Payments Free of Taxes; Obligation to Withhold; Tax Payment. (a) All payments of Obligations by Obligors shall be made without deduction or withholding for any Taxes, except as required by Applicable Law. If Applicable Law (as determined by Agent in its discretion) requires the deduction or withholding of any Tax from any such payment by Agent or an Obligor, then Agent or such Obligor shall be entitled to make such deduction or withholding based on information and documentation provided pursuant to Section 5.2. For purposes of Sections 5.1 and 5.2, "Applicable Law" shall include FATCA.
Appears in 5 contracts
Samples: Loan and Security Agreement (Rocky Brands, Inc.), Loan and Security Agreement (Rocky Brands, Inc.), Loan and Security Agreement (Rocky Brands, Inc.)
Payments Free of Taxes; Obligation to Withhold; Tax Payment. (a) All payments of Obligations by Obligors shall be made without deduction or withholding for any Taxes, except as required by Applicable applicable Law. If Applicable applicable Law (as determined by Agent or Obligor, as applicable, in its discretion) requires the deduction or withholding of any Tax from any such payment by Agent or an Obligor, then Agent or such Obligor shall be entitled to make such deduction or withholding based on information and documentation provided pursuant to Section 5.25.9. For purposes of Sections 5.1 5.8 and 5.25.9, "Applicable “applicable Law" ” shall include FATCAFATCA and “Lender” shall include Issuing Bank.
Appears in 3 contracts
Samples: Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.), Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.), Loan and Security Agreement (Chicago Atlantic Real Estate Finance, Inc.)
Payments Free of Taxes; Obligation to Withhold; Tax Payment. (a) All payments of Obligations by Obligors shall be made without deduction or withholding for any Taxes, except as required by Applicable Law. If Applicable Law (as determined by Agent in its discretion) requires the deduction or withholding of any Tax from any such payment by Agent or an Obligor, then Agent or such Obligor shall be entitled to make such deduction or withholding based on information and documentation provided pursuant to Section 5.25.9. For purposes of Sections 5.1 5.8 and 5.25.9, "“Applicable Law" ” shall include FATCAFATCA and “Lender” shall include Issuing Bank.
Appears in 3 contracts
Samples: Credit Agreement (Covenant Logistics Group, Inc.), Abl Loan and Security Agreement (Rocky Brands, Inc.), Loan and Security Agreement (Rocky Brands, Inc.)
Payments Free of Taxes; Obligation to Withhold; Tax Payment. (a) All payments of Obligations by Obligors shall be made without deduction or withholding for any Taxes, except as required by Applicable Law. If Applicable Law (as determined by Agent Lender in its discretion) requires the deduction or withholding of any Tax from any such payment by Agent a Recipient or an Obligor, then Agent the Recipient or such Obligor shall be entitled to make such deduction or withholding based on information and documentation provided pursuant to Section 5.2this Section. For purposes of Sections 5.1 and 5.2this Section, "“Applicable Law" ” shall include FATCA.
Appears in 2 contracts
Samples: Loan and Security Agreement (Orion Energy Systems, Inc.), Loan and Security Agreement (Orion Energy Systems, Inc.)
Payments Free of Taxes; Obligation to Withhold; Tax Payment. (a) All payments of Obligations by Obligors shall be made without deduction or withholding for any Taxes, except as required by Applicable Law. If Applicable Law (as determined by Agent in its reasonable discretion) requires the deduction or withholding of any Tax from any such payment by Agent or an Obligor, then Agent or such Obligor shall be entitled to make such deduction or withholding based on information and documentation provided pursuant to Section 5.25.9. For purposes of Sections 5.1 5.8 and 5.25.9, "“Applicable Law" ” shall include FATCAFATCA and “Lender” shall include Issuing Bank.
Appears in 1 contract
Samples: Guaranty and Security Agreement (BIG 5 SPORTING GOODS Corp)
Payments Free of Taxes; Obligation to Withhold; Tax Payment. (a) All payments of Obligations by Obligors shall be made without deduction or withholding for any Taxes, except as required by Applicable Law. If Applicable Law (as determined by Agent in its discretion) requires the deduction or withholding of any Tax from any such payment by Agent or an Obligor, then Agent or such Obligor shall be entitled to make such deduction or withholding based on information and documentation provided pursuant to Section 5.25.10. For purposes of Sections 5.1 5.8 and 5.25.9, "“Applicable Law" ” shall include FATCAFATCA and “Lender” shall include Issuing Bank.
Appears in 1 contract
Payments Free of Taxes; Obligation to Withhold; Tax Payment. (a) All payments of Obligations by Obligors shall be made without deduction or withholding for any Taxes, except as required by Applicable Law. If Applicable Law (as determined by Agent in its discretion) requires the deduction or withholding of any Tax from any such payment by Agent or an Obligor, then Agent or such Obligor shall be entitled to make such deduction or withholding based on information and documentation provided pursuant to Section 5.25.10. For purposes of Sections 5.1 5.9 and 5.25.10, "“Applicable Law" ” shall include FATCAFATCA and “Lender” shall include Issuing Bank.
Appears in 1 contract
Samples: Abl Loan and Security Agreement (Rocky Brands, Inc.)
