Taxation and Withholding. All payments of principal and/or interest made by the Issuer or, if the Guarantee is called, the Guarantor in respect of the Notes of this Series will be made without withholding or deduction for or on account of any present or future tax, duty or charge of whatsoever nature imposed or levied by or on behalf of Hong Kong [or the Cayman Islands]2 or any authority having power to levy tax in Hong Kong [or the Cayman Islands]3, unless such withholding or deduction is required by law. In that event, the Issuer or, as the case may be, the Guarantor shall pay such additional amounts as will result (after such withholding or deduction) in the receipt by the holders of the Notes of this Series or the Coupons appertaining thereto of the sums which would have been receivable (in the absence of such withholding or deduction) from it in respect of the Notes of this Series or the Coupons appertaining thereto, except that no such additional amounts shall be payable with respect to any Note of this Series or any Coupon appertaining thereto: (a) presented for payment by or on behalf of a holder of such a Note who is liable to such tax, duty or charge in respect of such Note or Coupon by reason of having some connection with Hong Kong [or the Cayman Islands]4 other than the mere holding of such Note or the receipt of principal or interest in respect thereof; or (b) presented for payment more than 30 days after the due date therefor except to the extent that the holder of such a Note would have been entitled to such additional amounts on presenting the same for payment on the expiry of such period of 30 days; or (c) presented for payment for or on behalf of a holder of such a Note who is able to avoid such withholding or deduction by making a declaration of non-residence or other similar claim for exemption and does not make such declaration or claim. 2 Delete if MTR Corporation Limited is the Issuer. 3 Delete if MTR Corporation Limited is the Issuer. 4 Delete if MTR Corporation Limited is the Issuer.
Appears in 9 contracts
Samples: Announcement, Announcement, Announcement
Taxation and Withholding. All payments of principal and/or interest made by the Issuer or, if the Guarantee is called, the Guarantor in respect of the Notes of this Series will be made without withholding or deduction for or on account of any present or future tax, duty or charge of whatsoever nature imposed or levied by or on behalf of Hong Kong [or the Cayman Islands]2 or any authority having power to levy tax in Hong Kong [or the Cayman Islands]3, unless such withholding or deduction is required by law. In that event, the Issuer or, as the case may be, the Guarantor shall pay such additional amounts as will result (after such withholding or deduction) in the receipt by the holders of the Notes of this Series or the Coupons appertaining thereto of the sums which would have been receivable (in the absence of such withholding or deduction) from it in respect of the Notes of this Series or the Coupons appertaining thereto, except that no such additional amounts shall be payable with respect to any Note of this Series or any Coupon appertaining thereto:
(a) presented for payment by or on behalf of a holder of such a Note who is liable to such tax, duty or charge in respect of such Note or Coupon by reason of having some connection with Hong Kong [or the Cayman Islands]4 other than the mere holding of such Note or the receipt of principal or interest in respect thereof; oror 2 Delete if MTR Corporation Limited is the Issuer. 3 Delete if MTR Corporation Limited is the Issuer. 4 Delete if MTR Corporation Limited is the Issuer.
(b) presented for payment more than 30 days after the due date therefor except to the extent that the holder of such a Note would have been entitled to such additional amounts on presenting the same for payment on the expiry of such period of 30 days; or
(c) presented for payment for or on behalf of a holder of such a Note who is able to avoid such withholding or deduction by making a declaration of non-residence or other similar claim for exemption and does not make such declaration or claim. 2 Delete if MTR Corporation Limited is the Issuer. 3 Delete if MTR Corporation Limited is the Issuer. 4 Delete if MTR Corporation Limited is the Issuer.
Appears in 5 contracts
Samples: Securities Offering Disclaimer, Securities Offering Disclaimer, Securities Offering Disclaimer
Taxation and Withholding. All payments of principal and/or interest made by the Issuer or, if the Guarantee is called, the Guarantor in respect of the Notes of this Series will be made without withholding or deduction for or on account of any present or future tax, duty or charge of whatsoever nature imposed or levied by or on behalf of Hong Kong [or the Cayman Islands]2 or any authority having power to levy tax in Hong Kong [or the Cayman Islands]3, unless such withholding or deduction is required by law. In that event, the Issuer or, as the case may be, the Guarantor shall pay such additional amounts as will result (after such withholding or deduction) in the receipt by the holders of the Notes of this Series or the Coupons appertaining thereto of the sums which would have been receivable (in the absence of such withholding or deduction) from it in respect of the Notes of this Series or the Coupons appertaining thereto, except that no such additional amounts shall be payable with respect to any Note of this Series or any Coupon appertaining thereto:
(a) presented for payment by or on behalf of a holder of such a Note who is liable to such tax, duty or charge in respect of such Note or Coupon by reason of having some connection with Hong Kong [or the Cayman Islands]4 other than the mere holding of such Note or the receipt of principal or interest in respect thereof; or
(b) presented for payment more than 30 days after the due date therefor except to the extent that the holder of such a Note would have been entitled to such additional amounts on presenting the same for payment on the expiry of such period of 30 days; or
(c) presented for payment for or on behalf of a holder of such a Note who is able to avoid such withholding or deduction by making a declaration of non-residence or other similar claim for exemption and does not make such declaration or claim. 2 Delete if MTR Corporation Limited is the Issuer. 3 Delete if MTR Corporation Limited is the Issuer. 4 Delete if MTR Corporation Limited is the Issuer.
Appears in 4 contracts
Samples: Announcement, Announcement, Announcement
Taxation and Withholding. All payments of principal and/or interest made by the Issuer or, if the Guarantee is called, the Guarantor in respect of the Notes of this Series will be made without withholding or deduction for or on account of any present or future tax, duty or charge of whatsoever nature imposed or levied by or on behalf of Hong Kong [or the Cayman Islands]2 or any authority having power to levy tax in Hong Kong [or the Cayman Islands]3, unless such withholding or deduction is required by law. In that event, the Issuer or, as the case may be, the Guarantor shall pay such additional amounts as will result (after such withholding or deduction) in the receipt by the holders of the Notes of this Series or the Coupons appertaining thereto of the sums which would have been receivable (in the absence of such withholding 2 Delete if MTR Corporation Limited is the Issuer. 3 Delete if MTR Corporation Limited is the Issuer. or deduction) from it in respect of the Notes of this Series or the Coupons appertaining thereto, except that no such additional amounts shall be payable with respect to any Note of this Series or any Coupon appertaining thereto:
(a) presented for payment by or on behalf of a holder of such a Note who is liable to such tax, duty or charge in respect of such Note or Coupon by reason of having some connection with Hong Kong [or the Cayman Islands]4 other than the mere holding of such Note or the receipt of principal or interest in respect thereof; or
(b) presented for payment more than 30 days after the due date therefor except to the extent that the holder of such a Note would have been entitled to such additional amounts on presenting the same for payment on the expiry of such period of 30 days; or
(c) presented for payment for or on behalf of a holder of such a Note who is able to avoid such withholding or deduction by making a declaration of non-residence or other similar claim for exemption and does not make such declaration or claim. 2 Delete if MTR Corporation Limited is the Issuer. 3 Delete if MTR Corporation Limited is the Issuer. 4 Delete if MTR Corporation Limited is the Issuer.
Appears in 3 contracts
Samples: Securities Offering Disclaimer, Securities Offering Disclaimer, Securities Offering Disclaimer