Common use of No Set-off or Withholding Clause in Contracts

No Set-off or Withholding. All payments by the Borrower to the Lender hereunder shall be made to the Lender in full without condition or reduction for any counterclaim, defense, recoupment or setoff and free and clear of and exempt from, and without deduction or withholding for or on account of, any present or future taxes, levies, imposts, duties or charges of whatsoever nature imposed by any Governmental Authority or any taxing authority thereof.

Appears in 4 contracts

Sources: Credit Agreement, Credit Agreement (Thor Industries Inc), Credit Agreement (Thor Industries Inc)