Common use of SET-OFF AND DEDUCTIONS Clause in Contracts

SET-OFF AND DEDUCTIONS. All payments to be made by the Vendor and the Warrantor under this Deed shall be made in full without set-off or counterclaim or any restriction or condition and free and clear of any present or future taxes, duties, charges or other deductions or withholdings of any nature. If any deduction or withholding is required to be made from any such payment the Vendor and the Warrantor shall, together with such payment, pay such additional amount as is necessary to ensure that the recipient receives the full amount due hereunder.

Appears in 2 contracts

Samples: Conditional Sale and Purchase Agreement (China Mobile Hong Kong LTD /Adr/), Conditional Sale and Purchase Agreement (China Mobile Hong Kong LTD /Adr/)

AutoNDA by SimpleDocs

SET-OFF AND DEDUCTIONS. All payments to be made by the Vendor and the Warrantor under this Deed shall be made in full without set-off or counterclaim or any restriction or condition and free and clear of any present or future taxes, duties, charges or other deductions or withholdings of any nature. If any deduction or withholding is required to be made from any such payment the Vendor and the Warrantor shall, together with such payment, pay such additional amount as is necessary to ensure that the recipient receives the full amount due hereunder.

Appears in 2 contracts

Samples: Acquisition Agreement (China Telecom Corp LTD), Deed of Indemnity (SRS Labs Inc)

AutoNDA by SimpleDocs

SET-OFF AND DEDUCTIONS. All payments to be made by the Vendor and the Warrantor Seller under this Deed shall be made in full without set-off or counterclaim or any restriction or condition and free and clear of any present or future taxes, duties, charges or other deductions or withholdings of any nature. If any deduction or withholding is required by law to be made from any such payment the Vendor and the Warrantor Seller shall, together with such payment, pay such additional amount as is necessary to ensure that the recipient receives the full amount due hereunder.

Appears in 2 contracts

Samples: Share Purchase Agreement (Immtech International Inc), Share Purchase Agreement (Immtech International Inc)

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!