Common use of Limitation on Certain Payment Obligations Clause in Contracts

Limitation on Certain Payment Obligations. (a) Each Lender or Administrative Agent shall make written demand on Borrower for indemnification or compensation pursuant to Section 3.08 no later than 90 days after the earlier of (i) the date on which such Lender or the Administrative Agent makes payment of such Taxes, and (ii) the date on which the relevant taxing authority or other governmental authority makes written demand upon such Lender or the Administrative Agent for payment of such Taxes.

Appears in 3 contracts

Samples: Revolving Credit Agreement (Hughes Supply Inc), Revolving Credit Agreement (Hughes Supply Inc), Revolving Credit Agreement (Hughes Supply Inc)

AutoNDA by SimpleDocs

Limitation on Certain Payment Obligations. (a1) Each Lender or Administrative Agent shall make written demand on Borrower for indemnification or compensation pursuant to Section 3.08 3.07 no later than 90 days after the earlier of (i) the date on which such Lender or the Administrative Agent makes payment of such Taxes, and (ii) the date on which the relevant taxing authority or other governmental authority makes written demand upon such Lender or the Administrative Agent for payment of such Taxes.

Appears in 3 contracts

Samples: Credit Agreement (Hughes Supply Inc), Credit Agreement (Hughes Supply Inc), Credit Agreement (Hughes Supply Inc)

Limitation on Certain Payment Obligations. (a) Each Lender or Administrative Agent shall make written demand on Borrower for indemnification or compensation pursuant to Section 3.08 2.21 no later than 90 days after the earlier of (i) the date on which such Lender or the Administrative Agent makes payment of such Taxes, and (ii) the date on which the relevant taxing authority or other governmental authority makes written demand upon such Lender or the Administrative Agent for payment of such Taxes.

Appears in 2 contracts

Samples: Revolving Credit Agreement (Hughes Supply Inc), Revolving Credit Agreement (Hughes Supply Inc)

Limitation on Certain Payment Obligations. (a) Each Lender or the Administrative Agent shall make written demand on Borrower for indemnification or compensation pursuant to Section 3.08 2.21 no later than 90 days after the earlier of (i) the date on which such Lender or the Administrative Agent makes payment of such Taxes, and (ii) the date on which the relevant taxing authority or other governmental authority makes written demand upon such Lender or the Administrative Agent for payment of such Taxes.

Appears in 1 contract

Samples: Senior Term Loan Agreement (Hughes Supply Inc)

Limitation on Certain Payment Obligations. (a) Each Lender or Administrative Agent shall make written demand on Borrower for indemnification or compensation pursuant to Section 3.08 3.07 no later than 90 180 days after the earlier of (i) the date on which such Lender or the Administrative Agent makes payment of such Taxes, and (ii) the date on which the relevant taxing authority or other governmental authority makes written demand upon such Lender or the Administrative Agent for payment of such Taxes.

Appears in 1 contract

Samples: Credit Agreement (Krystal Company)

Limitation on Certain Payment Obligations. (a) Each Lender or the Administrative Agent shall make written demand on the Borrower for indemnification or compensation pursuant to Section 3.08 3.8.(b) no later than 90 days six months after the earlier of (i) on the date on which such Lender or the Administrative Agent makes payment of any such Taxes, Taxes and (ii) the date on which the relevant taxing authority or other governmental authority makes written demand upon such Lender or the Administrative Agent for the payment of such Taxes.

Appears in 1 contract

Samples: Credit Agreement (CBRL Group Inc)

Limitation on Certain Payment Obligations. (a) Each Lender or Administrative Agent shall make written demand on Borrower Xxxxxx for indemnification or compensation pursuant to Section 3.08 3.07 no later than 90 ninety (90) days after the earlier of (i) the date on which such Lender or the Administrative Agent makes payment of such Taxes, and or (ii) the date on which the relevant taxing authority or other governmental authority makes written demand upon such Lender or the Administrative Agent for payment of such Taxes.

Appears in 1 contract

Samples: Credit Agreement (Nelson Thomas Inc)

AutoNDA by SimpleDocs

Limitation on Certain Payment Obligations. (a) Each Lender or Administrative Agent shall make written demand on Borrower for indemnification or compensation pursuant to Section 3.08 3.07 no later than 90 days after the earlier of (i) the date on which such Lender or the Administrative Agent makes payment of such Taxes, and (ii) the date on which the relevant taxing authority or other governmental authority makes written demand upon such Lender or the Administrative Agent for payment of such Taxes.

Appears in 1 contract

Samples: Line of Credit Agreement (Hughes Supply Inc)

Limitation on Certain Payment Obligations. (a) Each Lender or Administrative Agent shall make written demand on Borrower for indemnification or compensation pursuant to Section 3.08 4.07 no later than 90 days after the earlier of (i) the date on which such Lender or the Administrative Agent makes payment of such Taxes, and (ii) the date on which the relevant taxing authority or other governmental authority makes written demand upon such Lender or the Administrative Agent for payment of such Taxes.

Appears in 1 contract

Samples: Credit Agreement (Hughes Supply Inc)

Limitation on Certain Payment Obligations. (a) Each Lender or Administrative Agent shall make written demand on Borrower for indemnification or compensation pursuant to Section 3.08 4.07 no later than 90 days after the earlier of (i) the date on which such Lender or the Administrative Agent makes payment of such Taxes, and (ii) the date on which the relevant taxing authority or other governmental authority makes written demand upon such Lender or the Administrative Agent for payment of such Taxes.

Appears in 1 contract

Samples: Credit Agreement (Hughes Supply Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.