No right of set-off or counterclaim Clause Samples

No right of set-off or counterclaim. There shall be no right of set-off or ----------------------------------- counterclaim, in respect of any claim (other than a claim for violation of this Agreement), debt, or obligation against any payments to the Executive, his beneficiaries, or estates provided for in this Agreement.
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No right of set-off or counterclaim. No Noteholder who becomes indebted to the Issuer shall, in the event of a liquidation, dissolution or winding- up of the Issuer by way of public administration, be entitled to exercise any right of set-off or counterclaim against moneys owed by the Issuer in respect of the Notes held by such Noteholder.
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No right of set-off or counterclaim. This Condition 2.2 applies only where No Right of Set-Off or Counterclaim is specified as being applicable in the applicable Final Terms. No Noteholder who becomes indebted to the Issuer shall, in the event of a liquidation, dissolution or winding- up of the Issuer by way of public administration, be entitled to exercise any right of set-off or counterclaim against moneys owed by the Issuer in respect of the Notes held by such Noteholder.
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No right of set-off or counterclaim. No VPS Noteholder who becomes indebted to the Issuer shall, in the event of a liquidation, dissolution or winding-up of the Issuer by way of public administration, be entitled to exercise any right of set-off or counterclaim against moneys owed by the Issuer in respect of the VPS Notes held by such VPS Noteholder.
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No right of set-off or counterclaim. No Noteholder who becomes indebted to the Issuer shall, in the event of a liquidation, dissolution or winding- up of the Issuer by way of public administration, be entitled to exercise any right of set-off or counterclaim against moneys owed by the Issuer in respect of the Notes held by such Noteholder. Notwithstanding the preceding sentence, if any of the amounts owing to any Noteholder by the Issuer in respect of, or arising under or in connection with, the Notes is discharged by set-off, such Noteholder shall, subject to applicable law, immediately pay an amount equal to the amount of such discharge to the Issuer (or, in the event of its winding- up, dissolution, liquidation or bankruptcy, the liquidator or other relevant insolvency official (as the case may be and to the extent applicable)) and, until such time as payment is made, shall hold an amount equal to such amount discharged on behalf of and for the benefit of the Issuer (or the liquidator or such relevant insolvency official (as the case may be)) and accordingly not deem any such discharge to have taken place.
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No right of set-off or counterclaim. Borrowers agree to pay principal, interest, fees, and all other amounts due hereunder or under the Note without set-off or counterclaim or any deduction whatsoever.
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Related to No right of set-off or counterclaim

  • No set-off or counterclaim All payments made by an Obligor under the Finance Documents must be calculated and made without (and free and clear of any deduction for) set-off or counterclaim.

  • No Right of Set-Off The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

  • No Right of Setoff Neither party hereto nor any affiliate thereof may deduct from, set off, holdback or otherwise reduce in any manner whatsoever against any amounts such Persons may owe to the other party hereto or any of it affiliates any amounts owed by such other party or its affiliates to the first party or its affiliates.

  • No Setoffs or Counterclaims Make payments hereunder and under the other Loan Documents by or on behalf of Borrower without setoff or counterclaim and free and clear of, and without deduction or withholding for or on account of, any federal, state, or local taxes.

  • Set-off and counterclaim All payments made by the Borrower under this Agreement shall be made without set-off or counterclaim.