Common use of Offset Claims Clause in Contracts

Offset Claims. To the extent permitted by applicable Law, the Guaranteed Obligations shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense (except for the defense of Payment in Full of the Guaranteed Obligations) of any Borrower, Guarantor or any other party against Administrative Agent or against payment of the Guaranteed Obligations, whether such offset, claim, or defense arises in connection with the Guaranteed Obligations or otherwise. Such claims and defenses (including, without limitation, failure of consideration, breach of warranty, fraud, statute of frauds, bankruptcy, infancy, statute of limitations, lender liability, accord and satisfaction, and usury) are hereby expressly waived by Guarantor.

Offset Claims. To the extent permitted by applicable Lawlaw, the Obligations or the Guaranteed Obligations Obligation shall not be reduced, discharged or released because or by reason of any existing or future offset, claim or defense (except for the defense of Payment in Full of the Guaranteed ObligationsObligation) of any Borrower, Guarantor Borrower or any other party against Administrative Agent or against payment of the Guaranteed ObligationsObligation, whether such offset, claim, or defense arises in connection with the Guaranteed Obligations Obligation or otherwise. Such claims and defenses (includinginclude, without limitation, failure of consideration, breach of warranty, fraud, statute of frauds, bankruptcy, infancy, statute of limitations, lender liability, accord and satisfaction, and usury) are hereby expressly waived by Guarantor.