Gross up: Difference between revisions
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imported>Doug Williamson (Create the page. Source: ACT CFF exam April 2015.) |
imported>Doug Williamson (Added Gross to links) |
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* [[Increased costs clause]] | * [[Increased costs clause]] | ||
* [[Withholding tax]] | * [[Withholding tax]] | ||
*[[Gross]] | |||
Revision as of 13:59, 26 June 2015
In loan documentation, a clause with the effect that if a lender suffers a cost in relation to a tax, for example withholding tax, the borrower should indemnify the lender by increasing the related payments to the lender to a grossed up amount.
