Examples of Non-Excluded Tax in a sentence
Whenever any Non-Excluded Tax is payable by the Borrower, promptly thereafter the Borrower shall send the Liquidity Provider certified copies of tax receipts evidencing such payment by the Borrower.
In addition, where an amount has been withheld in respect of a Non-Excluded Tax, the applicable Credit Party shall increase the amounts payable to the Administrative Agent or such Lender to the extent necessary to yield to the Administrative Agent or such Lender (after payment of all Non-Excluded Taxes or Other Taxes including those applicable to any amounts payable under this Section 5.4) interest or any such other amounts payable hereunder at the rates or in the amounts specified in such Credit Document.
In addition, where an amount has been withheld in respect of a Non-Excluded Tax, the applicable Credit Party shall increase the amounts payable to the Administrative Agent or such Lender to the extent necessary to yield to the Administrative Agent or such Lender (after payment of all Non‑Excluded Taxes or Other Taxes including those applicable to any amounts payable under this Section 5.4) interest or any such other amounts payable hereunder at the rates or in the amounts specified in such Credit Document.
Whenever any Non-Excluded Tax or Other Tax is payable by an Obligor, as promptly as possible thereafter, such Obligor shall (i) pay such taxes to the appropriate authority within the term provided by law and (ii) thereafter send to the Administrative Agent, for the account of such Payee, a certified copy by an Authorized Officer of such Obligor of a stamped filed receipt showing payment thereof or such other document reasonably satisfactory to such Payee showing payment thereof.
All payments made by the Borrower under this Agreement shall be made free and clear of, and without reduction for or on account of, any present or future stamp or other taxes, levies, imposts, duties, deductions or withholdings, of a similar nature other than Excluded Taxes (collectively, "Non-Excluded Taxes" and, individually, a "Non-Excluded Tax").
If Borrower determines in good faith that a reasonable basis exists for contesting any Non-Excluded Tax for which indemnification has been demanded hereunder, the relevant Lender (to the extent such Lender reasonably determines in good faith that it will not suffer any adverse effect as a result thereof) or any Agent, as applicable, shall cooperate with Borrower in challenging the imposition of such Non-Excluded Tax at Borrower's expense if so requested by Borrower in writing.
Whenever any Non-Excluded Tax is payable by the Borrower, as promptly as possible thereafter, the Borrower shall send to the Agent a certified copy of an original official receipt showing payment thereof.
Whenever any Non-Excluded Tax or Other Tax is payable by a Loan Party, as promptly as possible thereafter, such Loan Party shall send to the Administrative Agent, for the account of such Payee, a certified copy by a Responsible Officer of such Loan Party of a stamped filed receipt showing payment thereof or such other document reasonably satisfactory to such Payee showing payment thereof.
The Lenders shall upon written request (but only if the Lenders are lawfully able to do so) use best efforts to provide the Borrower with two (2) copies of any form, document or other certification, appropriately completed, necessary for the Lender to be exempt from, or entitled to a reduced rate of Non-Excluded Tax or any other Taxes on payments pursuant to, this Agreement or the Promissory Notes.
If, after any such adjustment, any part of a Non-Excluded Tax or Other Tax paid by Lenders or payable on behalf of Lenders is subsequently recovered by Lenders, Lenders shall reimburse the Borrower to the extent of the amount so recovered.