Payment Free and Clear of Taxes. Any and all payments by or on account of any obligation of any Guarantor hereunder shall be made free and clear of, and without deduction for, any tax of any kind or nature (or, as the case may be, shall be grossed up accordingly).
Appears in 2 contracts
Samples: Guarantee and Collateral Agreement (J P Morgan Chase & Co), Guarantee and Collateral Agreement (Bear Stearns Companies Inc)
Payment Free and Clear of Taxes. Any and all payments by or on account of any obligation of any Guarantor hereunder or under any other Loan Document shall be made free and clear of, and without deduction for, any tax Indemnified Taxes or Other Taxes on the same terms and to the same extent that payments by the Borrower and Holdings are required to be made pursuant to the terms of any kind or nature (or, as the case may be, shall be grossed up accordingly)Section 2.17.
Appears in 1 contract
Samples: Possession Credit Agreement (Verso Paper Holdings LLC)
Payment Free and Clear of Taxes. Any and all payments by or on account of any obligation of any Guarantor hereunder or under any other Loan Document shall be made free and clear of, and without deduction for, any tax Indemnified Taxes or Other Taxes on the same terms and to the same extent that payments by the Borrower and Holdings are required to be made pursuant to the terms of any kind or nature (or, as the case may be, shall be grossed up accordingly).Section 2.17
Appears in 1 contract
Payment Free and Clear of Taxes. Any and all payments by or on account of any obligation of any Guarantor hereunder or under any other Loan Document shall be made free and clear of, and without deduction for, any tax Indemnified Taxes or Other Taxes on the same terms and to the same extent that payments by the Borrower are required to be made pursuant to the terms of any kind or nature (or, as the case may be, shall be grossed up accordingly).Section 2.17
Appears in 1 contract
Samples: Guarantee Agreement
