Common use of Tax Relief Clause in Contracts

Tax Relief. In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); provided the Client provides to the Custodian such documentation and information as to it or its underlying beneficial owner clients as is necessary to secure such tax relief. However, in no event shall the Custodian be responsible, or liable, for any Taxes resulting from the inability to secure tax relief, or for the failure of any Client or beneficial owner to obtain the benefit of credits, on the basis of foreign taxes withheld, against any income tax liability.

Appears in 27 contracts

Samples: Custodial Services Agreement (SLR Private Credit BDC II LLC), Custodial Services Agreement (SLR Hc BDC LLC), Custody Agreement

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Tax Relief. In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment payment, claims for exemption from taxation or retrospective tax reclaims in certain markets as agreed from time to time); provided the Client provides to the Custodian such documentation and information as to it or its underlying beneficial owner clients as is necessary to secure such tax relief. However, in no event shall the Custodian be responsible, or liable, for any Taxes resulting from the inability to secure tax relief, or for the failure of any Client or beneficial owner to obtain the benefit of credits, on the basis of foreign taxes withheld, against any income tax liability.

Appears in 11 contracts

Samples: Custodial Services Agreement (John Hancock Bond Trust), Custodial Services Agreement (John Hancock Funds II), Master Global Custodial Services Agreement (John Hancock Bond Trust)

Tax Relief. In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian shall will apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); provided provided, the Client provides to the Custodian such documentation and information as relating to it or its underlying beneficial owner clients customers as is necessary to secure such tax relief. However, in no event shall will the Custodian be responsible, responsible or liable, liable for any Taxes resulting from the inability to secure tax relief, or for the failure of any Client or beneficial owner to obtain the benefit of credits, on the basis of foreign taxes withheld, against any income tax liability.”

Appears in 3 contracts

Samples: Custodial Services Election Agreement (SLR Private Credit BDC II LLC), Custodial Services Election Agreement (SLR Hc BDC LLC), Custodial Services Election Agreement (SCP Private Credit Income BDC LLC)

Tax Relief. In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); provided the Client provides to the Custodian such documentation and information as to it or its underlying beneficial owner clients as is necessary to secure such tax relief. However, in no event shall the Custodian be responsible, or liable, for any Taxes resulting from the inability to secure tax relief, or for the failure of any Client or beneficial owner the Fund to obtain the benefit of credits, on the basis of foreign taxes withheld, against any income tax liability.

Appears in 2 contracts

Samples: Global Custodial Services Agreement (Forum Funds), Global Custodial Services Agreement (Forum Funds)

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Tax Relief. In Unless instructed otherwise by the event the Client requests that Client, the Custodian shall provide tax relief services and the Custodian agrees to provide such services, the . The Custodian shall apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); provided the Client provides to the Custodian such documentation and information as to it or its underlying beneficial owner clients as is necessary to secure such tax relief. However, in no event shall the Custodian be responsible, or liable, for any Taxes resulting from the inability to secure tax relief, or for the failure of any Client or beneficial owner to obtain the benefit of credits, on the basis of foreign taxes withheld, against any income tax liability.

Appears in 2 contracts

Samples: Custodial Services Agreement (Forward Funds), Custodial Services Agreement (Forward Funds)

Tax Relief. In the event the Client requests that the Custodian provide tax relief services and the Custodian agrees to provide such services, the Custodian shall will apply for appropriate tax relief (either by way of reduced tax rates at the time of an income payment or retrospective tax reclaims in certain markets as agreed from time to time); provided the Client provides to the Custodian such documentation and information as to it or its underlying beneficial owner clients as is necessary to secure such tax relief. However, in no event shall will the Custodian be responsible, or liable, for any Taxes resulting from the inability to secure tax relief, or for the failure of any Client or beneficial owner to obtain the benefit of credits, on the basis of foreign taxes withheld, against any income tax liability.

Appears in 1 contract

Samples: Custodial Services Agreement (Dfa Investment Trust Co)

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