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EVOL » Topics » 19.2 Gross-up

These excerpts taken from the EVOL 8-K filed Nov 17, 2005.

19.2                        Gross-up

 

If the Company is compelled by law to make any deduction or withholding from any sum payable under this Deed to the Collateral Agent or any other Lender Party, the sum so payable by the Company shall be increased so as to result in the receipt by the Collateral Agent or such other Lender Party of a net amount equal to the full amount expressed to be payable under this Deed.

 

19.2                        Gross-up

 

If the Company is compelled by law to make any deduction or withholding from any sum payable under this Deed to the Collateral Agent or any other Lender Party, the sum so payable by the Company shall be increased so as to result in the receipt by the Collateral Agent or such other Lender Party of a net amount equal to the full amount expressed to be payable under this Deed.

 

22.2                        Gross-up

 

If any Charging Company is compelled by law to make any deduction or withholding from any sum payable under this Deed to the Collateral Agent or to any other Lender Party, the sum so payable by such Charging Company shall be increased so as to result in the receipt by

 

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the Collateral Agent or such other Lender Party of a net amount equal to the full amount expressed to be payable under this Deed.

 

EXCERPTS ON THIS PAGE:

8-K (3 sections)
Nov 17, 2005

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