Common use of Deduction of Tax Clause in Contracts

Deduction of Tax. No Security Party is required under the law of its jurisdiction of incorporation to make any deduction for or on account of Tax from any payment it may make under any Finance Document.

Appears in 21 contracts

Samples: Secured Loan Agreement (DHT Holdings, Inc.), Third Supplemental Agreement to Secured Loan Facility Agreement (Genco Shipping & Trading LTD), Secured Loan Agreement (Diana Shipping Inc.)

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Deduction of Tax. No None of the Security Party Parties is required under the law of its jurisdiction of incorporation to make any deduction for or on account of Tax from any payment it may make under any Finance DocumentDocument to a Lender.

Appears in 9 contracts

Samples: Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC), Fourth Supplemental Agreement to Secured Loan Agreement (TORM PLC)

Deduction of Tax. No None of the Security Party Parties is required under the law of its jurisdiction of incorporation to make any deduction for or on account of Tax from any payment it may make under any Finance Document.

Appears in 2 contracts

Samples: Secured Term Loan Facility (DHT Holdings, Inc.), Secured Loan Agreement (DHT Holdings, Inc.)

Deduction of Tax. No Security Party is required under the law of its jurisdiction of incorporation to make any deduction for or on account of Tax from any payment it may make under any Finance Creditor Document.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

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Deduction of Tax. No Security Party is required under the law of its jurisdiction of incorporation formation to make any deduction for or on account of Tax from any payment it may make under any Finance Document.

Appears in 1 contract

Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.)

Deduction of Tax. No Security Party is required under the law of its jurisdiction of formation and/or incorporation to make any deduction for or on account of Tax from any payment it may make under any Finance Relevant Document.

Appears in 1 contract

Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.)

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