Common use of Notification of Requirement to Deduct Tax Clause in Contracts

Notification of Requirement to Deduct Tax. If, at any time, the Borrower is required by law to make any deduction or withholding from any sum payable by it hereunder, or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated, the Borrower shall promptly notify the Lender.

Appears in 9 contracts

Samples: Loan Agreement (Wimm Bill Dann Foods Ojsc), Loan Agreement (Open Joint Stock Co Vimpel Communications), Loan Agreement (Open Joint Stock Co Vimpel Communications)

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Notification of Requirement to Deduct Tax. If, at any time, the a Relevant Borrower is required by law to make any deduction or withholding from any sum payable by it hereunder, hereunder or under the other Loan Documents (or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated), the such Relevant Borrower shall promptly notify the LenderAgent.

Appears in 6 contracts

Samples: Loan, Security and Guaranty Agreement (Hyster-Yale Materials Handling, Inc.), Loan Agreement (Hyster-Yale Materials Handling, Inc.), Loan Agreement (Hyster-Yale Materials Handling, Inc.)

Notification of Requirement to Deduct Tax. If, at any time, the Borrower is required by law to make any deduction or withholding from any sum payable by it hereunder, hereunder (or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated), the Borrower shall promptly notify the Lender.

Appears in 6 contracts

Samples: Loan Agreement, Loan Agreement (Public Joint Stock Co Commercial Bank PrivatBank), Loan Agreement (Public Joint Stock Co Commercial Bank PrivatBank)

Notification of Requirement to Deduct Tax. If, at any time, the Borrower is required by law to make any deduction or withholding from any sum payable by it hereunder, under the Finance Documents (or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated), the Borrower shall promptly notify the LenderAgent.

Appears in 5 contracts

Samples: Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/), $90,000,000 Standby Letter of Credit Facility (HCC Insurance Holdings Inc/De/)

Notification of Requirement to Deduct Tax. If, at any time, the a Relevant Borrower is required by law to make any deduction or withholding from any sum payable by it hereunder, hereunder or under the other Loan Documents (or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated), the such Relevant Borrower shall promptly notify the LenderAdministrative Agent.

Appears in 4 contracts

Samples: Revolving Syndicated Facility Agreement (Tronox LTD), Revolving Syndicated Facility Agreement (Tronox LTD), Revolving Syndicated Facility Agreement (Tronox LTD)

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Notification of Requirement to Deduct Tax. If, at any time, the Borrower is required by law to make any deduction or withholding from any sum payable by it hereunder, under the Loan Agreement (or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated), the Borrower shall promptly notify the LenderAgent.

Appears in 2 contracts

Samples: Term Loan Agreement, Term Loan Agreement

Notification of Requirement to Deduct Tax. If, at any time, the Borrower is required by law to make any deduction or withholding from any sum payable by it hereunder, under any of the Finance Documents (or if thereafter there is any change in the rates at which or the manner in which such deductions or withholdings are calculated), the Borrower shall promptly notify the LenderAgent, whereupon the Agent shall notify the Banks and the Trustee accordingly.

Appears in 1 contract

Samples: Revolving Loan Agreement (Teekay Shipping Corp)

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