Common use of Payments Without Deductions Clause in Contracts

Payments Without Deductions. The Borrower agrees to pay the Loans of each Finance Party in principal, interest, fees and accessories, free and clear of and without deduction or withholding for (i) any and all present and future Taxes (but excluding, however, Taxes imposed upon such Finance Party (any such Finance Party shall be referred to herein as a “Taxed Party”) by the jurisdiction and political subdivision in which it or its relevant lending office may be located or under the Laws of which it may have been constituted) that may be imposed from time to time by any jurisdiction (including any jurisdiction from which payment is made) in connection with any amount required to be paid to such Finance Party pursuant to this Agreement or by any jurisdiction with respect to the preparation, execution, CREDIT AGREEMENT – PAGE 35 delivery, registration, performance, amendment or enforcement of this Agreement (all of the foregoing, other than the excluded items shall be collectively referred to herein as the “Local Taxes”), and (ii) any and all present and future Taxes that may be imposed from time to time by any jurisdiction with respect to the payment by the Borrower of or the reimbursement by the Borrower for any Local Taxes (all of the foregoing listed in clauses (i) and (ii) other than the excluded items shall be collectively referred to herein as the “Indemnified Taxes”). In the event that any Taxed Party shall have paid any Indemnified Taxes, which under the terms of this Section 16.1, the Borrower is obliged to pay, the Borrower covenants and agrees to reimburse, upon demand, such Taxed Party on an after-tax-basis as contemplated in Section 16.2 for the amount of any such Indemnified Taxes so paid by the latter, with interest on such amount as contemplated in this Agreement, and any such reimbursement paid by the Borrower shall benefit from and be subject to the provisions of this Section 16.1 and Section 16.2.

Payments Without Deductions. The Borrower agrees Borrowers solidarily agree to pay the Loans of each Finance Party in principal, interest, fees and accessories, free and clear of and without deduction or withholding for (i) any and all present and future Taxes (but excluding, however, Taxes imposed upon such Finance Party (any such Finance Party shall be referred to herein as a “Taxed Party”) by the jurisdiction and political subdivision in which it or its relevant lending office may be located or under the Laws of which it may have been constituted) that may be imposed from time to time by any jurisdiction (including any jurisdiction from which payment is made) in connection with any amount required to be paid to such Finance Party pursuant to this Agreement or by any jurisdiction with respect to the preparation, execution, CREDIT AGREEMENT – PAGE 35 delivery, registration, performance, amendment or enforcement of this Agreement (all of the foregoing, other than the excluded items shall be collectively referred to herein as the “Local Taxes”), and (ii) any and all present and future Taxes that may be imposed from time to time by any jurisdiction with respect to the payment by the Borrower Borrowers of or the reimbursement by the Borrower Borrowers for any Local Taxes (all of the foregoing listed in clauses (i) and (ii) other than the excluded items shall be collectively referred to herein as the “Indemnified Taxes”). In the event that any Taxed Party shall have paid any Indemnified Taxes, which under the terms of this Section 16.118.1, the Borrower is Borrowers are obliged to pay, the Borrower covenants Borrowers solidarily covenant and agrees agree to reimburse, upon demand, such Taxed Party on an after-tax-basis as contemplated in Section 16.2 18.2 for the amount of any such Indemnified Taxes so paid by the latter, with interest on such amount as contemplated in this Agreement, and any such reimbursement paid by the Borrower Borrowers shall benefit from and be subject to the provisions of this Section 16.1 18.1 and Section 16.218.2.

Payments Without Deductions. The Borrower Each of the Guarantors solidarily agrees to pay to the Loans of each Finance Party Guaranteed Parties the Guaranteed Obligations, in principal, interest, fees and accessories, free and clear of and without deduction or withholding for (iy) any and all present and future Taxes ([but excluding, excluding however, Taxes imposed upon such Finance any Guaranteed Party (any such Finance Guaranteed Party shall be referred to herein as a “Taxed Party”) by the jurisdiction and political subdivision in which it or its relevant lending office may be located or under the Laws of which it may have been constituted) ] that may be imposed from time to time by any jurisdiction (including any jurisdiction from which payment is made) in connection with any amount required to be paid to such Finance Taxed Party pursuant to this Agreement or by any jurisdiction with respect to the preparation, execution, CREDIT AGREEMENT – PAGE 35 delivery, registration, performance, amendment or enforcement of this Agreement (all of the foregoing, other than the excluded items shall be collectively referred to herein as the “Local Taxes”), and (iiz) any and all present and future Taxes that may be imposed from time to time by any jurisdiction with respect to the payment by any of the Borrower Guarantors of or the reimbursement by any of the Borrower Guarantors for any Local Taxes (all of the foregoing listed in clauses (iy) and (ii) z), other than the excluded items items, shall be collectively referred to herein as the “Indemnified Taxes”). In the event that any Taxed Party shall have paid any Indemnified TaxesTaxes which, which under the terms of this Section 16.16.1, the Borrower Guarantors or any one thereof is obliged to pay, each of the Borrower Guarantors covenants and agrees to reimburse, upon demand, such Taxed Party on an after-tax-basis as contemplated in Section 16.2 6.2 for the amount of any such Indemnified Taxes so paid by the latter, with interest on such amount as contemplated in this Agreement, and any such reimbursement paid by the Borrower any Guarantor shall benefit from and be subject to the provisions of this Section 16.1 6.1 and Section 16.26.2.

