Template:GMSLA 2010 12: Difference between revisions

Template:GMSLA 2010 12 (view source)

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 {{2010 GMSLA 12.1}}
 {{2010 GMSLA 12.2}}
+{{2010 GMSLA 12.3}}
-{{gmslaprov|12.3}} Each {{gmslaprov|Party}} agrees that it will upon written demand of the other {{gmslaprov|Party}} deliver to such other {{gmslaprov|Party}} (or to any government or other {{gmslaprov|Tax}}ing authority as such other {{gmslaprov|Party}} directs), any form or document and provide such other cooperation or assistance as may (in either case) reasonably be required in order to allow such other {{gmslaprov|Party}} to make a payment under this {{gmslaprov|Agreement}} without any deduction or withholding for or on account of any {{gmslaprov|Tax}} or with such deduction or withholding at a reduced rate (so long as the completion, execution or submission of such form or document, or the provision of such cooperation or assistance, would not materially prejudice the legal or commercial position of the {{gmslaprov|Party}} in receipt of such demand).  Any such form or document shall be accurate and completed in a manner reasonably satisfactory to such other {{gmslaprov|Party}} and shall be executed and delivered with any reasonably required certification by such date as is agreed between the Parties or, failing such agreement, as soon as reasonably practicable. <br>
 '''Stamp Tax''' <br>
 {{gmslaprov|12.4}} Unless otherwise agreed, {{gmslaprov|Borrower}} hereby undertakes promptly to pay and account for any Stamp {{gmslaprov|Tax}} chargeable in connection with any transaction effected pursuant to or contemplated by this {{gmslaprov|Agreement}} (other than any Stamp {{gmslaprov|Tax}} that would not be chargeable but for {{gmslaprov|Lender}}’s failure to comply with its obligations under this {{gmslaprov|Agreement}}). <br>