Interest and Penalties. If any Borrower or any other applicable Loan Party fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to Lender the required receipts or other required documentary evidence, such Borrower and the other Loan Parties shall jointly and severally indemnify Lender for any incremental Taxes, interest or penalties and reasonable, out-of-pocket costs and expenses (including attorneys' and tax advisor fees and expenses) that may become payable by Lender (or any of its Affiliates) as a result of any such failure.
Appears in 2 contracts
Samples: Credit Agreement (American Shared Hospital Services), Credit Agreement (American Shared Hospital Services)
Interest and Penalties. If any Borrower or any other applicable Loan Party fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to Lender the required receipts or other required documentary evidence, such Borrower and the other Loan Parties shall jointly and severally indemnify Lender for any incremental Taxes, interest or penalties and reasonable, out-of-pocket costs and expenses (including attorneys' β and tax advisor fees and expenses) that may become payable by Lender (or any of its Affiliates) as a result of any such failure.
Appears in 2 contracts
Samples: Credit Agreement (Thorne Healthtech, Inc.), Credit Agreement (Universal Technical Institute Inc)
Interest and Penalties. If any Borrower or any other applicable Loan Party fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to Lender the required receipts or other required documentary evidence, such Borrower and the other Loan Parties shall jointly and severally indemnify Lender for any incremental Taxes, interest or penalties and reasonable, out-of-pocket costs and expenses (including reasonable attorneys' and tax advisor fees and expensesexpenses actually incurred) that may become payable by Lender (or any of its Affiliates) as a result of any such failure.
Appears in 1 contract
Samples: Credit Agreement (Lincoln Educational Services Corp)
Interest and Penalties. If any Borrower or any other applicable Loan Party fails to pay any Taxes when due to the appropriate taxing authority or fails to remit to Lender Agent, for the account of Agent and the respective Lenders, the required receipts or other required documentary evidence, such Borrower and the other Loan Parties shall jointly and severally indemnify Lender Agent and Lenders for any incremental Taxes, interest or penalties and reasonable, out-of-pocket costs and expenses (including attorneys' β and tax advisor fees and expenses) that may become payable by Agent or any Lender (or any of its Affiliates) as a result of any such failure.
Appears in 1 contract
Samples: Revolving Credit Agreement (Mammoth Energy Services, Inc.)