Common use of No Setoff or Deduction Clause in Contracts

No Setoff or Deduction. All payments of principal of and interest on the Advances and other amounts payable by the Borrowers hereunder shall be made by the Borrowers without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 10 contracts

Samples: Credit Agreement (Comstock Resources Inc), Credit Agreement (Comstock Resources Inc), Credit Agreement (Comstock Resources Inc)

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No Setoff or Deduction. All payments of principal of and interest on the Advances Loans and other amounts payable Obligations shall be paid by the Borrowers hereunder shall be made by the Borrowers Borrower without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authorityauthority or other person.

Appears in 5 contracts

Samples: Credit Agreement, Credit Agreement (QC Holdings, Inc.), Credit Agreement (QC Holdings, Inc.)

No Setoff or Deduction. All payments of principal of and interest on the Advances Loans and other amounts payable by the Borrowers Borrower hereunder shall be made by the Borrowers Borrower without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 5 contracts

Samples: Revolving Credit Agreement (Barry R G Corp /Oh/), Revolving Credit Agreement (Barry R G Corp /Oh/), Revolving Credit Agreement (Barry R G Corp /Oh/)

No Setoff or Deduction. All payments of principal of and interest on the Advances Loans, Letter of Credit Advances, Swing Loans and other amounts payable by the Borrowers hereunder shall be made by the Borrowers without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, taxes or other charges of whatever nature, assessments imposed by any governmental authority, or by any department, department agency or other political subdivision or taxing authority.

Appears in 4 contracts

Samples: Revolving Credit Loan Agreement (Orleans Homebuilders Inc), Revolving Credit Loan Agreement (Orleans Homebuilders Inc), Revolving Credit Loan Agreement (Orleans Homebuilders Inc)

No Setoff or Deduction. All payments of principal of and interest on the Advances and other amounts payable Obligations shall be paid by the Borrowers hereunder shall be made by the Borrowers Company without setoff setoff, or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, assessments or other charges of whatever natureany nature whatsoever, whether imposed by any governmental authority, authority or by any department, agency or taxing authority or other political subdivision or taxing authorityPerson.

Appears in 4 contracts

Samples: Term Revolving Credit Agreement (Ag-Chem Equipment Co Inc), Term Revolving Credit Agreement (Ag-Chem Equipment Co Inc), Credit Agreement (Ag-Chem Equipment Co Inc)

No Setoff or Deduction. All payments of principal of and interest on the Advances Loans and other amounts payable by the Borrowers Borrower hereunder shall be made by the Borrowers Borrower without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, taxes or other charges of whatever nature, assessments imposed by any governmental authority, or by any department, departmental agency or other political subdivision or taxing authority.

Appears in 2 contracts

Samples: Revolving Credit and Term Loan Agreement (Integrated Circuit Systems Inc), Revolving Credit Loan Agreement (Integrated Circuit Systems Inc)

No Setoff or Deduction. All payments of principal of and interest on the Advances Loans and other amounts payable by the Borrowers hereunder Obligations shall be made paid by the Borrowers without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authorityauthority or other person.

Appears in 2 contracts

Samples: Revolving Credit and Loan Agreement (Medar Inc), Credit and Loan Agreement (Secom General Corp)

No Setoff or Deduction. All payments of principal of and interest on the Advances Loans and other amounts payable by the Borrowers hereunder shall be made by the Borrowers without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 2 contracts

Samples: Credit Agreement (Wolverine World Wide Inc /De/), Credit Agreement (Masco Corp /De/)

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No Setoff or Deduction. All payments of principal of and interest on the Advances Loans and other amounts payable by the Borrowers hereunder shall be made by the Borrowers without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 2 contracts

Samples: Guaranty Agreement (Iae Inc), Credit Agreement (Asset Acceptance Capital Corp)

No Setoff or Deduction. All payments of principal of and interest on under the Advances Credit Facility and other amounts payable by the Borrowers Borrower hereunder shall be made by the Borrowers Borrower without setoff or counterclaim, and free and clear of, and without deduction or withholding for, for or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, taxes or other charges of whatever nature, assessments imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 2 contracts

Samples: Loan and Security Agreement (Castellum, Inc.), Term Loan and Security Agreement (Castellum, Inc.)

No Setoff or Deduction. All payments of principal of and interest on the Advances and other amounts payable Obligations shall be paid by the Borrowers hereunder shall be made by Company and the Multicurrency Subsidiary Borrowers without setoff setoff, or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, assessments or other charges of whatever natureany nature whatsoever, whether imposed by any governmental authority, authority or by any department, agency or taxing authority or other political subdivision or taxing authorityPerson.

Appears in 1 contract

Samples: Credit Agreement (Ag-Chem Equipment Co Inc)

No Setoff or Deduction. All payments of principal of and interest on the Advances and other amounts payable by the Borrowers hereunder shall be made by the Borrowers Borrower without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.,

Appears in 1 contract

Samples: Perceptron Inc/Mi

No Setoff or Deduction. All payments of principal of and interest on the Advances Loans and other amounts payable by the Borrowers Borrower hereunder shall be made by the Borrowers Borrower without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 1 contract

Samples: Credit and Security Agreement (Eastside Distilling, Inc.)

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