Payments Without Deductions. The Borrower agrees to pay the Loans of each Finance Party in principal, interest, fees and accessories, free and clear of and without deduction or withholding for (i) any and all present and future Taxes (but excluding, however, Taxes imposed upon such Finance Party (any such Finance Party shall be referred to herein as a “Taxed Party”) by the jurisdiction and political subdivision in which it or its relevant lending office may be located or under the Laws of which it may have been constituted) that may be imposed from time to time by any jurisdiction (including any jurisdiction from which payment is made) in connection with any amount required to be paid to such Finance Party pursuant to this Agreement or by any jurisdiction with respect to the preparation, execution, CREDIT AGREEMENT – PAGE 35 delivery, registration, performance, amendment or enforcement of this Agreement (all of the foregoing, other than the excluded items shall be collectively referred to herein as the “Local Taxes”), and (ii) any and all present and future Taxes that may be imposed from time to time by any jurisdiction with respect to the payment by the Borrower of or the reimbursement by the Borrower for any Local Taxes (all of the foregoing listed in clauses (i) and (ii) other than the excluded items shall be collectively referred to herein as the “Indemnified Taxes”). In the event that any Taxed Party shall have paid any Indemnified Taxes, which under the terms of this Section 16.1, the Borrower is obliged to pay, the Borrower covenants and agrees to reimburse, upon demand, such Taxed Party on an after-tax-basis as contemplated in Section 16.2 for the amount of any such Indemnified Taxes so paid by the latter, with interest on such amount as contemplated in this Agreement, and any such reimbursement paid by the Borrower shall benefit from and be subject to the provisions of this Section 16.1 and Section 16.2.

Payments Without Deductions. The Borrower Each of the Guarantors solidarily agrees to pay to the Loans of each Finance Party Guaranteed Parties the Guaranteed Obligations, in principal, interest, fees and accessories, free and clear of and without deduction or withholding for (iy) any and all present and future Taxes (but excluding, excluding however, Taxes imposed upon such Finance any Guaranteed Party (any such Finance Guaranteed Party shall be referred to herein as a “Taxed Party”) by the jurisdiction and political subdivision in which it or its relevant lending office may be located or under the Laws of which it may have been constituted) constituted that may be imposed from time to time by any jurisdiction (including any jurisdiction from which payment is made) in connection with any amount required to be paid to such Finance Taxed Party pursuant to this Agreement or by any jurisdiction with respect to the preparation, execution, CREDIT AGREEMENT – PAGE 35 delivery, registration, performance, amendment or enforcement of this Agreement (all of the foregoing, other than the excluded items shall be collectively referred to herein as the “Local Taxes”), and (iiz) any and all present and future Taxes that may be imposed from time to time by any jurisdiction with respect to the payment by any of the Borrower Guarantors of or the reimbursement by any of the Borrower Guarantors for any Local Taxes (all of the foregoing listed in clauses (iy) and (ii) z), other than the excluded items items, shall be collectively referred to herein as the “Indemnified Taxes”). In the event that any Taxed Party shall have paid any Indemnified TaxesTaxes which, which under the terms of this Section 16.16.1, the Borrower Guarantors or any one thereof is obliged to pay, each of the Borrower Guarantors covenants and agrees to reimburse, upon demand, such Taxed Party on an after-tax-basis as contemplated in Section 16.2 6.2 for the amount of any such Indemnified Taxes so paid by the latter, with interest on such amount as contemplated in this Agreement, and any such reimbursement paid by the Borrower any Guarantor shall benefit from and be subject to the provisions of this Section 16.1 6.1 and Section 16.26.2.

Payments Without Deductions. 18.1.1 The Borrower agrees Borrowers solidarily agree to pay the Loans of each Finance Party in principal, interest, fees and accessories, free and clear of and without deduction or withholding for (i) any and all present and future Taxes (but excluding, however, withholding taxes imposed under FATCA as well as Taxes imposed upon such Finance Party (any such Finance Party shall be referred to herein as a “Taxed Party”) by the jurisdiction and political subdivision in which it or its relevant lending office may be located or under the Laws of which it may have been constituted) that may be imposed from time to time by any jurisdiction (including any jurisdiction from which payment is made) in connection with any amount required to be paid to such Finance Party pursuant to this Agreement or by any jurisdiction with respect to the preparation, execution, CREDIT AGREEMENT – PAGE 35 delivery, registration, performance, amendment or enforcement of this Agreement (all of the foregoing, other than the excluded items shall be collectively referred to herein as the “Local Taxes”), and (ii) any and all present and future Taxes that may be imposed from time to time by any jurisdiction with respect to the payment by the Borrower Borrowers of or the reimbursement by the Borrower Borrowers for any Local Taxes (all of the foregoing listed in clauses (i) and (ii) other than the excluded items shall be collectively referred to herein as the “Indemnified Taxes”). In the event that any Taxed Party shall have paid any Indemnified Taxes, which under the terms of this Section 16.118.1, the Borrower is Borrowers are obliged to pay, the Borrower covenants Borrowers solidarily covenant and agrees agree to reimburse, upon demand, such Taxed Party on an after-tax-basis as contemplated in Section 16.2 18.2 for the amount of any such Indemnified Taxes so paid by the latter, with interest on such amount as contemplated in this Agreement, and any such reimbursement paid by the Borrower Borrowers shall benefit from and be subject to the provisions of this Section 16.1 18.1 and Section 16.218.2.