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Common use of No Deductions Clause in Contracts

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.)