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Upon request by the Beneficiaries or either of them, Guarantor shall furnish to such Beneficiary a receipt for any Taxes paid by Guarantor pursuant to this Section 6 or, if no Taxes are payable with respect to any payments required to be made by Guarantor hereunder, either a certificate from each appropriate taxing authority or an opinion of counsel acceptable to such Beneficiary, in either case stating that such payment is exempt from or not subject to Taxes. If Taxes are paid by a Beneficiary in the good faith belief that such taxes are owing, Guarantor will, upon demand of such Beneficiary, and whether or not such Taxes shall be correctly or legally asserted, indemnify such Beneficiary for such payments, together with any interest, penalties and expenses in connection therewith plus interest thereon at the lesser of 10% or the maximum lawful rate under applicable law. Such Beneficiary shall thereafter cooperate in a commercially reasonable manner with Guarantor in seeking any refunds of such Taxes, interest, penalties and expenses, which refunds and any interest thereon shall be paid by such Beneficiary to Guarantor within five (5) business days of receipt by such Beneficiary; provided, that in no event shall any Beneficiary be required to expend its own funds in seeking any such refund and provided, further, that any expenses incurred in connection therewith shall be paid by Guarantor.", "hash": "4172b612edb2daa40910103aeefa3160", "id": 1}, {"size": 5, "samples": [{"hash": "5UALAWeR3cx", "uri": "/contracts/5UALAWeR3cx#payments-free-and-clear-of-taxes", "label": "Loan Modification Agreement (Coffee Holding Co Inc)", "score": 35.1054077148, "published": true}, {"hash": "hCFxvRUUt4S", "uri": "/contracts/hCFxvRUUt4S#payments-free-and-clear-of-taxes", "label": "Loan Modification Agreement (Coffee Holding Co Inc)", "score": 34.2375068665, "published": 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provided in this Section 2.17, each payment by any Loan Party under any Loan Document shall be made free and clear of all present or future taxes, levies, imposts, deductions, charges or withholdings and all liabilities with respect thereto (and without deduction for any of them) (collectively, \u201cTaxes\u201d) other than for (i) Taxes measured by net income (including branch profits taxes) and franchise taxes imposed in lieu of net income taxes, in each case imposed on any Secured Party as a result of a present or former connection between such Secured Party and the jurisdiction of the Governmental Authority imposing such Tax or any political subdivision or taxing authority thereof or therein (other than such connection arising solely from any Secured Party having executed, delivered or performed its obligations or received a payment under, or enforced, any Loan Document), (ii) withholding Taxes that are imposed on amounts payable to a Secured Party (other than a Substitute Lender) to the extent that the obligation to withhold amounts existed on the date that such Secured Party became a \u201cSecured Party\u201d under this Agreement in the capacity under which such Secured Party makes a claim under clause (b), except in each case to the extent such Secured Party is an assignee of any other Secured Party that was entitled, at the time the assignment of such other Secured Party became effective, to receive additional amounts under clause (b) or (iii) taxes that are directly attributable to the failure by any Secured Party to deliver the documentation required to be delivered pursuant to clause (g) below (collectively, \u201cExcluded Taxes\u201d and all such non-Excluded Taxes, \u201cNon-Excluded Taxes\u201d).", "hash": "007c29a8c24593be055028a6d56f0edb", "id": 6}, {"size": 8, "samples": [{"hash": "8cz5xl71n9j", "uri": "/contracts/8cz5xl71n9j#payments-free-and-clear-of-taxes", "label": "u.s. 