No Right to Offset Sample Clauses
The "No Right to Offset" clause prohibits either party from deducting or withholding amounts they believe are owed to them from payments due under the agreement. In practice, this means that if one party believes the other owes them money for a separate issue, they cannot simply reduce their current payment by that amount; instead, they must pay the full amount due and resolve any disputes separately. This clause ensures that payment obligations are met in full and on time, preventing parties from unilaterally adjusting payments and thereby reducing the risk of payment disputes or cash flow interruptions.
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No Right to Offset. The Parties, their successors and assigns hereby unconditionally and irrevocably waive any rights to offset that such Parties, or any of their Affiliates, successors and assigns, have or may have in respect of any payments to be made by the respective Party pursuant to this Agreement.
No Right to Offset. Where the Fund involves a depositary, no right of offset is allowed and Fund Assets cannot be pledged, assigned or anyway alienated as security for a loan pursuant to the Act.
No Right to Offset. Franchise Owner will not, for any reason, withhold payment of any monthly payment, fee or any other fees or payments due to the Franchisor under this Agreement or pursuant to any other contract, agreement or obligation to the Franchisor. Franchise Owner shall not have the right to "offset" any liquidated or unliquidated amounts, damages or other funds allegedly due to the Franchise Owner from the Franchisor against any monthly payment, fee or any other fees or payments due to the Franchisor under this Agreement or otherwise.
No Right to Offset. Where the Plan involves a depositary, no right of offset is allowed and Plan Assets cannot be pledged, assigned or anyway alienated as security for a loan pursuant to the Act.
No Right to Offset. Lyric will not, for any reason, withhold payment of any monthly payment, fee or any other fees or payments due to the Franchisor under this Agreement or pursuant to any other contract, agreement or obligation to the Franchisor or any of its Affiliates. Lyric shall not have the right to "offset" any liquidated or unliquidated amounts, damages or other funds allegedly due to Lyric from the Franchisor against any monthly payment, fee or any other fees or payments due to the Franchisor or any of its Affiliates under this Agreement or otherwise.
No Right to Offset. The FRANCHISEE will not, on grounds of the alleged nonperformance by CITY LOOKS of any of its obligations under this Agreement or any other contract between CITY LOOKS and the FRANCHISEE, or for any other reason, withhold payment of any amounts due CITY LOOKS under this Agreement or any other contract or obligation. The FRANCHISEE will not have the right to "offset" any liquidated or unliquidated amounts allegedly due to the FRANCHISEE from CITY LOOKS against any payments due to CITY LOOKS under this Agreement or any other contract or obligation.
No Right to Offset. Neither Party shall offset, counterclaim or otherwise withhold any amounts owed or claimed to be owed to the other Party under this Agreement, notwithstanding any dispute that may be pending between them, or in order to offset any obligation due to such Party pursuant to this Agreement, the Purchase Agreement or otherwise, whether or not such obligation has been finally adjudicated, settled or otherwise agreed upon by the Parties in writing.
No Right to Offset. The FRANCHISEE will not, on grounds of the alleged nonperformance by CITY LOOKS of any of its obligations under this Agreement, any other contract between CITY LOOKS and FRANCHISEE, or for any other reason, withhold payment of any Continuing Fees, National Advertising Production Fees, Advertising Fees or any other fees or payments due CITY LOOKS under this Agreement or any other contract or obligation. The FRANCHISEE will not have the right to "offset" or withhold any liquidated or unliquidated amounts allegedly due to the FRANCHISEE from CITY LOOKS against the Continuing Fees, the National Advertising Production Fees, the Advertising Fees or any other payments due to CITY LOOKS under this Agreement or any other contract or obligation.
No Right to Offset. The FRANCHISEE will not, on grounds of the alleged nonperformance by COST CUTTERS of any of its obligations under this Agreement, any other contract between COST CUTTERS and the FRANCHISEE, or for any other reason, withhold payment of any amounts due COST CUTTERS under this Agreement or any other contract, promissory note or other obligation payable by the FRANCHISEE to COST CUTTERS. The FRANCHISEE will not have the right to "offset" any liquidated or unliquidated amounts allegedly due to the FRANCHISEE from COST CUTTERS against any payments due to COST CUTTERS under this Agreement or any other contract, promissory note or other obligation payable by the FRANCHISEE to COST CUTTERS.
No Right to Offset. You may not withhold all or any part of any payment to Planet Beach or any of its affiliates on the grounds of the alleged nonperformance of Planet Beach or any of its affiliates or as an offset against any amount Planet Beach or any of its affiliates may owe or allegedly owe you under this Agreement or any related agreements.