Compliance with Withholding. The Lender shall have the right to --------------------------- require the Borrower to pay to the Lender the amount of any taxes that are required to be withheld in connection with any repayment of a Loan, any release of Pledged Property or any sale of Pledged Property. To the extent permitted by the Committee, the Borrower may elect to have any distribution otherwise required to be made under this Agreement to be withheld to fulfill any tax withholding obligation.
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Samples: Loan and Pledge Agreement (Jostens Inc), Loan and Pledge Agreement (Jostens Inc), Loan and Pledge Agreement (Jostens Inc)
Compliance with Withholding. The Lender shall have the right to --------------------------- require the Borrower to pay to the Lender the amount of any taxes that are required to be withheld in connection with any repayment of a Loan, any release of Pledged Property or any sale of Pledged Property. To the extent permitted by the Committee, the Borrower may elect to have any distribution otherwise required to be made under this Agreement to be withheld to fulfill any tax withholding obligation.
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Samples: Loan and Pledge Agreement (Werner Holding Co Inc /Pa/), Pledge Agreement (Falcon Building Products Inc)
Compliance with Withholding. The Lender shall have the right to --------------------------- require the Borrower to pay to the Lender the amount of any taxes that are required to be withheld in connection with any repayment of a the Loan, any release of Pledged Property or any sale of Pledged Property. To the extent permitted by the CommitteeLender, the Borrower may elect to have any distribution otherwise required to be made under this Agreement to be withheld to fulfill any tax withholding obligation.
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