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

Notification of Requirement to Deduct Tax. If, at any time, an Obligor 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), such Obligor shall promptly, upon becoming aware of the same, notify the Agent.

Appears in 7 contracts

Samples: Letter of Credit Facility and Reimbursement Agreement (Xl Capital LTD), Letter of Credit Facility and Reimbursement Agreement (Xl Capital LTD), Letter of Credit Facility and Reimbursement Agreement (Xl Capital LTD)

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Notification of Requirement to Deduct Tax. If, at any time, an Obligor is required by Law 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), such Obligor shall promptly, upon becoming aware of the same, notify the Agent.

Appears in 6 contracts

Samples: Exhibit Agreement (Ace LTD), Credit Agreement (Ace LTD), Credit Agreement (Ace LTD)

Notification of Requirement to Deduct Tax. If, at any time, an Obligor is required by Law 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), such Obligor shall promptly, upon becoming aware of the same, promptly notify the Agent.

Appears in 4 contracts

Samples: Facility Agreement (Kronos Worldwide Inc), Third Amendment Agreement (Kronos International Inc), Fifth Amendment Agreement (Kronos International Inc)

Notification of Requirement to Deduct Tax. If, at any time, an Obligor is required by Law 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), such Obligor shall promptly, upon becoming aware of the same, promptly notify the Facility Agent.

Appears in 2 contracts

Samples: Credit Agreement (Comple Tel LLC), Credit Agreement (Comple Tel Europe Nv)

Notification of Requirement to Deduct Tax. If, at any time, an Obligor is required by Law law to make any deduction or withholding 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), such Obligor shall promptly, upon becoming aware of the same, promptly notify the Agent.

Appears in 2 contracts

Samples: Facility Agreement (Kronos International Inc), Facility Agreement (Kronos International Inc)

Notification of Requirement to Deduct Tax. If, at any time, an Obligor is required by Law 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), such Obligor shall promptly, upon becoming aware of the same, promptly notify the Facility Agent.

Appears in 1 contract

Samples: Loan Agreement (Getronics N V)

Notification of Requirement to Deduct Tax. If, at any time, an Obligor is required by Law 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), such Obligor shall promptly, upon becoming notify the Bank thereof as soon as reasonably practicable after it becomes aware of the same, notify the Agent.

Appears in 1 contract

Samples: Multicurrency Term Facility Agreement (London Pacific Group LTD)

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Notification of Requirement to Deduct Tax. If, at any time, an Obligor is required by Law 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), such that Obligor shall promptlyshall, upon within three days of becoming aware of the samerequirement to deduct or withhold, notify the Agent.

Appears in 1 contract

Samples: Sustainability Linked Revolving Credit Facility Agreement (ICL Group Ltd.)

Notification of Requirement to Deduct Tax. If, at any time, an Obligor is required by Law 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), such Obligor shall promptly, upon becoming aware of the same, promptly notify the Administrative Agent.

Appears in 1 contract

Samples: Credit Facility Agreement (Teekay Shipping Corp)

Notification of Requirement to Deduct Tax. If, at any time, an any Obligor is required by Law 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), such Obligor shall promptly, promptly notify the Facility Agent upon becoming aware of the same, notify the Agent.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Royal Ahold)

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