Common use of Stamp or Other Taxes Clause in Contracts

Stamp or Other Taxes. The Borrower agrees to pay any and all documentary, intangible stamp or excise taxes now or hereafter payable in respect to this Agreement and the other Loan Documents or any modification thereof, and shall hold the Lender harmless with respect thereto. The Borrower further agrees that Lender may deduct from any account of the Borrower the amount of any such documentary or intangible stamp or tax payable, the decision of the Lender as to the amount thereof to be conclusive, absent manifest error.

Appears in 9 contracts

Samples: Loan Agreement (Vpgi Corp), Loan Agreement (Touchstone Resources Usa, Inc.), Loan Agreement (Stellar Technologies, Inc.)

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Stamp or Other Taxes. The Borrower agrees to pay any and all ------------------------ documentary, intangible stamp or excise taxes now or hereafter payable in respect to this Agreement and the other Loan Documents or any modification thereof, and shall hold the Lender harmless with respect thereto. The Borrower further agrees that Lender may deduct from any account of the Borrower the amount of any such documentary or intangible stamp or tax payable, the decision of the Lender as to the amount thereof to be conclusive, absent manifest error.

Appears in 1 contract

Samples: Loan Agreement (Trimedia Entertainment Group Inc)

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