Indemnified Taxes definition
Examples of Indemnified Taxes in a sentence
Whenever any Indemnified Taxes are payable by the Borrower, as promptly as possible thereafter, the Borrower shall send to the Agent for its own account or for the account of a Lender, as the case may be, a copy of an official receipt (or other evidence acceptable to the Agent or such ▇▇▇▇▇▇, acting reasonably) received by the Borrower showing payment thereof.
If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01 and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 3.06(a), the Borrower may replace such Lender in accordance with Section 11.13.
If any Lender requests compensation under Section 3.04, or if the Borrower is required to pay any Indemnified Taxes or additional amounts to any Lender or any Governmental Authority for the account of any Lender pursuant to Section 3.01 and, in each case, such Lender has declined or is unable to designate a different lending office in accordance with Section 3.06(a), the Borrower may replace such Lender in accordance with Section 10.13.
As soon as practicable after any payment of Indemnified Taxes or Other Taxes by the Borrower to a Governmental Authority, the Borrower shall deliver to the Administrative Agent the original or a certified copy of a receipt issued by such Governmental Authority evidencing such payment, a copy of the return reporting such payment or other evidence of such payment reasonably satisfactory to the Administrative Agent.
The Borrower shall indemnify and hold harmless the Lender, and reimburse the Lender upon its written request, for the amount of any Indemnified Taxes, and the full amount of Indemnified Taxes of any kind imposed by any jurisdiction on amounts payable under this Section 2(j), and any expenses arising therefrom or with respect thereto, regardless of whether the Indemnified Taxes for which indemnity is sought have been correctly or legally asserted.