Payments and Taxes Accounts and Calculations. 6.1 No set-off or counterclaim
Payments and Taxes Accounts and Calculations. 10.1 No set-off or counterclaim; distribution to the Banks Subject to clauses 10.5 and 10.6, all payments to be made by the Borrowers under this Agreement and/or the Security Documents shall be made in full, without any set-off or counterclaim whatsoever and free and clear of any deductions or withholdings, in Dollars or the relevant Optional Currency (except for costs, charges or expenses which shall be payable in the currency in which they are incurred) on the due date in immediately available cleared funds to the account of the Agent, the Swingline Bank or the Overdraft Bank (as relevant) at such bank as the Agent, the Swingline Bank or the Overdraft Bank (as relevant) may from time to time specify for this purpose. Save where this Agreement and/or the Security Documents provide for a payment to be made for the account of a particular Bank (including, without limitation, clauses 8.5, 9, 10.5, 15.1, 15.2, 16.1 and 16.2 in which case the Agent shall distribute the relevant payment to the Bank concerned, or for the account of the Swingline Bank or the Overdraft Bank), payments to be made by the Borrowers under this Agreement and/or the Security Documents shall be for the account of all the Banks and the Agent shall forthwith distribute such payments in like funds as are received by the Agent to the Banks rateably in accordance with their Commitments or Contributions, as the case may be.
Payments and Taxes Accounts and Calculations. 9.1 NO SET-OFF OR COUNTERCLAIM; DISTRIBUTION TO THE BANKS All payments to be made by any Obligor under this Agreement shall be:
(a) made in full, without any set-off or counterclaim whatsoever and, subject as provided in clause 8.5 (Grossing-up for Taxes), free and clear of any deductions or withholdings, on the due date to the account of the Facility Agent at such bank as the Facility Agent may from time to time specify for this purpose;
(b) made in respect of:
(i) each repayment or prepayment of, or payment of interest on, or participation by a Bank in, a Utilisation, in the currency in which the Utilisation is denominated;
(ii) any payment of costs and expenses, in the currency in which they were incurred;
(iii) all fees and/or commission payable under clause 7 (Fees and expenses) shall be paid in Sterling unless the Parent and the Facility Agent otherwise agree;
(iv) any other amount expressed in any Finance Document to be payable in a currency, in that currency;
(c) for the account of all the Banks, and the Facility Agent shall forthwith distribute such payments in like funds as are received by the Facility Agent to the Banks rateably for the account of such Banks' respective Facility Offices in accordance with their Commitments or Contributions, as the case may be provided that where this Agreement provides for a payment to be made for the account of a particular Finance Party or Finance Parties, in which case the Facility Agent shall distribute the relevant payment to the relevant Finance Party or Finance Parties concerned.
Payments and Taxes Accounts and Calculations. 6.1 No set-off or counterclaim The Borrowers acknowledge that in performing their respective obligations under this Agreement, the Banks will be incurring liabilities to third parties in relation to the funding of amounts to the Borrowers, such liabilities matching the liabilities of the Borrowers to the Banks and that it is reasonable for the Banks to be entitled to receive payments from the Borrowers gross on the due date in order that each of the Banks is put in a position to perform its matching obligations to the relevant third parties. Accordingly, all payments to be made by the Borrowers under any of the Security Documents shall be made in full, without any set-off or counterclaim whatsoever and, subject as provided in clause 6.6, free and clear of any deductions or withholdings, in Dollars on the due date to such account at such bank and in such place as the Agent may from time to time specify for this purpose. Save for payments which are for the account of the Swap Provider and save as otherwise provided in this Agreement or any relevant Security Documents, such payments shall be for the account of all Banks, and the Agent shall distribute such payments in like funds as are received by the Agent to the Banks rateably, in accordance with their respective Commitment or (if after the first drawdown) Contribution as the case may be.
