Common use of GROSS UP OF PAYMENTS Clause in Contracts

GROSS UP OF PAYMENTS. All payments must be made by the Borrower withoutsetoffor counterclaimandfreeandclearofall deductions, including (without limitation) withholding taxes. If the Borrower is compelled by law or regulation to deduct any such amount, the amount payable hereunder will be automatically increased so that the net amount after allowing for such deduction would be equal to the amount which would have been payable if no such deduction had arisen.

GROSS UP OF PAYMENTS. All payments must be made by the Borrower withoutsetoffor counterclaimandfreeandclearofall without set off or counterclaim and free and clear of all deductions, including (without limitation) withholding taxes. If the Borrower is compelled by law or regulation to deduct any such amount, the amount payable hereunder will be automatically increased so that the net amount after allowing for such deduction would be equal to the amount which would have been payable if no such deduction had arisen.

GROSS UP OF PAYMENTS. All payments must be made by the Borrower withoutsetoffor counterclaimandfreeandclearofall without set- off or counter-claim and free and clear of all deductions, including (without limitation) withholding taxes. If the Borrower is compelled by law or regulation to deduct any such amount, the amount payable hereunder will be automatically increased so that the net amount after allowing for such deduction would be equal to the amount which would have been payable if no such deduction had arisen.

GROSS UP OF PAYMENTS. All payments must be made by the Borrower withoutsetoffor counterclaimandfreeandclearofall without set-off or counter-claim and free and clear of all deductions, including (without limitation) withholding taxes. If the Borrower is compelled by law or regulation to deduct any such amount, the amount payable hereunder will be automatically increased so that the net amount after allowing for such deduction would be equal to the amount which would have been payable if no such deduction had arisen.