Common use of Message Clause in Contracts

Message. SUCH PAYMENT WILL BE MADE WITHOUT SET-OFF AND SHALL BE FREE AND CLEAR OF ANY DEDUCTIONS, CHARGES, FEES, OR WITHOLDINGS OF ANY NATURE, NOW OR HEREAFTER IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OF THE ISSUING COUNTRY OR ANY POLITICAL SUBDIVISION OF AUTHORITY THEREOF OR THEREIN. ALL PAYMENTS MADE UNDER THIS GUARANTEE WILL REDUCE OUR OBLIGATION ACCORDINGLY. WE CONFIRM THIS CREDIT FACILITY IS FULLY CASHED BACKED AND THAT THE FUNDS ARE CLEAN, CLEAR AND LEGALLY EARNED FROM NON CRIMINAL ACTIVITIES. THIS BANK GUARANTEE IS FULLY NEGOTIABLE, TRANSFERABLE, DIVISIBLE AND ASSIGNABLE WITHOUT THE PAYMENT OR PRESENTATION FOR ANY TRANSFER OR ASSIGNMENT FEE AND IS FREELY AVILABLE TO THE XXXXXXX XXXXXXX LIMITED TO SERVE AS COLLATERAL FOR THE LOAN/TRADING FACILITY WHICH THE XXXXXXXX XXXXXXX LIMITED IS GRANTING (NAME OF BORROWER COMPANY). THE PROVISIONS OF THE BANK GUARANTEE ALLOWS FOR PARTIAL DRAWINGS WITHOUT REFERENCE TO US.