Common use of No Reduction of Payments Clause in Contracts

No Reduction of Payments. The Borrower shall pay all amounts of principal, interest, fees and other amounts due under the Loan Documents free and clear of, and without reduction for or on account of, any present and future taxes, levies, imposts, duties, fees, assessments, charges, deductions or withholdings and all liabilities with respect thereto excluding, in the case of each Bank and the Agent, income and franchise taxes imposed on it by the jurisdiction under the laws of which such Bank or the Agent is organized or in which its principal executive offices may be located or any political subdivision or taxing authority thereof or therein or by the jurisdiction of such Bank's Lending Office and any political subdivision or taxing authority thereof or therein (all such nonexcluded taxes, levies, imposts, duties, fees, assessments, charges, deductions, withholdings and liabilities being hereinafter referred to as "Taxes"). If any Taxes shall be required by law to be deducted or withheld from any payment, the Borrower shall increase the amount paid so that the respective Bank or the Agent receives when due (and is entitled to retain), after deduction or withholding for or on account of such

Appears in 2 contracts

Samples: Credit Agreement (Cadence Design Systems Inc), Day Credit Agreement (Cadence Design Systems Inc)

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No Reduction of Payments. The Borrower shall pay all amounts of principal, interest, fees and other amounts due under the Loan Documents hereunder free and clear of, and without reduction for or on account of, any present and future taxes, levies, imposts, duties, fees, assessments, charges, deductions or withholdings and all liabilities with respect thereto excluding, excluding in the case of each Bank Lender and the Agent, income and franchise taxes imposed on it by the jurisdiction under the laws of which such Bank Lender or the Agent is organized or in which its principal executive offices may be located or any political subdivision or taxing authority thereof or therein or therein, and by the jurisdiction of such BankLender's Lending Office and any political subdivision or taxing authority thereof or therein (all such nonexcluded taxes, levies, imposts, duties, fees, assessments, charges, deductions, withholdings and liabilities being hereinafter referred to as "Taxes"). If any Taxes shall be required by law to be deducted or withheld from any payment, the Borrower shall increase the amount paid so that the respective Bank Lender receives, or the Agent receives receives, when due (and is entitled to retain), after deduction or withholding for or on account of suchsuch Taxes (including deductions or withholdings applicable to additional sums payable under this Section 3.8), the full amount of the payment provided for in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Certified Grocers of California LTD)

No Reduction of Payments. The Borrower shall pay all amounts of principal, interest, fees and other amounts due under the Loan Documents free and clear of, and without reduction for or on account of, any present and future taxes, levies, imposts, duties, fees, assessments, charges, deductions or withholdings and all liabilities with respect thereto excluding, in the case of each Bank and the Agent, income and franchise taxes imposed on it by the jurisdiction under the laws of which such Bank or the Agent is organized or in which its principal executive offices may be located or any political subdivision or taxing authority thereof or therein or by the jurisdiction of such Bank's Lending Office and any political subdivision or taxing authority thereof or therein (all such nonexcluded taxes, levies, imposts, duties, fees, assessments, charges, deductions, withholdings and liabilities being hereinafter referred to as "Taxes"). If any Taxes shall be required by law to be deducted or withheld from any payment, the Borrower shall increase the amount paid so that the respective Bank or the Agent receives when due (and is entitled to retain), after deduction or withholding for or on account of suchsuch Taxes (including deductions or withholdings applicable to additional sums payable under this Section 6.03), the full amount of the payment provided for in the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Cadence Design Systems Inc)

No Reduction of Payments. The Borrower shall pay all amounts of principal, interest, fees and other amounts due under the Loan Documents hereunder free and clear of, and without reduction for or on account of, any present and future taxes, levies, imposts, duties, fees, assessments, charges, deductions or withholdings and all liabilities with respect thereto excluding, excluding in the case of each Bank Lender and the Agent, income and franchise taxes imposed on it by the jurisdiction under the laws of which such Bank Lender or the Agent is organized or in which its principal executive offices may be located or any political subdivision or taxing authority thereof or therein or therein, and by the jurisdiction of such Bank's Lender’s Lending Office and any political subdivision or taxing authority thereof or therein (all such nonexcluded taxes, levies, imposts, duties, fees, assessments, charges, deductions, withholdings and liabilities being hereinafter referred to as "Taxes"). If any Taxes shall be required by law to be deducted or withheld from any payment, the Borrower shall increase the amount paid so that the respective Bank Lender receives, or the Agent receives receives, when due (and is entitled to retain), after deduction or withholding for or on account of suchsuch Taxes (including deductions or withholdings applicable to additional sums payable under this Section 3.7), the full amount of the payment provided for in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Unified Western Grocers Inc)