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If Guarantor shall be required by law to deduct any Taxes from or in respect of any sum payable hereunder, (a) the sum payable shall be increased as much as shall be necessary so that after making all required deductions (including deductions applicable to additional sums payable under this Section 6) Agent or Lenders, as applicable, receive an amount equal to the sum they would have received had no such deductions been made, (b) Guarantor shall make such deductions, and (c) Guarantor shall pay the full amount deducted to the relevant taxing or other authority in accordance with applicable law. Within thirty (30) days after the date of any payment of Taxes, Guarantor shall furnish to Agent the original or a certified copy of a receipt evidencing payment thereof. Guarantor shall indemnify and, within ten (10) days of demand therefor, pay Agent and each Lender for the full amount of Taxes (including any Taxes imposed by any jurisdiction on amounts payable under this Section 6) paid by Agent or such Lender, as appropriate, and any liability (including penalties, interest and expenses) arising therefrom or with respect thereto, whether or not such Taxes were correctly or legally asserted.", "hash": "73e6d7fe580c3896e6cff51252f8909f", "id": 2}, {"size": 41, "samples": [{"hash": "hUzDev84ok", "uri": "/contracts/hUzDev84ok#payments-free-and-clear-of-taxes", "label": "Credit Agreement (Anfield Energy Inc.)", "score": 36.6303901672, "published": true}, {"hash": "4M3cX8Sw2iM", "uri": "/contracts/4M3cX8Sw2iM#payments-free-and-clear-of-taxes", "label": "Credit Agreement (Anfield Energy Inc.)", "score": 36.5427780151, "published": true}, {"hash": "aWUsMfmuGNZ", "uri": "/contracts/aWUsMfmuGNZ#payments-free-and-clear-of-taxes", "label": "Credit Agreement 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"written-demand", "type": "clause", "offset": [4329, 4343]}, {"key": "manifest-error", "type": "definition", "offset": [4474, 4488]}, {"key": "notwithstanding-the-foregoing", "type": "clause", "offset": [4490, 4519]}, {"key": "to-indemnify", "type": "clause", "offset": [4557, 4569]}, {"key": "related-to", "type": "definition", "offset": [4611, 4621]}, {"key": "gross-negligence-or-wilful-misconduct", "type": "definition", "offset": [4660, 4697]}, {"key": "breach-of-this-agreement", "type": "definition", "offset": [4755, 4779]}, {"key": "court-of-competent-jurisdiction", "type": "definition", "offset": [4827, 4858]}, {"key": "additional-taxes", "type": "clause", "offset": [5020, 5036]}, {"key": "net-income", "type": "clause", "offset": [5040, 5050]}, {"key": "receipt-of", "type": "clause", "offset": [5159, 5169]}, {"key": "the-agent-shall", "type": "clause", "offset": [5264, 5279]}, {"key": "obligation-to", "type": "clause", "offset": [5293, 5306]}, {"key": "tax-affairs", "type": 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"the-request", "type": "clause", "offset": [6415, 6426]}, {"key": "to-repay", "type": "clause", "offset": [6462, 6470]}, {"key": "applicable-taxing-authority", "type": "definition", "offset": [6666, 6693]}, {"key": "other-charges", "type": "clause", "offset": [6755, 6768]}, {"key": "tax-relief", "type": "clause", "offset": [7017, 7027]}, {"key": "tax-returns", "type": "clause", "offset": [7194, 7205]}, {"key": "provisions-of-this-section", "type": "clause", "offset": [7293, 7319]}, {"key": "conflict-or-inconsistency", "type": "clause", "offset": [7351, 7376]}, {"key": "provision-of", "type": "clause", "offset": [7411, 7423]}, {"key": "termination-of-the-facility", "type": "clause", "offset": [7678, 7705]}, {"key": "other-facility-documents", "type": "clause", "offset": [7733, 7757]}, {"key": "repayment-of", "type": "clause", "offset": [7776, 7788]}, {"key": "outstanding-credit", "type": "definition", "offset": [7793, 7811]}, {"key": "other-amounts-payable", "type": "clause", "offset": [7820, 7841]}, {"key": "the-lenders", "type": "clause", "offset": [7853, 7864]}, {"key": "comply-with", "type": "clause", "offset": [7904, 7915]}], "snippet": "(a) Any and all payments made and other consideration provided (including without limitation the Securities) by a Credit Party hereunder or under any other Facility Document (any such payment or other consideration