Common use of Taxes and Regulatory Costs Clause in Contracts

Taxes and Regulatory Costs. Company shall also pay Xxxxx Fargo with respect to any LIBOR Advance all (i) withholdings, interest equalization taxes, stamp taxes or other taxes (except income and franchise taxes) imposed by any domestic or foreign governmental authority that are related to LIBOR, and (ii) future, supplemental, emergency or other changes in the LIBOR Reserve Percentage, the assessment rates imposed by the Federal Deposit Insurance Corporation, or similar costs imposed by any domestic or foreign governmental authority or resulting from compliance by Xxxxx Fargo with any request or directive (whether or not having the force of law) from any central bank or other governmental authority that are related to LIBOR but not otherwise included in the calculation of LIBOR. In determining which of these amounts are attributable to an existing LIBOR Advance, any reasonable allocation made by Xxxxx Fargo among its operations shall be deemed conclusive and binding.

Appears in 4 contracts

Samples: Credit and Security Agreement (Winnebago Industries Inc), Credit and Security Agreement (Capstone Turbine Corp), Credit and Security Agreement (Winnebago Industries Inc)

AutoNDA by SimpleDocs

Taxes and Regulatory Costs. Company shall also pay Xxxxx Wxxxx Fargo with respect to any LIBOR Advance all (i) withholdings, interest equalization taxes, stamp taxes or other taxes (except income and franchise taxes) imposed by any domestic or foreign governmental authority that are related to LIBOR, and (ii) future, supplemental, emergency or other changes in the LIBOR Reserve Percentage, the assessment rates imposed by the Federal Deposit Insurance Corporation, or similar costs imposed by any domestic or foreign governmental authority or resulting from compliance by Xxxxx Wxxxx Fargo with any request or directive (whether or not having the force of law) from any central bank or other governmental authority that are related to LIBOR but not otherwise included in the calculation of LIBOR. In determining which of these amounts are attributable to an existing LIBOR Advance, any reasonable allocation made by Xxxxx Wxxxx Fargo among its operations shall be deemed conclusive and binding.

Appears in 3 contracts

Samples: Credit and Security Agreement (Merrimac Industries Inc), Credit and Security Agreement (Iridex Corp), Wells Fargo Business Credit Credit and Security Agreement (Iridex Corp)

Taxes and Regulatory Costs. Company Companies shall also pay Xxxxx Fargo with respect to any LIBOR Advance all (i) withholdings, interest equalization taxes, stamp taxes or other taxes (except income and franchise taxes) imposed by any domestic or foreign governmental authority that are related to LIBOR, and (ii) future, supplemental, emergency or other changes in the LIBOR Reserve Percentage, the assessment rates imposed by the Federal Deposit Insurance Corporation, or similar costs imposed by any domestic or foreign governmental authority or resulting from compliance by Xxxxx Fargo with any request or directive (whether or not having the force of law) from any central bank or other governmental authority that are related to LIBOR but not otherwise included in the calculation of LIBOR. In determining which of these amounts are attributable to an existing LIBOR Advance, any reasonable allocation made by Xxxxx Fargo among its operations shall be deemed conclusive and binding.

Appears in 2 contracts

Samples: Credit and Security Agreement (Phoenix Footwear Group Inc), Credit and Security Agreement (Phoenix Footwear Group Inc)

AutoNDA by SimpleDocs

Taxes and Regulatory Costs. Company Borrower shall also pay Xxxxx Fargo with respect to any LIBOR Advance all (i) withholdings, interest equalization taxes, stamp taxes or other taxes (except income and franchise taxes) imposed by any domestic or foreign governmental authority that are related to LIBOR, and (ii) future, supplemental, emergency or other changes in the LIBOR Reserve Percentage, the assessment rates imposed by the Federal Deposit Insurance Corporation, or similar costs imposed by any domestic or foreign governmental authority or resulting from compliance by Xxxxx Fargo with any request or directive (whether or not having the force of law) from any central bank or other governmental authority that are related to LIBOR but not otherwise included in the calculation of LIBOR. In determining which of these amounts are attributable to an existing LIBOR Advance, any reasonable allocation made by Xxxxx Fargo among its operations shall be deemed conclusive and binding.

Appears in 1 contract

Samples: Credit and Security Agreement (Command Security Corp)

Time is Money Join Law Insider Premium to draft better contracts faster.