Payments Without Deduction. All amounts payable by the Issuer under this Indemnity Agreement shall be made free and clear of and without deduction for or on account of any set-off or counterclaim or any present or future taxes, charges, fees, levies, duties or withholdings of any kind. If the Issuer is obliged to deduct or withhold an amount in respect of any such matter, then in such event the Issuer shall pay to the Guarantor such additional amount as is necessary to enable the Guarantor to receive a net amount equal to the full amount payable hereunder.
Appears in 3 contracts
Sources: Indemnity Agreement, Participation Agreement, Indemnity Agreement