Common use of Place of Payments, No Set Off Clause in Contracts

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx to such other office of the Agent as the Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction for, any Taxes, provided, however, that if the Borrower shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Agent and the Lenders such documentary evidence for such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may be.

Appears in 2 contracts

Samples: Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp), Term Loan and Revolving Credit Facility Agreement (Marine Transport Corp)

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Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Administrative Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 Xxxx Xxxxxx0 Xxxxxxxx Xxxxx, Xxx Xxxx000 Xxxxxxx Xxxxxxxxx, Xxx Xxxx 00000 xx Xxxxxxxx, Xxxxxxxxxxx or to such other office of the Administrative Agent as the Administrative Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction for, any Taxes, provided, however, that if the Borrower shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Administrative Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 2 contracts

Samples: Credit Agreement (Chiles Offshore LLC), Credit Agreement (Chiles Magellan LLC)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Administrative Agent, not later than 11 10 a.m. New York time (any payment received after 11 10 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 Xxxx 000 Xxxxx Xxxxxx, Xxxxx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx 00000-0000, or to such other office of the Administrative Agent as the Administrative Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction or withholding for, any Taxes, provided, however, that if the Borrower shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Administrative Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Loan Agreement (B Plus H Ocean Carriers LTD)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower Borrowers shall be made to the Administrative Agent, not later than 11 a.m. 3 p.m. New York time (any Orleans time(any payment received after 11 a.m. 3 p.m. New York Orleans time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 Xxxx Xxxxxx228 St. Charles Avenue, Xxx XxxxNew Orleans, Xxx Xxxx 00000 xx Louisiana 70130 or to such other office of the xxxxxx xx xxx Xxxxxxxxxxxxxx Agent as the Administrative Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction for, any Taxes, provided, however, that if the Borrower Borrowers shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower Borrowers shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower Borrowers shall promptly send to the Administrative Agent and the Lenders 31 such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower Borrowers shall be made to the Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. New York time shall be deemed to have been paid on the next Banking Day) in Dollars on the due date dates of such payment, payments to the Administrative Agent at its office located at 200 Xxxx Xxxxxx399 Park Avenue, Xxx XxxxNew York, Xxx Xxxx 00000 xx New York 10043 or to such other office of the Agent as the othxx xxxxxx xx xxx Xxxxxxxxxxxxxx Xxxxx xx xhe Administrative Agent may direct, without set-off or counterclaim and free from, clear of, of and without deduction for, any Taxes, ; provided, however, that if the Borrower Borrowers shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Administrative Agent for the account of the Banks or the Lenders other Creditors hereunder, then then, the Borrower Borrowers shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower Borrowers shall promptly send to the Administrative Agent and the Lenders such any documentary evidence for they have with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may bededuction.

Appears in 1 contract

Samples: Credit Agreement (Overseas Shipholding Group Inc)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower Borrowers shall be made to the Administrative Agent, not later than 11 10 a.m. New York time (any payment received after 11 10 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 Xxxx XxxxxxXxxxxxx-Xxxxxxxxx-Xxxxx 00, Xxx Xxxx00000 Xxxxxxx, Xxx Xxxx 00000 xx Xxxxxxx, or to such other office of the Administrative Agent as the Administrative Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction or withholding for, any Taxes, provided, however, that if the Borrower Borrowers shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower Borrowers shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower Borrowers shall promptly send to the Administrative Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent Lenders, including evidence that the Borrowers have duly paid the withholding or the relevant Lender, deductions as the case may berequired.

Appears in 1 contract

Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Facility Agent, not later than 11 a.m. 3 p.m. New York time (any payment received after 11 a.m. 3 p.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx 00000, XXX or to such other office of the Facility Agent as the Facility Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction or withholding for, any Taxes, ; provided, however, that if the Borrower shall at any time be compelled required by applicable law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received by the Lenders after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Facility Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx or to such other office of the Agent as the Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction for, any Taxes, provided, however, that if the Borrower shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Administrative Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 00 Xxxx 00xx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx or to such other office of the Administrative Agent as the Administrative Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction for, any Taxes, provided, however, that if the Borrower shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Administrative Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Loan Agreement (Omi Corp/M I)

