Common use of No Credit for Payment of Taxes or Imposition Clause in Contracts

No Credit for Payment of Taxes or Imposition. No Grantor shall be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and no Grantor shall be entitled to any credit against any other sums that may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 4 contracts

Samples: Intercreditor Agreement (Philadelphia Energy Solutions Inc.), Assignment and Assumption (Philadelphia Energy Solutions Inc.), Credit Agreement (Philadelphia Energy Solutions Inc.)

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No Credit for Payment of Taxes or Imposition. No Grantor shall be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and no Grantor shall be entitled to any credit against any other sums that which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 4 contracts

Samples: Credit Agreement (Ashland Global Holdings Inc), Credit Agreement (Valvoline Inc), Credit Agreement (Lumber Liquidators Holdings, Inc.)

No Credit for Payment of Taxes or Imposition. No Grantor shall be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Loan Agreement, and no Grantor shall be entitled to any credit against any other sums that which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 2 contracts

Samples: Security Agreement (Seracare Life Sciences Inc), Security Agreement (Valpey Fisher Corp)

No Credit for Payment of Taxes or Imposition. No Grantor shall be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and no such Grantor shall not be entitled to any credit against any other sums that which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 2 contracts

Samples: Possession Credit Agreement (Rotech Healthcare Inc), Credit Agreement (Barnes & Noble Inc)

No Credit for Payment of Taxes or Imposition. No A Grantor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Form of Security Agreement Credit Agreement, and no such Grantor shall not be entitled to any credit against any other sums that which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Credit Agreement (Starwood Property Trust, Inc.)

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No Credit for Payment of Taxes or Imposition. No Such Grantor shall not be entitled to any credit against the principal, premium, if any, or interest payable under the Credit Agreement, and no such Grantor 203367025 v9 shall not be entitled to any credit against any other sums that which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Pledge and Security Agreement (Geokinetics Inc)

No Credit for Payment of Taxes or Imposition. No Grantor shall be entitled to any credit against the principal, premium, if any, or interest payable under the Credit AgreementTransaction Documents, and no Grantor shall be entitled to any credit against any other sums that which may become payable under the terms thereof or hereof, by reason of the payment of any Tax on the Pledged Collateral or any part thereof.

Appears in 1 contract

Samples: Security Agreement (Body Central Corp)

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