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.)
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
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.)
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
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.)