being hereinafter referred to as a \u201cPayment\u201d) to or for the benefit of the Agent, any Lender, or any Tax-Related Person shall be made without set-off or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any and all present or future Taxes, except to the extent such deduction or withholding is required by law or the administrative practice of any Governmental Authority. If the Credit Party shall be so required to deduct or withhold any Taxes from or in respect of any Payment made to or for the benefit of the Agent, any Lender or any Tax-Related Person, the Borrower shall:\n(i) promptly notify the Agent of such requirement;\n(ii) if such Taxes are an Indemnified Tax, pay or provide to the Agent in addition to the Payment to which the Agent or such Lender is otherwise entitled, such additional amount (or consideration) as is necessary to ensure that the net amount (or consideration) actually received by the Agent or such Lender, as the case may be, and each of their Tax-Related Persons (free and clear of, and net of, any such Indemnified Tax, including the full amount of any Taxes required to be deducted or withheld from any additional amount (or consideration) paid or provided by the Credit Party under this Section 11.5, whether assessable against the Credit Party or the Lender) equals the full amount (or consideration) the Agent or such Lender, as the case may be, and each of their Tax-Related Persons would have received had no such deduction or withholding been required;\n(iii) make such deduction or withholding;\n(iv) pay to the relevant Governmental Authority in accordance with Applicable Law the full amount of Taxes required to be deducted or withheld (including the full amount of Taxes required to be deducted or withheld from any additional amount paid by the Credit Party to the Agent or such Lender under this Section 11.5), within the time period required by Applicable Law; and\n(v) as promptly as reasonably practicable thereafter, forward to the Lender, an original official receipt (or a certified copy), or other documentation reasonably acceptable to the Agent and such Lender, evidencing such payment to such Governmental Authority.\n(b) In addition, the Borrower agrees to pay any and all present or future stamp, court or documentary, intangible, recording, filing or similar Taxes or excise or property taxes, charges or levies of a similar nature, which arise from any Payment under, or from the execution, delivery, performance, enforcement or registration of, from the receipt or perfection of a security interest under, or otherwise with respect to, the Facility Documents and the transactions contemplated hereby or thereby (any such amounts being hereinafter referred to as \u201cOther Taxes\u201d).\n(c) The Borrower hereby indemnifies and holds harmless the Agent, each Lender and each of their Tax-Related Persons, on an after-Taxes basis, for the full amount of Indemnified Taxes and Other Taxes, interest, penalties and other liabilities, levied, imposed or assessed against (and whether or not paid directly by) the Agent, such Lender and each of their Tax-Related Persons, as applicable, and for all expenses, resulting from or relating to any Credit Party\u2019s failure to:\n(i) remit to the Agent or such Lender the documentation referred to in Section 4.1; or\n(ii) pay any Taxes or Other Taxes when due to the relevant Governmental Authority (including any Taxes imposed by any Governmental Authority on amounts payable under this Section 11.5); whether or not such Indemnified Taxes or Other Taxes were correctly or legally assessed. The Agent or any Lender (on behalf of itself or its Tax-Related Persons) who pays any Indemnified Taxes or Other Taxes, shall promptly notify the Borrower of such payment, provided, however, that failure to provide such notice shall not detract from, or compromise, the obligations of the Borrower under this Section 11.5. Payment pursuant to this indemnification under this Section 11.5 shall be made within 30 days from the date the Agent or the relevant Lender, as the case may be, makes written demand therefor accompanied by a certificate as to the amount of such Indemnified Taxes or Other Taxes, which shall be conclusive absent manifest error. Notwithstanding the foregoing, the Borrower shall not be obligated to indemnify the Agent or any Lender for any expenses related to Taxes or Other Taxes arising from the gross negligence or wilful misconduct of the Agent or any Lender or any Tax-Related Person any breach of this Agreement by the Agent or any Lender or as determined by court of competent jurisdiction.