Withholding Gross-Up. If the Company is required by law to withhold or deduct an amount from any amount payable to the Investor: (a) the Company shall pay the amount required to be withheld or deducted to the relevant revenue or collection authority within the time allowed for such payment; and (b) the Company shall pay such additional amounts as are necessary to ensure that after making the deduction or withholding, the Investor receives the full amount required to be paid before giving effect to such deduction.
Appears in 14 contracts
Samples: Stock Purchase Agreement (Grom Social Enterprises, Inc.), Stock Purchase Agreement (ETAO International Co., Ltd.), Reserve Equity Financing Agreement (Xun Energy, Inc.)
Withholding Gross-Up. If the Company is required by law to withhold or deduct an amount from any amount payable to the Investor: :
(a) the Company shall pay the amount required to be withheld or deducted to the relevant revenue or collection authority within the time allowed for such payment; and and
(b) the Company shall pay such additional amounts as are necessary to ensure that after making the deduction or withholding, the Investor receives the full amount required to be paid before giving effect to such deduction.
Appears in 4 contracts
Samples: Convertible Security and Share Purchase Agreement (Immuron LTD), Convertible Security and Share Purchase Agreement (Immuron LTD), Convertible Security Agreement (Metal Storm LTD /Adr/)
Withholding Gross-Up. If the Company is required by law to withhold or deduct an amount from any amount payable to the Investor: Investor (whether by way of Cash Payment or the issue of Amortisation Shares or Conversion Shares):
(a) the Company shall pay the amount required to be withheld or deducted to the relevant revenue or collection authority within the time allowed for such payment; and and
(b) the Company shall pay such additional amounts as are necessary to ensure that after making the deduction or withholding, the Investor receives the full amount required to be paid before giving effect to such deduction.
Appears in 3 contracts
Samples: Convertible Securities Purchase Agreement (Engage BDR LTD), Convertible Securities Purchase Agreement (Engage BDR LTD), Convertible Securities Purchase Agreement (Engage BDR LTD)
Withholding Gross-Up. If the Company is required by law to withhold or deduct an amount from any amount payable to the Investor: Investor then:
(a) the Company shall pay the amount required to be withheld or deducted to the relevant revenue or collection authority within the time timeframe allowed for such paymentrepayment; and and
(b) the Company shall pay such additional amounts as are necessary to ensure that after making the deduction or withholding, the Investor receives the full amount required to be paid before giving effect to such deduction.
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