Place of Payments, No Set Off. (a) All payments to be made hereunder by the Borrower Borrowers shall be made to the Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date dates of such paymentpayments to the Agent by wire transfer to The Bank of New York, at its office located at 200 Xxxx XxxxxxNew York, Xxx New York (ABA No. 021000018) for credit to the account of Christiania Bank, Nxx Xxxx, Xxx Xxxx 00000 xx New York (Account No. 8026120277) or to such other office of the Agent place as the Agent may direct, for the account of the Lenders, without set-off or counterclaim and free from, clear of, of and without deduction for, for any Taxes, provided, however, that if the Borrower Borrowers shall at any time be compelled required by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower Borrowers shall jointly and severally (1) pay directly to the relevant taxing authority the full amount required to be deducted or withheld, (2) pay to the Agent for the account of the Lenders such additional amounts in Dollars as may be necessary in order to ensure that the net amounts received after any such withholding or deduction by each Lender shall equal the full amounts which such Lender would have been received if such withholding or deduction were not required andrequired, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall and (3) promptly send to the Agent and an official receipt or other documentary evidence satisfactory to the Agent evidencing such payment to such authority. Notwithstanding the preceding sentence, the Borrowers shall not be required to pay additional amounts or otherwise indemnify the Lenders such documentary evidence for such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may be.on account of:

Appears in 1 contract

Samples: Credit Facility Agreement (Reading & Bates Corp)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Facility Agent, not later than 11 a.m. 3 p.m. New York time (any payment received after 11 a.m. 3 p.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 Xxxx XxxxxxPark Avenue, Xxx XxxxNew York, Xxx Xxxx 00000 xx New York 10166 or to such other office of the Facility Agent as the Facility Agent may direct, without setxxxxxxx xxx-off or counterclaim and free xxx xx xxxxxxxxxxxx xxx xxxe from, clear of, and without deduction for, any Taxes, provided, however, that if the Borrower shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Facility Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Loan Agreement (International Shipholding Corp)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx or to such other office of the Agent as the Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction for, any Taxes, provided, however, that that, subject to such Lender's compliance with Section 7.2 below, if the Borrower shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Credit Agreement (NRG Generating U S Inc)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower Borrowers shall be made to the Administrative Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. New York time shall be deemed to have been paid on the next Banking Business Day) on the due date of such payment, at its office located at 200 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx or to such other office of the Administrative Agent as the Administrative Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction or withholding for, any Taxes (other than Excluded Taxes), provided, however, that if the Borrower Borrowers shall at any time be compelled by law to withhold or deduct any Taxes (other than Excluded Taxes) from any amounts payable to the Agent or the Lenders hereunder, then the Borrower Borrowers shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower Borrowers shall promptly send to the Administrative Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Pledge Agreement (Stolt Nielsen S A)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower Borrowers shall be made to the Administrative Agent, not later than 11 10 a.m. New York time (any payment received after 11 10 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 Xxxx Xxxxxx609 Fifth Avenue, Xxx XxxxFifth Floor, Xxx Xxxx 00000 New York, New York 10017-1021, or to sxxx xxxxx xxxxxx xx to such other office of the Agent as the xxx Xxxxxxxxxxxxxx Xxxxx xx xxx Xxxxxxxxrative Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction or withholding for, any Taxes, provided, however, that if the Borrower Borrowers shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower Borrowers shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower Borrowers shall promptly send to the Administrative Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Credit Facility Agreement (Top Tankers Inc.)

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Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Facility Agent, not later than 11 a.m. 3 p.m. New York time (any payment received after 11 a.m. 3 p.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 Xxxx Xxxxxx30 Xxxxxx Yards, Xxx Xxxx81st Floor, Xxx Xxxx 00000 xx New York, New York 10001, USA or to such other office of the Facility Agent as the Facility Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction or withholding for, any Taxes, ; provided, however, that if the Borrower shall at any time be compelled required by applicable law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received by the Lenders after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Facility Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Credit Agreement (SEACOR Marine Holdings Inc.)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Syndication Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx or to such other office of the Syndication Agent as the Syndication Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction for, any Taxes, provided, however, that if the Borrower shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Administrative Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Consent and Agreement (Omi Corp/M I)

Place of Payments, No Set Off. All payments to be made hereunder by each of the Borrower Borrowers shall be made to the Facility Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. 3 p.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx 00000, XXX or to such other office of the Facility Agent as the Facility Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction or withholding for, any TaxesTaxes except as compelled by law, provided, however, that if any of the Borrower Borrowers shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the such Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received by the Lenders after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the such Borrower shall promptly send to the Facility Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Consent and Agreement (SEACOR Marine Holdings Inc.)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower Borrowers shall be made to the Administrative Agent, not later than 11 10 a.m. New York time (any payment received after 11 10 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 Xxxx XxxxxxGxxxxxx-Xxxxxxxxx-Xxxxx 00, Xxx Xxxx00000 Xxxxxxx, Xxx Xxxx 00000 xx Xxxxxxx, or to such other office of the Administrative Agent as the Administrative Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction or withholding for, any Taxes, provided, however, that if the Borrower Borrowers shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower Borrowers shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower Borrowers shall promptly send to the Administrative Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent Lenders, including evidence that the Borrowers have duly paid the withholding or the relevant Lender, deductions as the case may berequired.

