Common use of Exclusion of tax Clause in Contracts

Exclusion of tax. on overall net income. In this Clause 22 “tax deduction” means any deduction or withholding for or on account of any present or future tax except tax on a Creditor Party’s overall net income.

Appears in 18 contracts

Samples: Amending and Restating Agreement (GasLog Partners LP), Loan Agreement (Paragon Shipping Inc.), Loan Agreement (Costamare Partners LP)

AutoNDA by SimpleDocs

Exclusion of tax. on overall net income. In this Clause 22 “tax deduction” means any deduction or withholding for or on account of any present or future tax except tax on a Creditor Party’s 's overall net income.

Appears in 8 contracts

Samples: Loan Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)

Exclusion of tax. on overall net income. In this Clause 22 “tax deduction” means any deduction or withholding for or on account of any present or future tax except tax on a Creditor Partythe Lender’s overall net income.

Appears in 3 contracts

Samples: Loan Agreement (Tsakos Energy Navigation LTD), Loan Agreement (Arlington Tankers Ltd.), Loan Agreement (General Maritime Corp / MI)

Exclusion of tax. on overall net income. In this Clause 22 16 “tax deduction” means any deduction or withholding for or on account of any present or future tax except tax on a Creditor PartyLender’s overall net incomeincome imposed by a taxing jurisdiction in which such Lender is organized, holds or books the Loan or has a principal place of business.

Appears in 2 contracts

Samples: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)

Exclusion of tax. on overall net income. In this Clause 22 23 “tax deduction” means any deduction or withholding for or on account of any present or future tax except tax on a Creditor Party’s overall net incomeNon-indemnified Tax.

Appears in 2 contracts

Samples: Loan Agreement (Scorpio Tankers Inc.), Loan Agreement (Scorpio Tankers Inc.)

Exclusion of tax. on overall net income. In this Clause 22 21.6 tax Tax deduction” means any deduction or withholding for or on account of any present or future tax except tax on a Creditor Partythe Lender’s overall net income.

Appears in 2 contracts

Samples: Loan Agreement (Gala Properties Inc.), Loan Agreement (Diana Shipping Inc.)

Exclusion of tax. on overall net income. In this Clause 22 "tax deduction" means any deduction or withholding for or on account of any present or future tax except tax on a Creditor Party’s 's overall net income.

Appears in 1 contract

Samples: Loan Agreement (Paragon Shipping Inc.)

Exclusion of tax. on overall net income. In this Clause 22 14 “tax deduction” means any deduction or withholding for or on account of any present or future tax except tax on a any Creditor Party’s overall net income.

Appears in 1 contract

Samples: Guarantee (EuroDry Ltd.)

AutoNDA by SimpleDocs

Exclusion of tax. on overall net income. In this Clause 22 20 “tax deduction” means any deduction or withholding for or on account of any present or future tax except tax on a Creditor Partythe Lender’s overall net income.

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

Exclusion of tax. on overall net income. In this Clause 22 23 “tax deduction” means any deduction or withholding for or on account of any present or future tax except tax on a Creditor Party’s overall net income.

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Exclusion of tax. on overall net income. (a) In this Clause 22 “23 (No Set-Off or Tax Deduction) "tax deduction" means any deduction or withholding from any payment due under a Finance Document for or on account of any present or future tax except tax excepttax on a Creditor PartyLender’s overall net income.

Appears in 1 contract

Samples: Loan Agreement (Castor Maritime Inc.)

Exclusion of tax. on overall net income. (a) In this Clause 22 23 (No Set-Off or Tax Deduction) “tax deduction” means any deduction or withholding from any payment due under a Finance Document for or on account of any present or future tax except tax excepttax on a Creditor PartyLender’s overall net income.

Appears in 1 contract

Samples: Loan Agreement (Toro Corp.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!