Examples of Tax Indemnification Agreement in a sentence
Nothing in this Section 4 shall be deemed to require any payment on account of Taxes other than Taxes that are otherwise expressly payable by the User Lessee under the Operative Documents including, without limitation, Section 15 of the Participation Agreement and under the Tax Indemnification Agreement.
All taxes or assessments levied against the Trust shall be the sole responsibility of the party upon whom said taxes and assessments are levied unless such taxes or assessments are levied directly against one of them on behalf of any or all of the them; provided that nothing herein shall in any way alter the User’s, the State’s or the Authority’s obligations under the Tax Indemnification Agreement or under Section 15 of the Participation Agreement.
The Authority shall not file any report or return that is required to be filed with respect to any Taxes that are subject to indemnification under this Section 15(c) in a manner inconsistent with the Trust’s interest in the Facility pursuant to the Head Lease, as described in Section 19 of the Tax Indemnification Agreement.
By: Its: Signature Page to Tax Indemnification Agreement IN WITNESS HEREOF, the parties hereto have entered into and executed this Indemnification Agreement as on the date first written above.