Common use of Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes Clause in Contracts

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Document shall to the extent permitted by Applicable Law be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires the Borrower to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law as determined by the Borrower upon the basis of the information and documentation to be delivered pursuant to subsection (d) below.

Appears in 5 contracts

Samples: Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (Mr. Cooper Group Inc.), Loan and Security Agreement (UWM Holdings Corp)

AutoNDA by SimpleDocs

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (ia) Any and all payments by or on account of any obligation of the Borrower Loan Parties hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable laws require the Borrower Loan Parties to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such laws as determined by the Borrower case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 4 contracts

Samples: Term Loan and Security Agreement (Southland Holdings, Inc.), Loan and Security Agreement (LIVE VENTURES Inc), Loan and Security Agreement (Ranger Energy Services, Inc.)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower any Loan Party hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires the Borrower applicable Laws require any Withholding Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by such Withholding Agent, as the Borrower case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 4 contracts

Samples: Credit and Guaranty Agreement (Actavis PLC), Credit and Guaranty Agreement (Actavis PLC), Term Loan Credit and Guaranty Agreement (Actavis PLC)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower or the Administrative Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 3 contracts

Samples: Credit Agreement (Republic Services, Inc.), Credit Agreement (Republic Services Inc), Credit Agreement (Republic Services Inc)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable laws require the Borrower or the Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such laws as determined by the Borrower or the Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 3 contracts

Samples: Credit Agreement (Liberty Property Limited Partnership), Credit Agreement (Liberty Property Limited Partnership), Credit Agreement (Boston Properties LTD Partnership)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower Company hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires If applicable Laws require the Borrower Company or the Administrative Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower Company or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 3 contracts

Samples: Credit Agreement (Sonic Automotive Inc), Credit Agreement (Sonic Automotive Inc), Credit Agreement (Sonic Automotive Inc)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law be made free and clear of and without reduction or withholding for any Taxes, except as required by applicable Laws. If, however, Applicable Law requires the If applicable Laws require Borrower or Administrative Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by Borrower or Administrative Agent, as the Borrower case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 3 contracts

Samples: Credit Agreement (American Realty Capital Trust IV, Inc.), Credit Agreement (American Realty Capital Properties, Inc.), Credit Agreement (American Realty Capital Trust III, Inc.)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower or the Administrative Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 2 contracts

Samples: Credit Agreement (Ingles Markets Inc), Intercreditor Agreement (Asbury Automotive Group Inc)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable applicable Law requires the Borrower to withhold deduction or deduct withholding of any TaxTax from any such payment by a Withholding Agent, such Tax then the applicable Withholding Agent shall be withheld entitled to make such deduction or deducted in accordance with Applicable Law as determined by the Borrower withholding, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 2 contracts

Samples: Credit Agreement (Western Refining Logistics, LP), Credit Agreement (Western Refining Logistics, LP)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable laws require the Borrower or the Lender to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such laws as determined by the Borrower or the Lender, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 2 contracts

Samples: Credit Agreement (Sanders Morris Harris Group Inc), Credit Agreement (Sanders Morris Harris Group Inc)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Indemnified Taxes. If, however, Applicable Law requires the applicable Laws require Borrower or Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by Borrower or Agent, as the Borrower case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 2 contracts

Samples: Credit Agreement (Quidel Corp /De/), Credit Agreement (Quidel Corp /De/)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 2 contracts

Samples: Credit Agreement (Corinthian Colleges Inc), Credit Agreement (Corinthian Colleges Inc)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (ia) Any and all payments by or on account of any obligation of the Borrower Loan Parties hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires the Borrower applicable laws require any Loan Party to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such laws as determined by the Borrower case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 2 contracts

Samples: Loan and Security Agreement (Olb Group, Inc.), Loan and Security Agreement (Excel Corp)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower Loan Parties hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable applicable Law requires the Borrower to withhold withholding or deduct deduction of any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by Borrower or Administrative Agent, as the Borrower case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Second Lien Credit Agreement (CardConnect Corp.)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) i. Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower or the Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower or the Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Year Credit Agreement (Arizona Public Service Co)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower Loan Parties hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower Loan Parties to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower Agent or the Lender, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (df) below.