Appears in 1 contract

Samples: Senior Secured Term Credit Facility Agreement (Top Ships Inc.)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date dates of such payment, payments to the Facility Agent at its office located at 200 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx or to such other office branch of the Facility Agent as the Facility Agent may direct, without set-off or counterclaim and free from, clear of, of and without deduction for, any Taxes, provided, however, that if the Borrower shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or Agents and the Lenders hereunder, then then, subject to Section 7.2, the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Facility Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent Agents and the Lenders or the relevant Lender, as the case may beany thereof.

Appears in 1 contract

Samples: Assignment and Assumption Agreement (Seacor Holdings Inc /New/)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Facility Agent, not later than 11 10 a.m. New York time (any payment received after 11 10 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 Xxxx XxxxxxXxxxxxxx 0, 0000 XX Xxxxxxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx Xxxxxxxxxxx or to such other office of the Facility Agent as the Facility Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction for, any Taxes, provided, however, that if the Borrower shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Facility Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Lenders. The Borrower shall send, or cause to be sent, a SWIFT message to the Facility Agent or confirming the relevant Lender, as remittance of any payment hereunder at the case may betime such payment is made.

Appears in 1 contract

Samples: Restatement of Loan Agreement (Gulfmark Offshore Inc)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower shall be made to the Administrative Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 00 Xxxx 00xx Xxxxxx, 0xx Xxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx or to such other office of the Administrative Agent as the Administrative Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction for, any Taxes, provided, however, that if the Borrower shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders Banks hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower shall promptly send to the Administrative Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beBanks.

Appears in 1 contract

Samples: Agreement (Omi Corp/M I)

Place of Payments, No Set Off. All payments to be made hereunder by the Borrower Borrowers shall be made to the Facility Agent, not later than 11 10 a.m. New York City time (any payment received after 11 10 a.m. New York City time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 Xxxx 0 Xxxxxx Xxxxxx, Xxx XxxxXxxxxx X00 0XX, Xxx Xxxx 00000 xx Xxxxxx Xxxxxxx or to such other office of the Facility Agent as the Facility Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction for, any Taxes, provided, however, that if the Borrower Borrowers shall at any time be compelled by law to withhold or deduct any Taxes from any amounts payable to the Agent or the Lenders hereunder, then the Borrower Borrowers shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Taxes or otherwise, the Borrower Borrowers shall promptly send to the Facility Agent and the Lenders such documentary evidence for with respect to such withholding or deduction as may be required from time to time by the Agent or the relevant Lender, as the case may beLenders.

Appears in 1 contract

Samples: Credit Agreement (International Shipholding Corp)

Place of Payments, No Set Off. (a) All payments to be made hereunder by the Borrower shall be made to the Administrative Agent, not later than 11 a.m. New York time (any payment received after 11 a.m. New York time shall be deemed to have been paid on the next Banking Day) on the due date of such payment, at its office located at 200 000 Xxxx Xxxxxx, Xxx Xxxx, Xxx Xxxx 00000 xx XX 00000-0000 or to such other office of the Administrative Agent as the Administrative Agent may direct, without set-off or counterclaim and free from, clear of, and without deduction for, any Non-Excluded Taxes, provided, however, that if the Borrower shall at any time be compelled by law to withhold or deduct any Non-Excluded Taxes from any amounts payable to the Agent or the Lenders Creditors hereunder, then the Borrower shall pay such additional amounts in Dollars as may be necessary in order that the net amounts received after any such withholding or deduction shall equal the amounts which would have been received if such withholding or deduction were not required and, in the event any withholding or deduction is made, whether for Non-Excluded Taxes or otherwise, the Borrower shall promptly send to the Agent Administrative Agent, as soon as practicable after making such payment and the Lenders such withholding, documentary evidence for of such withholding or deduction as may be required from time reasonably satisfactory to time by the Agent or the relevant Lender, as the case may be.Administrative Agent;

Appears in 1 contract

Samples: Credit Facility Agreement (K-Sea Transportation Partners Lp)

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