PAYMENT WITHOUT DEDUCTIONS definition
PAYMENT WITHOUT DEDUCTIONS. All payments to be made by "THE SOLIDARY CO-DEBTORS" under this contract or any promissory note issued as consequence of the same shall be made tax exempted and without any deduction or discount for any duty, contribution, charge or lien, recharge, tax retention, currently existing or which may exist in the future, in the Dominican Republic, and the responsibility and payment of such duties shall be exclusively under the account of "THE SOLIDARY CO-DEBTORS", in the understanding that if for any cause "THE BANK" needs to pay directly such duties, "THE SOLIDARY CO-DEBTORS" shall be bound, upon request of "THE BANK" affected, to indemnify for such payment of duties and cover the interests at the rate established in the contract.