Common use of Withholdings and Deductions Clause in Contracts

Withholdings and Deductions. All fees payable to the Trustee by the Issuer shall be made without any deduction or withholding for Tax unless any such deduction is required by applicable law, as modified by the practice of any governmental revenue authority, then in effect. If any such deduction or withholding is required, then, subject to Clause 21, the fees payable to the Trustee by the Issuer shall be grossed up so that the amount of fees actually received by the Trustee is the same amount as it would have been entitled to receive had no withholding or deduction been required on such payment.