\n(d) Each Credit Party also hereby indemnifies and holds harmless the Agent, each Lender and each of their Tax-Related Persons, on an after-Taxes basis, for any additional taxes on net income that the Agent, each Lender and each of their Tax- Related Persons may be obliged to pay as a result of the receipt of amounts from the Borrower (or the Lender) under this Section 11.5.\n(e) Neither any Lender nor the Agent shall be under any obligation to arrange its tax affairs in any particular manner or be obliged to disclose any information regarding its tax affairs or computations to the Credit Parties or any other Person in connection with this Section 11.5.\n(f) If the Agent or any Lender or any Tax-Related Person determines in its sole discretion (exercised in good faith) that it has received a refund of Indemnified Taxes or Other Taxes for which a payment has been made by the Borrower under this Section 11.5 then the Agent or such Lender shall pay such amount (if any) to the Borrower (but not exceeding any payment made under this Section 11.5 giving rise to such refund), net of all out-of-pocket expenses of the Agent, such Lender or Tax-Related Persons, as the case may be, and other adjustments which the Agent, such Lender or Tax-Related Person, as the case may be, reasonably determines will leave it (after that payment) in the same after-tax position it would have been in had such Indemnified Taxes or Other Taxes not been deducted, withheld or otherwise imposed and the indemnification payments had never been paid. The Borrower, upon the request of the Agent or any Lender, agrees to repay to the Agent or such Lender any portion of such refund paid over to the Borrower that the Agent, such Lender or any of their Tax-Related Persons is required to repay or pay, respectively, to the applicable taxing authority or jurisdiction and agrees to pay any interest, penalties or other charges paid by the Agent or such Lender as a result of or related to such repayment or payment. Neither the Agent nor any Lender shall be under any obligation to arrange its tax affairs in any particular manner so as to claim any refund or seek any other tax relief to which it may be entitled. Neither the Agent nor any Lender shall be obligated to disclose any information regarding its tax affairs or computations (including its tax returns) to the Borrower or any other Person in connection with this Section 11.5 or any other provisions of this Section 11.5.\n(g) To the extent of any conflict or inconsistency between this Section 11.5 and any provision of any other Facility Document, this Section 11.5 shall to the extent of such conflict or inconsistency override such other provision and prevail.\n(h) Each Credit Party\u2019s and Lenders\u2019 obligations under this Section 11.5 shall survive without limitation the termination of the Facility and this Agreement and all other Facility Documents and the permanent repayment of the outstanding credit and all other amounts payable hereunder. The Lenders shall cause all Tax-Related Persons to comply with this Section 11.5.", "hash": "7deed938113879672ca136a71e96242a", "id": 3}, {"size": 26, "samples": [{"hash": "i36rOH2ad0Z", "uri": "/contracts/i36rOH2ad0Z#payments-free-and-clear-of-taxes", "label": "Credit Agreement (Assisted Living Concepts Inc)", "score": 22.1416835785, "published": true}, {"hash": "kGXYulQGYKL", "uri": "/contracts/kGXYulQGYKL#payments-free-and-clear-of-taxes", "label": "Credit Agreement (Parlux Fragrances Inc)", "score": 