Examples of Reimbursable Taxes in a sentence
Promptly after the date on which payment of any Reimbursable Taxes is due pursuant to applicable law, the Companies will, at the request of the Administrative Agent, furnish to the Lenders evidence in form and substance satisfactory to the Lenders that the Companies have met their obligation under this subsection.
Debtor's obligation pursuant hereto shall exclude, however, any such taxes, levies, costs or charges imposed or determined by reference to income of Secured Party or any Eurodollar Lending Office by any jurisdiction in which the Secured Party or any such Eurodollar Lending Office is located (all such non-excluded taxes, levies, costs and charges being collectively called "Reimbursable Taxes" in this Section).
If any Lender fails to provide written notice to Borrower of a Triggering Event in accordance with the immediately preceding sentence, Borrower shall be liable for only those costs, expenses, claims, penalties, liabilities, damages or Reimbursable Taxes with respect to such Lender which arose during the period beginning 120 days prior to the Trigger Date and ending on the Trigger Date.
In the event that any withholding or deduction from any payment to be made by Borrower hereunder is required in respect of any Reimbursable Taxes pursuant to any applicable law, rule or regulation, Borrower shall pay on the due date of such payment, by way of additional interest, such additional amounts as are needed to ensure that the amount actually received by the Bank will equal the full amount the Bank would have received had no such withholding or deduction been required.
A certificate of the Secured Party as to the amount of any such Reimbursable Taxes and other amounts paid by the Secured Party shall be conclusive and binding in the absence of manifest error.