Common use of Withholding or Deduction Clause in Contracts

Withholding or Deduction. If GTJAF is required pursuant to AEOI or otherwise by law to withhold or deduct any AEOI withholding taxes (including any penalties or interest payable in connection with any failure to pay or any delay in paying any such taxes) on any payments to the Client, GTJAF may deduct such taxes and GTJAF will not be required to increase any payment in respect of which GTJAF makes such withholding. The Client shall be treated for all purposes of this Agreement as if the Client had received the full amount of the payment, without any deduction or withholding. The Client shall provide GTJAF such additional documentation reasonably requested by GTJAF to determine the amount to deduct and withhold from such payment.

Withholding or Deduction. If GTJAF GTJAS is required pursuant to AEOI or otherwise by law to withhold or deduct any AEOI withholding taxes (including any penalties or interest payable in connection with any failure to pay or any delay in paying any such taxes) on any payments to the Client, GTJAF GTJAS may deduct such taxes and GTJAF GTJAS will not be required to increase any payment in respect of which GTJAF GTJAS makes such withholding. The Client shall be treated for all purposes of this Agreement as if the Client had received the full amount of the payment, without any deduction or withholding. The Client shall provide GTJAF GTJAS such additional documentation reasonably requested by GTJAF GTJAS to determine the amount to deduct and withhold from such payment.