Common use of Rights of Setoff Clause in Contracts

Rights of Setoff. To the extent permitted by Applicable Law, the Servicer hereby waives any right it may have under Applicable Law to exercise any rights of setoff it has under Applicable Law with respect to any assets it holds owned by, or money or monies it owes to, any Person within AerCo Group pursuant to and in accordance with the terms and conditions of this Agreement; provided however that this Section 13.09 shall not affect any rights of setoff or other rights that the Servicer has or may have under the express terms and conditions of this Agreement.

Rights of Setoff. To the extent permitted by Applicable Law, the Servicer hereby waives any right it may have under Applicable Law to exercise any rights of setoff it has under Applicable Law with respect to any assets it holds owned by, or money or monies it owes to, any Person within AerCo Group pursuant to and in accordance with the terms and conditions of this Agreement; provided however that this Section 13.09 14.09 shall not affect any rights of setoff or other rights that the Servicer has or may have under the express terms and conditions of this Agreement.