Taxes Representation — Credit Agreement

Description

This smart field captures general tax representations, including that a loan party/obligor has (i) timely filed all tax returns, (ii) paid all applicable taxes that are due and payable and (iii) made adequate provision for any taxes that are being contested in good faith. This smart field does not capture representations relating to withholding tax on payments under the agreement or to other taxes/duties (e.g. stamp duties, registration fees, etc.) payable in respect of the agreement. This smart field was trained on credit, facility and loan agreements.