Common use of Payments Taxes Clause in Contracts

Payments Taxes. All payments to be made by the Borrower under this Agreement shall be made free and clear of and without deduction for or on account of any taxes, duties, levies or imposts (“Tax” or “Taxes”) unless the Borrower is compelled by law to make payment subject to such Taxes. If any Taxes or amounts in respect thereof must be deducted from any amounts payable or paid by the Borrower, the Borrower shall pay such additional amounts as may be necessary to ensure that the Bank receives a net amount equal to the full amount which it would have received had payment not been made subject to such Taxes. All Taxes in respect of this Agreement and any amounts paid or payable hereunder shall be paid by the Borrower when due and in any event prior to the date on which penalties attach thereto. As soon as possible, in any event within 30 days, after each payment by the Borrower hereunder of Tax or in respect of Taxes, the Borrower shall deliver to the Bank evidence (including all relevant Tax receipts) that such Tax has been duly remitted to the appropriate authority.

Payments Taxes. 6.1 All payments to be made by the Borrower Borrowers under this Agreement shall be made free and clear of and without deduction for or on account of any taxes, duties, levies or imposts (“Tax” or “Taxes”) unless the Borrower is Borrowers are compelled by law to make payment subject to such Taxes. If any Taxes or amounts in respect thereof must be deducted from any amounts payable or paid by the BorrowerBorrowers, the Borrower Borrowers shall pay such additional amounts as may be necessary to ensure that the Bank receives a net amount equal to the full amount which it would have received had payment not been made subject to such Taxes. All Taxes in respect of this Agreement and any amounts paid or payable hereunder shall be paid by the Borrower Borrowers when due and in any event prior to the date on which penalties attach thereto. As soon as possible, in any event within 30 days, after each payment by the Borrower Borrowers hereunder of Tax or in respect of Taxes, the Borrower Borrowers shall deliver to the Bank evidence (including all relevant Tax receipts) that such Tax has been duly remitted to the appropriate authority.