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: Credit Facility Agreement (BBX Capital Florida LLC), Credit Facility Agreement (Stockeryale Inc), Credit Facility Agreement (American Apparel, 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, 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: Credit Facility Agreement (Franklin Covey Co), Credit Facility Agreement (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, 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: Demand Operating Facility Agreement (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, 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
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: Demand Facility Agreement (Childrens Place Retail Stores 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: Demand Operating Facility Agreement (Response Biomedical Corp)
