Example ContractsClausesexemptionVariants
Exemption
Exemption contract clause examples

Each Lender shall promptly furnish to [[Borrowers:Organization]] and the Administrative Agent such additional documents as may be reasonably required by [[Borrowers:Organization]] or the Administrative Agent to establish any exemption from or reduction of any Taxes or Other Taxes required to be deducted or withheld and which may be obtained without undue unreimbursed expense to such Lender. Notwithstanding any other provision of this Section 2.14(E), the Borrowers shall not be obligated to gross up any payments to any Lender pursuant to [Section 2.14(E)(i)], or to indemnify any Lender pursuant to [Section 2.14(E)(iii)], in respect of withholding taxes to the extent imposed as a result of # the failure of such Lender to deliver to [[Borrowers:Organization]] the form or forms and/or an Exemption Certificate, as applicable to such Lender, pursuant to [Section 2.14(E)(vi), (y)])] such form or forms and/or Exemption Certificate or the information or certifications made therein by the Lender being untrue or inaccurate on the date delivered in any material respect or # the Lender designating a successor Lending Installation at which it maintains its Loans which has the effect of causing such Lender to become obligated for tax payments in excess of those in effect immediately prior to such designation; provided, however, that the Borrowers shall be obligated to gross up any payments to any such Lender pursuant to [Section 2.14(E)(i)], and to indemnify any such Lender pursuant to [Section 2.14(E)(iii)], in respect of withholding taxes if # any such failure to deliver a form or forms or an Exemption Certificate or the failure of such form or forms or exemption certificate to establish a complete exemption from withholding tax or inaccuracy or untruth contained therein resulted from a change in any applicable statute, treaty, regulation or other applicable law or any interpretation of any of the foregoing occurring after the date such Lender became a party hereto, which change rendered such Lender no longer legally entitled to deliver such form or forms or Exemption Certificate or otherwise ineligible for a complete exemption from withholding tax, or rendered the information or the certifications made in such form or forms or Exemption Certificate untrue or inaccurate in any material respect, # the redesignation of the Lender’s Lending Installation was made at the request of any Borrower or # the obligation to gross up payments to any such Lender pursuant to [Section 2.14(E)(i)], or to indemnify any such Lender pursuant to [Section 2.14(E)(iii)], is with respect to a Purchaser that becomes a Purchaser as a result of an assignment made at the request of any Borrower.

Each Lender shall promptly furnish to the Company and the Administrative Agent such additional documents as may be reasonably required by the Company or the Administrative Agent to establish any exemption from or reduction of any Taxes or Other Taxes required to be deducted or withheld and which may be obtained without undue unreimbursed expense to such Lender. Notwithstanding any other provision of this [Section 2.14(E)], the Borrowers shall not be obligated to gross up any payments to any Lender pursuant to [Section 2.14(E)(i)], or to indemnify any Lender pursuant to [Section 2.14(E)(iii)], in respect of withholding taxes to the extent imposed as a result of # the failure of such Lender to deliver to the Company the form or forms and/or an Exemption Certificate, as applicable to such Lender, pursuant to [Section 2.14(E)(vi), (y)])] such form or forms and/or Exemption Certificate or the information or certifications made therein by the Lender being untrue or inaccurate on the date delivered in any material respect or # the Lender designating a successor Lending Installation at which it maintains its Loans which has the effect of causing such Lender to become obligated for tax payments in excess of those in effect immediately prior to such designation; provided, however, that the Borrowers shall be obligated to gross up any payments to any such Lender pursuant to [Section 2.14(E)(i)], and to indemnify any such Lender pursuant to [Section 2.14(E)(iii)], in respect of withholding taxes if # any such failure to deliver a form or forms or an Exemption Certificate or the failure of such form or forms or exemption certificate to establish a complete exemption from withholding tax or inaccuracy or untruth contained therein resulted from a change in any applicable statute, treaty, regulation or other applicable law or any interpretation of any of the foregoing occurring after the date such Lender became a party hereto, which change rendered such Lender no longer legally entitled to deliver such form or forms or Exemption Certificate or otherwise ineligible for a complete exemption from withholding tax, or rendered the information or the certifications made in such form or forms or Exemption Certificate untrue or inaccurate in any material respect, # the redesignation of the Lender’s Lending Installation was made at the request of any Borrower or # the obligation to gross up payments to any such Lender pursuant to [Section 2.14(E)(i)], or to indemnify any such Lender pursuant to [Section 2.14(E)(iii)], is with respect to a Purchaser that becomes a Purchaser as a result of an assignment made at the request of any Borrower.

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