Finance Deals & Syndicated Lending · glossary
Tax the borrower must deduct from an interest payment. The gross-up makes the borrower pay more, so the lender still receives the full amount. A lender that was never entitled to be paid without the deduction gets no gross-up. Clause 11.2 · Chapter 5
Explained in Chapter 5, Anatomy of a Facility Agreement, of Finance Deals & Syndicated Lending.
A withholding tax is tax that the payer must deduct from a payment and pay to the tax authority. If one applies to interest, the lender receives less.Read Chapter 5, Anatomy of a Facility Agreement →
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