No Reduction of Payments. The Borrower shall pay all amounts of principal, interest, fees and other amounts due under the Loan Documents free and clear of, and without reduction for or on account of, any present and future taxes, levies, imposts, duties, fees, assessments, charges, deductions or withholdings and all liabilities with respect thereto excluding, in the case of each Bank and the AgentBank, income and franchise taxes imposed on it by the jurisdiction under the laws of which such the Bank or the Agent is organized or in which its principal executive offices may be located or any political subdivision or taxing authority thereof or therein or therein, and by the jurisdiction of such the Bank's Lending Office and any political subdivision or taxing authority thereof or therein (all such nonexcluded taxes, levies, imposts, duties, fees, assessments, charges, deductions, withholdings and liabilities being hereinafter referred to as "Taxes"). If any Taxes shall be required by law to be deducted or withheld from any payment, the Borrower shall increase the amount paid so that the respective Bank or the Agent receives when due (and is entitled to retain), after deduction or withholding for or on account of suchsuch Taxes (including deductions or withholdings applicable to

Appears in 1 contract

Samples: Credit Agreement (Seagate Technology Inc)

No Reduction of Payments. The Borrower shall pay all amounts of principal, interest, fees and other amounts due under the Loan Documents free and clear of, and without reduction for or on account of, any present and future taxes, levies, imposts, duties, fees, assessments, charges, deductions or withholdings and all liabilities with respect thereto excluding, in the case of each Bank and the AgentBank, income and franchise taxes imposed on it by the jurisdiction under the laws of which such the Bank or the Agent is organized or in which its principal executive offices may be located or any political subdivision or taxing authority thereof or therein or therein, and by the jurisdiction of such the Bank's Lending Office and any political subdivision or taxing authority thereof or therein (all such nonexcluded taxes, levies, imposts, duties, fees, assessments, charges, deductions, withholdings and liabilities being hereinafter referred to as "Taxes"). If any Taxes shall be required by law to be deducted or withheld from any payment, the Borrower shall increase the amount paid so that the respective Bank or the Agent receives when due (and is entitled to retain), after deduction or withholding for or on account of suchsuch Taxes (including deductions or withholdings applicable to additional sums payable under this Section 7.02), the full amount of the payment provided for in the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Genus Inc)

No Reduction of Payments. The Borrower shall pay all amounts of principal, interest, fees and other amounts due under the Loan Documents hereunder free and clear of, and without reduction for or on account of, any present and future taxes, levies, imposts, duties, fees, assessments, charges, deductions or withholdings and all liabilities with respect thereto excluding, excluding in the case of each Bank Lender and the Agent, income and franchise taxes imposed on it by the jurisdiction under the laws of which such Bank Lender or the Agent is organized or in which its principal executive offices may be located or any political subdivision or taxing authority thereof or therein or therein, and by the jurisdiction of such BankLender's Lending Office and any political subdivision or taxing authority thereof or therein (all such nonexcluded taxes, levies, imposts, duties, fees, assessments, charges, deductions, withholdings and liabilities being hereinafter referred to as "Taxes"). If any Taxes shall be required by law to be deducted or withheld from any payment, the Borrower shall increase the amount paid so that the respective Bank Lender receives, or the Agent receives receives, when due (and is entitled to retain), after deduction or withholding for or on account of suchsuch Taxes (including deductions or withholdings applicable to additional sums payable under this Section 3.7), the full amount of the payment provided for in this Agreement.

