Common use of Right of Set Clause in Contracts

Right of Set. Off, shall benefit the relevant Participants and Indirect Participants. Notwithstanding the provisions of Section 507 of the Base Indenture, such rights and benefits shall be directly enforceable by or on behalf of the Beneficial Owner.

Appears in 4 contracts

Sources: Second Supplemental Indenture (Perez Companc Sa), First Supplemental Indenture (Perez Companc Sa), Third Supplemental Indenture (Perez Companc Sa)