Common use of Exclusion of Set Off Clause in Contracts

Exclusion of Set Off. 11.1 All payments due by the Guarantors under this Guarantee will be made without any retention, deduction, set-off or counterclaim and free from any deduction or withholding for or on account of any taxes or other charges in the nature of taxes imposed by any competent authority. If any such deduction or withholding shall be required by law the Guarantors will pay the Landlords such additional amount as may be necessary to ensure that the Landlords receive the full amount of the relevant payment as if such deduction or withholding had not been made. 11.2 The Guarantors will not be entitled to withhold or restrict performance of any obligation by them under this Guarantee by reason of any purported right or claim of retention, set off or counterclaim or for any other reason.

Appears in 4 contracts

Samples: Credit, Security and Guaranty Agreement, Credit, Security and Guaranty Agreement (Quotient LTD), Guarantee

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Exclusion of Set Off. 11.1 All payments due by the Guarantors Guarantor under this Guarantee will be made without any retention, deduction, set-off or counterclaim and free from any deduction or withholding for or on account of any taxes or other charges in the nature of taxes imposed by any competent authority. If any such deduction or withholding shall be is required by law the Guarantors Guarantor will pay the Landlords Landlord such additional amount as may be necessary to ensure that the Landlords receive Landlord receives the full amount of the relevant payment as if such deduction or withholding had not been made. 11.2 The Guarantors Guarantor will not be entitled to withhold or restrict performance of any obligation by them it under this Guarantee by reason of any purported right or claim of retention, set off or counterclaim or for any other reason.

Appears in 1 contract

Samples: Guarantee

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Exclusion of Set Off. 11.1 All payments due by the Guarantors under this Guarantee will be made without any retention, deduction, set-off or counterclaim and free from any deduction or withholding for or on account of any taxes or other charges in the nature of taxes imposed by any competent authority. If any such deduction or withholding shall be required by law the Guarantors will pay the Landlords such additional amount as may be necessary to ensure that the Landlords receive the full amount of the relevant payment as if such deduction or withholding had not been made. 11.2 . The Guarantors will not be entitled to withhold or restrict performance of any obligation by them under this Guarantee by reason of any purported right or claim of retention, set off or counterclaim or for any other reason.

Appears in 1 contract

Samples: Credit, Security and Guaranty Agreement (Quotient LTD)

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