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 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 Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.
Appears in 10 contracts
Samples: Secured Term Loan Facility Agreement (Teekay Tankers Ltd.), Senior Secured Revolving Credit Facility Agreement, Loan Agreement
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 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 Agent Lender an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the AgentLender, evidencing the payment to that authority of all amounts required to be deducted or withheld.
Appears in 7 contracts
Samples: Secured Loan Agreement (Paragon Shipping Inc.), Credit Facility Agreement (Safe Bulkers, Inc.), Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, Inc.)
Evidence of. deductions If at any time the Borrower is Borrowers are required by law to make any deduction or withholding from any payment to be made by it under a Finance Document, 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 Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.
Appears in 3 contracts
Samples: Facility Agreement (Teekay Corp), Facility Agreement (Teekay Tankers Ltd.), Facility Agreement (Teekay Corp)
Evidence of. deductions If at any time the Borrower is Borrowers are required by law to make any deduction or withholding from any payment to be made by it them under a Finance Document, 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 Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.
Appears in 3 contracts
Samples: Secured Credit Facility (Teekay Offshore Partners L.P.), Secured Facility Agreement (Teekay LNG Partners L.P.), Secured 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 Finance 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 Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.
Appears in 2 contracts
Samples: Loan Facility Agreement (Usg Corp), Secured Loan Facility Agreement (Euroseas 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 Finance DocumentDocument (other than the Master Agreements), 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 Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.
Appears in 2 contracts
Samples: Secured Loan Agreement (Teekay LNG Partners L.P.), Secured Loan 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 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 Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.
Appears in 1 contract
Samples: Secured Loan Agreement (Poseidon Containers Holdings 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 Finance Document, the Borrower will pay the amount required to be deducted or withheld to the relevant authority within the time times allowed under the applicable law and will, no later than thirty (30) days after making that payment, deliver to the Agent Lender an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the AgentLender, evidencing the payment to that authority of all amounts required to be deducted or withheld.
Appears in 1 contract
Samples: Secured Multi Currency Reducing Revolving Credit Facility Agreement (Safe Bulkers, 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 Finance 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 Agent Bank an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the AgentBank, evidencing the payment to that authority of all amounts required to be deducted or withheld.
Appears in 1 contract
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 Finance 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 Agent Bank an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the AgentBank, evidencing the payment to that authority of all amounts required to be deducted or withheld.
Appears in 1 contract
Samples: Loan Facility Agreement (Excel Maritime Carriers LTD)
Evidence of. deductions If at any time the Borrower is Borrowers are required by law to make any deduction or withholding from any payment to be made by it them under a Finance Document, 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 Agent an original receipt issued by the relevant authority, or other evidence reasonably acceptable to the Agent, evidencing the payment to that authority of all amounts required to be deducted or withheld.thirty
Appears in 1 contract
Samples: Secured Facility Agreement
