Common use of No Setoff or Deduction Clause in Contracts

No Setoff or Deduction. All payments of principal and interest on the Loans and other amounts payable by the Company hereunder shall be made by the Company 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 9 contracts

Samples: Credit Agreement (Standard Parking Corp), Credit Agreement (Key Plastics Inc), Credit Agreement (Apcoa Standard Parking Inc /De/)

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No Setoff or Deduction. All payments of principal of and interest on the Loans and other amounts payable by the Company hereunder shall be made by the Company 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 6 contracts

Samples: Credit Agreement (National Wine & Spirits Inc), Credit Agreement (Monarch Machine Tool Co), Credit Agreement (Wolverine World Wide Inc /De/)

No Setoff or Deduction. All payments of principal of and interest and fees on the Loans Advances and other amounts payable by the Company hereunder shall be made by the Company 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 (First Mercury Financial Corp), Credit Agreement (First Mercury Financial Corp)

No Setoff or Deduction. All payments of principal of and interest on the Loans Advances and other amounts payable by the Company hereunder shall be made by the Company 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 (CMS Nomeco Oil & Gas Co), Credit Agreement (Monarch Machine Tool Co)

No Setoff or Deduction. All payments of principal of and interest on the Loans Outstanding Facilities, and all other amounts payable by the Company hereunder hereunder, shall be made by the Company 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 Agreement (Hurco Companies Inc)

No Setoff or Deduction. All payments of principal of and interest on the Loans and other amounts payable by the Company hereunder shall be made by the Company without setoff or counterclaim, 1999 CREDIT AGREEMENT -21- 26 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 Agreement (Perrigo Co)

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No Setoff or Deduction. All payments of principal of and interest ---------------------- on the Loans and other amounts payable by the Company hereunder shall be made by the Company 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 Agreement (Petroleum Development Corp)

No Setoff or Deduction. All payments of principal of and interest and fees on the Loans Advances and other amounts payable by the Company hereunder shall be made by the Company without setoff or counterclaim, and free and arid 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 Agreement (First Mercury Financial Corp)

No Setoff or Deduction. All payments of principal and interest on the Loans Term Note and other amounts payable by the Company hereunder shall be made by the Company 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: Term Loan Agreement (Airnet Systems Inc)

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