Common use of Grossing-up for taxes Clause in Contracts

Grossing-up for taxes. If the Borrower is required by law to make a tax deduction from any payment: (a) the Borrower shall notify the Agent as soon as it becomes aware of the requirement; (b) the Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower is required by law to make a tax deduction from any payment: (a) the Borrower shall notify the Agent Lender as soon as it becomes aware of the requirement; (b) the Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises;; and (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party the Lender receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the a Borrower is required by law to make a tax deduction from any payment: (a) the that Borrower shall notify the Agent as soon as it becomes aware of the requirement; (b) the that Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower is required by law to make a tax deduction from any payment: (a) the Borrower shall notify the Agent as soon as it becomes aware of the requirement; (b) the Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises;; and (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower is required by law to make a tax deduction from any payment: (a) the Borrower shall notify the Agent Lender as soon as it becomes aware of the requirement; (b) the Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party the Lender receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the a Borrower is required by law to make a tax deduction from any payment: (a) the that Borrower shall notify the Agent as soon as it becomes aware of the requirement; (b) the that Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises;; and (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower is Borrowers are required by law to make a tax deduction from any payment: (a) the Borrower Borrowers shall notify the Agent Lender as soon as it becomes aware of the requirement; (b) the Borrower Borrowers shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party the Lender receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the a Borrower is required by law to make a tax deduction from any payment: (a) the Borrower that Xxxxxxxx shall notify the Agent as soon as it becomes aware of the requirement; (b) the that Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the a Borrower is required by law to make a tax deduction from any payment: (a) the Borrower that Xxxxxxxx shall notify the Agent as soon as it becomes aware of the requirement; (b) the that Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises;; and (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the a Borrower is required by law to make a tax deduction from any payment: (a) the Borrower Borrowers shall notify the Agent as soon as it becomes aware of the requirement; (b) the such Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the a Borrower is required by law to make a tax deduction from any payment: (a) the that Borrower shall notify the Agent Lender as soon as it becomes aware of the requirement; (b) the that Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party the Lender receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower is Borrowers are required by law to make a tax deduction from any payment: (a) the Borrower Borrowers shall notify the Agent as soon as it becomes aware of the requirement; (b) the Borrower Borrowers shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower is required by law to make a tax Tax deduction from any payment: (a) the Borrower shall notify the Agent Lender as soon as it becomes aware of the requirement; (b) the Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party the Lender receives and retains (free from any liability relating to the tax Tax deduction) a net amount which, after the tax Tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower an Obligor is required by law to make a tax deduction from any payment: (a) the Borrower that Obligor shall notify the Facility Agent as soon as it becomes aware of the requirement; (b) the Borrower that Obligor shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party of the Lenders receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower is required by law to make a tax deduction from any payment: (a) the Borrower shall notify the Agent Lender as soon as it becomes aware of the requirement; (b) the Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises;; and (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party the Lender receives and retains (free from any liability relating to the tax deduction) a net an amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the any Borrower is required by law to make a tax deduction from any payment: (a) the that Borrower shall notify the Agent as soon as it becomes aware of the requirement; (b) the that Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises;; and (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower is required by law to make a tax deduction from any paymentpayment by it: (a) the Borrower shall notify the Agent as soon as it becomes aware of the requirement; (b) the Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the a Borrower is required by law to make a tax deduction from any payment: (a) the Borrower that Xxxxxxxx shall notify the Agent as soon as it becomes aware of the requirement; (b) the that Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises;; and (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the any Borrower is required by law to make a tax deduction from any payment: (a) the Borrower that Xxxxxxxx shall notify the Agent as soon as it becomes aware of the requirement; (b) the that Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower an Obligor is required by law to make a tax deduction from any payment: (a) the Borrower that Obligor shall notify the Agent as soon as it becomes aware of the requirement; (b) the Borrower that Obligor shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party of the Lenders receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower an Obligor is required by law to make a tax deduction from any payment: (a) the Borrower that Obligor shall notify the Agent as soon as it becomes aware of the requirement; (b) the Borrower that Obligor shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the a Borrower is required by law to make a tax deduction from any payment: (a) the Borrower shall that Boxxxxxx xhall notify the Agent as soon as it becomes aware of the requirement; (b) the that Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises;; and (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the any Borrower is required by law to make a tax deduction from any payment: (a) the that Borrower shall notify the Agent Lender as soon as it becomes aware of the requirement; (b) the that Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party the Lender receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower is either Obligor shall be required by law to make a tax deduction from any payment: (a) the Borrower that Obligor shall notify the Agent as soon as it becomes aware of the requirement; (b) the Borrower that Obligor shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises;; and (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Credit Party receives and retains (free from any liability relating to the tax deduction) a net amount whichthat, after the tax deduction, is equal to the full amount which that it would otherwise have received.

Grossing-up for taxes. If the Borrower is Borrowers are required by law to make a tax deduction from any payment: (a) the Borrower Borrowers shall notify the Agent Lender as soon as it becomes aware of the requirement; (b) the Borrower Borrowers shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine tine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party the Lender receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower is required by law to make a tax deduction from any payment: (a) the The Borrower shall notify the Agent as soon as it becomes aware of the requirement; (b) the The Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises; (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the a Borrower is required by law to make a tax deduction from any payment: (a) the Borrower that Bxxxxxxx shall notify the Agent as soon as it becomes aware of the requirement; (b) the that Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises;; and (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.

Grossing-up for taxes. If the Borrower is required by law to make a tax deduction from any payment: (a) the Borrower shall notify the Facility Agent as soon as it becomes aware of the requirement; (b) the Borrower shall pay the tax deducted to the appropriate taxation authority promptly, and in any event before any fine or penalty arises;; and (c) the amount due in respect of the payment shall be increased by the amount necessary to ensure that each Creditor Party receives and retains (free from any liability relating to the tax deduction) a net amount which, after the tax deduction, is equal to the full amount which it would otherwise have received.