Common use of TAXATION ON PAYMENTS Clause in Contracts

TAXATION ON PAYMENTS. All payments made by the Borrower to the Bank will be made free and clear of all present and future taxes (excluding the Bank’s income taxes), withholdings or deductions of whatever nature. If these taxes, withholdings or deductions are required by applicable law and are made, the Borrower, shall, as a separate and independent obligation, pay to the Bank all additional amounts as shall fully indemnify the Bank from any such taxes, withholdings or deductions.

Appears in 3 contracts

Samples: BBX Capital Florida LLC, American Apparel, Inc, Stockeryale Inc

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TAXATION ON PAYMENTS. All payments made by the Borrower to the Bank will be made free and clear of all present and future taxes (excluding the Bank’s 's income taxes), withholdings or deductions of whatever nature. If these taxes, withholdings or deductions are required by applicable law and are made, the Borrower, shall, as a separate and independent obligation, pay to the Bank all additional amounts as shall fully indemnify the Bank from any such taxes, withholdings or deductions.

Appears in 2 contracts

Samples: Franklin Covey Co, Daisytek International Corporation /De/

TAXATION ON PAYMENTS. All payments made by the Borrower to the Bank will be made free and clear of all present and future taxes (excluding the Bank’s 's income taxes), withholdings or deductions of whatever nature. If these taxes, withholdings or deductions are required by applicable law and are made, the Borrower, shall, as a separate and independent obligation, pay to the Bank all additional amounts as shall fully indemnify the Bank from any such taxes, withholdings or deductions.. 

Appears in 1 contract

Samples: BBX Capital, Inc.

TAXATION ON PAYMENTS. All payments made by the Borrower to the Bank will be made free and clear of all present and future taxes (excluding the Bank’s 's income taxes), withholdings or deductions of whatever nature. If these taxes, withholdings or deductions are required by applicable law and are made, the Borrower, Borrower shall, as a separate and independent obligation, pay to the Bank all additional amounts as shall fully indemnify the Bank from any such taxes, withholdings or deductions.

Appears in 1 contract

Samples: Agreement (Response Biomedical Corp)

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TAXATION ON PAYMENTS. All payments made by the Borrower to the Bank will be made free and clear of all present and future taxes (excluding the Bank’s 's income taxes), withholdings or deductions of whatever nature. If these taxes, withholdings or deductions are required by applicable law and are made, the Borrower, shall, shall as a separate and independent obligation, pay to the Bank all additional amounts as shall fully indemnify the Bank from any such taxes, withholdings or deductions.

Appears in 1 contract

Samples: Alfa Utility Services Inc

TAXATION ON PAYMENTS. All payments made by the Borrower to the Bank will be made free and clear of all present and future taxes (excluding the Bank’s 's income taxes), withholdings or deductions of whatever nature. If these taxes, withholdings or deductions are required by applicable law and are made, the Borrower, The Borrower shall, as a separate and independent obligation, pay to the Bank all additional amounts as shall fully indemnify the Bank from any such taxes, withholdings or deductions.

Appears in 1 contract

Samples: Agreement (Childrens Place Retail Stores Inc)

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