Common use of Payments Free and Clear of Taxes Clause in Contracts

Payments Free and Clear of Taxes. All payments required to be made by Guarantor hereunder shall be made to Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 5 contracts

Samples: Credit Agreement (Curative Health Services Inc), Guaranty Agreement (Reading International Inc), Guaranty (RBC Bearings INC)

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Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 4 contracts

Samples: Credit Agreement (Curative Health Services Inc), Credit Agreement (Brightpoint Inc), Guaranty (American Eco Corp)

Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section SECTION 6) Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section SECTION 6) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 3 contracts

Samples: Second Lien Guaranty (RadNet, Inc.), Second Lien Guaranty (Primedex Health Systems Inc), Guaranty (Primedex Health Systems Inc)

Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 2 contracts

Samples: Guaranty (Code Alarm Inc), Guaranty (Code Alarm Inc)

Payments Free and Clear of Taxes. All payments required to be made by Guarantor hereunder shall be made to Agent and Lenders Lender free and clear of, and without deduction for, any and all present and future Taxes. If Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 64) Agent or LendersLender, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, Guarantor shall furnish to Agent Lender the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 64) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 2 contracts

Samples: Guaranty (Biodelivery Sciences International Inc), Guaranty (Biodelivery Sciences International Inc)

Payments Free and Clear of Taxes. All payments required to be made by Guarantor hereunder shall be made to Agent and Lenders Lessor free and clear of, and without deduction for, any and all present and future Taxestaxes. If Guarantor shall be required by law to deduct any Taxes taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section SECTION 6) Agent or LendersLessor, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxestaxes, Guarantor shall furnish to Agent Lessor the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender Lessor for the full amount of Taxes taxes (including any Taxes taxes imposed by any jurisdiction on amounts payable under this Section SECTION 6) paid by Agent or such LenderLessor, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (Itc Deltacom Inc)

Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Administrative Agent and Lenders Revolver Secured Parties free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Administrative Agent or LendersRevolver Secured Parties, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Administrative Agent the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Administrative Agent and each Lender Revolver Secured Party for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Administrative Agent or such LenderRevolver Secured Party, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (Coffeyville Resources, Inc.)

Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6SECTION 5) Agent or Lenders, as applicable, receive an amount equal to the sum they GUARANTY would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6SECTION 5) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (Ddi Corp)

Payments Free and Clear of Taxes. All Any and all payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (Coyne International Enterprises Corp)

Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders Lender free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or Lenders), as applicable, receive Lender receives an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within Promptly upon written request but no later than thirty (30) days after the date of any payment of TaxesTaxes referred to in this Section 6, each applicable Guarantor shall (or shall cause Borrower Representative to) furnish to Agent Lender the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten fifteen (1015) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Agent or such Lender, as appropriate, Lender and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted. The obligations of each Guarantor under this Section 6 shall be subject to the provisions of Section 1.12(d) of the Loan Agreement.

Appears in 1 contract

Samples: Guaranty (Asta Funding Inc)

Payments Free and Clear of Taxes. All payments required to be made by Guarantor hereunder shall be made to Agent Agent, for the benefit of Co-Agents and Lenders Lenders, free and clear of, and without deduction for, any and all present and or future Taxes. If Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent Co-Agents or Lenders, as applicable, receive receives an amount equal to the sum they it would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) 30 days after the date of any payment of Taxes, Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Agent Agent, for the benefit of Co-Agents and each Lender Lenders, for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Agent Co-Agents or such LenderLenders, as appropriate, with respect to any sum payable by Guarantor to Agent under this Guaranty or any other Loan Document, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Continuing Guaranty (Western Digital Corp)

Payments Free and Clear of Taxes. All payments required to be made by Guarantor hereunder shall be made to Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If Guarantor shall be required by law to deduct any Taxes Taxes, other than Excluded Taxes, from or in respect of any sum payable hereunderpayment to Holder, (a) the sum payable amount of such payment shall be increased as much as shall be necessary so that after making Guarantor has made all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or LendersSECTION 5), as applicable, receive Holder receives an amount equal to the sum they it would have received had no such deductions, other than deductions for Excluded Taxes, been made, and (b) Guarantor shall make all such deductions, deductions and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other taxation authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, Guarantor shall furnish to Agent Holder the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefortherefore, pay Agent and each Lender Holder for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6SECTION 5) paid by Agent or such LenderHolder, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (Flag Telecom Group LTD)

