Common use of WITHHOLDING TAX AND GROSSING UP Clause in Contracts

WITHHOLDING TAX AND GROSSING UP. 15.1 Telewest UK shall pay all sums payable by it under clauses 9 and 10 free and clear of all deductions or withholdings for or on account of tax unless the deduction or withholding is required by law. If a deduction or withholding is so required, Telewest UK shall pay such additional amount as will ensure that the net amount received by the payee equals the full amount which would have been received by it had no such deduction or withholding been required.

WITHHOLDING TAX AND GROSSING UP. 15.1 Telewest UK shall pay all sums payable by it under clauses 9 10 and 10 11 free and clear of all deductions or withholdings for or on account of tax unless the deduction or withholding is required by law. If a deduction or withholding is so required, Telewest UK shall pay such additional amount as will ensure that the net amount received by the payee equals the full amount which would have been received by it had no such deduction or withholding been required.