Common use of U.S. Taxes Clause in Contracts

U.S. Taxes. (a) Gross-up for Deduction or Withholding of U.S. Taxes. Borrower agrees to pay to each Lender that is not a U.S. Person such additional amounts as are necessary in order that the net payment of any amount due to such non U.S. Person hereunder after deduction for or withholding in respect of any U.S. Taxes imposed with respect to such payment (or in lieu thereof, payment of such U.S. Taxes by such non U.S. Person), will not be less than the amount stated herein to be then due and payable, provided that the foregoing obligation to pay such additional amounts shall not apply:

Appears in 6 contracts

Samples: Construction Loan Agreement, Loan Agreement (General Growth Properties, Inc.), Mezzanine Loan Agreement (Morgans Hotel Group Co.)

AutoNDA by SimpleDocs

U.S. Taxes. (a) Gross-up for Deduction or Withholding of U.S. Taxes. Borrower Xxxxxxxx agrees to pay to each Lender that is not a U.S. Person such additional amounts as are necessary in order that the net payment of any amount due to such non U.S. Person hereunder after deduction for or withholding in respect of any U.S. Taxes imposed with respect to such payment (or in lieu thereof, payment of such U.S. Taxes by such non U.S. Person), will not be less than the amount stated herein to be then due and payable, provided that the foregoing obligation to pay such additional amounts shall not apply:

Appears in 1 contract

Samples: Construction Loan Agreement

U.S. Taxes. (a) Gross-up for Deduction or Withholding of U.S. Taxes. Borrower agrees to pay to each Lender that is not a U.S. Person such additional amounts as are necessary in order that the net payment of any amount due to such non non-U.S. Person hereunder after deduction for or withholding in respect of any U.S. Taxes imposed with respect to such payment (or in lieu thereof, payment of such U.S. Taxes by such non non-U.S. Person), will not be less than the amount stated herein to be then due and payable, provided that the foregoing obligation to pay such additional amounts shall not apply:

Appears in 1 contract

Samples: Loan Agreement (Acadia Realty Trust)

U.S. Taxes. (a) Gross-up for Deduction or Withholding of U.S. Taxes. The Borrower agrees to pay to each Lender that is not a U.S. Person such additional amounts as are necessary in order that the net payment of any amount due to such non non-U.S. Person hereunder after deduction for or withholding in respect of any U.S. Taxes imposed with respect to such payment (or in lieu thereof, payment of such U.S. Taxes by such non non-U.S. Person), will not be less than equal the amount stated herein to be then due and payable, provided that the foregoing obligation to pay such additional amounts shall not apply:

Appears in 1 contract

Samples: Credit Agreement (Entertainment Properties Trust)

AutoNDA by SimpleDocs

U.S. Taxes. (a) Gross-up x. Xxxxx‑up for Deduction or Withholding of U.S. Taxes. Borrower agrees Borrowers agree to pay to each Lender that is not a U.S. Person such additional amounts as are necessary in order that the net payment of any amount due to such non U.S. Person hereunder after deduction for or withholding in respect of any U.S. Taxes imposed with respect to such payment (or in lieu thereof, payment of such U.S. Taxes by such non U.S. Person), will not be less than the amount stated herein to be then due and payable, provided that the foregoing obligation to pay such additional amounts shall not apply:

Appears in 1 contract

Samples: Loan Agreement (General Growth Properties, Inc.)

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