Common use of Payments and Taxes Accounts and Calculations Clause in Contracts

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. 10.1 No set9.1 NO SET-off or counterclaimOFF OR COUNTERCLAIM; distribution to the Banks Subject to clauses 10.5 and 10.6, all DISTRIBUTION TO THE BANKS All payments to be made by the Borrowers Obligors under this Agreement and/or the Security Documents shall be made in full, without any set-off or counterclaim whatsoever and and, subject as provided in clause 9.5, free and clear of any deductions or withholdings, withholdings (except to the extent required by law) 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) Agent at such bank in the principal financial centre of the currency concerned or, in the case of euros, Brussels, as the Agent, the Swingline Bank or the Overdraft Bank (as relevant) Agent may from time to time specify for this purpose. Save where this Agreement and/or the Security Documents provide provides for a payment to be made for the account of the Agent (for its own account), the Arrangers, the Security Trustee, the Working Capital Bank or a particular Bank (includingBank, 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 Agent, the Arrangers, the Working Capital Bank, the Bank concerned, or for the account of the Swingline Bank concerned or the Overdraft BankSecurity Trustee (as the case may be), payments to be made by the Borrowers 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. 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 Bank Finance Documents shall be made in full, without any set-off or counterclaim whatsoever and free and clear of any deductions or withholdings, in Dollars Sterling 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 Bank Finance 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 Bank Finance 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.