Common use of Notification of Requirement to Deduct 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 3 contracts

Samples: Letter of Credit Facility Agreement (Ace LTD), Exhibit (Ace LTD), Letter of Credit Facility Agreement (Ace LTD)

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Notification of Requirement to Deduct. Tax TAX If, at any time, an any 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, promptly notify the Facility Agent upon becoming aware of the same, notify the Agent.

Appears in 3 contracts

Samples: Multicurrency Revolving Credit Agreement (Royal Ahold), Multicurrency Revolving Credit Agreement (Royal Ahold), Multicurrency Revolving Credit Agreement (Royal Ahold)

Notification of Requirement to Deduct. Tax TAX If, at any time, an Obligor any of the Obligors 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, promptly notify the Agent.

Appears in 2 contracts

Samples: Revolving Credit Facility Agreement (Vnu N V), Revolving Credit Facility Agreement (Niner Acquistion Inc)

Notification of Requirement to Deduct. Tax 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, promptly notify the Agent.

Appears in 2 contracts

Samples: Mezzanine Credit Agreement (Transworld Healthcare Inc), Multicurrency Revolving Credit Facility Agreement (Prologis Trust)

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, promptly notify the Agent.

Appears in 2 contracts

Samples: Term Loan Facilities Agreement (Dyckerhoff Aktiengesellschaft), Revolving Loan Agreement (Imc Global Inc)

Notification of Requirement to Deduct. Tax If, at any time, an Obligor either of the Obligors 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, promptly notify the Agent.

Appears in 2 contracts

Samples: Term Loan Agreement (Arco Chemical Co), Facility Agreement (Adt Limited)

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, promptly notify the Facility Agent.

Appears in 1 contract

Samples: Amendment Agreement (Jazztel PLC)

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Notification of Requirement to Deduct. Tax If, at any time, an any 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, 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)

Notification of Requirement to Deduct. Tax TAX If, at any time, an any Obligor is required by law to make any deduction or withholding from any sum payable by it hereunder under any Facility Document (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 1 contract

Samples: Facility Agreement (Primacom Ag)

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, promptly notify the Administrative Agent.

Appears in 1 contract

Samples: Multicurrency Revolving Loan Agreement (Gulfmark Offshore Inc)

Notification of Requirement to Deduct. Tax If, at any time, an Obligor any of the Obligors is required by law to make any deduction or withholding from any sum payable by it hereunder under any Finance Document (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 as soon as reasonably practicable after becoming aware of the same, notify the Facility Agent.

Appears in 1 contract

Samples: Revolving Credit Facility Agreement (Capital One Financial Corp)

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