To Pay Additional Amounts Sample Clauses
The "To Pay Additional Amounts" clause obligates one party, typically the payer, to cover extra sums that may be required due to deductions or withholdings, such as taxes, imposed by governmental authorities. In practice, this means if a payment is subject to withholding tax or similar charges, the payer must increase the payment so that the recipient receives the full amount originally agreed upon, net of any such deductions. This clause ensures that the recipient is not disadvantaged by external charges, thereby allocating the risk of such deductions to the payer and maintaining the intended value of the transaction.
To Pay Additional Amounts. Each Credit Party will, from time to time, promptly pay or make provisions satisfactory to the Lender for the payment of any additional amounts, including Taxes, which may be imposed on such Credit Party by any Applicable Law (except income tax or security transfer tax, if any) which shall be payable with respect to the Facility.
To Pay Additional Amounts. The Company will from time to time promptly pay or make provisions satisfactory to the Debenture Trustee for the payment of any additional amounts, including taxes and charges which may be imposed by the laws of Canada or any province thereof (except income tax or security transfer tax, if any) which shall be payable with respect to the issuance of the Debentures or any Common Shares pursuant to this Debenture Indenture.
To Pay Additional Amounts. The Borrower will, from time to time, promptly pay or make provisions satisfactory to the Lender for the payment of any additional amounts, including Taxes which may be imposed on the Borrower by the laws of Canada or any Province thereof (except income tax or security transfer tax, if any) which shall be payable with respect to the Facility.