Common use of Obligations of Xxxxx Clause in Contracts

Obligations of Xxxxx. Except as otherwise expressly provided herein, the obligations of Xxxxx to make the deposits and other payments contemplated by this Agreement are absolute and unconditional and all payments to be made by Xxxxx under or in connection with this Agreement shall be made free and clear of, and Xxxxx hereby irrevocably and unconditionally waives all rights of, any counterclaim, set-off, deduction or other analogous rights or defenses, in connection with such obligations, which it may have against the Purchaser. All stamp, documentary, registration or similar duties or taxes, including withholding taxes and any penalties, additions, fines, surcharges or interest relating thereto, which are imposed or chargeable in connection with this Agreement shall be paid by Xxxxx; provided that the Purchaser shall be entitled, but not obliged, to pay any such duties or taxes whereupon Xxxxx shall on demand indemnify such party against those duties or taxes and against any costs and expenses so incurred by it in discharging them.