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

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. 8.1 No setNO SET-off or counterclaimOFF OR COUNTERCLAIM; distribution to the Banks ----------------------------------------------------- DISTRIBUTION TO THE LENDERS 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 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 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 (for its own account) or a particular Bank Lender (including, without limitation, including clauses 6.3, 7, 8.5, 14.113.1, 13.2, 14.1 and 14.2, 15.1 and 15.2), in which case the Agent shall distribute the relevant payment to the Bank Lender 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 Lenders and the Agent shall forthwith distribute such payments in like funds as are received by the Agent to the Banks Lenders rateably in accordance with their Commitments or Contributions, 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 euros 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 the Security Deed otherwise provides or 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 6.36.5, 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, or for the account of the Agent (for its own account), the Joint Arrangers or the Security Agent 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.