No Right to Setoff Sample Clauses

The "No Right to Setoff" clause prohibits one party from deducting or offsetting amounts it claims are owed to it against amounts it owes to the other party under the agreement. In practice, this means that if a party believes it is entitled to compensation or reimbursement, it must pay its obligations in full and pursue any claims separately, rather than unilaterally reducing payments. This clause ensures that payment obligations are met as agreed, preventing disputes or delays caused by one party withholding funds due to unrelated claims.
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No Right to Setoff. No Party shall have a right to setoff revenue in excess of the minimum revenue commitment of the Minimum Trunk Pipeline Revenue Commitment, the Minimum Gathering Pipeline Revenue Commitment, the Minimum ▇▇▇▇▇ Cross Pipeline Revenue Commitment or the Minimum Roswell Pipeline Revenue Commitment with respect to any deficiency under the Minimum Trunk Pipeline Revenue Commitment, the Minimum Gathering Pipeline Revenue Commitment, the Minimum ▇▇▇▇▇ Cross Pipeline Revenue Commitment or the Minimum Roswell Pipeline Revenue Commitment.
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No Right to Setoff. Tenant shall pay to Landlord, throughout the Lease Term, the Rent and other sums payable hereunder, free of any charges, assessments, deductions or reductions of any kind, and without abatement, deduction or setoff except as otherwise expressly provided for herein.
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No Right to Setoff. The Company shall make any and all payments due to the Holder pursuant to and in accordance with the terms of this Warrant without the Company having any right under this Warrant or pursuant to applicable law to offset any amounts due and owing (or to become due and owing) under this Warrant to the Holder.
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No Right to Setoff. Payments are not subject to setoff or reduction.
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No Right to Setoff. There shall be no right of setoff or counterclaim with respect to any claim, debt or obligation, against payments to Buyer or Seller under this Agreement.
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No Right to Setoff. Notwithstanding anything to the contrary, in no event is the Parent entitled or permitted to setoff any amounts owed by any Person to the Parent against any amounts owed by the Parent under the Promissory Note. For the avoidance of doubt, the foregoing shall not limit the mechanic set forth in Section 2.13(d)(ii).
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No Right to Setoff. Except as provided in Section 3.04(a), no Party nor any Affiliate thereof may deduct from, set off, hold back or otherwise reduce in any manner whatsoever any amount owed to it hereunder or pursuant to any other agreement against any amounts owed hereunder or pursuant to any other agreement by such Party and/or its Affiliates to any other Party or any of such other Party’s Affiliates.
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No Right to Setoff. Neither Purchaser nor Recipient shall have any right of setoff with respect to any claim, debt or obligation against payments to Provider under this Agreement.
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No Right to Setoff. Neither party, nor their respective Subsidiaries, shall be entitled to offset any amounts owed to it or its Subsidiaries by the other or the other’s Subsidiaries pursuant to this Agreement or any of the Transaction Documents against amounts it or its Subsidiaries otherwise owe to the other or the other’s Subsidiaries pursuant to this Agreement and the Transaction Documents.
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Related to No Right to Setoff

  • No Right to Set-Off The Recipient shall timely pay the full amount of Service Charges and Reimbursement Charges and shall not set-off, counterclaim or otherwise withhold any amount owed to the Provider under this Agreement on account of any obligation owed by the Provider to the Recipient.

  • 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 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 to Withdraw No Member shall have any right to resign or withdraw from the Company without the consent of the other Members or to receive any distribution or the repayment of its capital contribution except as provided in Section 7.2 and Article IX upon dissolution and liquidation of the Company. No Member shall have any right to have the fair value of its Membership Interest in the Company appraised and paid out upon the resignation or withdrawal of such Member or any other circumstances.

  • Right of Setoff If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have.