Appears in 1 contract

Samples: Credit Agreement (Unified Western Grocers Inc)

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No Reduction of Payments. The Borrower shall pay all amounts of principal, interest, fees and other amounts due under the Loan Documents free and clear of, and without reduction for or on account of, any present and future taxes, levies, imposts, duties, fees, assessments, charges, deductions or withholdings and all liabilities with respect thereto excluding, in the case of each Bank and the AgentLender, income and franchise taxes imposed on it by the jurisdiction under the laws of which such Bank or the Agent Lender is organized or in which its principal executive offices may be located or any political subdivision or taxing authority thereof or therein or therein, and by the jurisdiction of such BankLender's Lending Office principal place of business and any political subdivision or taxing authority thereof or therein (all such nonexcluded taxes, levies, imposts, duties, fees, assessments, charges, deductions, withholdings and liabilities being hereinafter referred to as "Taxes"). If any Taxes shall be required by law to be deducted or withheld from any paymentpayment from Borrower, the Borrower shall increase the amount paid so that the respective Bank or the Agent Lender receives when due (and is entitled to retain), after deduction or withholding for or on account of suchsuch Taxes (including deductions or withholdings applicable to additional sums payable under this Section 5.02), the full amount of the payment provided for in the Loan Documents.

Appears in 1 contract

Samples: Term Loan Agreement (Onyx Acceptance Corp)

No Reduction of Payments. The Borrower shall pay all amounts of principal, interest, fees and other amounts due under the Loan Documents free and clear of, and without reduction for or on account of, any present and future taxes, levies, imposts, duties, fees, assessments, charges, deductions or withholdings and all liabilities with respect thereto excluding, in the case of each Bank Lender and the Agent, income and franchise taxes imposed on it by the jurisdiction under the laws of which such Bank Lender or the Agent is organized or in which its principal executive offices may be located or any political subdivision or taxing authority thereof or therein or therein, and by the jurisdiction of such Bank's Lender’s Lending Office and any political subdivision or taxing authority thereof or therein (all such nonexcluded taxes, levies, imposts, duties, fees, assessments, charges, deductions, withholdings and liabilities being hereinafter referred to as "Taxes"). If any Taxes shall be required by law to be deducted or withheld from any payment, the Borrower shall increase the amount paid so that the respective Bank Lender or the Agent receives when due (and is entitled to retain), after deduction or withholding for or on account of suchsuch Taxes (including deductions or withholdings applicable to additional sums payable under this Section 7.03), the full amount of the payment provided for in the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Chalone Wine Group LTD)

No Reduction of Payments. The Borrower shall pay all amounts of principal, interest, fees and other amounts due under the Loan Documents free and clear of, and without reduction for or on account of, any present and future taxes, levies, imposts, duties, fees, assessments, charges, deductions or withholdings and all liabilities with respect thereto excluding, in the case of each Bank and the Agent, income and franchise taxes imposed on it by the jurisdiction under the laws of which such Bank or the Agent is organized or in which its principal executive offices may be located or any political subdivision or taxing authority thereof or therein or therein, and by the jurisdiction of such Bank's Lending Office and any political subdivision or taxing authority thereof or therein (all such nonexcluded taxes, levies, imposts, duties, fees, assessments, charges, deductions, withholdings and liabilities being hereinafter referred to as "Taxes"). If any Taxes shall be required by law to be deducted or withheld from any payment, the Borrower shall increase the amount paid so that the respective Bank or the Agent receives when due (and is entitled to retain), after deduction or withholding for or on account of suchsuch Taxes (including deductions or withholdings applicable to additional sums payable under this Section 7.03), the full amount of the payment provided for in the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (California Microwave Inc)

No Reduction of Payments. The Borrower shall pay all amounts of principal, interest, fees and other amounts due under the Loan Documents free and clear of, and without reduction for or on account of, any present and future taxes, levies, imposts, duties, fees, assessments, charges, deductions or withholdings and all liabilities with respect thereto excluding, in the case of each Bank Lender and the Agent, income and franchise taxes imposed on it by the jurisdiction under the laws of which such Bank Lender or the Agent is organized or in which its principal executive offices may be located or any political subdivision or taxing authority thereof or therein or therein, and by the jurisdiction of such BankLender's Lending Office and any political subdivision or taxing authority thereof or therein (all such nonexcluded taxes, levies, imposts, duties, fees, assessments, charges, deductions, withholdings and liabilities being hereinafter referred to as "Taxes"). If any Taxes shall be required by law to be deducted or withheld from any payment, the Borrower shall increase the amount paid so that the respective Bank Lender or the Agent receives when due (and is entitled to retain), after deduction or withholding for or on account of suchsuch Taxes (including deductions or withholdings applicable to additional sums payable under this Section 7.03), the full amount of the payment provided for in the Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Chalone Wine Group LTD)

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