Common use of Permitted Deductions Clause in Contracts

Permitted Deductions. The Security Agent may, in its discretion: (a) set aside by way of reserve amounts required to meet, and to make and pay, any deductions and withholdings (on account of 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 (b) pay all Taxes which may be assessed against it in respect of any of the 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 20 contracts

Samples: Facility Agreement (Navios Maritime Partners L.P.), Term Loan Facility (Okeanis Eco Tankers Corp.), Facility Agreement (Euroseas Ltd.)

AutoNDA by SimpleDocs

Permitted Deductions. The Security Agent may, in its discretion: shall be entitled (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 Taxes 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 (b) , and to pay all Taxes Tax which may be assessed against it in respect of any of the Security 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 (other than except in connection with its remuneration for performing its duties under this Agreement).

Appears in 14 contracts

Samples: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.)

Permitted Deductions. The Security Agent may, in its discretion: shall be entitled (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 Taxes or otherwise) which it is or may be required by any applicable law or regulation to make from any distribution or payment made by it under this Agreement; and (b) , and to pay all Taxes which may be assessed against it in respect of any of the Security Charged Property, or as a consequence of performing its dutiesduties or exercising its rights, powers, authorities and discretions, or by virtue of its capacity as Security Agent under any of the Finance Documents or otherwise (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 11 contracts

Samples: Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.), Loan Agreement (Norwegian Cruise Line Holdings Ltd.)

Permitted Deductions. The Security Agent mayshall be entitled, 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 Taxes 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 (b) , and to pay all Taxes which may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 10 contracts

Samples: Senior Facilities Agreement (Liberty Global PLC), Additional Facility T Accession Deed (Liberty Global PLC), Additional Facility Accession Deed (Liberty Global PLC)

Permitted Deductions. The Security Agent mayshall be entitled, in its discretion: (a) to set aside by way of reserve amounts required to meet, and to make and pay, any deductions and withholdings (on account of Taxes 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 (b) to pay all Taxes which may be assessed against it in respect of any of the Security PropertyAssets, 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 7 contracts

Samples: Amendment and Restatement Agreement (Cboe Global Markets, Inc.), Facility Agreement (Advanced Technology (Cayman) LTD), Amendment and Restatement Agreement (Cboe Global Markets, Inc.)

Permitted Deductions. The Facility Agent or (as applicable) the Security Agent mayshall be entitled, in its discretion: , (ai) to set aside by way of reserve amounts required to meet, meet and (ii) to make and pay, any deductions and withholdings (on account of Taxes 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 (b) pay all Taxes which may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this Agreementthe Guaranteed Documents).

Appears in 6 contracts

Samples: Guaranty Agreement, Guaranty, Guaranty (Hanover Insurance Group, Inc.)

Permitted Deductions. The Security Agent mayshall be entitled, in its discretion: (a) to set aside by way of reserve amounts required to meet, and to make and pay, any deductions and withholdings (on account of Taxes 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 (b) to pay all Taxes which may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 4 contracts

Samples: Loan Agreement (PCGI Intermediate Holdings LTD), Facility Agreement (PCGI Intermediate Holdings LTD), Facility Agreement (PCGI Intermediate Holdings LTD)

Permitted Deductions. The Security Agent mayshall be entitled, in its discretion: , to (a) set aside by way of reserve amounts required to meet, meet and to (b) make and pay, any deductions and withholdings (on account of Taxes 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 (b) , and to pay all Taxes which may be assessed against it in respect of any of the Security 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 (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 mayshall be entitled, 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 Taxes 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 (b) , and to pay all Taxes which may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 3 contracts

Samples: Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.), Amendment and Restatement Agreement (Hamilton Insurance Group, Ltd.), Intercreditor Agreement (Kosmos Energy Ltd.)

Permitted Deductions. The Security Agent mayshall be entitled, 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 Taxes taxes or otherwise) which it is or may be required by any applicable law or regulations to make from any distribution or payment made by it under this Agreement; and (b) , and to pay all Taxes Taxes, fees and expenses which may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 2 contracts

Samples: Intercreditor Agreement (Nord Anglia Education, Inc.), Intercreditor Agreement (Nord Anglia Education, Inc.)

