Common use of No Offset, etc Clause in Contracts

No Offset, etc. All payments by the Borrower hereunder and under any of the other Related Documents shall be made without setoff and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower will pay to the Agent, on the date on which such amount is due and payable hereunder or under such other Related Document, such additional amount in Dollars as shall be necessary to enable the Lender to receive the same net amount which the Lender would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan Documents.

Appears in 4 contracts

Samples: Credit Agreement (LHC Group, Inc), Credit Agreement (LHC Group, Inc), Credit Agreement (Carrizo Oil & Gas Inc)

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No Offset, etc. All payments by the Borrower Borrowers hereunder and under any of the other Related Documents shall be made without setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is Borrowers are compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower Borrowers with respect to any amount payable by it them hereunder or under any of the other Loan Documents, the Borrower Borrowers will pay to the AgentBank, on the date on which such amount is due and payable hereunder or under such other Related Document, such additional amount in Dollars as shall be necessary to enable the Lender Bank to receive the same net amount which the Lender Bank would have received on such due date had no such obligation been imposed upon the BorrowerBorrowers. The Borrower Borrowers will deliver promptly to the Agent Bank certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower Borrowers hereunder or under such other Loan Documents.

Appears in 4 contracts

Samples: Loan Agreement, Loan Agreement (Compressco Inc), Loan Agreement (Compressco Inc)

No Offset, etc. All payments by the Borrower hereunder and under any of the other Related Documents shall be made without setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower will pay to the AgentBank, on the date on which such amount is due and payable hereunder or under such other Related Document, such additional amount in Dollars as shall be necessary to enable the Lender Bank to receive the same net amount which the Lender Bank would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent Bank certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan Documents.

Appears in 3 contracts

Samples: Loan Agreement (Omni Energy Services Corp), Loan Agreement (Omni Energy Services Corp), Credit Agreement (Petroquest Energy Inc)

No Offset, etc. All payments by the Borrower hereunder and under any of the other Related Documents shall be made without setoff and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower will pay to the AgentLender, on the date on which such amount is due and payable hereunder or under such other Related Document, such additional amount in Dollars as shall be necessary to enable the Lender to receive the same net amount which the Lender would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent Lender certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan Documents.

Appears in 2 contracts

Samples: Credit Agreement (Carrizo Oil & Gas Inc), Credit Agreement (Carrizo Oil & Gas Inc)

No Offset, etc. All payments by the Borrower hereunder and under any of the other Related Loan Documents shall be made without setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower will pay to the AgentBank, on the date on which such amount is due and payable hereunder or under such other Related Loan Document, such additional amount in Dollars as shall be necessary to enable the Lender Bank to receive the same net amount which the Lender it would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent Bank certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan DocumentsDocument.

Appears in 2 contracts

Samples: Credit Agreement (Griffin Land & Nurseries Inc), Revolving Credit Agreement (Transact Technologies Inc)

No Offset, etc. All payments by the Borrower hereunder and under any of the other Related Loan Documents shall be made without setoff and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower will pay to the Agent, on the date on which such amount is due and payable hereunder or under such other Related Loan Document, such additional amount in Dollars as shall be necessary to enable the Lender to receive the same net amount which the Lender would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (LHC Group, Inc)

No Offset, etc. All payments by the Borrower Borrowers hereunder and -------------- under any of the other Related Loan Documents shall be made without setoff or counterclaim and free and clear of and without deduction for any foreign or domestic taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the such Borrower is compelled required by law to make such deduction or withholding. If Except as otherwise expressly provided in this (S)6.2, if any such obligation is imposed upon any of the Borrower Borrowers with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower Borrowers will pay to the Administrative Agent, for the account of the Lenders or (as the case may be) the applicable Agents, on the date on which such amount is due and payable hereunder or under such other Related Loan Document, such additional amount in Dollars or such other Optional Currency as may be applicable as shall be necessary to enable the Lender Lenders or the applicable Agents to receive the same net amount which the Lender Lenders or the applicable Agents would have received on such due date had no such obligation been imposed upon the such Borrower. The Borrower Borrowers will deliver promptly to the Administrative Agent certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower Borrowers hereunder or under such other Loan DocumentsDocument.

