Common use of No Reductions Clause in Contracts

No Reductions. All payments due to the Administrative Agent or any Bank under this Agreement shall be made by the Obligors, without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim or Tax, except, subject to Section 4.07, for any withholding or deduction for Taxes required to be withheld or deducted under applicable law.

Appears in 2 contracts

Sources: Credit Agreement (CSC Holdings Inc), Credit Agreement (Cablevisions System Corp /Ny)

No Reductions. All payments due to the Administrative Agent or any Bank under this Agreement shall be made by the Obligors, Company without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim or Tax, except, subject to Section 4.074.08, for any withholding or deduction for Taxes required to be withheld or deducted under applicable law.

Appears in 2 contracts

Sources: Credit Agreement (CSC Holdings Inc), Credit Agreement (CSC Holdings Inc)

No Reductions. All payments due to the Administrative Agent or any Bank under this Agreement Agreement, and all other terms, conditions, covenants and agreements to be observed and performed by the Company hereunder, shall be made made, observed or performed by the Obligors, Company 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 4.07, except for any withholding or deduction for Taxes required to be withheld or deducted under applicable lawApplicable Law.

Appears in 1 contract

Sources: Cash Collateral Agreement (Penncorp Financial Group Inc /De/)

No Reductions. All payments due to the Administrative Agent or any Bank under this Agreement shall be made by the Obligors, Obligors without any reduction or deduction whatsoever, including any reduction or deduction for any set-off, recoupment, counterclaim or Tax, except, subject to Section 4.07, for any withholding or deduction for Taxes required to be withheld or deducted under applicable law.

Appears in 1 contract

Sources: Credit Agreement (CSC Holdings Inc)