7.1 Payments by Guarantor

All payments to be made by the Guarantor under this Guarantee are to be made to the Finance Parties in immediately available cleared funds in the same currency in which the sums comprised in the Borrower's Obligations are denominated to the account the Finance Parties specify for this purpose.

7.2 No set-off or deductions

All payments made by the Guarantor under this Guarantee must be made in full without set-off or counterclaim and not subject to any condition and free and clear of and without deduction or withholding for or on account of any taxes or any other purpose. If any deduction or withholding from any payment is required by law then the Guarantor will promptly pay to the Finance Parties an additional amount being the amount required to procure that the aggregate net amount received by the Finance Parties will equal the full amount which would have been received by it had no deduction or withholding been made.

7.3 Set-Off

A Finance Party may set-off any matured obligation due from the Guarantor under the Guarantee (to the extent beneficially owned by that Finance Party) against any matured obligation owed by that Finance Party to the Guarantor, regardless of the place of payment, booking branch or currency of either obligation. If the obligations are in different currencies, the Finance Party may convert either obligation at a market rate of exchange in its usual course of business for the purpose of the set-off.