UK Tax Deduction definition

UK Tax Deduction means a deduction or withholding for, or on account of, Tax imposed by the United Kingdom from a payment under a Loan Document, other than a FATCA Deduction.

UK Tax Deduction means a deduction or withholding for or on account of U.K. Taxes from a payment under a Loan Document (other than any deduction or withholding from a payment under a Loan Document required by FATCA).

UK Tax Deduction has the meaning assigned to such term in the definition of “Excluded Taxes”.

Examples of UK Tax Deduction in a sentence

• Customs has given the UK Borrower authority to make payments to that Lender without a UK Tax Deduction but such authority has subsequently been revoked or expired, and in each case, such UK Borrower has notified that Lender in writing of either (1),(2) or (3) above, then such Lender and such UK Borrower shall co-operate in completing any additional procedural formalities necessary for such UK Borrower to obtain authorization to make that payment without UK Tax Deduction.

• This Section 5.8.3 shall not apply to a UK Tax Deduction which would have been compensated for under Section 5.8.1 or Section 5.8.5, but was not so compensated solely because one of the exclusions in Section 5.8.2 or Section 5.8.5 applied.

• This Section 2.17(f)(i) shall not apply to any Lender in respect of any advance made under any Loan Document to a UK Borrower in circumstances where the applicable withholding Tax referred to in this Section 2.17(f)(i) is a UK Tax Deduction.

• Similarly, a Lender shall notify the Borrower and the Administrative Agent within fifteen (15) days of becoming so aware of a UK Tax Deduction being required in respect of a payment payable to that Lender.

• Subject to Section 3.01(g)(vi) below, a U.K. Treaty Lender and each Borrower which makes a payment to which that U.K. Treaty Lender is beneficially entitled shall cooperate in completing any procedural formalities necessary for such Borrower to obtain authorization to make that payment without a U.K. Tax Deduction.

More Definitions of UK Tax Deduction

UK Tax Deduction has the meaning set forth in Section 2.6(a).

UK Tax Deduction means a deduction or withholding for or on account of UK Tax from a payment under a Loan Document.

UK Tax Deduction has the meaning set forth in Section 8.04(b)(iv).

UK Tax Deduction has the meaning given to such term in Section 3.02A.

UK Tax Deduction means a deduction or withholding for or on account of UK Taxes from a payment under a Credit Document (other than any deduction or withholding from a payment under a Credit Document required by FATCA).

UK Tax Deduction has the meaning assigned to that term in paragraph (f) of the definition of Excluded Taxes in Section 1.1.

UK Tax Deduction has the meaning set forth in the definition of “Excluded Taxes.”