No Reductions. All payments due to the Agent, the Collateral Agent or any Bank under the Loan Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower thereunder, 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, except for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.
Appears in 2 contracts
Samples: Credit Agreement (Resource Bancshares Mortgage Group Inc), Credit Agreement (Resource Bancshares Mortgage Group Inc)
No Reductions. All payments due to the Agent, the Collateral Agent or any Bank Lender under the Loan Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower thereunder, 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, except except, subject to Section 1.13, for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.
Appears in 2 contracts
Samples: Credit Agreement (Frontier Airlines Inc /Co/), Secured Credit Agreement (Frontier Airlines Inc /Co/)
No Reductions. All payments due to the Agent, the Collateral Agent or any Bank Lender under the Loan Credit Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower Company thereunder, shall be made, observed or performed by the Borrower Company 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, except for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.
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No Reductions. All payments due to the Agent, the Collateral Agent Issuing Bank, the Swing Loan Lender or any Bank under the Borrower Loan Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower thereunder, 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, except for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.
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