Common use of No Offset, etc Clause in Contracts

No Offset, etc. All payments by 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 Borrowers are compelled by law to make such deduction or withholding. If any such obligation is imposed upon Borrowers with respect to any amount payable by them hereunder or under any of the other Loan Documents, Borrowers will pay to the Bank, on the date on which such amount is due and payable hereunder or under such other Related Document, such additional amount as shall be necessary to enable the Bank to receive the same net amount which Bank would have received on such due date had no such obligation been imposed upon Borrowers. Borrowers will deliver promptly to the Bank certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by Borrowers hereunder or under such other Loan Documents.

Appears in 4 contracts

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

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No Offset, etc. All payments by Borrowers 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 Borrowers are the Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon Borrowers the Borrower with respect to any amount payable by them it hereunder or under any of the other Loan Documents, Borrowers the Borrower will pay to the BankLender, 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 Bank Lender to receive the same net amount which Bank the Lender would have received on such due date had no such obligation been imposed upon Borrowersthe Borrower. Borrowers The Borrower will deliver promptly to the Bank Lender certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by Borrowers 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 Borrowers 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 Borrowers are Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon Borrowers Borrower with respect to any amount payable by them it hereunder or under any of the other Loan Documents, Borrowers Borrower will pay to the Bank, on the date on which such amount is due and payable hereunder or under such other Related Document, such additional amount as shall be necessary to enable the Bank to receive the same net amount which Bank would have received on such due date had no such obligation been imposed upon BorrowersBorrower. Borrowers Borrower will deliver promptly to the Bank certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by Borrowers Borrower hereunder or under such other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Emerging Alpha Corp)

No Offset, etc. All payments by Borrowers 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 Borrowers are Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon Borrowers Borrower with respect to any amount payable by them hereunder or under any of the other Loan Documents, Borrowers Borrower will pay to the BankLender, 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 Bank Lender to receive the same net amount which Bank Lender would have received on such due date had no such obligation been imposed upon BorrowersBorrower. Borrowers Borrower will deliver promptly to the Bank Lender certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by Borrowers Borrower hereunder or under such other Loan Documents.

Appears in 1 contract

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

No Offset, etc. All payments by Borrowers 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 Borrowers are Borrower is compelled by law to make such deduction or withholding. If any such obligation is imposed upon Borrowers Borrower with respect to any amount payable by them it hereunder or under any of the other Loan Documents, Borrowers Borrower will pay to the Bank, 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 Bank to receive the same net amount which Bank would have received on such due date had no such obligation been imposed upon BorrowersBorrower. Borrowers Borrower will deliver promptly to the Bank certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by Borrowers Borrower hereunder or under such other Loan Documents.

Appears in 1 contract

Samples: Loan Agreement (Omni Energy Services Corp)

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No Offset, etc. All payments by Borrowers 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 Borrowers are the Debtor is compelled by law to make such deduction or withholding. If any such obligation is imposed upon Borrowers Debtor with respect to any amount payable by them it hereunder or under any of the other Loan Documents, Borrowers Debtor will pay to the Bank, 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 Bank to receive the same net amount which Bank would have received on such due date had no such obligation been imposed upon BorrowersDebtor. Borrowers Debtor will deliver promptly to the Bank certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by Borrowers Debtor hereunder or under such other Loan Documents.

Appears in 1 contract

Samples: Fair Grounds Corp

No Offset, etc. All payments by the 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 Borrowers are compelled by law to make such deduction or withholding. If any such obligation is imposed upon the Borrowers with respect to any amount payable by them any Borrower hereunder or under any of the other Loan Documents, the Borrowers will pay to the Bank, 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 Bank to receive the same net amount which the Bank would have received on such due date had no such obligation been imposed upon the Borrowers. The Borrowers will deliver promptly to the Bank certificates or other valid vouchers for all taxes Taxes or other charges deducted from or paid with respect to payments made by the Borrowers hereunder or under such other Loan DocumentsDocument.

Appears in 1 contract

Samples: Multicurrency Revolving Credit Agreement (Rogers Corp)

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