Permitted Deductions. The Security Agent may, in its discretion: (a) set aside by way of reserve amounts required to meet, and to make and pay, any deductions and withholdings (on account of Taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement; and
Appears in 4 contracts
Sources: Term Loan Facility (Navios Maritime Partners L.P.), Term Loan Facility (Navios Maritime Partners L.P.), Facility Agreement (Okeanis Eco Tankers Corp.)
Permitted Deductions. The Security Agent may, in its discretion:
shall be entitled (a) to set aside by way of reserve amounts required to meet, meet and (b) to make and pay, any deductions and withholdings (on account of Taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement; and, and to pay all Taxes which may be assessed against it in respect of any of the Charged Property, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent under any of the Transaction Documents or otherwise.
Appears in 2 contracts
Sources: Security Trust Deed (SinoTech Energy LTD), Security Trust Deed (SinoTech Energy LTD)
Permitted Deductions. The Security Agent may, in its discretion:
: (a) set aside by way of reserve amounts required to meet, and to make and pay, any deductions and withholdings (on account of Taxes or otherwise) which it is or may be required by any applicable law to make from any distribution or payment made by it under this Agreement; andand (b) pay all Taxes which may be assessed against it in respect of any of the Security Property, or as a consequence of performing its duties, or by virtue of its capacity as Security Agent 164 EUROPE/75885978v8
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