Common use of No Deduction or Withholding Clause in Contracts

No Deduction or Withholding. All payments made by the Guarantor to the Lender under this Guarantee shall (save insofar as required by law to the contrary) be paid in full without set-off or counterclaim and free and clear of and without any deduction or withholding or payment for or on account of any present or future tax, levy, duty, impost or other charge or withholding of a similar nature. If the Guarantor shall be required by law to effect any such deduction or withholding or payment the Guarantor shall immediately pay to the Lender such additional amount as will result in the immediate receipt by the Lender of the full amount which would otherwise have been received had no such deduction or withholding or payment been made.

Appears in 8 contracts

Samples: Deed of Guarantee and Indemnity (Borqs Technologies, Inc.), Deed of Guarantee and Indemnity (Borqs Technologies, Inc.), Deed of Guarantee and Indemnity (Borqs Technologies, Inc.)

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