Common use of Changes in Applicable Tax Laws Clause in Contracts

Changes in Applicable Tax Laws. If any time during the term of the Loan under this Agreement, any applicable tax law is changed in such a manner that it increases the Lender’s cost of maintaining the Loan, the Borrower agrees to reimburse the Lender for all such additional costs; provided, however, that if the Borrower is prevented or unable for any reason to reimburse the Lender for such additional costs of maintaining the Loan, then the unpaid principal amount of the Loan, together with interest on the Loan, shall be repaid.

Appears in 2 contracts

Samples: www.sec.gov, Revolving Loan Agreement (Union Carbide Corp /New/)

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Changes in Applicable Tax Laws. If any time during the term of the Loan under this Agreement, any applicable tax law is changed in such a manner that it increases the Lender’s 's cost of maintaining the Loan, the Borrower agrees to reimburse the Lender for all such additional costs; provided, provide however, that if the Borrower is prevented or unable for any reason to reimburse the Lender for such additional costs of maintaining the Loan, then the unpaid principal amount of the Loan, together with interest on the Loan, shall be repaid.

Appears in 1 contract

Samples: Revolving Loan Agreement (Union Carbide Corp /New/)

Changes in Applicable Tax Laws. If any time during the term of the Loan under this Agreement, any applicable tax law is changed in such a manner that it increases the Lender’s 's cost of maintaining the Loan, the Borrower agrees to reimburse the Lender for all such additional costs; provided, however, that if the Borrower is prevented or unable for any reason to reimburse the Lender for such additional costs of maintaining the Loan, then the unpaid principal amount of the Loan, together with interest on the Loan, shall be repaid.

Appears in 1 contract

Samples: Revolving Loan Agreement (Union Carbide Corp /New/)

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Changes in Applicable Tax Laws. If any time during the term of the Loan under this AgreementLoan, any applicable tax law is changed in such a manner that it increases the Lender’s cost of maintaining the Loan, the Borrower agrees to reimburse the Lender for all such additional costs; provided, however, that if the Borrower is prevented or unable for any reason to reimburse the Lender for such additional costs of maintaining the Loan, then the unpaid principal amount of the Loan, together with interest on the Loan, shall be immediately repaid.

Appears in 1 contract

Samples: Term Loan Agreement (Union Carbide Corp /New/)

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