) Company's failure to comply with the terms of this paragraph, or (y) Custodian or its agents own acts or omissions; provided however, Company shall not be liable to Custodian and its agents for for, and Custodian shall be liable for, any penalty or additions to tax due as a result of the failure of Custodian or its agents to pay or withhold tax or to report interest, dividend or other income paid or credited to the Cash Account solely as a result of negligent acts or omissions of Custodian or its agents.