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Common use of Evidence of deductions Clause in Contracts

Evidence of deductions. If at any time the Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility Document, the Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 7 contracts

Samples: Loan Agreement (Teekay Offshore Partners L.P.), Secured Term Loan Facility Agreement (Teekay Offshore Partners L.P.), Secured Term Loan Facility (Teekay Offshore Partners L.P.)

Evidence of deductions. If at any time the a Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility Finance Document, the that Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 6 contracts

Samples: Secured Loan Agreement (Diana Shipping Inc.), Secured Loan Agreement (Poseidon Containers Holdings Corp.), Secured Loan Agreement (Baltic Trading LTD)

Evidence of deductions. If at any time the Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility DocumentFinance Document (other than the Master Agreement), the Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 4 contracts

Samples: Secured Loan Agreement (DHT Holdings, Inc.), Secured Loan Agreement (Baltic Trading LTD), Secured Loan Agreement (Baltic Trading LTD)

Evidence of deductions. If at any time the a Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility Finance Document, the that Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 3 contracts

Samples: Secured Term Loan Facility Agreement, Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.), Secured Term Loan Facility Agreement (Teekay LNG Partners L.P.)

Evidence of deductions. If at any time the Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility Finance Document, the Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent Lender an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility AgentLender, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 3 contracts

Samples: Secured Loan Agreement (Poseidon Containers Holdings Corp.), Secured Loan Agreement (DryShips Inc.), Secured Loan Agreement (Top Ships Inc.)

Evidence of deductions. If at any time the a Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility Finance Document, the that Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent Lender an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility AgentLender, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 2 contracts

Samples: Loan Agreement (Diana Shipping Inc.), Secured Loan Agreement (Danaos Corp)

Evidence of deductions. If at any time the a Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility Documentpursuant to any of the Security Documents, the that Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 2 contracts

Samples: Loan Facility Agreement (Mc Shipping Inc), Loan Facility Agreement (Mc Shipping Inc)

Evidence of deductions. If at any time the Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility Finance Document, the Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 2 contracts

Samples: Loan Agreement, Loan Agreement (Teekay Offshore Partners L.P.)

Evidence of deductions. If at any time the Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility Finance Document, the Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 2 contracts

Samples: Third Supplemental Agreement to Secured Loan Facility Agreement (Genco Shipping & Trading LTD), Secured Loan Agreement (Energy Infrastructure Merger CORP)

Evidence of deductions. If at any time the Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility Finance Document, the Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.. \P1\3549672.7

Appears in 1 contract

Samples: Loan Agreement (Teekay Shipping Corp)

Evidence of deductions. If at any time the a Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility DocumentFinance Document (other than the Master Agreement), the that Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 1 contract

Samples: Secured Loan Agreement (Diana Shipping Inc.)

Evidence of deductions. If at any time the Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility Documentpursuant to any of the Security Documents, the Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility AgentAgent acting reasonably, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 1 contract

Samples: Loan Facility Agreement (Arlington Tankers Ltd.)

Evidence of deductions. If at any time the Borrower is required by law to make any deduction or withholding from any payment to be made by it under a Facility Documentpursuant to any of the Security Documents, the Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 1 contract

Samples: Secured Loan Facility Agreement (Usg Corp)

Evidence of deductions. If at any time the Borrower Borrowers is required by law to make any deduction or withholding from any payment to be made by it under a Facility Documentpursuant to any of the Security Documents, the Borrower Borrowers will pay the amount required to be deducted or withheld to the relevant authority within the time allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Facility Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Facility Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.

Appears in 1 contract

Samples: Secured Loan Facility Agreement (Euroseas Ltd.)