Common use of Xx pay taxes etc Clause in Contracts

Xx pay taxes etc. In the event of any taxes duties or imposts becoming legally payable by the Trustees in any part of the world in respect of the capital of the Share or any part thereof to pay all or any part of such taxes duties or imposts out of the capital of the Share notwithstanding that such taxes duties or imposts or some part thereof are not or may not be recoverable by legal process and that the payment of such taxes duties or imposts may be prejudicial to the person absolutely entitled thereto

Xx pay taxes etc. In the event of any taxes duties or imposts becoming legally payable by the Trustees in any part of the world in respect of the capital of the Share Trust Fund or any part thereof to pay all or any part of such taxes duties or imposts out of the capital of the Share Trust Fund notwithstanding that such taxes duties or imposts or some part thereof are not or may not be recoverable by legal process and that the payment of such taxes duties or imposts may be prejudicial to one or more of the person absolutely entitled theretoBeneficiaries