Taxes and Set-off by Guarantor. All payments to be made by any Guarantor hereunder will be made without set off or counterclaim and without deduction for any taxes, levies, duties, fees, deductions, withholdings, restrictions or conditions of any nature whatsoever. If at any time any applicable law, regulation or international agreement requires any Guarantor to make any such deduction or withholding from any such payment, the sum due from such Guarantor with respect to such payment will be increased to the extent necessary to ensure that, after the making of such deduction or withholding, Lender receives a net sum equal to the sum which it would have received had no deduction or withholding been required.
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Samples: Guaranty (Voip Inc), Guaranty (Voip Inc)
Taxes and Set-off by Guarantor. All payments to be made by any the Guarantor hereunder will be made without set set-off or counterclaim and without deduction for any taxes, levies, duties, fees, deductions, withholdings, restrictions or conditions of any nature whatsoever. If at any time any applicable law, regulation or international agreement requires any the Guarantor to make any such deduction or withholding from any such payment, the sum due from such the Guarantor with respect to such payment will be increased to the extent necessary to ensure that, after the making of such deduction or withholding, Lender Agent receives a net sum equal to the sum which it would have received had no deduction or withholding been required.
Appears in 2 contracts
Samples: Credit Agreement (Protective Products of America, Inc.), Credit Agreement (Protective Products of America, Inc.)
Taxes and Set-off by Guarantor. All payments to be made by any the Guarantor hereunder will be made without set set-off or counterclaim and without deduction for any taxes, levies, duties, fees, deductions, withholdings, restrictions or conditions of any nature whatsoever. If at any time any applicable lawLaw, regulation or international agreement requires any the Guarantor to make any such deduction or withholding from any such payment, the sum due from such the Guarantor with respect to such payment will be increased to the extent necessary to ensure that, after the making of such deduction or withholding, the Lender receives a net sum equal to the sum which it would have received had no deduction or withholding been required.
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