Common use of No Deductions Clause in Contracts

No Deductions. All amounts due from the Borrower under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is required by law to make.

Appears in 91 contracts

Sources: Loan Agreement (Euroseas Ltd.), Facility Agreement (Navios Maritime Partners L.P.), Facility Agreement (Navios Maritime Partners L.P.)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the a Borrower is required by law to make.

Appears in 34 contracts

Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (Navios Maritime Partners L.P.), Amending and Restating Deed

No Deductions. All amounts due from the Borrower under a Finance Document shall be paid: (a) without any form of set-off, counter-claim, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is required by law to make.

Appears in 11 contracts

Sources: Loan Agreement (EuroDry Ltd.), Loan Agreement (Toro Corp.), Loan Agreement (Castor Maritime Inc.)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-off, counter-claim, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the a Borrower is required by law to make.

Appears in 9 contracts

Sources: Loan Agreement (Toro Corp.), Loan Agreement (Global Ship Lease, Inc.), Loan Agreement (Navios Maritime Partners L.P.)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is Borrowers are required by law to make.

Appears in 8 contracts

Sources: Loan Agreement (Navios Maritime Partners L.P.), Supplemental Agreement (Navios Maritime Containers Inc.), Amending and Restating Agreement (DryShips Inc.)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-set off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the a Borrower is required by law to make.

Appears in 7 contracts

Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.), Loan Agreement (Diana Shipping Inc.)

No Deductions. All amounts due from the Borrower under a Finance Document shall be paid: (a) without any form of set-offset‑off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is required by law to make.

Appears in 4 contracts

Sources: Loan Agreement (Euroseas Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)

No Deductions. All amounts due from the Borrower an Obligor under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower that Obligor is required by law to make.

Appears in 4 contracts

Sources: Guarantee Facility Agreement (Euronav NV), Guarantee Facility Agreement (TBS International PLC), Guarantee Facility Agreement (TBS International LTD)

No Deductions. All amounts due from the Borrower under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is required by law to makemake or a FATCA Deduction.

Appears in 4 contracts

Sources: Amending and Restating Agreement (GasLog Partners LP), Loan Agreement (GasLog Partners LP), Amending and Restating Agreement

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-off, crosscounter-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the a Borrower is required by law to make.

Appears in 3 contracts

Sources: Loan Agreement (DryShips Inc.), Loan Agreement (Product Shipping Ltd.), Loan Agreement (Star Bulk Management Inc.)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-offset‑off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the a Borrower is required by law to make.

Appears in 3 contracts

Sources: Loan Agreement (Navios Maritime Partners L.P.), Loan Agreement (EuroDry Ltd.), Loan Agreement (Dynagas LNG Partners LP)

No Deductions. All amounts due from the a Borrower under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the a Borrower is required by law to make.

Appears in 3 contracts

Sources: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Holdings Inc.)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-offset‑off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower Borrowers is required by law to make.

Appears in 3 contracts

Sources: Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.), Loan Agreement (EuroDry Ltd.)

No Deductions. All amounts due from the Borrower under a Finance Document shall be paid: (a) without any form of set-set off, crosscounter-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is required by law to make.

Appears in 2 contracts

Sources: Loan Agreement (Navios Maritime Holdings Inc.), Loan Agreement (Navios Maritime Acquisition CORP)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-offset‑off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is Borrowers are required by law to make.

Appears in 2 contracts

Sources: Loan Agreement (Costamare Bulkers Holdings LTD), Loan Agreement (Euroseas Ltd.)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-set off, crosscounter-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the a Borrower is required by law to make.

Appears in 2 contracts

Sources: Loan Agreement (Seanergy Maritime Holdings Corp.), Loan Agreement (Pyxis Tankers Inc.)

No Deductions. All amounts due from the Borrower under a Finance Document shall be paid: (a) without any form of setset off, counter-offclaim, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is required by law to make.

Appears in 2 contracts

Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement (Capital Product Partners L.P.)

No Deductions. All amounts due from the Borrower Obligors under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is Borrowers are required by law to make.

Appears in 2 contracts

Sources: Loan Agreement (TBS International LTD), Loan Agreement (TBS International LTD)

No Deductions. All amounts due from the Borrower under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or conditioncondition (including but not limited to, any set-off, compensation, cross claim or condition arising under, or in relation to, or in connection with, the Master Agreement); and (b) free and clear of any tax Tax deduction except a tax deduction which the Borrower is required by law to make.

Appears in 2 contracts

Sources: Loan Agreement (Diana Shipping Inc.), Loan Agreement (Gala Properties Inc.)

No Deductions. All amounts due from the Borrower under a Finance Document shall be paid: (a) without any form of set-off, crosscounter-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is required by law to make.

Appears in 2 contracts

Sources: Loan Agreement (Capital Product Partners L.P.), Loan Agreement

No Deductions. All amounts due from the any Borrower under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is required by law to make.

Appears in 2 contracts

Sources: Loan Agreement (Costamare Partners LP), Loan Agreement (Costamare Partners LP)

No Deductions. All amounts due from the a Borrower under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the that Borrower is required by law to make.

Appears in 2 contracts

Sources: Amending and Restating Agreement (TBS International PLC), Loan Agreement (TBS International LTD)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-off, crosscounter-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the a Borrower is required by law to make.,

Appears in 1 contract

Sources: Loan Agreement (Star Bulk Carriers Corp.)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-offset‑off, crosscounter-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the a Borrower is required by law to make.

Appears in 1 contract

Sources: Loan Agreement (Paragon Shipping Inc.)

No Deductions. All amounts due from the any Borrower under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the relevant Borrower is required by law to make.

Appears in 1 contract

Sources: Term Loan Facility Agreement (Navios Maritime Partners L.P.)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-offset‑off, cross-claim or condition; andand 76 EUROPE/79618310v6 (b) free and clear of any tax deduction except a tax deduction which the a Borrower is required by law to make.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

No Deductions. All amounts due from the Borrower under a Finance Document shall be paid: (a) without any form of set-set off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is required by law to make.

Appears in 1 contract

Sources: Loan Agreement (Poseidon Containers Holdings Corp.)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the any Borrower is required by law to make.

Appears in 1 contract

Sources: Loan Agreement (Alma Maritime LTD)

No Deductions. All amounts due from the Borrower under a Finance Document shall be paid: (a) without any form of set-offset‑off, crosscounter-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is required by law to make.

Appears in 1 contract

Sources: Loan Agreement (Box Ships Inc.)

No Deductions. All amounts due from the Borrower Borrowers under a Finance Document shall be paid: (a) without any form of set-off, crosscounter-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the a Borrower is required by law law, regulation or regulatory requirement to make.

Appears in 1 contract

Sources: Loan Agreement (Capital Product Partners L.P.)

No Deductions. All amounts due from the Borrower Borrowers (or either of them) under a Finance Document shall be paid: (a) without any form of set-off, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the a Borrower is required by law to make.

Appears in 1 contract

Sources: Loan Agreement (Quintana Shipping Ltd.)

No Deductions. All amounts due from the Borrower under a Finance Document shall be paid: (a) without any form of setset‑off, counter-offclaim, cross-claim or condition; and (b) free and clear of any tax deduction except a tax deduction which the Borrower is required by law to make.

Appears in 1 contract

Sources: Loan Agreement (Navios Maritime Partners L.P.)

No Deductions. All amounts due from the Borrower under a Finance Document shall be paid: (a) paid without any form of set-off, cross-claim or condition; and (b) condition and free and clear of any tax deduction except a tax deduction which the Borrower is required by law to make.

Appears in 1 contract

Sources: Loan Agreement (TBS International LTD)