Appears in 1 contract

Samples: Credit and Security Agreement (FreightCar America, Inc.)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i1) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires the applicable Laws require Borrower or Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by Borrower or Agent, as the Borrower case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Credit Agreement (Flow International Corp)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower Loan Parties hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower Loan Parties to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower Agent or the Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (d) below.

Appears in 1 contract

Samples: Credit and Security Agreement (Katy Industries Inc)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower Loan Parties hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower Loan Parties to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower Agent or the Lender, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (d) below.

Appears in 1 contract

Samples: Credit and Security Agreement (Katy Industries Inc)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower or the Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such laws as determined by the Borrower or the Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Credit Agreement (Liberty Property Limited Partnership)

AutoNDA by SimpleDocs

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.. A/74396737.7

Appears in 1 contract

Samples: Senior Subordinated Loan Agreement (Dynamics Research Corp)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower Company hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower Company or the Administrative Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower Company or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Credit Agreement (Starbucks Corp)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower Borrower, any Guarantor or the Administrative Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law as determined by the Borrower such Laws upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Credit Agreement (Holly Corp)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower or Lender to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower or Lender, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Credit Agreement (Lydall Inc /De/)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower Company hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law be made free and clear of and without reduction deduction or withholding for any Taxes. If; provided, however, Applicable Law requires that if applicable Laws require the Borrower Company or the Administrative Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower Company or the Administrative Agent, as the case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Credit Agreement (Mattel Inc /De/)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Document the Notes shall to the extent permitted by Applicable Law applicable laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable laws require the Borrower Withholding Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such laws as determined by the Borrower Withholding Agent upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Term Loan Credit Agreement (Verizon Communications Inc)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Document this Agreement shall to the extent permitted by Applicable Law be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires the Borrower or Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with such Applicable Law as determined by Borrower or Agent, as the Borrower case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (d) below.

Appears in 1 contract

Samples: Assignment Agreement (Nektar Therapeutics)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the any Borrower Parties hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law be made free and clear of and without reduction deduction or withholding for any Taxes, except as required by applicable Laws. If, however, Applicable If any applicable Law requires the Borrower to withhold deduction or deduct withholding of any TaxTax from any such payment by a Withholding Agent, such Tax then the applicable Withholding Agent shall be withheld entitled to make such deduction or deducted in accordance with Applicable Law as determined by the Borrower withholding, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Revolving Credit Agreement (TCW Direct Lending LLC)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires the applicable Laws require Borrower or Bank to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by Borrower or Bank, as the Borrower case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Credit Agreement (Usana Health Sciences Inc)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Credit Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined in good faith by the Borrower upon the basis of Borrower, taking into account the information and documentation to be delivered pursuant to subsection (d) below.

Appears in 1 contract

Samples: Letter of Credit Facility Agreement (Arch Capital Group Ltd.)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (ia) Any and all payments by or on account of any obligation of the Borrower Loan Parties hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires Laws require the Borrower Loan Parties to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such laws as determined by the Borrower case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Loan and Security Agreement (R F Industries LTD)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires the applicable Laws require Borrower or Agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by Borrower or Agent, as the Borrower case may be, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Credit Agreement (Flow International Corp)

Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes. (i) Any and all payments by or on account of any obligation of the Borrower any Loan Party hereunder or under any other Facility Loan Document shall to the extent permitted by Applicable Law applicable Laws be made free and clear of and without reduction or withholding for any Taxes. If, however, Applicable Law requires applicable Laws require the Borrower applicable withholding agent to withhold or deduct any Tax, such Tax shall be withheld or deducted in accordance with Applicable Law such Laws as determined by the Borrower applicable withholding agent, upon the basis of the information and documentation to be delivered pursuant to subsection (de) below.

Appears in 1 contract

Samples: Credit Agreement (AOL Inc.)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!