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.
Appears in 3 contracts
Sources: Agency Agreement, Agency Agreement, Agency Agreement