Debt Capital Markets · glossary
A promise to pay extra if tax is withheld from a payment, so each holder still receives the full sum. Condition 7.1 covers only taxes of the Netherlands. It puts the risk of a change in Dutch tax law on Valkenrade, and the tax call is its way out. Condition 7.1 · Chapter 3 · see Tax call
Explained in Chapter 3, The Terms and Conditions: Status, Interest, Payments and Tax, of Debt Capital Markets.
Also explained in Derivatives.
This is a gross-up. If tax is withheld, Valkenrade pays extra, so each holder still receives the full sum. It covers only taxes of Valkenrade’s own country.Read Chapter 3, The Terms and Conditions: Status, Interest, Payments and Tax →
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This term is part of one complete fictional deal, with every document attached and a test after every chapter. Open Debt Capital Markets → · All terms A–Z →