21.4900760651, "published": true}, {"hash": "lqpls8CBfny", "uri": "/contracts/lqpls8CBfny#payments-free-and-clear-of-taxes", "label": "Second Lien Credit Agreement (Medical Staffing Network Holdings Inc)", "score": 21.0, "published": true}], "snippet_links": [{"key": "except-as-otherwise-provided", "type": "clause", "offset": [0, 28]}, {"key": "section-217", "type": "definition", "offset": [37, 49]}, {"key": "payment-by", "type": "clause", "offset": [56, 66]}, {"key": "loan-party", 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jurisdiction of the Governmental Authority imposing such tax or any political subdivision or taxing authority thereof or therein (other than such connection arising solely from any Secured Party having executed, delivered or performed its obligations or received a payment under, or enforced, any Loan Document) or (ii) taxes that are directly attributable to the failure (other than as a result of a change in any Requirement of Law) by any Secured Party to deliver the documentation required to be delivered pursuant to clause (f) below.", "hash": "66fe6508e8ec241d2066c97d2de804ad", "id": 4}, {"size": 13, "samples": [{"hash": "aSQffARmtZi", "uri": "/contracts/aSQffARmtZi#payments-free-and-clear-of-taxes", "label": "Subsidiary Guarantee Agreement (Cerence Inc.)", "score": 29.4585895538, "published": true}, {"hash": "cqT0PRI8wzP", "uri": "/contracts/cqT0PRI8wzP#payments-free-and-clear-of-taxes", "label": "Subsidiary Guarantee (PlayAGS, Inc.)", "score": 28.9644088745, "published": true}, {"hash": "fLecQLjuDV7", "uri": "/contracts/fLecQLjuDV7#payments-free-and-clear-of-taxes", "label": "Subsidiary Guarantee (AP Gaming Holdco, Inc.)", "score": 28.7891845703, "published": true}], "snippet_links": [{"key": "subsidiary-guarantor", "type": "definition", "offset": [5, 25]}, {"key": "the-terms", "type": "definition", "offset": [72, 81]}, {"key": "covenants-and-agreements", "type": "clause", "offset": [83, 107]}, {"key": "section-217", "type": "definition", "offset": [113, 125]}, {"key": "the-credit-agreement", "type": "clause", "offset": [129, 149]}, {"key": "subject-to-the", "type": "clause", "offset": [208, 222]}], "snippet": "Each Subsidiary Guarantor agrees that it will perform or observe all of the terms, covenants and agreements that Section 2.17 of the Credit Agreement requires such Subsidiary Guarantor to perform or observe, subject to the qualifications set forth therein.", "hash": "b5ba7cd30fe10dced77c3458be44e41d", "id": 7}, {"size": 8, "samples": [{"hash": 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{"key": "trade-or-business", "type": "definition", "offset": [1764, 1781]}, {"key": "tax-purposes", "type": "clause", "offset": [1807, 1819]}, {"key": "entering-into-this-agreement", "type": "clause", "offset": [1881, 1909]}, {"key": "other-loan", "type": "clause", "offset": [1915, 1925]}, {"key": "transactions-contemplated", "type": "clause", "offset": [1949, 1974]}, {"key": "requirement-of-law", "type": "definition", "offset": [2028, 2046]}, {"key": "in-effect", "type": "clause", "offset": [2047, 2056]}, {"key": "at-the-time", "type": "definition", "offset": [2057, 2068]}, {"key": "applicable-interest", "type": "definition", "offset": [2101, 2120]}, {"key": "new-lending-office", "type": "clause", "offset": [2151, 2169]}, {"key": "except-to-the-extent", "type": "clause", "offset": [2172, 2192]}, {"key": "designation-of-a", "type": "clause", "offset": [2272, 2288]}, {"key": "to-receive", "type": "definition", "offset": [2325, 2335]}, {"key": "additional-amounts", "type": "definition", "offset": [2336, 2354]}, {"key": "with-respect-to", "type": "clause", "offset": [2376, 2391]}, {"key": "excluded-taxes", "type": "definition", "offset": [2479, 2493]}, {"key": "indemnified-taxes", "type": "definition", "offset": [2528, 2545]}], "snippet": "Each payment to any Secured Party by or on account of any obligation of any Loan Party hereunder or under any Loan Document shall be made free and clear of all present or future taxes, levies, imposts, duties, deductions, assessments, withholdings or other charges imposed by any Governmental Authority and all interest. additions