Common use of No Credit for Payment of Taxes or Imposition Clause in Contracts

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 83 contracts

Samples: Revolving Credit Agreement (Uber Technologies, Inc), Term Loan Agreement (Uber Technologies, Inc), Term Loan Agreement (Uber Technologies, Inc)

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No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax Taxes on the Pledged Collateral or any part thereof.

Appears in 21 contracts

Samples: Security Agreement (Maxlinear Inc), Security Agreement (Xperi Holding Corp), Security Agreement (Maxlinear Inc)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 17 contracts

Samples: Security Agreement (Ryerson Holding Corp), Credit Agreement (Overseas Shipholding Group Inc), Abl Credit Agreement (Overseas Shipholding Group Inc)

No Credit for Payment of Taxes or Imposition. Such Each Pledgor shall not be entitled to any credit against the principal, premium, premium (if any), or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which that may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Security Agreement Collateral or any part thereof.

Appears in 10 contracts

Samples: Credit Agreement (Herbalife Nutrition Ltd.), Credit Agreement (Herbalife Ltd.), Credit Agreement (Herbalife Ltd.)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 10 contracts

Samples: Security Agreement (American Renal Associates LLC), Pledge Agreement (Intcomex, Inc.), Security Agreement (Brocade Communications Systems Inc)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such no Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 10 contracts

Samples: Security Agreement (Wynn Resorts LTD), Security Agreement (Wynn Las Vegas LLC), Security Agreement (Wynn Resorts LTD)

No Credit for Payment of Taxes or Imposition. Such The Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such the Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 8 contracts

Samples: Security Agreement (Owl Rock Core Income Corp.), Security Agreement (GWG Holdings, Inc.), Security Agreement (GWG Holdings, Inc.)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 8 contracts

Samples: Security Agreement (Sportsman's Warehouse Holdings, Inc.), Security Agreement (Sportsman's Warehouse Holdings, Inc.), Security Agreement (Sportsman's Warehouse Holdings, Inc.)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 7 contracts

Samples: Security Agreement (On Semiconductor Corp), Credit Agreement (Entravision Communications Corp), Security Agreement (Entravision Communications Corp)

No Credit for Payment of Taxes or Imposition. Such The Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such the Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 5 contracts

Samples: Term Loan Agreement (Uber Technologies, Inc), Term Loan Agreement (Uber Technologies, Inc), Abl Credit Agreement (Overseas Shipholding Group Inc)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such no Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax Taxes on the Pledged Collateral or Mortgaged Property or any part thereof.

Appears in 4 contracts

Samples: Security Agreement (Carrols Restaurant Group, Inc.), Security Agreement, First Lien Security Agreement

No Credit for Payment of Taxes or Imposition. Such A Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 4 contracts

Samples: Security Agreement (Gentiva Health Services Inc), Credit Agreement (Gentiva Health Services Inc), Security Agreement (Gentiva Health Services Inc)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Loan Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 3 contracts

Samples: Loan Agreement (Raptor Pharmaceutical Corp), Loan Agreement (Raptor Pharmaceutical Corp), Loan Agreement (Raptor Pharmaceutical Corp)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Second Lien Term Loan Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 3 contracts

Samples: Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Third Lien Term Loan Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 2 contracts

Samples: Security Agreement (Quest Resource Corp), Security Agreement (Quest Resource Corp)

No Credit for Payment of Taxes or Imposition. Such Each Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementSecured Agreements, and each such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral, Foreign Collateral or Mortgaged Property or any part thereof.

Appears in 2 contracts

Samples: Security Agreement (Dish DBS Corp), Security Agreement (EchoStar CORP)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementSecured Agreements, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or Mortgaged Property or any part thereof.

Appears in 2 contracts

Samples: Canadian Second Lien Security Agreement (Norcraft Holdings, L.P.), u.s. Second Lien Security Agreement (Norcraft Holdings, L.P.)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax Charge on the Pledged Collateral or any part thereof.

Appears in 2 contracts

Samples: Security Agreement (SAExploration Holdings, Inc.), Security Agreement (SAExploration Holdings, Inc.)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Purchase Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 2 contracts

Samples: Security Agreement (Terremark Worldwide Inc), Security Agreement (Terremark Worldwide Inc)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof. SECTION 11.12. [Reserved].

