Common use of Method of Payments Clause in Contracts

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 16 contracts

Samples: Guarantee and Negative Pledge (DryShips Inc.), Guarantee (International Seaways, Inc.), Guarantee (Norwegian Cruise Line Holdings Ltd.)

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Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee Agent acting on behalf of the other Creditor Parties may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 7 contracts

Samples: Guarantee, Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee Lender may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 6 contracts

Samples: Guarantee (EuroDry Ltd.), Supplemental Agreement (TBS International PLC), Supplemental Agreement (TBS International PLC)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee Owner may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction or withholding for or on account of any tax payable under any law of relevant jurisdictions except a tax deduction which the Guarantor is required by law to make.

Appears in 6 contracts

Samples: Guarantee (Top Ships Inc.), Guarantee (Top Ships Inc.), Guarantee (Top Ships Inc.)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction Tax Deduction except a tax deduction Tax Deduction which the Guarantor is required by law to make.

Appears in 5 contracts

Samples: Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.), Guarantee (Norwegian Cruise Line Holdings Ltd.)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee Lender may from time to time notify to the Guarantor; (c) without any form of set-offset‑off, cross-claim cross‑claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 4 contracts

Samples: Guarantee (Seanergy Maritime Holdings Corp.), Guarantee (Seanergy Maritime Holdings Corp.), Guarantee (Pyxis Tankers Inc.)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee may from time to time notify to the Guarantor; (c) without any form of set-offset‑off, cross-claim cross‑claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 4 contracts

Samples: Guarantee (EuroDry Ltd.), Guarantee (EuroDry Ltd.), Guarantee (Euronav NV)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee may from time to time notify to the Guarantor; (c) without any form of set-set off, cross-cross claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 3 contracts

Samples: Guarantee (Capital Product Partners L.P.), Guarantee (Capital Product Partners L.P.), Guarantee (Pyxis Tankers Inc.)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee Owner may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction or withholding for or on account of any tax payable under the laws of its Relevant Jurisdictions except a tax deduction or withholding which the Guarantor is required by law to make.

Appears in 3 contracts

Samples: Guarantee (United Maritime Corp), Guarantee (United Maritime Corp), Guarantee (United Maritime Corp)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee Owner may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction or withholding for or on account of any tax payable except a tax deduction or withholding which the Guarantor is required by law to make.

Appears in 3 contracts

Samples: Guarantee, Guarantee, Guarantee

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee Issuer may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 2 contracts

Samples: Guarantee (TBS International PLC), Guarantee Facility Agreement (TBS International LTD)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee Owner may from time to time notify to the Guarantor; (c) without any form of set-offset‑off, cross-claim cross‑claim or condition; and (d) free and clear of any tax deduction or withholding for or on account of any tax payable under any law of its Original Jurisdiction except a tax deduction or withholding which the Guarantor is required by such law to make.

Appears in 2 contracts

Samples: Guarantee (Seanergy Maritime Holdings Corp.), Guarantee (Seanergy Maritime Holdings Corp.)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee Mortgagee may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 1 contract

Samples: Guarantee (TBS International PLC)

Method of Payments. Any amount due under this Guarantee shall be paid:; (a) in immediately available funds; (b) to such account as the Security Trustee Lender may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 1 contract

Samples: Guarantee (Box Ships Inc.)

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Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction except a tax deduction deductibn which the Guarantor is required by law to make.

Appears in 1 contract

Samples: Guarantee (EuroDry Ltd.)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee Holder may from time to time notify to the Guarantor; (c) without any form of set-offset‑off, cross-claim cross‑claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 1 contract

Samples: Guarantee (Seanergy Maritime Holdings Corp.)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee may from time to time notify to the Corporate Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Corporate Guarantor is required by law to make.

Appears in 1 contract

Samples: Guarantee (DryShips Inc.)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) and free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 1 contract

Samples: Guarantee (EuroDry Ltd.)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) : in immediately available funds; (b) ; to such account as the Security Trustee may from time to time notify to the Guarantor; (c) ; without any form of set-offset‑off, cross-claim cross‑claim or condition; and (d) and free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 1 contract

Samples: Guarantee (Scorpio Tankers Inc.)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds; (b) to such account as the Security Trustee Beneficiaries may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 1 contract

Samples: Performance Guarantee (Ship Finance International LTD)

Method of Payments. Any amount due under this Guarantee shall be paid: (a) in immediately available funds;; and (b) to such account as the Security Trustee may from time to time notify to the Guarantor; (c) without any form of set-off, cross-claim or condition; and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to make.

Appears in 1 contract

Samples: Guarantee (EuroDry Ltd.)

Method of Payments. Any amount due under this Guarantee shall be paid: : (a) in immediately available funds; ; (b) to such account as the Security Trustee may from time to time notify to the Guarantor; ; (c) without any form of set-off, cross-claim or condition; and and (d) free and clear of any tax deduction except a tax deduction which the Guarantor is required by law to makemake (including, but not limited to, a FATCA Deduction).

Appears in 1 contract

Samples: Guarantee (DryShips Inc.)

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