to tax or penalties with respect thereto (and without deduction for any of them) (collectively, the \u201cTaxes\u201d) other than for (i) Taxes measured by net income (including branch profits taxes and other similar taxes) and franchise taxes imposed in lieu of net income taxes, in each case imposed on any Secured Party by the United States or as a result of a present or former connection between such 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of such Secured Party engaging in a trade or business in such jurisdiction for tax purposes, other than a trade or business deemed to arise by virtue of entering into this Agreement, any other Loan Document or any of the transactions contemplated under such documents) and is imposed pursuant to any Requirement of Law in effect at the time such Secured Party acquires the applicable interest in such Loan (or designates a new lending office), except to the extent that such Secured Party (or its assignor, if any) was entitled, at the time of designation of a new lending office (or assignment), to receive additional amounts from a Secured Party with respect to such withholding tax pursuant to this Section 2.17(a) or Section 2.17(d) (all such non-excluded Taxes being hereinafter referred to as \u201cIndemnified Taxes\u201d).", "hash": "ada7da592c205ea8a959b49f048be870", "id": 8}], "next_curs": "CmkSY2oVc35sYXdpbnNpZGVyY29udHJhY3RzckULEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IilwYXltZW50cy1mcmVlLWFuZC1jbGVhci1vZi10YXhlcyMwMDAwMDAwYQyiAQJlbhgAIAA=", "clause": {"size": 381, "parents": [["taxes", "Taxes"], ["miscellaneous", "Miscellaneous"], ["the-facilities", "The Facilities"], ["payments-and-prepayments", "Payments and Prepayments"], ["taxes-withholding-etc", "Taxes Withholding Etc"]], "children": [["withholding-exemption-certificates", "Withholding Exemption Certificates"], ["payments", "Payments"], ["survival", "Survival"], ["payment-of-taxes", "Payment of Taxes"], ["gross-up", "Gross-Up"]], "title": "Payments Free and Clear of Taxes", "id": "payments-free-and-clear-of-taxes", "related": [["payments-free-and-clear-of-taxes-etc", "Payments Free and Clear of Taxes, Etc", "<strong>Payments Free and Clear of Taxes</strong>, Etc"], ["payments-free-of-taxes-etc", "Payments Free of Taxes, Etc", "Payments Free of Taxes, Etc"], ["payments-free-of-taxes", "Payments Free of Taxes", "Payments Free of Taxes"], ["payments-free-and-clear", "Payments Free and Clear", "Payments Free and Clear"], ["payments-free-of-taxes-obligation-to-withhold-payments-on-account-of-taxes", "Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes", "Payments Free of Taxes; Obligation to Withhold; Payments on Account of Taxes"]], "related_snippets": [], "updated": "2026-06-28T08:23:02+00:00", "also_ask": ["What negotiation leverage does a 'free and clear of taxes' clause provide to payees?", "Which specific taxes and withholdings must be expressly addressed to avoid ambiguity?", "What are the most common legal pitfalls or unenforceability risks with this clause?", "How do courts in key jurisdictions interpret and enforce 'free and clear' payment provisions?", "How does this clause compare to standard gross-up or tax indemnity clauses in similar agreements?"], "drafting_tip": "Specify that payments are net of taxes to ensure the recipient receives the full amount; allocate tax liability to clarify each party\u2019s responsibility; define exceptions to prevent unintended obligations.", "explanation": "The \"Payments Free and Clear of Taxes\" clause ensures that any payments made under the agreement are not reduced by taxes, with the payer responsible for covering any applicable taxes so the recipient receives the full intended amount. In practice, this means if withholding or deduction of taxes is required by law, the payer must increase the payment so the net amount received remains unaffected. This clause is crucial for protecting the recipient from unexpected reductions in payment due to tax obligations, thereby ensuring clarity and predictability in financial transactions."}, "json": true, "cursor": ""}}