Common use of Documentary Taxes Clause in Contracts

Documentary Taxes. The Borrowers shall promptly pay any tax payable on or by reference to any Finance Document, and shall, on the Lender's demand, fully indemnify the Lender against any claims, expenses, liabilities and losses resulting from any failure or delay by the Borrowers to pay such a tax.

Appears in 7 contracts

Samples: Loan Agreement (EuroDry Ltd.), Loan Agreement (TBS International LTD), Loan Agreement (Mc Shipping Inc)

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Documentary Taxes. The Borrowers shall promptly pay any tax payable on or by reference to any Finance Document, and shall, on the LenderAgent's demand, fully indemnify the Lender each Creditor Party against any claims, expenses, liabilities and losses resulting from any failure or delay by the Borrowers Borrower to pay such a tax.

Appears in 1 contract

Samples: Loan Agreement (Navios Maritime Holdings Inc.)

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