Common use of Withholding Tax Clause in Contracts

Withholding Tax. Without prejudice to Clause 12 (Tax Gross Up and Indemnities), to the extent the Borrower is required by law to make any withholding for or on account of Tax from such amount of interest due from the Borrower under Clause 8.2 (Payment of interest) and Clause 8.3 (Default interest), each such amount shall be increased to an amount which (after making the withholding) leaves an amount equal to the interest which would have been due if no such withholding had been required.

Withholding Tax. Without prejudice to Clause 12 (Tax Gross Up and Indemnities), to the extent the Borrower is required by law to make any withholding for or on account of Tax from such amount of interest due from the Borrower under Clause 8.2 (Payment of interest) and Clause 8.3 (Default interest), each such amount shall be increased to an amount which (after making the withholding) leaves an amount equal to the interest which would have been due if no such withholding had been required.8.2