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

No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and the Mortgagor 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 Charge on the Mortgaged Property or any part thereof.

Appears in 15 contracts

Samples: Credit Agreement (Valvoline Inc), Credit Agreement (Ashland Inc.), Security Agreement (Norcraft Companies, Inc.)

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No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture or the Notes, and the Mortgagor 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 Charge on the Mortgaged Property or any part thereof.

Appears in 7 contracts

Samples: Security Agreement (Listerhill Total Maintenance Center LLC), Security Agreement (Jacobs Entertainment Inc), Security Agreement and Fixture Filing (Jacobs Entertainment Inc)

No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under on the Credit AgreementNotes, and the Mortgagor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, hereof by reason of the payment of any Charge tax or other impositions on the Mortgaged Property or any part thereof.

Appears in 6 contracts

Samples: Security Agreement and Fixture (Rti Capital Corp), Security Agreement and Fixture (Blue Steel Capital Corp), Security Agreement and Fixture (Blue Steel Capital Corp)

No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and the Mortgagor 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 Charge Property Charges on the Mortgaged Property or any part thereof.

Appears in 5 contracts

Samples: Credit Agreement (Novelis Inc.), Security Agreement (Novelis Inc.), Security Agreement (Novelis Inc.)

No Credit for Payment of Taxes or Impositions. The --------------------------------------------- Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture or the Notes, and the Mortgagor 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 Charge on the Mortgaged Property or any part thereof.

Appears in 4 contracts

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

No Credit for Payment of Taxes or Impositions. The --------------------------------------------- Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and the Mortgagor 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 Charge on the Mortgaged Property or any part thereof.

Appears in 2 contracts

Samples: Security Agreement (Applied Power Inc), Security Agreement (Applied Power Inc)

No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementSecond Priority Indenture or the Second Notes, and the Mortgagor 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 Charge on the Mortgaged Property Leased Premises or any part thereof.

Appears in 1 contract

Samples: Priority Intercreditor Agreement (Trump Indiana Inc)

No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premiumprincipal of or interest, if any, payable on the Mortgage Note or interest payable under the Credit Agreement, and the Mortgagor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereofLoan Documents, by reason of the payment of any Charge tax on the Mortgaged Property or any other Imposition or other amount required to be paid hereunder. No deduction shall be made or claimed from the taxable value of the Property or any part thereofthereof by reason of this Mortgage.

Appears in 1 contract

Samples: Hanover Marriott Limited Partnership

No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and the Mortgagor 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 Charge tax or other impositions on the Mortgaged Property or any part thereof.

Appears in 1 contract

Samples: Security Agreement (General Automation Inc/Il)

No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementSecond Priority Indenture or the Second Notes, and the Mortgagor 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 Charge on the Mortgaged Property or any part thereof.

Appears in 1 contract

Samples: Security Agreement (Trump Indiana Inc)

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No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture, and the Mortgagor 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 Charge on the Mortgaged Property or any part thereof.

Appears in 1 contract

Samples: Mortgage Modification Agreement (New Enterprise Stone & Lime Co., Inc.)

No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreementon any Debt Instrument, and the Mortgagor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, hereof by reason of the payment of any Charge tax or other impositions on the Mortgaged Property or any part thereof.

Appears in 1 contract

Samples: Republic Engineered Steels Inc

No Credit for Payment of Taxes or Impositions. The Mortgagor Debtor shall not be entitled to any credit against the principal, premium, if any, or interest payable under on the Credit AgreementNotes, and the Mortgagor Debtor shall not be entitled to any credit against any other sums which may become payable under the terms thereof or hereof, hereof by reason of the payment of any Charge tax or other impositions on the Mortgaged Property or any part thereof.

Appears in 1 contract

Samples: Fixed And (Seven Seas Steamship Co Nv)

No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementIndenture or any other Notes Document, and the Mortgagor 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 Charge on the Mortgaged Property or any part thereof.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Great Wolf Lodge of Grapevine, LLC)

No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementFirst Priority Indenture or the First Notes, and the Mortgagor 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 Charge on the Mortgaged Property or any part thereof.

Appears in 1 contract

Samples: Taxes and Certain Statutory (Trump Indiana Inc)

No Credit for Payment of Taxes or Impositions. The Mortgagor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementFirst Priority Indenture or the First Notes, and the Mortgagor 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 Charge on the Mortgaged Property Leased Premises or any part thereof.

Appears in 1 contract

Samples: Security Agreement and Fixture Filing (Trump Indiana Inc)

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