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

If a U.K. Loan Party is required to make a Tax Deduction, that U.K. Loan Party shall make that Tax Deduction and any payment required in connection with that Tax Deduction within the time allowed and in the minimum amount required by law.

If a Tax Deduction is required by law to be made by or on account of any U.K. Loan Party, the amount of the payment due from that U.K. Loan Party shall be increased to an amount which (after making any Tax Deduction) leaves an amount equal to the payment which would have been due if no Tax Deduction had been required.

If a UK Tax Deduction is required by law to be made by or on account of any obligation of a Loan Party, the amount of the payment due from that Loan Party shall be increased to an amount which (after making any UK Tax Deduction) leaves an amount equal to the payment which would have been due if no UK Tax Deduction had been required.

Each Loan Party shall make all payments to be made by it without a UK Tax Deduction unless a UK Tax Deduction is required by law.

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