Common use of TAXES, DUTIES AND FEES Clause in Contracts

TAXES, DUTIES AND FEES. Each Borrower shall pay all Taxes, duties, fees and other impositions of whatsoever nature, including stamp duty and registration fees, arising out of the execution or implementation of this Contract or any related document and in the creation, perfection, registration or enforcement of any security for the Loan to the extent applicable. Each Borrower shall pay all principal, interest, indemnities and other amounts due by it under this Contract gross without deduction of any national or local impositions whatsoever, save as may be required by applicable law. If any of the Borrowers is obliged under applicable law to make any such deduction, it will gross up the payment to the Bank so that after such deduction, the net amount received by the Bank is equivalent to the sum due.

TAXES, DUTIES AND FEES. Each The Borrower shall pay all Taxes, duties, fees and other impositions of whatsoever nature, including stamp duty and registration fees, arising out of the execution or implementation of this Contract or any related document and in the creation, perfection, registration or enforcement of any security for the Loan to the extent applicable. Each The Borrower shall pay all principal, return under Article 3.01, interest, indemnities and other amounts due by it under this Contract gross without deduction of any national or local impositions whatsoever; provided that, save as may be required by applicable law. If any of if the Borrowers Borrower is obliged under applicable law to make any such deduction, it the Borrower will gross up the payment to the Bank so that after such deduction, the net amount received by the Bank is equivalent to the sum due.