Common use of Setoff and Counterclaim Clause in Contracts

Setoff and Counterclaim. All payments to be made by the Originator or the Collection Agent under this Agreement shall be made free and clear of any counterclaim, set-off, deduction or other defense, which the Originator or the Collection Agent may have against the Buyer, or against each other.

Setoff and Counterclaim. All payments to be made by the Originator Seller or the Collection Agent under this Agreement shall be made free and clear of any counterclaim, set-off, deduction or other defense, which the Originator Seller or the Collection Agent may have against the BuyerPurchaser, the Deal Agent, any Liquidity Provider, or against each other.