Common use of No Taxes Clause in Contracts

No Taxes. no Taxes are imposed by deduction, withholding or otherwise on any payment to be made by any Security Party under this Agreement and/or any other of the Security Documents or are imposed on or by virtue of the execution or delivery of this Agreement and/or any other of the Security Documents or any document or instrument to be executed or delivered hereunder or thereunder. In case that any Tax exists now or will be imposed in the future, it will be borne by the Borrower;

Appears in 3 contracts

Samples: Loan Agreement (Top Ships Inc.), Loan Agreement (StealthGas Inc.), Loan Agreement (StealthGas Inc.)

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No Taxes. no Taxes are imposed by deduction, withholding or otherwise on any payment to be made by any Security Party under this Agreement and/or any other of the Security Documents or are imposed on or by virtue of the execution or delivery of this Agreement and/or any other of the Security Documents or any document or instrument to be executed or delivered hereunder or thereunder. In case that any Tax exists now or will be imposed in the future, it will be borne by the BorrowerBorrowers;

Appears in 2 contracts

Samples: Loan Agreement (Poseidon Containers Holdings Corp.), Loan Agreement (Costamare Inc.)

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No Taxes. no Taxes are imposed by deduction, withholding or otherwise on any payment to be made by any Security Party the Borrowers under this Agreement and/or any other of the Security Documents or are imposed on or by virtue of the execution or delivery of this Agreement and/or any other of the Security Documents or any document or instrument to be executed or delivered hereunder or thereunder. In case that any Tax exists now or will be imposed in the future, it will be borne by the BorrowerBorrowers;

Appears in 1 contract

Samples: Loan Agreement (FreeSeas Inc.)

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