With Slaughter and May`s ACT guidelines for the ACT being developed, the updated September 2017 guide is also available This form contains certain provisions of a New York credit agreement (for example. B taxes, income protection, agency, assignment, defaulting lender and disqualified establishment provisions, etc.) and is primarily suitable for leveraged financing operations. You should also ask yourself if the procedure is the subject of the tax credit clause normally found in a credit agreement, and who is an agent? There is no exhaustive list of relationships that establish the existence of fiduciary duties under the Common Law. It would prevent, for example, the borrower from deducting from the borrower an amount owed by the lender. The exception to the prohibition is that a legal deduction can be deducted from a payment. Since withholding tax on interest is normally the only type of withholding tax prescribed by law for payments made under a loan, the only withholding tax allowed in connection with a loan is probably the withholding tax, with the prohibition applying to any other type of withholding tax that is not required by law. . . .