No Deductions. All amounts due from a Security Party under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which such Security Party is required by law to make.
Appears in 19 contracts
Samples: Loan Agreement (Dorian LPG Ltd.), Credit Agreement (Scorpio Bulkers Inc.), Second Lien Loan Agreement (Eagle Bulk Shipping Inc.)
No Deductions. All amounts due from a Security Party under a Finance Document shall be paid:
(a) without any form of set-off, cross-claim or condition; and
(b) free and clear of any tax deduction except a tax deduction which such Security Party is required by law to make.
Appears in 5 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Credit Agreement (Scorpio Bulkers Inc.)
No Deductions. All amounts due from a Security Party under a Finance Document shall be paid:
(a) without any form of set-offset‑off, cross-claim or condition; and
(b) free and clear of any tax deduction except a tax deduction which such Security Party is required by law to make.
Appears in 3 contracts
Samples: Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.), Loan Agreement (Pangaea Logistics Solutions Ltd.)
No Deductions. All amounts due from a Security Party under a Finance Document shall be paid:: 107 SK 26945 0003 10902825 v6
(a) without any form of set-off, cross-claim or condition; and
(b) free and clear of any tax deduction except a tax deduction which such Security Party is required by law to make.
Appears in 1 contract
Samples: Loan Agreement (Dorian LPG Ltd.)
