Common use of Payments Free of Taxes, Etc Clause in Contracts

Payments Free of Taxes, Etc. All payments made by the Grantor under the Loan Documents shall be made by the Grantor free and clear of and without deduction for any and all present and future taxes, levies, charges, deductions and withholdings. In addition, the Grantor shall pay upon demand any stamp or other taxes, levies or charges of any jurisdiction with respect to the execution, delivery, registration, performance and enforcement of this Agreement. Upon request by the Collateral Agent, the Grantor shall furnish evidence satisfactory to the Collateral Agent that all requisite authorizations and approvals by, and notices to and filings with, governmental authorities and regulatory bodies have been obtained and made and that all requisite taxes, levies and charges have been paid.

Appears in 5 contracts

Samples: Subordination Agreement (Gonzalez May Carlos Alfredo), Subordination Agreement (Morningside Venture Investments LTD), Subordination Agreement (Steinberg Michael)

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Payments Free of Taxes, Etc. All payments made by the Grantor under the Loan Documents this Agreement shall be made by the Grantor free and clear of and without deduction for any and all present and future taxes, levies, charges, deductions and withholdings. In addition, the Grantor shall pay upon demand any stamp or other taxes, levies or charges of any jurisdiction with respect to the execution, delivery, registration, performance and enforcement of this Agreement. Upon request by the Collateral AgentSecured Parties, the Grantor shall furnish evidence satisfactory to the Collateral Agent Secured Parties that all requisite authorizations and approvals by, and notices to and filings with, governmental authorities and regulatory bodies have been obtained and made and that all requisite taxes, levies and charges have been paid.

Appears in 1 contract

Samples: Security Agreement (Cygnus Inc /De/)

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