Common use of No Setoffs Clause in Contracts

No Setoffs. Your obligation to pay us all Payments is absolute and unconditional. You are not excused from making the Payments, in full, for any reason. You agree that you have no defense for failure to make the Payments and you will not make any counterclaims or setoffs to avoid making the Payments.

Appears in 9 contracts

Sources: Master Loan and Security Agreement (Cosine Communications Inc), Master Loan and Security Agreement (Cytogen Corp), Master Loan and Security Agreement (Internap Network Services Corp/Wa)