Common use of PAYMENTS AND SET-OFF Clause in Contracts

PAYMENTS AND SET-OFF. 10.1 All sums payable by the Guarantor under this Deed of Guarantee shall be paid without any set-off, lien or counterclaim, deduction or withholding, howsoever arising, except for those required by law, and if any deduction or withholding must be made by law, the Guarantor will pay that additional amount which is necessary to ensure that the Beneficiary receives a net amount equal to the full amount which it would have received if the payment had been made without the deduction or withholding. 10.2 The Guarantor shall pay interest on any amount due under this Deed of Guarantee at the applicable rate under the Late Payment of Commercial Debts (Interest) ▇▇▇ ▇▇▇▇, accruing on a daily basis from the due date up to the date of actual payment, whether before or after judgment. 10.3 The Guarantor will reimburse the Beneficiary for all legal and other costs (including VAT) incurred by the Beneficiary in connection with the enforcement of this Deed of Guarantee.

Appears in 2 contracts

Sources: Deed of Guarantee, Agreement for the Provision of Integrated Sexual Health and Hiv Services

PAYMENTS AND SET-OFF. 10.1 All sums payable by the Guarantor under this Deed of Guarantee shall be paid without any set-off, lien or counterclaim, deduction or withholding, howsoever arising, except for those required by law, and if any deduction or withholding must be made by law, the Guarantor will pay that additional amount which is necessary to ensure that the Beneficiary receives Beneficiaries receive a net amount equal to the full amount which it the Beneficiaries would have received if the payment had been made without the deduction or withholding. 10.2 The Guarantor shall pay interest on any amount due under this Deed of Guarantee at the applicable rate under the Late Payment of Commercial Debts (Interest) ▇▇▇ ▇▇▇▇Act 1998, accruing on a daily basis from the due date up to the date of actual payment, whether before or after judgment. 10.3 The Guarantor will reimburse the Beneficiary Beneficiaries for all legal and other costs (including VAT) incurred by the Beneficiary Beneficiaries in connection with the enforcement of this Deed of Guarantee.

Appears in 1 contract

Sources: Guarantee

PAYMENTS AND SET-OFF. 10.1 All sums payable by the Guarantor under this Deed of Guarantee shall will be paid without any set-set- off, lien or counterclaim, deduction or withholding, howsoever arising, except for those required by law, and if . If any deduction or withholding must be made by law, the Guarantor will pay that the additional amount which is necessary to ensure that the Beneficiary receives a net amount equal to the full amount which it would have received received, if the payment had been made without the deduction or withholding. 10.2 The Guarantor shall will pay interest on any amount due under this Deed of Guarantee at the applicable rate under the Late Payment of Commercial Debts (Interest) ▇▇▇ ▇▇▇▇Act 1998, accruing on a daily basis from the due date up to the date of actual payment, whether before or after judgment. 10.3 The Guarantor will reimburse the Beneficiary for all legal and other costs (including VAT) incurred by the Beneficiary in connection with the enforcement of this Deed of Guarantee.

Appears in 1 contract

Sources: Framework Agreement

PAYMENTS AND SET-OFF. 10.1 All sums payable by the Guarantor under this Deed of Guarantee shall be paid without any set-off, lien or counterclaim, deduction or withholding, howsoever arising, except for those required by law, and if any deduction or withholding must be made by law, the Guarantor will pay that additional amount which is necessary to ensure that the each Beneficiary receives a net amount equal to the full amount which it would have received if the payment had been made without the deduction or withholding. 10.2 The Guarantor shall pay interest on any amount due under this Deed of Guarantee at the applicable rate under the Late Payment of Commercial Debts (Interest) ▇▇▇ ▇▇▇▇Act 1998, accruing on a daily basis from the due date up to the date of actual payment, whether before or after judgment. 10.3 The Guarantor will reimburse the each Beneficiary for all legal and other costs (including VAT) incurred by the that Beneficiary in connection with the enforcement of this Deed of Guarantee.

Appears in 1 contract

Sources: Framework Agreement

PAYMENTS AND SET-OFF. 10.1 All sums payable by the Guarantor under this Deed of Guarantee shall be paid without any set-off, lien or counterclaim, deduction or withholding, howsoever arising, except for those required by law, and if any deduction or withholding must be made by law, the Guarantor will pay that additional amount which is necessary to ensure that the Beneficiary receives a net amount equal to the full amount which it would have received if the payment had been made without the deduction or withholding. 10.2 The Guarantor shall pay interest on any amount due under this Deed of Guarantee at the applicable rate under the Late Payment of Commercial Debts (Interest) ▇▇▇ ▇▇▇▇Act 1998, accruing on a daily basis from the due date up to the date of actual payment, whether before or after judgment. 10.3 The Guarantor will reimburse the Beneficiary for all legal and other costs Costs (including VAT) incurred by the Beneficiary in connection with the enforcement of this Deed of Guarantee.

Appears in 1 contract

Sources: Framework Agreement

PAYMENTS AND SET-OFF. 10.1 All sums payable by the Guarantor under this Deed of Guarantee shall be paid without any set-off, lien or counterclaim, deduction or withholding, howsoever arising, except for those required by law, and if any deduction or withholding must be made by law, the Guarantor will pay that additional amount which is necessary to ensure that the each Beneficiary receives a net amount equal to the full amount which it would have received if the payment had been made without the deduction or withholding. 10.2 The Guarantor shall pay interest on any amount due under this Deed of Guarantee at the applicable rate under the Late Payment of Commercial Debts (Interest) ▇▇▇ ▇▇▇▇, accruing on a daily basis from the due date up to the date of actual payment, whether before or after judgment. 10.3 The Guarantor will reimburse the each Beneficiary for all legal and other costs (including VAT) incurred by the that Beneficiary in connection with the enforcement of this Deed of Guarantee.

Appears in 1 contract

Sources: Framework Agreement