Example ContractsClausesu.k. tax gross upVariants
U.K. Tax Gross-Up
U.K. Tax Gross-Up contract clause examples

“U.K. Treaty Lender” means a Lender that, subject to the completion of procedural formalities, is eligible to receive payments of interest hereunder without a deduction for U.K. Withholding Tax on the basis of an applicable income tax treaty between the U.K. and the jurisdiction in which such Lender is resident for tax purposes.

UK Treaty Lender” means a Lender which # is treated as a resident of a Treaty State for the purposes of the relevant Treaty, # does not carry on a business in the United Kingdom through a permanent establishment with which that Lender’s participation in the Loan is effectively connected, and # meets all other conditions in the relevant Treaty for full exemption from tax imposed by the United Kingdom on interest, except that for this purpose it shall be assumed that there is no special relationship between the Borrower and the Lender or between both of them and another person and that the following are satisfied: # any condition which relates (expressly or by implication) to the amounts or terms of any Loan or terms of the Loan Documents and # any necessary procedural formalities.

“U.K. Treaty Lender” means a Lender which: # is treated as a resident of a U.K. Treaty State for the purposes of the relevant U.K. Treaty; # does not carry on a business in the [[Address B:Address]] through a permanent establishment with which that Lender’s participation in any advance is effectively connected; and # fulfils any other conditions which must be fulfilled under the relevant U.K. Treaty by residents of that U.K. Treaty State (subject to the completion of any necessary procedural or filing requirements) for such residents to obtain full exemption from [[Address B:Address]] taxation on interest payable to that Lender in respect of an advance under a Loan Document.

"UK Treaty Lender" means a Lender which is entitled under a double taxation agreement with the United Kingdom to claim a reduction in United Kingdom withholding tax.

UK Treaty Lender” means, in respect of an advance to Jacobs UK, a Lender which # is treated as a resident of a UK Treaty State for the purposes of the relevant UK Treaty; # does not carry on a business in the United Kingdom through a permanent establishment with which that Lender’s participation in the Loan or Letter of Credit is effectively connected; and # meets all other conditions in the UK Tax Treaty for full exemption from UK taxation on interest which relate to the Lender so that the Lender is entitled to receive interest under this Agreement without a UK Tax Deduction pursuant to that UK Tax Treaty, subject to the completion of any necessary procedural formalities.

“U.K. Treaty Lender” means a Lender that # is treated as a resident of a U.K. Treaty State for the purposes of a U.K. Treaty and # does not carry on a business in the United Kingdom through a permanent establishment with which such Lender’s participation is effectively connected.

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