Common use of Payroll Taxes Clause in Contracts

Payroll Taxes. No Company may directly or indirectly use any proceeds of any Borrowing (a) for any purpose other than as represented in this agreement, or (b) for the payment of wages of employees unless a timely payment to or deposit with the United States of America of all amounts of Tax required to be deducted and withheld with respect to such wages is also made.

Payroll Taxes. No Company may directly or indirectly use any proceeds of any Borrowing (ai) for any purpose other than as represented in this agreement, or (bii) for the payment of wages of employees unless a timely payment to or deposit with the United States of America of all amounts of Tax required to be deducted and withheld with respect to such wages is also made.

Payroll Taxes. No Company may directly or indirectly use any proceeds of any the Borrowing (a) for any purpose other than as represented in this agreement, or (b) for to pay the payment of wages of employees unless a timely payment to or deposit with the United States of America of all amounts of Tax required to be deducted and withheld with respect to such wages is also made.

Payroll Taxes. No Company may directly or indirectly use any proceeds of any Borrowing (ai) for any purpose other than as represented in this agreementAgreement, or (bii) for the payment of wages of employees unless a timely payment to or deposit with the United States of America of all amounts of Tax required to be deducted and withheld with respect to such wages is also made.. AMENDED AND RESTATED CREDIT AGREEMENT AMERICAN NATIONAL BANK Page 53 ULTRAK OPERATING, L.P.