Appears in 2 contracts

Samples: First Lien Credit Agreement (Emdeon Inc.), First Lien Credit Agreement (Emdeon Inc.)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or Mortgaged Property or any part thereof.

Appears in 2 contracts

Samples: Security Agreement (Ryerson International Material Management Services, Inc.), Security Agreement (J.M. Tull Metals Company, Inc.)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such no Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax tax on the Pledged Collateral or any part thereof.

Appears in 2 contracts

Samples: Second Lien Security Agreement (iPCS, INC), First Lien Security Agreement (iPCS, INC)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such no Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax Taxes on the Pledged Collateral or Mortgaged Property or any part thereof.

Appears in 2 contracts

Samples: Second Lien Security Agreement (Carrols Restaurant Group, Inc.), Second Lien Security Agreement (Carrols Restaurant Group, Inc.)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax Taxes on the Pledged Collateral or any part thereof.

Appears in 2 contracts

Samples: Canadian Security Agreement (BRP (Luxembourg) 4 S.a.r.l.), Canadian Security Agreement (Bombardier Recreational Products Inc.)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the First Lien Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: First Lien Credit Agreement (American Renal Associates Holdings, Inc.)

No Credit for Payment of Taxes or Imposition. Such -------------------------------------------- Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture or the Notes, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (Raceland Truck Plaza & Casino LLC)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementConvertible Notes, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (WorldSpace, Inc)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementSecured Agreements, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral Collateral, Mortgaged Property or Mortgaged Vessels or any part thereof.

Appears in 1 contract

Samples: Security Agreement (APT Sunshine State LLC)

No Credit for Payment of Taxes or Imposition. Such No Pledgor or Guarantor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Guarantee and Security Agreement (J.M. Tull Metals Company, Inc.)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture Documents, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (KCG Holdings, Inc.)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture or any Indenture Document, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (GOOD TECHNOLOGY Corp)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementAgreement or the Loans, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (Colonial Downs, LLC)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (TheRealReal, Inc.)

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No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Second Lien Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Second Lien Pledge and Security Agreement (PGT, Inc.)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (Layne Christensen Co)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, principal or interest or any other amount payable under the Credit Agreement, and such no Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, in either case, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: u.s. Security Agreement (Ply Gem Industries Inc)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax Taxes on the Pledged Collateral or Mortgaged Property or any part thereof.

Appears in 1 contract

Samples: Second Lien Security Agreement (Carrols Restaurant Group, Inc.)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such no Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Ambassadors International Inc)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, or accreted value or premium, if any, or interest payable under the Credit AgreementIndenture or the Notes, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Pledge Agreement (Alta One Inc.)

No Credit for Payment of Taxes or Imposition. Such The Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementLoan Note Instrument, and such the Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Pledge Agreement (Zheng Nanyan)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementBridge Notes, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (WorldSpace, Inc)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit Indenture or against any other sums which may become payable under the terms thereof or hereof, under this Agreement or the other Security Documents by reason of the payment of any Tax tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (Hercules Offshore, Inc.)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Second Lien Security Agreement (Dynacast Inc.)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Credit Agreement (Sola International Inc)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax Taxes on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Second Lien Security Agreement (Salem Communications Corp /De/)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (Granite Broadcasting Corp)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (Quest Resource Corp)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Loan Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (Impac Mortgage Holdings Inc)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which that may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Credit Agreement (HealthSpring, Inc.)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndentures or the Notes, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (Trump Indiana Inc)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Loan Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof. [*****] Certain information in this document has been omitted and filed separately with the Securities and Exchange Commission. Confidential treatment has been requested with respect to the omitted portions.

Appears in 1 contract

Samples: Loan Agreement (Raptor Pharmaceutical Corp)

No Credit for Payment of Taxes or Imposition. Such No Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and such no Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (CMP Susquehanna Radio Holdings Corp.)

No Credit for Payment of Taxes or Imposition. Such Pledgor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and such Pledgor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, by reason of the payment of any Tax Taxes on the Pledged Collateral or Mortgaged Property or any part thereof.

Appears in 1 contract

Samples: First Lien Security Agreement (Carrols Restaurant Group, Inc.)

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