Payments Free and Clear of Taxes. All Any and all payments required to be made by or on behalf of any Guarantor hereunder shall be made to Agent and Lenders made, in accordance with this Section 4, free and clear of, of and without deduction for, for any and all present and or future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunderhereunder to LLCP or the Company, (ai) the sum payable shall be increased as much as shall may be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or Lenders4.13), as applicable, receive LLCP receives an amount equal to the sum they it would have received had no such deductions been made, (bii) such Guarantor shall make such deductions, deductions and (ciii) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of TaxesUpon request by LLCP, each Guarantor shall furnish to Agent the original or a certified copy of LLCP a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed paid by such Guarantor pursuant to this Section 4.13 or, if no Taxes are payable with respect to any jurisdiction on amounts payable payments required to be made by such Guarantor hereunder, either a certificate from each appropriate taxing authority or an opinion of counsel acceptable to LLCP, in either case stating that such payment is exempt from or not subject to Taxes. If Taxes are paid by LLCP as a result of payments under this Section 6) paid by Agent or such LenderGuaranty, as appropriateeach Guarantor will, upon demand of LLCP, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were shall be correctly or legally asserted, indemnify LLCP for such payments, together with any interest, penalties, and expenses in connection therewith plus interest thereon at 14.50% per annum.

Appears in 1 contract

Samples: Investment Agreement (Levine Leichtman Capital Partners Ii Lp)

Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders Lender free and clear of, and without deduction for, any and all present and future federal, state and other taxes and all assessments, fees and other amounts (collectively, “Taxes”). If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 67) Agent or Lenders, as applicable, receive Lender receives an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Agent Lender the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 67) paid by Agent or such Lender, as appropriate, Lender and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Holding Company Guaranty (Ensign Group, Inc)

Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Term Agent and Lenders Term Secured Parties free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Term Agent or LendersTerm Secured Parties, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Term Agent the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Term Agent and each Lender Term Secured Party for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Term Agent or such LenderTerm Secured Party, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (Coffeyville Resources, Inc.)

Payments Free and Clear of Taxes. All payments required to be made by the Guarantor hereunder shall be made to Agent and Lenders the Lending Parties free and clear of, and without deduction for, any and all present and future TaxesCharges or other similar taxes. If Guarantor shall be required by law to deduct any Taxes Charges from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of TaxesCharges, the Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes Charges (including any Taxes Charges imposed by any jurisdiction on amounts payable under this Section 6) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes Charges were correctly or legally asserted.

Appears in 1 contract

Samples: Limited Guaranty Agreement (Innotrac Corp)

Payments Free and Clear of Taxes. All payments required to be made by any Guarantor hereunder shall be made to Agent and Lenders the Lender Group free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 622) the Agent or LendersLender, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) the Guarantor shall make such deductions, and (c) the Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, the Guarantor shall furnish to the Agent the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall agrees to indemnify and, within ten (10) days of demand therefor, pay to the Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 622) paid by the Agent or such Lender, as appropriateapplicable, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: General Continuing Guaranty (Securus Technologies, Inc.)

Payments Free and Clear of Taxes. All payments required to be made by Guarantor hereunder shall be made to Administrative Agent and Lenders free and clear of, and without deduction for, any and all present and future Indemnified Taxes and Other Taxes. If Guarantor shall be required by law to deduct any Indemnified Taxes and Other Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Administrative Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Indemnified Taxes and Other Taxes, Guarantor shall furnish to Administrative Agent the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Administrative Agent and each Lender for the full amount of Indemnified Taxes and Other Taxes (including any Indemnified Taxes and Other Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Administrative Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Indemnified Taxes and Other Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (RGC Resources Inc)

Payments Free and Clear of Taxes. All payments required to be made by Guarantor hereunder shall be made to Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 65) Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of after demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 65) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (St Cloud Capital Partners Lp)

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Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders the Lender free and clear of, and without deduction for, any and all present and future Taxestaxes. If any Guarantor shall be required by law to deduct any Taxes taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 65) Agent or Lenders, as applicable, the Lender receive an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxestaxes, each applicable Guarantor shall furnish to Agent the Lender the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Agent and each the Lender for the full amount of Taxes taxes (including any Taxes taxes imposed by any jurisdiction on amounts payable under this Section 65) paid by Agent or such Lender, as appropriate, the Lender and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Credit Agreement (iFresh Inc)

Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders for the ratable benefit of Holders free and clear of, and without deduction for, any and all present and future Taxes. If Guarantor shall be required by law to deduct taxes, withholdings, levies, duties, and other governmental charges ("TAXES"), excluding such income and franchise taxes of the United States and any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so political subdivision thereof that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or Lenders, as applicable, receive an amount equal Holders would otherwise have been payable by Agent or Holders if Borrower had paid the Secured Obligations to the sum they would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing Agent or other authority Holders in accordance with applicable lawthe terms of the Transaction Documents. Within thirty (30) days after the date of any payment of TaxesUpon request by Agent, each Guarantor shall furnish to Agent for the original or a certified copy ratable benefit of Holders a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed paid by such Guarantor pursuant to this SECTION 7 or, if no Taxes are payable with respect to any jurisdiction on amounts payable under this Section 6) payments required to be made by such Guarantor hereunder, either a certificate from each appropriate taxing authority or an opinion of counsel acceptable to Agent, in either case stating that such payment is exempt from or not subject to Taxes. If Taxes are paid by Agent or Holders such LenderGuarantor will, as appropriateupon demand of Agent or Holders, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were shall be correctly or legally asserted, indemnify Agent or Holders for such payments, together with any interest, penalties, and expenses in connection therewith plus interest thereon at the rate specified in the Purchase Agreement applicable to the Convertible Note Loan (calculated as if such payments constituted overdue amounts of principal as of the date of the making of such payments).

Appears in 1 contract

Samples: Guaranty (Brilliant Digital Entertainment Inc)

Payments Free and Clear of Taxes. All Any and all payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders Purchasers free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 65) Agent or LendersPurchasers, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender Purchaser for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 65) paid by Agent or such LenderPurchaser, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Subsidiary Guaranty (Tamandare Explorations Inc.)

Payments Free and Clear of Taxes. All payments required to be made by Guarantor hereunder shall be made to Agent and Lenders Lender free and clear of, and without deduction for, any and all present and future federal, state and other taxes and all assessments, fees and other amounts (collectively, “Taxes”). If Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 67) Agent or Lenders, as applicable, receive Lender receives an amount equal to the sum they it would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, Guarantor shall furnish to Agent Lender the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 67) paid by Agent or such Lender, as appropriate, Lender and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (Ensign Group, Inc)

Payments Free and Clear of Taxes. All payments required to be made by the Guarantor hereunder shall be made to Agent and Lenders the other Obligees free and clear of, and without deduction for, any and all present and future TaxesTaxes (excluding capital Taxes and Taxes imposed on or measured by the net income of the holder of a Note by the jurisdictions under the Laws of which such holder is organized or carries on business or any political subdivisions thereof). If the Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 65) Agent or Lendersand other Obligees, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) the Guarantor shall make such deductions, and (c) the Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable lawLaw. Within thirty (30) days after the date of any payment of Taxes, Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. The Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender other Obligee for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 65) paid by Agent or such LenderObligee, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (Navtech Inc)

Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 65) Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 65) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (Ddi Corp)

Payments Free and Clear of Taxes. All payments required to be made by Guarantor hereunder shall be made to Agent, for the benefit of Agent and Lenders Lenders, free and clear of, and without deduction for, any and all present and future Taxes. If Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or Lenders, as applicable, receive receives an amount equal to the sum they it would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) 30 days after the date of any payment of TaxesTaxes by Guarantor, Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Agent, for the benefit of Agent and each Lender Lenders, for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Agent or such LenderLenders, as appropriate, with respect to any sum payable by Guarantor to Agent under this Guaranty or any other Loan Document, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Continuing Guaranty (Uti Worldwide Inc)

Payments Free and Clear of Taxes. All payments required to be made by Guarantor hereunder shall be made to Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days Business Days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and reasonable expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (Precision Partners Inc)

Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6SECTION 5) Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6SECTION 5) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Guaranty (Ddi Corp)

Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders Lender free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 65) Agent or Lenders, as applicable, receive Lender receives an amount equal to the sum they it would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Agent Lender the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 65) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Letter of Agreement (Cellstar Corp)

Payments Free and Clear of Taxes. All payments required to be made by each Guarantor hereunder shall be made to Agent, Canadian Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent, Canadian Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Agent, Canadian Agent and each Lender for the full amount of Taxes paid by Agent, Canadian Agent or such Lender, as appropriate, on or with respect to any payment by or an account of any obligations of Guarantors hereunder (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.

Appears in 1 contract

Samples: Us Guaranty (Blount International Inc)

Payments Free and Clear of Taxes. (a) All payments required to be made by each Guarantor hereunder shall be made to Agent and Lenders free and clear of, and without deduction for, any and all present and future Taxes. If any Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) such Guarantor shall make such deductions, and (c) such Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, each applicable Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Each Guarantor shall jointly and severally indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted. (b) Notwithstanding anything to the contrary contained herein, this Section 6 is expressly made subject to Section 2.22 of the Credit Agreement. In the event of any conflict between this Section 6 and Section 2.22 of the Credit Agreement, Section 2.22 of the Credit Agreement shall govern and control.

Appears in 1 contract

Samples: Guaranty (Finlay Enterprises Inc /De)

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