Common use of Tax Credits Clause in Contracts

Tax Credits. A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have made an increased payment under Clause 23.2 shall pay to the Borrowers a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers in respect of which the Borrowers made the increased payment, provided that:

Appears in 11 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Quartet Holdco Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)

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Tax Credits. A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have Borrower has made an increased payment under Clause 23.2 shall pay to the Borrowers Borrower a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers Borrower in respect of which the Borrowers Borrower made the increased payment, provided that:

Appears in 8 contracts

Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Credit Agreement (Scorpio Bulkers Inc.), Loan Agreement (Dorian LPG Ltd.)

Tax Credits. A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have Borrower has made an increased payment under Clause 23.2 22.2 shall pay to the Borrowers Borrower a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers Borrower in respect of which the Borrowers Borrower made the increased payment, provided that:

Appears in 5 contracts

Samples: Loan Agreement (GasLog Ltd.), Loan Agreement (Seacastle Inc.), Loan Agreement (Britannia Bulk Holdings Inc)

Tax Credits. A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have Borrower has made an increased payment under Clause 23.2 21.2 shall pay to the Borrowers Borrower a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers Borrower in respect of which the Borrowers Borrower made the increased payment, provided that:

Appears in 3 contracts

Samples: Loan Agreement (GasLog Ltd.), Agreement (Navios Maritime Acquisition CORP), Agreement (Navios Maritime Holdings Inc.)

Tax Credits. A Creditor Party which receives for its own account a repayment or obtains relief or credit in respect of tax on account paid or otherwise payable by it in respect of which or calculated by reference to the Borrowers have made an increased payment made by a Borrower under Clause 23.2 22.2 shall pay to the Borrowers relevant Borrower a sum equal to the proportion of the repayment repayment, relief or credit which that Creditor Party allocates to the amount due from the Borrowers that Borrower in respect of which the Borrowers that Borrower made the increased payment, provided that:

Appears in 3 contracts

Samples: Loan Agreement (TBS International PLC), Loan Agreement (TBS International LTD), Loan Agreement (TBS International PLC)

Tax Credits. A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have a Borrower has made an increased payment under Clause 23.2 22.2 shall pay to the Borrowers that Borrower a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers that Borrower in respect of which the Borrowers that Borrower made the increased payment, provided that:

Appears in 3 contracts

Samples: Agreement (Seanergy Maritime Holdings Corp.), Agreement (Seanergy Maritime Holdings Corp.), Agreement (Seanergy Maritime Holdings Corp.)

Tax Credits. A If a Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have Borrower has made an increased payment under Clause 23.2 22.2, it shall pay to the Borrowers Borrower a sum equal to the proportion of the repayment or credit which that Creditor Party it allocates to the amount due from the Borrowers Borrower in respect of which the Borrowers Borrower made the increased payment, provided that:

Appears in 2 contracts

Samples: Loan Agreement (Euronav NV), Agreement (Euronav NV)

Tax Credits. A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have Borrower has made an increased payment under Clause 23.2 20.2 shall pay to the Borrowers Borrower a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers Borrower in respect of which the Borrowers Borrower made the increased payment, provided thatbut:

Appears in 1 contract

Samples: Loan Agreement (DryShips Inc.)

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Tax Credits. A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have a Borrower has made an increased payment under Clause 23.2 22.2, it shall pay to the Borrowers that Borrower a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers that Borrower in respect of which the Borrowers that Borrower made the increased payment, provided however that:

Appears in 1 contract

Samples: Loan Agreement (Mc Shipping Inc)

Tax Credits. A If any Creditor Party which receives for its own account a repayment repayment, benefit or credit in respect of tax on account of which the Borrowers have Borrower has made an increased payment under Clause 23.2 23.2, it shall pay to the Borrowers Borrower a sum equal to the proportion of the repayment repayment, benefit or credit which that Creditor Party allocates to the amount due from the Borrowers Borrower in respect of which the Borrowers Borrower made the increased payment, provided thatpayment but:

Appears in 1 contract

Samples: Loan Agreement (Tsakos Energy Navigation LTD)

Tax Credits. A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have made an increased payment under Clause 23.2 shall pay to the Borrowers Relevant Borrower a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers in respect of which the Borrowers Relevant Borrower made the increased payment, provided that:

Appears in 1 contract

Samples: Loan Agreement (Scorpio Tankers Inc.)

Tax Credits. A Creditor Party which receives for its own account a repayment or credit in respect of tax on account of which the Borrowers have Borrower has made an increased payment under Clause 23.2 24.2 shall pay to the Borrowers Borrower a sum equal to the proportion of the repayment or credit which that Creditor Party allocates to the amount due from the Borrowers Borrower in respect of which the Borrowers Borrower made the increased payment, provided thatbut:

Appears in 1 contract

Samples: Loan and Guarantee Facility Agreement (DryShips Inc.)

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