Waiver of Set Sample Clauses

A Waiver of Set clause prevents a party from offsetting or deducting amounts they believe are owed to them against amounts they are required to pay under the contract. In practice, this means that even if one party has a claim or counterclaim against the other, they must still fulfill their payment obligations in full and cannot unilaterally reduce payments by the amount of their claim. This clause ensures that payment flows remain uninterrupted and disputes over unrelated claims do not delay or reduce contractual payments, thereby providing certainty and protecting the cash flow of the receiving party.
Waiver of Set. Off or Counter Claim ---------------------------------- LBA hereby waives any and all rights to set-off or counter claims which it may have with respect to any amount due to MICC hereunder. In particular, LBA shall not withhold payment of any amounts due to MICC under this Agreement or the Note on the grounds that it has or purports to have a claim, right of action against Marriott International, Inc., Marriott Hotel Services, Inc. or any of their affiliates.
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Waiver of Set. Off With Respect to the Lessor Grantors, the Lessee Grantors and ANC 44 SECTION 5.18 Confidentiality .................................................................. 44
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Waiver of Set off Rights by Escrow Agent. Escrow Agent hereby waives (with respect to all existing and future claims that it may have against any Borrower) all rights of set-off and banker's liens that Escrow Agent may now or hereafter have against the Accounts and the Covered Property that come into the possession of Escrow Agent in connection with the Accounts.
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Waiver of Set. Off ----------------- Without limiting the generality of anything hereinbefore contained, the Tenant hereby waives and renounces any and all existing and future claims, offsets and compensation against any Basic Rent due hereunder and agrees to pay such Basic Rent and other amounts regardless of any claim, offset or compensation which may be asserted by the Tenant or on its behalf.
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Waiver of Set. Off With Respect to the Lessor Grantors, the Lessee Grantors and Republic. Each of the Beneficiaries hereby waives and relinquishes any right that it has or may have to set-off or to exercise any banker's lien or any right of attachment or garnishment with respect to any funds at any time and from time to time on deposit in, or otherwise to the credit of, any account and any claims of the Lessor Grantors, the Lessee Grantors and Republic therein or with respect to any right to payment from the Lessor Grantors, the Lessee Grantors and Republic, it being understood, however, that nothing contained in this Section 5.17 shall, or is intended to, derogate from the assignment and security interest granted to any Beneficiary under the Financing Documents or the Master Collateral Agent under this Agreement or impair any rights of the Beneficiaries or the Master Collateral Agent hereunder or thereunder.
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Related to Waiver of Set

  • Waiver of Set Off Each of the parties hereto hereby waives any right of setoff it may have or to which it may be entitled under this Agreement from time to time against the Administrative Agent, the Lenders or their respective assets.

  • Waiver of Setoffs The Indenture Trustee hereby expressly waives any and all rights of setoff that the Indenture Trustee may otherwise at any time have under applicable law with respect to any Trust Account and agrees that amounts in the Trust Accounts shall at all times be held and applied solely in accordance with the provisions hereof and of the other Basic Documents.

  • Waiver of Setoff Each of the parties hereto hereby waives any right of setoff it may have or to which it may be entitled under this Agreement from time to time against any Lender or its assets.

  • Waiver of Steps The parties may mutually agree to waive any step of the grievance procedure.

  • Waiver of Sovereign Immunity Each Loan Party that is incorporated outside the United States, in respect of itself, its Subsidiaries, its process agents, and its properties and revenues, hereby irrevocably agrees that, to the extent that such Loan Party or its respective Subsidiaries or any of its or its respective Subsidiaries’ properties has or may hereafter acquire any right of immunity, whether characterized as sovereign immunity or otherwise, from any legal proceedings, whether in the United States or elsewhere, to enforce or collect upon the Loans or any Loan Document or any other liability or obligation of such Loan Party or any of their respective Subsidiaries related to or arising from the transactions contemplated by any of the Loan Documents, including, without limitation, immunity from suit, immunity from service of process, immunity from jurisdiction or judgment of any court or tribunal, immunity from execution of a judgment, and immunity of any of its property from attachment prior to any entry of judgment, or from attachment in aid of execution upon a judgment, such Loan Party, for itself and on behalf of its Subsidiaries, hereby expressly waives, to the fullest extent permissible under applicable law, any such immunity, and agrees not to assert any such right or claim in any such proceeding, whether in the United States or elsewhere. Without limiting the generality of the foregoing, each Loan Party further agrees that the waivers set forth in this Section 10.25 shall have the fullest extent permitted under the Foreign Sovereign Immunities Act of 1976 of the United States and are intended to be irrevocable for purposes of such Act.