Common use of Payments and Taxes Clause in Contracts

Payments and Taxes. All payments to be made by the Borrower to the Lender under this Agreement shall be made in United States Dollars, freely disposable outside of bilateral or multilateral payment agreements which may exist at the time of payment, free and clear of and without deduction of any taxes, levies, imposts, duties, charges, fees, deductions or withholdings of any nature, now or hereafter imposed by or on behalf of any taxing authority or any other entity. ASSIGNABILITY The Lender has the right to assign this Agreement to any party without the consent of the Borrower but it requires the consent of the Guarantor.

Appears in 3 contracts

Samples: Loan Agreement (Biomagnetic Technologies Inc), Loan Agreement (4-D Neuroimaging), Loan Agreement (4-D Neuroimaging)

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Payments and Taxes. All payments to be made by the Borrower to the Lender under this Agreement shall be made in United States Dollars, freely disposable outside of bilateral or multilateral payment agreements which may exist at the time of payment, free and clear of and without deduction of any taxes, levies, imposts, duties, charges, fees, deductions or withholdings of any nature, now or hereafter imposed by or on behalf of any taxing authority or any other entity. ASSIGNABILITY The Lender has the right to assign this Agreement to any party without the consent of the Borrower but it requires the consent of the Guarantor.

Appears in 1 contract

Samples: Loan Agreement (4-D Neuroimaging)

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