Permitted Deductions. The Security Agent shall be entitled (a) to set aside by way of reserve amounts required to meet and (b) to make and pay, any deductions and withholdings (on account of Tax or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement, and to pay all Tax which may be assessed against it in respect of any of the Charged Property, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent under any of the Finance Documents or otherwise (except in connection with its remuneration for performing its duties under this Agreement).
Appears in 14 contracts
Samples: Facility Agreement (Bristow Group Inc.), Assignment Agreement (Bristow Group Inc.), Assignment Agreement (Bristow Group Inc.)
Permitted Deductions. The Security Agent shall be entitled entitled, in its discretion, (a) to set aside by way of reserve amounts required to meet and (b) to make and pay, any deductions and withholdings (on account of Tax taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement, and to pay all Tax Taxes which may be assessed against it in respect of any of the Charged Property, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent under any of the Finance Debt Documents or otherwise (except other than in connection with its remuneration for performing its duties under this Agreement).
Appears in 10 contracts
Samples: Intercreditor Agreement (Liberty Global PLC), Agreement (Liberty Global PLC), Agreement (Liberty Global PLC)
Permitted Deductions. The Facility Agent or (as applicable) the Security Agent shall be entitled entitled, in its discretion, (ai) to set aside by way of reserve amounts required to meet and (bii) to make and pay, any deductions and withholdings (on account of Tax taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement, and to pay all Tax which may be assessed against it in respect of any of the Charged Property, or as a consequence of performing its duties, or by virtue of its capacity as Facility Agent or (as applicable) the Security Agent under any of the Finance Guaranteed Documents or otherwise (except other than in connection with its remuneration for performing its duties under this Agreementthe Guaranteed Documents).
Appears in 6 contracts
Samples: Guaranty Agreement, Guaranty Agreement, Guaranty Agreement (Hanover Insurance Group, Inc.)
Permitted Deductions. The Security Agent shall be entitled entitled, in its discretion, to (a) to set aside by way of reserve amounts required to meet and (b) to make and pay, any deductions and withholdings (on account of Tax taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement, and to pay all Tax Taxes which may be assessed against it in respect of any of the Charged Property, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent under any of the Finance Debt Documents or otherwise (except other than in connection with its remuneration for performing its duties under this Agreement).
Appears in 4 contracts
Samples: Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD), Intercreditor Agreement (Paysafe LTD)
Permitted Deductions. The Security Agent shall be entitled entitled, in its discretion, (a) to set aside by way of reserve amounts required to meet and (b) to make and pay, any deductions and withholdings (on account of Tax taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement, and to pay all Tax Taxes which may be assessed against it in respect of any of the Charged Property, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent under any of the Finance Documents or otherwise (except other than in connection with its remuneration for performing its duties under this Agreement).
Appears in 3 contracts
Samples: Agreement (Hamilton Insurance Group, Ltd.), Assignment Agreement (Hamilton Insurance Group, Ltd.), Intercreditor Agreement (Kosmos Energy Ltd.)
Permitted Deductions. The Security Agent shall be entitled (a) to set aside by way of reserve amounts required to meet and (b) to make and pay, any deductions and withholdings (on account of Tax or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement, and to pay all Tax which may be assessed against it in respect of any of the Charged Property, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent under any of the Finance Documents or otherwise (except in connection with its remuneration for performing its duties under this Agreement).
Appears in 2 contracts
Samples: Agreement (Bristow Group Inc.), Search and Rescue (Bristow Group Inc.)
Permitted Deductions. The Security Agent shall be entitled (a) to set aside by way of reserve amounts required to meet and (b) to make and pay, any deductions and withholdings (on account of Tax Taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement, and to pay all Tax Taxes which may be assessed against it in respect of any of the Charged Property, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent under any of the Finance Transaction Documents or otherwise (except in connection with its remuneration for performing its duties under this Agreement)otherwise.
Appears in 2 contracts
Samples: Security Trust (SinoTech Energy LTD), Security Trust (SinoTech Energy LTD)
Permitted Deductions. The Security Agent shall be entitled (a) to set aside by way of reserve amounts required to meet and (b) to make and pay, any deductions and withholdings (on account of Tax taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement, and to pay all Tax taxes which may be assessed against it in respect of any of the Charged Property, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent under any of the Finance Documents or otherwise (except other than in connection with its remuneration for performing its duties under this Agreement).
Appears in 2 contracts
Samples: Facility Agreement (Spansion Inc.), Intercreditor Agreement (Aluminum Corp of China)
Permitted Deductions. The Security Agent shall be entitled may, in its discretion: (a) to set aside by way of reserve amounts required to meet meet, and (b) to make and pay, any deductions and withholdings (on account of Tax Taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement, ; and to (b) pay all Tax Taxes which may be assessed against it in respect of any of the Charged Security Property, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent under any of the Finance Documents or otherwise (except other than in connection with its remuneration for performing its duties under this Agreement).
Appears in 1 contract
Samples: Euronav NV
Permitted Deductions. The Security Agent shall be entitled (a) to set aside by way of reserve amounts required to meet and (b) to make and pay, any deductions and withholdings (on account of Tax or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement, and to pay all Tax which may be assessed against it in respect of any of the Charged PropertyShares, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent security agent under any of the Finance Documents or otherwise (except in connection with its remuneration for performing its duties under this Agreement).
Appears in 1 contract
Permitted Deductions. The Security Agent shall be entitled (a) to set aside by way of reserve amounts required to meet and (b) to make and pay, any deductions and withholdings (on account of Tax or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement, and to pay all Tax which may be assessed against it in respect of any of the Charged Secured Property, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent under any of the Finance Documents or otherwise (except in connection with its remuneration for performing its duties under this Agreement).
Appears in 1 contract
Samples: Hanarotelecom Inc