Taxes on Interest. (1) Except as provided in section 5.3(2), all taxes payable on any interest which accrues in relation to the Settlement Amount, shall be the Class’ responsibility and shall be paid by Class Counsel, or the Administrator, as appropriate, from the Escrow Settlement Amount, or by the Class as the Administrator considers appropriate.
Taxes on Interest. (1) Except as expressly provided herein, all interest earned on the Settlement Amount shall accrue to the benefit of the Class and shall become and remain part of the Escrow Settlement Funds in the Escrow Account.
Taxes on Interest. 4.6 Except as expressly provided for in this Agreement, any interest earned on the Settlement Amount shall accrue to the benefit of the Class and shall become and remain part of the Escrow Account.
Taxes on Interest. (1) Except as hereinafter provided, all interest earned on the monies in the Escrow Account shall accrue to the benefit of the Class and shall become and remain part of the Escrow Account.
Taxes on Interest. (1) Subject to section 4.7(3), all taxes payable on any interest which accrues in the Account or otherwise in relation to the Settlement Amount, including any interest that accrued in Merck KGaA’s solicitors’ trust account on amounts held in respect of its proportion of the Settlement Amount, shall be the responsibility of the Settlement Classes and shall be paid by the Escrow Agent or the Administrator from the Settlement Amount or by the Settlement Class Members as the Administrator shall deem appropriate.
Taxes on Interest
