Common use of Payment free from counterclaims/set-offs Clause in Contracts

Payment free from counterclaims/set-offs. All payments made by the Indemnifying Party under this Clause 12 shall be made gross, free of any right of counterclaim or set off and without deduction or withholding of any kind, other than any deduction or withholding required by any Law. If the Indemnifying Party makes a deduction under this Clause 12, the sum due from such Indemnifying Party shall be increased to the extent necessary to ensure that, after the making of any deduction or withholding, the relevant Indemnified Party which is entitled to such payment receives a sum equal to the sum it would have received had no deduction or withholding been made.

Appears in 3 contracts

Samples: Underwriting Agreement (Noah Holdings LTD), Underwriting Agreement (BeiGene, Ltd.), WEIBO Corp

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Payment free from counterclaims/set-offs. All payments made by the an Indemnifying Party under this Clause 12 β€Ž12 shall be made gross, free of any right of counterclaim or set off and without deduction or withholding of any kind, other than any deduction or withholding required by any Law. If the an Indemnifying Party makes a deduction under this Clause 12β€Ž12, the sum due from such Indemnifying Party shall be increased to the extent necessary to ensure that, after the making of any deduction or withholding, the relevant Indemnified Party which is entitled to such payment receives a sum equal to the sum it would have received had no deduction or withholding been made.

Appears in 2 contracts

Samples: Underwriting Agreement (MINISO Group Holding LTD), Underwriting Agreement (Li Auto Inc.)

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Payment free from counterclaims/set-offs. All payments made by the Indemnifying Party under this Clause 12 shall be made gross, free of any right of counterclaim or set off and without deduction or withholding of any kind, other than any deduction or withholding required by any Law. If the Indemnifying Party makes a deduction or a withholding under this Clause 12, the sum due from such Indemnifying Party shall be increased to the extent necessary to ensure that, after the making of any deduction or withholding, the relevant Indemnified Party which is entitled to such payment receives a sum equal to the sum it would have received had no deduction or withholding been made.

Appears in 1 contract

Samples: 360 DigiTech, Inc.

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