Common use of No Right of Set Clause in Contracts

No Right of Set. Off. Each of Purchaser and Purchaser Parent for itself ------------------- and for its Subsidiaries, Affiliates, successors and assigns hereby unconditionally and, irrevocably waives any rights of set-off, netting, offset, recoupment, or similar rights that Purchaser or Purchaser Parent or any of their respective Subsidiaries, Affiliates, successors and assigns has or may have with respect to the payment of the Purchase Price, or any other payments to be made by Purchaser or Purchaser Parent pursuant to this Agreement or any other document or instrument delivered by Purchaser or Purchaser Parent in connection herewith.

Appears in 2 contracts

Sources: Purchase and Sale Agreement (Zond Windsystem Partners LTD Series 85-B), Purchase and Sale Agreement (Zond Windsystem Partners LTD Series 85-A)