Common use of No Deductions or Withholdings Clause in Contracts

No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by the Borrower pursuant to the Security Documents shall, subject only to Clause 15.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and the Borrower will not claim any equity in respect of any payment due from them to the Banks or to the Agent under or in relation to any of the Security Documents.

Appears in 7 contracts

Samples: Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc), Secured Reducing Revolving Loan Facility Agreement (Gulfmark Offshore Inc)

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No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by the Borrower to the Lender Finance Parties pursuant to the Security Documents shall, subject only to Clause 15.3clause 13.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and the Borrower will not claim any equity in respect of any payment due from them to the Banks or to the Agent Lender Finance Parties under or in relation to any of the Security Documents.

Appears in 4 contracts

Samples: Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.), Loan Agreement (Teekay LNG Partners L.P.)

No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by the Borrower Borrowers pursuant to the Security Documents shall, subject only to Clause 15.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and the Borrower Borrowers will not claim any equity in respect of any payment due from them to the Banks or to the Agent under or in relation to any of the Security Documents.

Appears in 3 contracts

Samples: Secured Reducing Revolving Loan Facility Agreement, Secured Reducing Revolving Loan Facility Agreement (Teekay LNG Partners L.P.), Secured Reducing Revolving Loan Facility Agreement (Teekay Shipping Corp)

No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by the Borrower pursuant to the Security Documents shall, subject only to Clause 15.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and the Borrower will not claim any equity in respect of any payment due from them it to the Banks or to the Agent under or in relation to any of the Security Documents.

Appears in 3 contracts

Samples: Loan Facility Agreement, Loan Facility Agreement (Teekay Shipping Corp), Loan Facility Agreement (Teekay Offshore Partners L.P.)

No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by the Borrower pursuant to the Security Documents shall, subject only to Clause 15.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and the Borrower will not claim any equity in respect of any payment due from them to the Banks or to the Agent under or in relation to any of the Security Documents.

Appears in 2 contracts

Samples: Loan Facility Agreement (Usg Corp), Secured Loan Facility Agreement (Usg Corp)

No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by the Borrower and/or the Guarantor pursuant to the Security Documents shall, subject only to Clause 15.317.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and neither the Borrower nor the Guarantor will not claim any equity in respect of any payment due from them it to the Banks or to the Agent under or in relation to any of the Security Documents.

Appears in 2 contracts

Samples: Deed of Amendment and Restatement (Stolt Offshore S A), Loan Agreement (Stolt Comex Seaway S A)

No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by any of the Borrower Borrowers pursuant to the Security Documents shall, subject only to Clause 15.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and the Borrower will not claim any equity in respect of any payment due from them to the Banks or to the Agent under or in relation to any of the Security Documents.

Appears in 2 contracts

Samples: Loan Facility Agreement (Mc Shipping Inc), Loan Facility Agreement (Mc Shipping Inc)

No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by the Borrower pursuant to the Security Documents shall, subject only to Clause 15.316.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and the Borrower will not claim any equity in respect of any payment due from them to the Banks or to the Agent under or in relation to any of the Security Documents.

Appears in 1 contract

Samples: Loan Facility Agreement (Arlington Tankers Ltd.)

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No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by the Borrower Borrowers to the Finance Parties pursuant to the Security Documents shall, subject only to Clause 15.313.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and the Borrower Borrowers will not claim any equity in respect of any payment due from them to the Banks or to the Agent Finance Parties under or in relation to any of the Security Documents.

Appears in 1 contract

Samples: Facility Agreement (Teekay LNG Partners L.P.)

No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by the Borrower and/or any of the Guarantors pursuant to the Security Documents shall, subject only to Clause 15.317.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and neither the Borrower nor any Guarantor will not claim any equity in respect of any payment due from them it to the Banks or to the Agent under or in relation to any of the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Stolt Nielsen S A)

No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by the Borrower pursuant to the Security Documents shall, subject only to Clause 15.314.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and the Borrower will not claim any equity in respect of any payment due from them to the Banks or to the Agent under or in relation to any of the Security Documents.

Appears in 1 contract

Samples: Loan Facility Agreement (DHT Holdings, Inc.)

No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by the Borrower Borrowers pursuant to the Security Documents shall, subject only to Clause 15.313.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and the Borrower Borrowers will not claim any equity in respect of any payment due from them to the Banks Lenders or to the Agent under or in relation to any of the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Teekay LNG Partners L.P.)

No Deductions or Withholdings. All payments (whether of principal or interest or otherwise) to be made by the Borrower pursuant to the Security Documents shall, subject only to Clause 15.317.3, be made free and clear of and without deduction for or on account of any Taxes or other deductions, withholdings, restrictions, conditions or counterclaims of any nature, and the Borrower will not claim any equity in respect of any payment due from them to the Banks or to the Agent under or in relation to any of the Security Documents.

Appears in 1 contract

Samples: Loan Agreement (Sea Containers LTD /Ny/)

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