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Loan Agreement Tax Payment Clause


Book Publication Date: Feb 2018
Description: Loan agreement clause requiring the borrower to pay all applicable taxes or, if contesting the payment of taxes, to deposit cash with the lender to cover the taxes being contested
Type: Contract Clauses
PLI Item #: 46887
Practice Area: Asset-based lending, Bank loans, Banking and finance, Bankruptcy and restructuring, Corporate bankruptcy, Corporate finance

Keywords: UCC; article 9; tax; lender; borrower; collateral; lien

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