Common use of Deduction of Tax Clause in Contracts

Deduction of Tax. No Security Party is required under the law of its jurisdiction of incorporation to make any deduction for or on account of Tax from any payment it may make under any Finance Document.

Appears in 21 contracts

Samples: Agreement (Safe Bulkers, Inc.), Loan Agreement (DHT Holdings, Inc.), Third Supplemental Agreement (Genco Shipping & Trading LTD)

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Deduction of Tax. No None of the Security Party Parties is required under the law of its jurisdiction of incorporation to make any deduction for or on account of Tax from any payment it may make under any Finance DocumentDocument to a Lender.

Appears in 8 contracts

Samples: Loan Agreement (Scorpio Bulkers Inc.), Fourth Supplemental Agreement (TORM PLC), Fourth Supplemental Agreement (TORM PLC)

Deduction of Tax. No None of the Security Party Parties is required under the law of its jurisdiction of incorporation to make any deduction for or on account of Tax from any payment it may make under any Finance Document.Document to a Lender which is:

Appears in 4 contracts

Samples: Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.), Loan Agreement (Safe Bulkers, Inc.)

Deduction of Tax. No None of the Security Party Parties is required under the law of its jurisdiction of incorporation to make any deduction for or on account of Tax from any payment it may make under any Finance Document.

Appears in 2 contracts

Samples: Loan Agreement (DHT Holdings, Inc.), Amending and Restating Agreement (DHT Holdings, Inc.)

Deduction of Tax. No Security Party is required under the law of its jurisdiction of incorporation formation to make any deduction for or on account of Tax from any payment it may make under any Finance Document.

Appears in 1 contract

Samples: Loan Agreement (Poseidon Containers Holdings Corp.)

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Deduction of Tax. No Security Party is required under the law of its jurisdiction of incorporation to make any deduction for or on account of Tax from any payment it may make under any Finance Creditor Document.

Appears in 1 contract

Samples: Loan Agreement (Danaos Corp)

Deduction of Tax. No None of the Security Party Parties is required under the law of its jurisdiction of incorporation to make any deduction for or on account of Tax from any payment it may make under any Finance Document.Document to a Lender. 19.1.10

Appears in 1 contract

Samples: Fifth Supplemental Agreement (TORM PLC)

Deduction of Tax. No Security Party is required under the law of its jurisdiction of formation and/or incorporation to make any deduction for or on account of Tax from any payment it may make under any Finance Relevant Document.

Appears in 1 contract

Samples: Poseidon Containers Holdings Corp.

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