Common use of No Reductions Clause in Contracts

No Reductions. All payments due to the Administrative Agent or any Bank under the Loan Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower thereunder, shall be made, observed or performed by the Borrower without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim (whether sounding in tort, contract or otherwise) or Tax, except, subject to Section 1.11(c), for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.

Appears in 2 contracts

Samples: Credit Agreement (Reinsurance Group of America Inc), Credit Agreement (Reinsurance Group of America Inc)

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No Reductions. All payments due to the Administrative Agent Agent, the Issuing Bank, or any Bank under the Loan Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower thereunder, shall be made, observed or performed by the Borrower without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim (whether sounding in tort, contract or otherwise) or Tax, except, subject to Section 1.11(c)1.13, for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.

Appears in 2 contracts

Samples: Revolving Credit Facility (Trigen Energy Corp), Trigen Energy Corp

No Reductions. All payments due to the Administrative Agent or any Bank under the Loan Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower any Account Party thereunder, shall be made, observed or performed by the Borrower such Account Party without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim (whether sounding in tort, contract or otherwise) or Tax, except, subject to Section 1.11(c1.12(c), for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.

Appears in 1 contract

Samples: Credit Agreement (Reinsurance Group of America Inc)

No Reductions. All payments due to the Administrative Agent or any Bank under the Loan Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower thereunder, shall be made, observed or performed by the Borrower without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim (whether sounding in tort, contract or otherwise) or Tax, except, subject to Section 1.11(c)2.13, for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.

Appears in 1 contract

Samples: Aes Eastern Energy Lp

No Reductions. All payments due to the Administrative Agent Agent, a Swing Loan Lender or any Bank under the Loan Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower Borrowers thereunder, shall be made, observed or performed by the Borrower Borrowers without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim (whether sounding in tort, contract or otherwise) or Tax, except, subject to Section 1.11(c)1.13, for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.

Appears in 1 contract

Samples: Credit Agreement (Eastern Utilities Associates)

No Reductions. All payments due to the Administrative Agent or ------------- any Bank under the Loan Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower thereunder, shall be made, observed or performed by the Borrower without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim (whether sounding in tort, contract or otherwise) or Tax, except, subject to Section 1.11(c), except for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.

Appears in 1 contract

Samples: Credit Agreement (Primestar Inc)

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No Reductions. All payments due to the Administrative any Agent or any Bank under the Borrower Loan Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower thereunder, shall be made, observed or performed by the Borrower without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim (whether sounding in tort, contract or otherwise) or Tax, except, subject to the provisions of Section 1.11(c)1.13, for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.

Appears in 1 contract

Samples: Credit Agreement (Lin Television Corp)

No Reductions. All payments due to the Administrative Agent Agent, any Bank or any Issuing Bank under the Loan Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower thereunderhereunder, shall be made, observed or performed by the Borrower without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupmentrecumbent, counterclaim (whether sounding in tort, contract or otherwise) or Tax, except, subject to Section 1.11(c)2.13, for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.

Appears in 1 contract

Samples: Credit Agreement (Aes Eastern Energy Lp)

No Reductions. All payments due to the Administrative Agent Agent, any Bank or any Issuing Bank under the Loan Documents, and all other terms, conditions, covenants and agreements to be observed and performed by the Borrower thereunder, shall be made, observed or performed by the Borrower without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim (whether sounding in tort, contract or otherwise) or Tax, except, subject to Section 1.11(c)2.13, for any withholding or deduction for Taxes required to be withheld or deducted under Applicable Law.

Appears in 1 contract

Samples: Credit Agreement (Aes Eastern Energy Lp)

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