Permitted Deductions. The Security Agent may, in its discretion: shall be entitled (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 Taxes 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 (b) , and to pay all Taxes Tax which may be assessed against it in respect of any of the Security 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 (other than except in connection with its remuneration for performing its duties under this Agreement).

Appears in 2 contracts

Samples: Facility Agreement (Bristow Group Inc.), Facility Agreement (Bristow Group Inc.)

Permitted Deductions. The Security Agent may, in its discretion: shall be entitled (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 Taxes 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 (b) , and to pay all Taxes taxes which may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 2 contracts

Samples: Intercreditor Agreement (Aluminum Corp of China), Senior Facility Agreement (Spansion Inc.)

Permitted Deductions. The Security Agent may, in its discretion: (a) set aside by way of reserve amounts required to meet, and to make and pay, any deductions and withholdings (on account of 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 (b) pay all Taxes which may be assessed against it in respect of any of the assets subject to a Security Propertyunder the Security Documents, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent Agent, under any of the Finance Documents or otherwise (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 1 contract

Samples: Facility Agreement (IHS Holding LTD)

Permitted Deductions. The Security Agent may, in its discretion: : (a) set aside by way of reserve amounts required to meet, and to make and pay, any deductions and withholdings (on account of 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 and (b) pay all Taxes which may be assessed against it in respect of any of the 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 1 contract

Samples: Facilities Agreement (Euronav NV)

Permitted Deductions. The Security Agent mayshall be entitled, in its discretion: (a) 29.5.1 to set aside by way of reserve amounts required to meet, and to make and pay, any deductions and withholdings (on account of Taxes 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 (b) 29.5.2 to pay all Taxes which may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 1 contract

Samples: Facilities Agreement (Elbit Imaging LTD)

AutoNDA by SimpleDocs

Permitted Deductions. The Security Agent mayshall be entitled, 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 Taxes 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 (b) agreement, and to pay all Taxes which may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this Agreementagreement).

Appears in 1 contract

Samples: Amendment and Restatement Agreement (Hanover Insurance Group, Inc.)

Permitted Deductions. The Security Agent may, in its discretion: shall be entitled (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 Taxes 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 (b) , and to pay all Taxes Tax which may be assessed against it in respect of any of the Security 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 (other than except in connection with its remuneration for performing its duties under this Agreement).

Appears in 1 contract

Samples: Loan Agreement (Hanarotelecom Inc)

Permitted Deductions. The Security Agent may, in its discretion: shall be entitled (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 Taxes 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 (b) , and to pay all Taxes Tax which may be assessed against it in respect of any of the Security PropertyCharged Shares, 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 (other than except in connection with its remuneration for performing its duties under this Agreement).

Appears in 1 contract

Samples: Secured Facility Agreement (SBS Broadcasting S A)

Permitted Deductions. β€Œ The Security Agent mayshall be entitled, 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 Taxes 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 (b) , and to pay all Taxes which may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 1 contract

Samples: Intercreditor Agreement

Permitted Deductions. The Security Agent mayshall be 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 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 (b) , and to pay all Taxes which may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 1 contract

Samples: Indenture (Amc Entertainment Holdings, Inc.)

Permitted Deductions. The Security Agent mayshall be entitled, 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 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 (b) , and to pay all Taxes which may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 1 contract

Samples: Intercreditor Agreement

Permitted Deductions. The Security Agent mayshall be entitled, 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 Taxes 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 (b) Deed, and to pay all Taxes which may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this AgreementDeed).

Appears in 1 contract

Samples: Loan Note Agreement (Weather Investments II S.a.r.l.)

Permitted Deductions. The Security Agent mayshall be 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 Taxes or otherwise) which that it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement; and (b) , and to pay all Taxes which that may be assessed against it in respect of any of the Security 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 1 contract

Samples: Intercreditor Agreement (Home Inns & Hotels Management Inc.)

Permitted Deductions. The Each Security Agent mayshall be entitled, in its discretion: (a) to set aside by way of reserve amounts required to meet, and to make and pay, any deductions and withholdings (on account of Taxes 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 (b) to pay all Taxes which may be assessed against it in respect of any of the Security PropertyAssets, 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 (other than in connection with its remuneration for performing its duties under this Agreement).

Appears in 1 contract

Samples: Secured Facility Agreement (Amkor Technology, Inc.)

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