Common use of Indemnity and evidence of payment of taxes Clause in Contracts

Indemnity and evidence of payment of taxes. The Guarantor shall fully indemnity the Owner on the Owner’s demand in respect of all claims, expenses, liabilities and losses incurred by the Owner by reason of any failure of the Guarantor to make any tax deduction or by reason of any increased payment not being made on the due date for such payment in accordance with Clause 6.2. Within 30 days after making tax deduction, that Guarantor shall deliver to the Owner any receipts, certificates or other documentary evidence satisfactory to the Owner that the tax had been paid to the appropriate taxation authority.

Appears in 2 contracts

Samples: Top Ships Inc., Top Ships Inc.

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Indemnity and evidence of payment of taxes. The Guarantor shall fully indemnity indemnify the Owner on the Owner’s demand in respect of all claims, expenses, liabilities and losses incurred by the Owner by reason of any failure of the Guarantor to make any tax deduction or by reason of any increased payment not being made on the due date for such payment in accordance with Clause 6.2. Within 30 days after daysafter making a tax deduction, that Guarantor shall deliver to the Owner any receipts, certificates or other documentary evidence satisfactory to the Owner that the tax had been paid to the appropriate taxation authority.

Appears in 1 contract

Samples: Top Ships Inc.

Indemnity and evidence of payment of taxes. The Guarantor shall fully indemnity indemnify the Owner on the Owner’s 's demand in respect of all claims, expenses, liabilities and losses incurred by the Owner by reason of any failure of the Guarantor to make any tax deduction or by reason of any increased payment not being made on the due date for such payment in accordance with Clause 6.26.2 (Grossing-up for taxes). Within 30 days after making a tax deduction, that Guarantor shall deliver to the Owner any receipts, certificates or other documentary evidence satisfactory to the Owner that the tax had been paid to the appropriate taxation authority.

Appears in 1 contract

Samples: Top Ships Inc.

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Indemnity and evidence of payment of taxes. The Guarantor shall fully indemnity indemnify the Owner on the Owner’s demand Lender in respect of all claims, expenses, liabilities and losses incurred by the Owner Lender by reason of any failure of the Guarantor to make any tax deduction or by reason of any increased payment not being made on the due date for such payment in accordance with Clause 6.2. Within 30 days after making any tax deduction, that Guarantor shall deliver to the Owner Lender any receipts, certificates or other documentary evidence satisfactory to the Owner Lender that the tax had been paid to the appropriate taxation authority.

Appears in 1 contract

Samples: EuroDry Ltd.

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