Common use of Indemnification for Foreign Taxes Clause in Contracts

Indemnification for Foreign Taxes. The Guarantor shall indemnify the Administrative Agent and each Bank against, and reimburse the Administrative Agent and each Bank on demand for, any Foreign Taxes applicable to it and any loss, liability, claim or expense, including interest, penalties and legal fees, that the Administrative Agent or such Bank may incur at any time arising out of or in connection with any failure of the Guarantor to make any payment of Foreign Taxes when due.

Appears in 1 contract

Samples: Credit Agreement (Bowater Inc)

AutoNDA by SimpleDocs

Indemnification for Foreign Taxes. The Guarantor Each Foreign Borrower shall indemnify the Administrative Agent and each Bank Lender against, and reimburse the Administrative Agent and each Bank Lender on demand for, any Foreign Taxes applicable to it and any loss, liability, claim or expense, including interest, penalties and legal fees, that the Administrative Agent or such Bank Lender may incur at any time arising out of or in connection with any failure of the Guarantor such Foreign Borrower to make any payment of Foreign Taxes when due.

Appears in 1 contract

Samples: Credit Agreement (Bowater Inc)

Indemnification for Foreign Taxes. The Guarantor Each Foreign Borrower shall indemnify the Administrative Agent and each Bank against, and reimburse the Administrative Agent and each Bank on demand for, any Foreign Taxes applicable to it and any loss, liability, claim or expense, including interest, penalties and legal fees, that the Administrative Agent or such Bank may incur at any time arising out of or in connection with any failure of the Guarantor such Foreign Borrower Five-Year Credit Agreement to make any payment of Foreign Taxes when due.

Appears in 1 contract

Samples: Credit Agreement (Bowater Inc)

AutoNDA by SimpleDocs

Indemnification for Foreign Taxes. The Guarantor Each Foreign Borrower shall indemnify the Administrative Agent and each Bank against, and reimburse the Administrative Agent and each Bank on demand for, any Foreign Taxes applicable to it and any loss, liability, claim or expense, including interest, penalties and legal fees, that the Administrative Agent or such Bank may incur at any time arising out of or in connection with any failure of the Guarantor such Foreign Borrower to make any payment of Foreign Taxes when due.

Appears in 1 contract

Samples: 364 Day Credit Agreement (Bowater Inc)

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