Home > Terms > English, UK (UE) > Indemnifiable tax

Indemnifiable tax

If such Tax is an Indemnifiable Tax, X will pay to Y, in addition to the payment to which Y is entitled under this Agreement, such additional amount as is necessary to ensure that the net amount actually received by Y (free and clear of Indemnifiable Taxes, whether assessed against X or Y) will equal the full amount Y would have received had no such deduction or withholding been required.

This is auto-generated content. You can help to improve it.
0
  • Part of Speech: noun
  • Synonym(s):
  • Blossary:
  • Industry/Domain: Banking
  • Category: Mortgage
  • Company:
  • Product:
  • Acronym-Abbreviation:
Collect to Blossary

Member comments

You have to log in to post to discussions.

Terms in the News

Featured Terms

Harry8L
  • 0

    Terms

  • 0

    Blossaries

  • 1

    Followers

Industry/Domain: Games Category: Computer games

World of Warcraft

World of Warcraft, or WoW, is a large multiplayer online role-playing game by Blizzard Entertainment. It is the fourth episode in the fantasy Warcraft ...

Contributor

Featured blossaries

The Ultimate Internet Blossary

Category: Technology   5 11 Terms

10 Richest Stand Up Comedians

Category: Entertainment   2 10 Terms