Common use of Payments in gross Clause in Contracts

Payments in gross. All payments in respect of a Loan must be made without: (a) any set-off, counterclaim or condition; and (b) any deduction or withholding for any Tax or any other reason, unless the relevant Borrower is required to make a deduction or withholding by applicable law.

Appears in 1 contract

Sources: Loan Facility Agreement (Ansell Healthcare Inc)

Payments in gross. All payments in respect of a Loan must be made without: (a) any set-off, counterclaim or condition; and (b) any deduction or withholding for any Tax or any other reason, unless the relevant Borrower is required to make a deduction or withholding by applicable law.

Appears in 1 contract

Sources: Loan Agreement (Ansell Healthcare Inc)