Payment Free of Taxes. Any and all payments by any Obligor on account of any Obligations shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes; provided that if an Obligor or Administrative Agent shall be required by Applicable Law to deduct or withhold any Indemnified Taxes (including any Other Taxes) from such payments, then (a) the sum payable by the Obligor shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) each Lender or Issuing Bank, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made; (b) the Obligor or Administrative Agent shall make such deductions; and (c) the Obligor or Administrative Agent shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with Applicable Law. Without limiting the foregoing, Borrowers shall timely pay all Other Taxes to the relevant Governmental Authorities.
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Samples: Credit Agreement (Ryerson Inc.), Credit Agreement (J.M. Tull Metals Company, Inc.)
Payment Free of Taxes. Any and all payments by any Obligor or on account of any Obligor with respect to any Obligations shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes; provided that if an Obligor or Obligor, Administrative Agent or any other applicable withholding agent shall be required by Applicable Law to deduct or withhold any Indemnified Taxes (including in respect of any Other Taxes) from such payments, then (a) if such Tax is an Indemnified Tax or Other Tax, the sum payable by the Obligor shall be increased as necessary so that after making all required deductions have been made (including deductions applicable to additional sums payable under this SectionSection 5.9) each Lender or Issuing Bank, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made; (b) the Obligor or Obligor, Administrative Agent or other applicable withholding agent shall make such deductions; and (c) the Obligor or Obligor, Administrative Agent or other applicable withholding agent shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with Applicable Law. Without limiting the foregoing, Borrowers shall timely pay all Other Taxes to the relevant Governmental Authorities.
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Payment Free of Taxes. Any and all payments by any Obligor or on account of any Obligations obligation of the Borrower or Holdings hereunder or under any other Loan Document shall be made free and clear of and without reduction or withholding for any Indemnified Taxes or Other Taxes; , provided that if an Obligor the Borrower or Administrative Agent Holdings shall be required by Applicable Law applicable law to deduct or withhold any Indemnified Taxes (including any Other Taxes) from such payments, then (ai) the sum payable by the Obligor shall be increased as necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section) each the Administrative Agent, Lender or Issuing Bank, as the case may be, receives an amount equal to the sum it would have received had no such deductions been made; , (bii) the Obligor Borrower or Administrative Agent Holdings, as the case may be, shall make such deductions; deductions and (ciii) the Obligor Borrower or Administrative Agent Holdings, as the case may be, shall timely pay the full amount deducted to the relevant Governmental Authority in accordance with Applicable Law. Without limiting the foregoing, Borrowers shall timely pay all Other Taxes to the relevant Governmental Authoritiesapplicable law.
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