Common use of No Setoff or Deduction Clause in Contracts

No Setoff or Deduction. All payments of principal of and interest ---------------------- on the Loan and other amounts payable by Borrower hereunder shall be made by Borrower without setoff or counterclaim, and, subject to the next succeeding sentence, 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. If any such taxes, levies, imposts, duties, fees, assessments, or other charges are imposed, Borrower will pay such additional amounts as may be necessary so that payment of principal of and interest on the Loan and other amounts payable hereunder, after withholding or deduction for or on account thereof, will not be less than any amount provided to be paid hereunder and, in any such case, Borrower will furnish to Bank certified copies of all tax receipts evidencing the payment of such amounts within 30 days after the date any such payment is due pursuant to applicable Laws.

No Setoff or Deduction. All Except as may otherwise be ordered by any appropriate Governmental Authority, all payments of principal of and interest ---------------------- on the Loan Loans and other amounts payable by any Borrower hereunder shall be made by Borrower Borrowers without setoff or counterclaim, and, subject to the next succeeding sentence, 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. If any such taxes, levies, imposts, duties, fees, assessments, assessments or other charges are imposedimposed (excluding taxes based on Bank’s income, Borrower franchise taxes and branch profits, in each case, imposed as a result of such Bank being organized under the laws of, or having its principal office, or its applicable lending office located in, the jurisdiction imposing such tax), the Borrowers will pay such additional amounts as may be necessary so that payment of principal of and interest on the Loan Loans and other amounts payable hereunder, after withholding or deduction for or on account thereof, will not be less than any amount provided to be paid hereunder and, in any such case, Borrower Parent will furnish to Bank certified copies of all tax receipts evidencing the payment of such amounts within 30 days after the date any such payment is due pursuant to applicable Laws.

No Setoff or Deduction. All payments of principal of and interest ---------------------- on the Loan Loans and other amounts payable by Borrower Borrowers hereunder shall be made by Borrower Borrowers without setoff or counterclaim, and, subject to the next succeeding sentence, 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. If any such taxes, levies, imposts, duties, fees, assessments, assessments or other charges are imposed, Borrower Borrowers will pay such additional amounts as may be necessary so that payment of principal of and interest on the Loan Loans and other amounts payable hereunder, after withholding or deduction for or on account thereof, will not be less than any amount provided to be paid hereunder and, in any such case, Borrower Borrowers will furnish to Bank certified copies of all tax receipts evidencing the payment of such amounts within 30 days after the date any such payment is due pursuant to applicable Laws.