Common use of – GENERAL PROVISIONS ON PAYMENTS Clause in Contracts

– GENERAL PROVISIONS ON PAYMENTS. 11.1 All payments of principal, interest, charges, commissions, fees, expenses and any other amounts due to the Bank under the Financing Documents shall be made, without set-off or counterclaim and without any deduction or withholding, in the Reference Currency (or, in the case of costs and expenses of the Bank, in the currency in which such costs and expenses were incurred), for value on the due date, to such account or such other place as the Bank may from time to time designate by notice to the Borrower.