The Guarantor agrees to make any payment due hereunder upon a Demand from the Beneficiary without set-off or counterclaim and without any legal formality such as protest or notice being necessary, and waives all privileges or rights which it may have as a guarantor, including any right to require the Beneficiary to claim payment or to exhaust remedies against the Supplier or any other person. All payments to be made by the Guarantor hereunder shall be made in the currency in which they are due under the Demand and without withholding or deduction on account of taxes or, if the Guarantor is obliged to make any withholding or deduction, the Guarantor shall gross up the payment so that the net sum received by the Beneficiary shall be the sum demanded.