General Taxes. All payments by Charterer, or by any other party on behalf of or for the account of Charterer, under or pursuant to the Demise Charter or any other Transaction Document (other than the Tax Indemnity Agreement), including all amounts received by any Indemnified Party on account of Charter Hire, shall be free of withholdings of any nature whatsoever in respect of Taxes indemnified pursuant to this Article 17 (and at the time that Charterer is required to make any payment upon which any such withholding is required, Charterer shall pay an additional amount such that the net amount actually received by the Person entitled to receive such payment will, after such withholding, equal the full amount of the payment then due), and shall be free of expense to each Indemnified Person for collection or other charges, and, whether or not any of the transactions contemplated hereby are consummated, Charterer agrees to pay and assume liability for, and does hereby agree to indemnify, protect, defend and hold harmless each Indemnified Person from and against, all taxes, assessments, fees and charges, together with any penalties, fines, additions to tax or Interest thereon, howsoever imposed, whether levied or imposed upon such Indemnified Person, Charterer, the Vessels or any part thereof by any federal, state or local government or governmental subdivision or taxing authority in the United States, by any foreign country or subdivision thereof, by any other foreign or international taxing authority or by any other authority having or asserted to have jurisdiction to tax, upon or with respect to, the Vessels or any part thereof; the manufacture, construction, acceptance, rejection, transfer, control, operation, condition, servicing, maintenance, repair, abandonment, replacement, purchase, sale, ownership, delivery, non-delivery, leasing, insuring, possession, use, improvement, transfer of title, return or other disposition thereof; the rentals, receipts or earnings arising therefrom; this Demise Charter and the other Transaction Documents (other than the Tax Indemnity Agreement) or any payment made pursuant thereto; or otherwise in connection with the transactions contemplated by the Transaction Documents (other than the Tax Indemnity Agreement) (all such taxes, assessments, fees, charges, penalties, fines, additions to tax and interest imposed as aforesaid, whether now existing or hereinafter enacted or adopted, being hereinafter called “Taxes”); excluding, however, the following:
Appears in 6 contracts
Samples: Demise Charter (Teco Energy Inc), Demise Charter (Tampa Electric Co), Demise Charter (Tampa Electric Co)
