Common use of PAYMENTS AND SET-OFF Clause in Contracts

PAYMENTS AND SET-OFF. 8.1 All sums payable by the Guarantor under this 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 an additional amount which is necessary to ensure that the Authority receives a net amount equal to the full amount which it would have received if the original payment had been made without the deduction or withholding. 8.2 The Guarantor shall pay interest on any amount due under this Guarantee from the day after the date on which payment was due up to and including the date of payment in full (as well after as before any judgment) calculated from day to day at a rate per annum equal to 1% above LIBOR. 8.3 The Guarantor will reimburse the Authority for all legal costs (on a taxed cost basis) and other costs (including VAT) incurred by the Authority in connection with the enforcement of this Guarantee.

PAYMENTS AND SET-OFF. 8.1 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 an that additional amount which is necessary to ensure that the Authority Beneficiary receives a net amount equal to the full amount which it would have received if the original payment had been made without the deduction or withholding. 8.2 . The Guarantor shall pay interest on any amount due under this Deed of Guarantee from the day after the date on which payment was due up to and including the date of payment in full (as well after as before any judgment) calculated from day to day at a rate per annum equal to 1% above the latest inter-bank lending rate (LIBOR. 8.3 ) plus two percent (2%). The Guarantor will reimburse the Authority Beneficiary for all legal costs (on a taxed cost basis) and other costs (including VAT) incurred by the Authority Beneficiary in connection with the enforcement of this Deed of Guarantee.

PAYMENTS AND SET-OFF. 8.1 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 an that additional amount which is necessary to ensure that the Authority Beneficiary receives a net amount equal to the full amount which it would have received if the original payment had been made without the deduction or withholding. 8.2 . The Guarantor shall pay interest on any amount due under this Deed of Guarantee from the day after the date on which payment was due up to and including the date of payment in full (as well after as before any judgment) calculated from day to day at a rate per annum equal to 1% above the latest inter-bank lending rate (“LIBOR. 8.3 ”) plus two per cent (2%). The Guarantor will reimburse the Authority Beneficiary for all legal costs (on a taxed cost basis) and other costs (including VAT) incurred by the Authority Beneficiary in connection with the enforcement of this Deed of Guarantee.

PAYMENTS AND SET-OFF. 8.1 All sums payable by the Guarantor under this 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 an additional amount which is necessary to ensure that the Authority receives a net amount equal to the full amount which it would have received if the original payment had been made without the deduction or withholding. 8.2 . The Guarantor shall pay interest on any amount due under this Guarantee from the day after the date on which payment was due up to and including the date of payment in full (as well after as before any judgment) calculated from day to day at a rate per annum equal to 1% above LIBOR. 8.3 . The Guarantor will reimburse the Authority for all legal costs (on a taxed cost basis) and other costs (including VAT) incurred by the Authority in connection with the enforcement of this Guarantee.

PAYMENTS AND SET-OFF. 8.1 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 an that additional amount which is necessary to ensure that the Authority Beneficiary receives a net amount equal to the full amount which it would have received if the original payment had been made without the deduction or withholding. 8.2 . The Guarantor shall pay interest on any amount due under this Deed of Guarantee from the day after the date on which payment was due up to and including the date of payment in full (as well after as before any judgment) calculated from day to day at a rate per annum equal to 1% above the latest inter-bank lending rate (“LIBOR. 8.3 The Guarantor will reimburse the Authority for all legal costs ”) plus two percent (on a taxed cost basis) and other costs (including VAT) incurred by the Authority in connection with the enforcement of this Guarantee.2%)

PAYMENTS AND SET-OFF. 8.1 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 an that additional amount which is necessary to ensure that the Authority Beneficiary receives a net amount equal to the full amount which it would have received if the original payment had been made without the deduction or withholding. 8.2 The Guarantor shall pay interest on any amount due under this Deed of Guarantee from the day after the date on which payment was due up to and including the date of payment in full (as well after as before any judgment) calculated from day to day at a rate per annum equal to 1% above the latest inter-bank lending rate (LIBOR) plus two percent (2%). 8.3 The Guarantor will reimburse the Authority Beneficiary for all legal costs (on a taxed cost basis) and other costs (including VAT) incurred by the Authority Beneficiary in connection with the enforcement of this Deed of Guarantee.

PAYMENTS AND SET-OFF. 8.1 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 an that additional amount which is necessary to ensure that the Authority Beneficiary receives a net amount equal to the full amount which it would have received if the original payment had been made without the deduction or withholding. 8.2 . The Guarantor shall pay interest on any amount due under this Deed of Guarantee from the day after the date on which payment was due up to and including the date of payment in full (as well after as before any judgment) calculated from day to day at a rate per annum equal to 1% above the latest inter-bank lending rate (“LIBOR. 8.3 ”) plus two percent (2%). The Guarantor will reimburse the Authority Beneficiary for all legal costs (on a taxed cost basis) and other costs (including VAT) incurred by the Authority Beneficiary in connection with the enforcement of this Deed of Guarantee.