Common use of Stamp and other duties Clause in Contracts

Stamp and other duties. The Borrowers must pay all stamp, documentary, registration or other like duties or taxes, but excluding any FATCA Deduction (except for any such Taxes incurred in connection with any transfer, assignment or sub-participation of any of the rights and/or obligations of the Lender under any of the Security Documents) (including any duties or taxes payable by the Lender) imposed on or in connection with any of the Underlying Documents, the Security Documents or the Loan and agree to indemnify the Lender against any liability arising by reason of any delay or omission by the Borrowers to pay such duties or taxes.

Appears in 2 contracts

Samples: Facility Agreement (Euroseas Ltd.), Facility Agreement (EuroDry Ltd.)

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Stamp and other duties. The Borrowers Borrower must pay all stamp, documentary, registration or other like duties or taxes, but excluding any FATCA Deduction (except for any such Taxes incurred in connection with any transfer, assignment or sub-participation of any of the rights and/or obligations of the Lender under any of the Security Documents) (including any duties or taxes payable by the Lender) imposed on or in connection with any of the Underlying Documents, the Security Documents or the Loan and agree to indemnify the Lender against any liability arising by reason of any delay or omission by the Borrowers Borrower to pay such duties or taxes.

Appears in 2 contracts

Samples: Loan Agreement (EuroDry Ltd.), Facility Agreement (Euroseas Ltd.)

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Stamp and other duties. The Borrowers Borrower must pay all stamp, documentary, registration or other like duties or taxes, taxes (including any duties or taxes payable by the Lender) but excluding any FATCA Deduction (except for and excluding further any such Taxes incurred in connection with any transfer, assignment or sub-participation of any of the rights and/or obligations of the Lender under any of the Security Documents) (including any duties or taxes payable by the Lender) , imposed on or in connection with any of the Underlying Documents, the Security Documents or the Loan and agree to indemnify the Lender against any liability arising by reason of any delay or omission by the Borrowers Borrower to pay such duties or taxes.

Appears in 1 contract

Samples: Loan Agreement (Pyxis Tankers Inc.)

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