Common use of No Setoff or Deduction Clause in Contracts

No Setoff or Deduction. All payments of principal and interest on the Loans and other amounts payable by the Company hereunder shall be made by the Company without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 9 contracts

Samples: Credit Agreement (Standard Parking Corp), Loan Agreement (Vsi Holdings Inc), Credit Agreement (Key Plastics Inc)

AutoNDA by SimpleDocs

No Setoff or Deduction. All payments of principal of and interest on the Loans and other amounts payable by the Company hereunder shall be made by the Company without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 6 contracts

Samples: Credit Agreement (National Wine & Spirits Inc), Credit Agreement (Monarch Machine Tool Co), Credit Agreement (Patrick Industries Inc)

No Setoff or Deduction. All payments of principal of and interest on the Loans Advances and other amounts payable by the Company hereunder shall be made by the Company without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 2 contracts

Samples: Credit Agreement (Monarch Machine Tool Co), Credit Agreement (CMS Nomeco Oil & Gas Co)

No Setoff or Deduction. All payments of principal of and interest and fees on the Loans Advances and other amounts payable by the Company hereunder shall be made by the Company without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 2 contracts

Samples: Credit Agreement (First Mercury Financial Corp), Credit Agreement (First Mercury Financial Corp)

No Setoff or Deduction. All payments of principal of and interest and fees on the Loans Advances and other amounts payable by the Company hereunder shall be made by the Company without setoff or counterclaim, and free and arid clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 1 contract

Samples: Credit Agreement (First Mercury Financial Corp)

No Setoff or Deduction. All payments of principal of and interest on the Loans and other amounts payable by the Company hereunder shall be made by the Company without setoff or counterclaim, 1999 CREDIT AGREEMENT -21- 26 and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 1 contract

Samples: Credit Agreement (Perrigo Co)

AutoNDA by SimpleDocs

No Setoff or Deduction. All payments of principal and interest on the Loans Term Note and other amounts payable by the Company hereunder shall be made by the Company without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 1 contract

Samples: Term Loan Agreement (Airnet Systems Inc)

No Setoff or Deduction. All payments of principal of and interest ---------------------- on the Loans and other amounts payable by the Company hereunder shall be made by the Company without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 1 contract

Samples: Execution Copy Credit Agreement (Petroleum Development Corp)

No Setoff or Deduction. All payments of principal of and interest on the Loans Outstanding Facilities, and all other amounts payable by the Company hereunder hereunder, shall be made by the Company without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

Appears in 1 contract

Samples: Credit Agreement (Hurco Companies Inc)

Time is Money Join Law Insider Premium to draft better contracts faster.