Common use of NO RESPONSIBILITY FOR TAX Clause in Contracts

NO RESPONSIBILITY FOR TAX. The Collateral Agent shall have no responsibility whatsoever to any person as regards any deficiency which might arise because the Collateral Agent is subject to any tax in respect of the Charged Property or any part thereof on any income therefrom or any proceeds thereof.

Appears in 2 contracts

Samples: 3com Corp, 3com Corp

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NO RESPONSIBILITY FOR TAX. The Collateral Agent shall have no responsibility whatsoever to any person as regards any deficiency which might arise because the Collateral Agent is subject to any tax tax, duties or levies in respect of the Charged Property or any part thereof on any income therefrom or any proceeds thereof.

Appears in 2 contracts

Samples: 3com Corp, 3com Corp

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NO RESPONSIBILITY FOR TAX. The Collateral Agent shall have no responsibility whatsoever to any person as regards any deficiency which might arise because the Collateral Agent is subject to any tax tax, duties or levies in respect of the Charged Mortgaged Property or any part thereof on any income therefrom or any proceeds thereof.

Appears in 1 contract

Samples: 3com Corp

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