Common use of No Reduction in Payments Clause in Contracts

No Reduction in Payments. All payments due to the Lenders hereunder, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower hereunder, shall be made, observed or performed by the Borrower without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim (whether sounding in tort, contract or otherwise) or tax.

No Reduction in Payments. All payments due to the ------------------------ Lenders hereunder, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower Borrowers hereunder, shall be made, observed or performed by the Borrower Borrowers without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim (whether sounding in tort, contract or otherwise) or tax.