No Set-Off or Deductions. All payments made by an Obligor under the Senior Finance Documents must be paid in full without set-off or counterclaim and not subject to any condition and free and clear of and without any deduction or withholding for or on account of any Taxes (except as provided in clause 13 (Taxes)).
No Set-Off or Deductions. All payments made by the Agency under this Agreement shall be made free and clear of and without deduction for or on account of any setoff, counterclaim, Taxes, or otherwise, except those particularly allowed under the Civil Code of the Philippines or deductions required by Legal Requirements.
No Set-Off or Deductions. Any and all payments made by the Borrower hereunder shall be made to the Bank in full, without set-off or counterclaim and free and clear of and without deduction or withholding for, or on account of, any and all present and future Taxes. If the Borrower is required by law to deduct or withhold any Taxes from or in respect of any sum payable hereunder, (i) the sum payable shall be increased, as may be necessary, so that after making all required deductions and withholdings (including deductions and withholdings applicable to additional sums payable under this Section) the Bank receives an amount equal to the sum that it would have received had no deductions or withholdings been made, (ii) the Borrower shall make the required deductions or withholdings, and (iii) the Borrower shall pay the full amount deducted or withheld to the relevant taxing authority in accordance with any applicable Governmental Rule. The Bank agrees either to repay or credit at Bank's discretion to the Borrower any refund or tax credit actually received by, or for the benefit of, the Bank for tax amounts paid by the Borrower pursuant to this Section.
No Set-Off or Deductions. All payments to be made by any Obligor to any Finance Party under any of the Finance Documents shall be made:-
No Set-Off or Deductions. All payments made by the Borrower or any other Obligor under the Mezzanine Finance Documents (whether of principal, interest, fees or otherwise) must be paid in full without set-off or counterclaim and not subject to any condition and free and clear of and without any deduction or withholding for or on account of any Taxes (except as provided in Clause 12 (Taxes)).
No Set-Off or Deductions. All payments made by the LGU under this Agreement shall be made free and clear of and without deduction for or on account of any setoff, counterclaim, Taxes, or otherwise, except those particularly allowed under the Civil Code of the Philippines or deductions required by Legal Requirements.
No Set-Off or Deductions. All payments made by the Borrower under the Finance Documents must be paid in full without set-off or counterclaim and not subject to any condition and free and clear of and without any deduction or withholding whatsoever. In the event that such deduction of withholding taxes or otherwise is required under existing or future laws as may apply, the Borrower shall forthwith pay to the Lender any additional amount that may be necessary to ensure that the net amount of the repayment of the Loan, interest and any other amount payable hereunder actually received by the Lender is equal to the amount that the Lender would have received had no withholding taxes or other taxes been withheld.
No Set-Off or Deductions. Any and all payments made by the Borrower hereunder shall be made to the Administration Agent, the Managing Security Agent or to the Lenders in full, without set-off or counterclaim and free and clear of and without deduction or withholding for, or on account of, any and all present and future Taxes. If the Borrower is required by law to deduct or withhold any Taxes from or in respect of any sum payable hereunder, (i) the sum payable shall be increased, as may be necessary, so that after making all required deductions and withholdings (including deductions and withholdings applicable to additional sums payable under this Section) the Administration Agent, the Managing Security Agent or the Lenders, as the case may be, receives an amount equal to the sum that it would have received had no deductions or withholdings been made, (ii) the Borrower shall make the required deductions or withholdings, and (iii) the Borrower shall pay the full amount deducted or withheld to the relevant taxing authority in accordance with Applicable Laws. Each Lender agrees to repay or credit to the Borrower any refund or tax credit which such Lender receives or receives the benefit of with respect to Taxes that were paid by the Borrower pursuant to this Section 3.06(1).
No Set-Off or Deductions. All payments made by the Issuer under the Finance Documents shall be calculated and made without (and free and clear of any deduction for) set-off or counterclaim.
No Set-Off or Deductions. All payments by the Obligors under a Finance Document must be paid in full without any set-off or counterclaim and not subject to any condition and free and clear of, and without any deduction or withholding for or on account of, any Tax unless required by Law.
