Common use of Withholding Tax or Other Similar Taxes Clause in Contracts

Withholding Tax or Other Similar Taxes. If any withholding or deduction from any payment under this Agreement by Xxxxx Xxxxxx in relation to any Service is required in respect of any Taxes pursuant to any applicable Law, Xxxxx Xxxxxx will: (i) increase the amount payable such that GE Digital receives an amount equal to the amount of the Charges in respect of that Service as if no such withholding or deduction had been made (including any withholding or deduction applicable to any increased payment made pursuant to this clause (i)), (ii) make any such required withholding or deduction from the amount payable to GE Digital, (iii) timely pay the withheld or deducted amount referred to in clause (ii) to the relevant Governmental Authority in accordance with applicable Law; and (iv) promptly forward to GE Digital a withholding tax certificate evidencing such payment by Xxxxx Xxxxxx to the Governmental Authority.

Appears in 4 contracts

Samples: Master Products and Services Agreement, Master Products and Services Agreement (BAKER HUGHES a GE Co LLC), Master Products and Services Agreement (Baker Hughes a GE Co)

AutoNDA by SimpleDocs
Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!