Common use of No Set-Off, Deduction etc Clause in Contracts

No Set-Off, Deduction etc. Except with respect to Taxes (which are governed by Section 11.02), all payments (whether interest or otherwise) to be made by the Borrower or any other party pursuant to this Agreement are to be made in freely transferable, immediately available funds and without set-off or deduction of any kind whatsoever (whether for deemed re-investment or otherwise) except to the extent required by Applicable Law, and if any such set-off or deduction is so required and is made, the Borrower or any other party will, as a separate and independent obligation to the Lender, be obligated to immediately pay to the Lender all such additional amounts as may be required to fully indemnify and save harmless the Lender from such set-off or deduction and will result in the effective receipt by the Lender of all the amounts otherwise payable to it in accordance with the terms of this Agreement.

No Set-Off, Deduction etc. Except with respect to Taxes (which are governed by Section 11.02), all All payments (whether interest or otherwise) to be made by the Borrower or any other party pursuant to this Agreement are to be made in freely transferable, immediately available funds and without set-off or deduction of any kind whatsoever (whether for deemed re-investment or otherwise) except to the extent required by Applicable Law, and if any such set-off or deduction is so required and is made, the Borrower or any other party will, as a separate and independent obligation to the each Lender, be obligated to immediately pay to the each Lender all such additional amounts as may be required to fully indemnify and save harmless the such Lender from such set-off or deduction and will result in the effective receipt by the such Lender of all the amounts otherwise payable to it in accordance with the terms of this Agreement.

No Set-Off, Deduction etc. Except with respect to Taxes (which are governed by Section 11.0215.02), all payments (whether interest or otherwise) to be made by the Borrower Borrowers or any other party pursuant to this Agreement are to be made in freely transferable, immediately available funds and without set-off or deduction of any kind whatsoever (whether for deemed re-investment or otherwise) except to the extent required by Applicable Law, and if any such set-off or deduction is so required and is made, the Borrower Borrowers or any other party will, as a separate and independent obligation to the each Lender, be obligated to immediately pay to the each Lender all such additional amounts as may be required to fully indemnify and save harmless the such Lender from such set-off or deduction and will result in the effective receipt by the such Lender of all the amounts otherwise payable to it in accordance with the terms of this Agreement.

No Set-Off, Deduction etc. Except with respect to Taxes (which are governed by Section 11.0215.02), all payments (whether interest or otherwise) to be made by the Borrower or any other party pursuant to this Agreement are to be made in freely transferable, immediately available funds and without set-off or deduction of any kind whatsoever (whether for deemed re-investment or otherwise) except to the extent required by Applicable Law, and if any such set-off or deduction is so required and is made, the Borrower or any other party will, as a separate and independent obligation to the each Lender, be obligated to immediately pay to the each Lender all such additional amounts as may be required to fully indemnify and save harmless the such Lender from such set-off or deduction and will result in the effective receipt by the such Lender of all the amounts otherwise payable to it in accordance with the terms of this Agreement.

No Set-Off, Deduction etc. Except with respect to Taxes (which are governed by Section 11.0213.01(4)), all payments (whether interest or otherwise) to be made by the Borrower or any other party pursuant to this Agreement are to be made in freely transferable, immediately available funds and without set-off or deduction of any kind whatsoever (whether for deemed re-investment or otherwise) except to the extent required by Applicable Law, and if any such set-off or deduction is so required and is made, the Borrower or any other party will, as a separate and independent obligation to the Lender, be obligated to immediately pay to the Lender all such additional amounts as may be required to fully indemnify and save harmless the Lender from such set-off or deduction and will result in the effective receipt by the Lender of all the amounts otherwise payable to it in accordance with the terms of this Agreement.