Common use of Unconditional Payments Clause in Contracts

Unconditional Payments. The liability of the Borrower to make payments or to discharge any other debts under this Agreement is in no way conditional upon performance of any contract by any other party and it shall not be affected in any way by reason of any claim, which the Borrower might have or might consider that it has against any other party or the Lender by way of setoff or counterclaim or otherwise.

Unconditional Payments. The liability of the Borrower to make payments or to discharge any other debts under this Agreement is in no way conditional upon performance of any contract by any other party and it shall not be affected in any way by reason of any claim, which the Borrower might have or might consider that it has against any other party or the Lender by way of setoff set-off or counterclaim counter-claim or otherwise.