Common use of Tax Receipts Clause in Contracts

Tax Receipts. Subject to CLAUSE 18 (Enforcement and Subordination), all Taxes required by law to be deducted or withheld by Funding 1 from any amounts paid or payable under the Funding 1 Liquidity Documents shall be paid by Funding 1 no later than when due and Funding 1 shall, within 30 days of making either the deduction or withholding for or on account of any Tax or the payment in respect of such deduction or withholding, deliver to the Funding 1 Liquidity Facility Provider evidence satisfactory to the Funding 1 Liquidity Facility Provider (acting reasonably) (including all relevant Tax receipts) that the payment has been duly remitted to the appropriate authority.

Tax Receipts. Subject to CLAUSE Clause 18 (Enforcement and Subordination), all Taxes required by law to be deducted or withheld by Funding 1 from any amounts paid or payable under the Funding 1 Liquidity Documents shall be paid by Funding 1 no later than when due and Funding 1 shall, within 30 days of making either the deduction or withholding for or on account of any Tax or the payment in respect of such deduction or withholding, deliver to the Funding 1 Liquidity Facility Provider evidence satisfactory to the Funding 1 Liquidity Facility Provider (acting reasonably) (including all relevant Tax receipts) that the payment has been duly remitted to the appropriate authority.