Appears in 1 contract

Samples: Multicurrency Revolving Credit and Term Loan Agreement (Samsonite Holdings Inc)

No Offset, etc. All payments by the Borrower hereunder and under any of the other Related Documents shall be made without setoff or counterclaim and free and clear of and without deduction for any foreign or domestic taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions restriction or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled required by law to make such deduction or withholding. If Except as otherwise expressly provided in this Section 25, if any such obligation is imposed upon the Borrower with respect to any amount payable by payabLE By it hereunder or under any of the other Loan Documents, the Borrower will pay to the AgentBank, on the date on which such amount is due and payable hereunder or under such other Related DocumentLoan Documents, such additional amount in Dollars as shall be necessary to enable the Lender Bank to receive the same net amount which the Lender Bank would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent Bank, certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan DocumentsDocument.

Appears in 1 contract

Samples: Revolving Credit Agreement (Transact Technologies Inc)

No Offset, etc. All payments by the Borrower hereunder and under any of the other Related Documents shall be made without setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower will pay to the AgentBank, on the date on which such amount is due and payable hereunder or under such other Related Document, such additional amount in Dollars as shall be necessary to enable the Lender Bank to receive the same net amount which the Lender Bank would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent Bank certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Emerging Alpha Corp)

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No Offset, etc. All payments by the Borrower Debtor hereunder and under any of the other Related Documents shall be made without setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower Debtor is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower Debtor with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower Debtor will pay to the AgentBank, on the date on which such amount is due and payable hereunder or under such other Related Document, such additional amount in Dollars as shall be necessary to enable the Lender Bank to receive the same net amount which the Lender Bank would have received on such due date had no such obligation been imposed upon the BorrowerDebtor. The Borrower Debtor will deliver promptly to the Agent Bank certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower Debtor hereunder or under such other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Fair Grounds Corp)

No Offset, etc. All payments by the Borrower Borrowers hereunder and under any of the other Related Loan Documents shall be made without recoupment, setoff or counterclaim and free and clear of and without deduction for any taxesTaxes (other than any Excluded Taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature if applicable) now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is Borrowers are compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower Borrowers with respect to any amount payable by it any Borrower hereunder or under any of the other Loan Documents, the Borrower Borrowers will pay to the Agent, Bank on the date on which such amount is due and payable hereunder or under such other Related Loan Document, such additional amount in Dollars as shall be necessary to enable the Lender Bank to receive the same net amount which the Lender Bank would have received on such due date had no such obligation been imposed upon the BorrowerBorrowers. The Borrower Borrowers will deliver promptly to the Agent Bank certificates or other valid vouchers for all taxes Taxes or other charges deducted from or paid with respect to payments made by the Borrower Borrowers hereunder or under such other Loan DocumentsDocument.

Appears in 1 contract

Samples: Revolving Credit Agreement (Rogers Corp)

No Offset, etc. All payments by the Borrower hereunder and under any of the other Related Documents shall be made without setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower will pay to the AgentBank, on the date on which such amount is due and payable hereunder or under such other Related Document, such additional amount in Dollars as shall be necessary to enable the Lender Bank to receive the same net amount which the Lender Bank would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent Bank certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Omni Energy Services Corp)

No Offset, etc. All payments by the Borrower hereunder and under any of the other Related Loan Documents shall be made without recoupment, setoff or counterclaim and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it hereunder or under any of the other Loan Documents, the Borrower will pay to the Agent, Bank on the date on which such amount is due and payable hereunder or under such other Related Loan Document, such additional amount in Dollars as shall be necessary to enable the Lender Bank to receive the same net amount which the Lender Bank would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent Bank certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan DocumentsDocument.

Appears in 1 contract

Samples: Revolving Credit Agreement (Helix Technology Corp)

No Offset, etc. All payments by the Borrower hereunder and under any of the other Related Loan Documents shall be made without setoff and free and clear of and without deduction for any taxes, levies, imposts, duties, charges, fees, deductions, withholdings, compulsory loans, restrictions or conditions of any nature now or hereafter imposed or levied by any jurisdiction or any political subdivision thereof or taxing or other authority therein unless the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrower with respect to any amount payable by it them hereunder or under any of the other Loan Documents, the Borrower will pay to the AgentLender, on the date on which such amount is due and payable hereunder or under such other Related Loan Document, such additional amount in Dollars as shall be necessary to enable the Lender to receive the same net amount which the Lender would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent Lender certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan Documents.

Appears in 1 contract

Samples: Credit Agreement (Black Ridge Oil & Gas, Inc.)

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