Payments and Taxes Accounts and Calculations. 8.1 No set-off or counterclaim; distribution to the Banks ----------------------------------------------------- All payments to be made by the Obligors under this Agreement and/or the Security Documents shall be made in full, without any set-off or counterclaim whatsoever and, subject as provided in clause 8.5, free and clear of any deductions or withholdings, in Guilders or the relevant Optional Currency (except for costs, charges or expenses which shall be payable in the currency in which they are incurred) on the due date to the account of the Agent at such bank as the Agent may from time to time specify for this purpose. Save where this Agreement and/or the Security Documents provide for a payment to be made for the account of the Agent (for its own account), the Arranger, the Security Trustee or a particular Bank (including, without limitation, clauses 6.3, 7, 8.5, 14.1, 14.2, 15.1 and 15.2), in which case the Agent shall distribute the relevant payment to the Bank concerned, payments to be made by any Obligor under this Agreement and/or the Security Documents shall be for the account of all the Banks and the Agent shall forthwith distribute such payments in like funds as are received by the Agent to the Banks rateably in accordance with their Commitments or Contributions, as the case may be.
Payments and Taxes Accounts and Calculations. 6.1 No set-off or counterclaim All payments to be made by the Borrowers under any of the Security Documents must be made in full, without any set-off or counterclaim whatsoever and, subject to clause 6.6, free and clear of any deductions or withholdings, in USD not later than 11 a.m. London time on the due date to the account of the Bank at the Receiving Bank or to such other account at such other bank in such place as the Bank may from time to time notify to the Borrowers.
Payments and Taxes Accounts and Calculations. 8.1 NO SET-OFF OR COUNTERCLAIM; DISTRIBUTION TO THE BANKS All payments to be made by the Borrower under this Agreement shall be made in full, without any set-off or counterclaim whatsoever and, subject as provided in clause 8.5, free and clear of any deductions or withholdings, in the currency in which payment is due on the due date to the account of the Agent at such bank in such place as the Agent may from time to time specify for this purpose, in the case of Sterling, in immediately available funds, and, in any other case, in such funds as may be generally accepted for settlement of transactions of this kind. Save where this Agreement provides for a payment to be made for the account of a particular Finance Party, in which case the Agent shall distribute the relevant payment to the relevant Finance Party concerned, payments to be made by the Borrower under this Agreement shall be for the account of all the Banks and the Agent shall forthwith distribute such payments in like funds as are received by the Agent to the Banks rateably in accordance with their Commitments or Contributions, as the case may be. Such distribution by the Agent shall be good discharge to the Borrower.
Payments and Taxes Accounts and Calculations. 8.1 NO SET-OFF OR COUNTERCLAIM; DISTRIBUTION TO THE BANKS All payments to be made by any Borrower under this Agreement shall be made in full, without any set-off or counterclaim whatsoever and, subject as provided in clause 8.5, free and clear of any deductions or withholdings, in Sterling (except for costs, charges or expenses which shall be payable in the currency in which they are incurred) on the due date to the account of the Facility Agent at such bank as the Facility Agent may from time to time specify for this purpose. Save where this Agreement provides for a payment to be made for the account of a particular Finance Party or Finance Parties, in which case the Facility Agent shall distribute the relevant payment to the relevant Finance Party or Finance Parties concerned, payments to be made by any Borrower under this Agreement shall be for the account of all the Banks and the Facility Agent shall forthwith distribute such payments in like funds as are received by the Facility Agent to the Banks rateably for the account of such Banks' respective Facility Offices in accordance with their Commitments or Contributions, as the case may be. 45 - 44 -
Payments and Taxes Accounts and Calculations. 9.1 No set-off or counterclaim; distribution to the Banks All payments to be made by the Obligors under this Agreement shall be made in full, without any set-off or counterclaim whatsoever and, subject as provided in clause 9.5, free and clear of any deductions or withholdings (except to the extent required by law) in Swedish Kronor or the relevant Optional Currency (except for costs, charges or expenses which shall be payable in the currency in which they are incurred) on the due date to the account of the Agent at such bank in the principal financial centre of the currency concerned as the Agent may from time to time specify for this purpose. Save where this Agreement provides for a payment to be made for the account of the Agent (for its own account), either Arranger or a particular Bank, in which case the Agent shall distribute the relevant payment to the Arranger concerned or the Bank concerned, payments to be made by any Obligor under this Agreement shall be for the account of all the Banks and the Agent shall forthwith distribute such payments in like funds as are received by the Agent to the Banks rateably in accordance with their Commitments or Contributions, as the case may be.
