ASSIGNMENT AND SETOFF Sample Clauses
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ASSIGNMENT AND SETOFF. The Borrower grants the Lender a lien and security interest in all of the Borrower’s present and future property now or hereafter in the possession, control or custody of, or in transit to, the Lender for any purpose, and the balance of every present and future account of the Borrower with the Lender, and each present and future claim of the Borrower against the Lender. Such lien and security interest secures all present and future debts, obligations and liabilities of the Borrower to the Lender. In addition to all other rights and remedies, upon the occurrence of a Default, the Lender may foreclose such lien and security interest, and the Lender may set off any sum due to or incurred by the Lender or charge all or any part of the aggregate amount of such debts, obligations and liabilities against any such property, accounts, deposits, credits, and other property of Borrower and any and all claims of the Borrower against the Lender, without notice. Such right shall exist whether or not the Lender shall have made any demand hereunder or under any other Loan Document, whether or not said sums, or any part thereof, or deposits and credits held for the account of the Borrower is or are matured or unmatured, and regardless of the existence or adequacy of any collateral, guaranty or any other security, right or remedy available to the Lender. The Lender agrees that it shall notify the Borrower of its exercise of such setoff right; provided, however, that the failure of the Lender to provide such notice shall not affect the validity of the exercise of such setoff rights. Nothing in this Agreement shall be deemed a waiver or prohibition of or restriction on the Lender to all rights of banker’s lien, setoff and counterclaim available pursuant to law.
ASSIGNMENT AND SETOFF. Seller shall not assign this Purchase Order or any rights, claims or obligations under this Purchase Order without prior written consent of L3Harris, and any such attempted assignment shall be void. All claims for money due or to become due from L3Harris shall be subject to deduction by L3Harris for any setoff or claims which L3Harris may have against Seller arising out of this or any other of the L3Harris Purchase Orders with Seller, whether such setoff or counterclaim arose before or after any such assignment by Seller. In no event shall copies of this Purchase Order, specifications, or other similar documents relating to work under this Purchase Order if marked “Top Secret,” “Secret,” or “Confidential” be furnished to any assignee of any claim arising under this Purchase Order without the prior written consent of the Contracting Officer.
ASSIGNMENT AND SETOFF. Seller shall not assign this Purchase Order or any rights, claims, or obligations under this Purchase Order without prior written consent of ▇▇▇▇▇▇, and any such attempted assignment shall be void. All claims for money due or to become due from ▇▇▇▇▇▇ shall be subject to deduction by ▇▇▇▇▇▇ for any setoff or claims which ▇▇▇▇▇▇ may have against Seller arising out of this or any other of the ▇▇▇▇▇▇ Purchase Orders with Seller, whether such setoff or counterclaim arose before or after any such assignment by Seller. In no event shall copies of this Purchase Order, specifications, or other similar documents relating to work under this Purchase Order if marked “Top Secret,” “Secret,” or “Confidential” be furnished to any assignee of any claim arising under this Purchase Order without the prior written consent of the Contracting Officer.
ASSIGNMENT AND SETOFF. The Buyer shall not assign any right or obligation under the Order without the prior written consent of the Supplier. The Buyer shall have no right to withhold, compensate or reduce any payment or to set off existing and future claims, charges, expenses, fees or other payment of any kind whatsoever under any circumstances, including but not limited to, any liability which may arise due to any breach or alleged breach of any agreement, quotation or offer.
ASSIGNMENT AND SETOFF. Buyer shall not assign any rights or obligations under the Agreement without the prior written consent of WALVOIL. Buyer shall have no right to withhold or reduce any payments or to offset existing and future claims against any payments due for Products sold under the Agreement or under any other agreement that Buyer may have with WALVOIL or any of its affiliates may have and agrees to pay the amounts hereunder regardless of any claimed offset which may be asserted by Buyer or on its behalf. Buyer acknowledges that the obligations contained in this Agreement shall survive the termination of any agreement of other arrangement under which the products, software or technology was provided to Buyer. In addition, in the event of any conflict in the terms provided in this Agreement with any other document entered into between Buyer and WALVOIL, Buyer understands that the terms of this Agreement shall control and be binding upon Buyer.
ASSIGNMENT AND SETOFF. Supplier may not without Buyer’s prior written consent (a) assign the Purchase Order or any right or interest therein, (b) delegate any obligation that it owes to Buyer under the Purchase Order, or (c) subcontract the performance of all or substantially all of its duties under the Purchase Order. Any attempted assignment or delegation shall be wholly void and ineffective for all purposes unless made in conformity with this paragraph. The Purchase Terms shall bind any permitted successors and assigns of Supplier. All claims for money due or to become due from Buyer shall be subject to deduction or setoff by Buyer by reason of any claim or liability arising from the Purchase Order or any other transaction between Buyer and
ASSIGNMENT AND SETOFF. The Borrowers hereby grant the Bank a lien and security interest in all of the Borrowers’ present and future property now or hereafter in the possession, control or custody of, or in transit to, the Bank for any purpose, and the balance of every present and future account of the Borrowers with the Bank, and each present and future claim of the Borrowers against the Bank. Such lien and security interest secures all present and future debts, obligations and liabilities of the Borrowers to the Bank. In addition to all other rights and remedies, when or at any time after such debt, obligation or liability becomes due or an Event of Default has occurred, the Bank may foreclose such lien and security interest, and the Bank may offset or charge all or any part of the aggregate amount of such debts, obligations and liabilities against any such property, accounts and claims without notice.
ASSIGNMENT AND SETOFF. (a) Customer cannot assign any rights or obligations under any Agreement without the prior consent of Philips. Customer cannot withhold or reduce any payments or set off existing and future claims against any payments due for Products and/or Services sold under these Terms or any Agreement and agrees to pay the amounts hereunder regardless of any claimed set-off which may be asserted by Customer or on its behalf.
(b) Philips may delegate, assign or subcontract in part or in whole its obligations and rights (including receivables) under any Agreement to any of its affiliates or any third party without the prior consent of Customer, in which event Customer shall cooperate with Philips’s efforts, including but not limited to, providing relevant information, executing documents and making payments to such accounts notified by Philips.
ASSIGNMENT AND SETOFF. Customer shall not assign any rights or obligations under the Agreement without the prior written consent of ▇▇▇▇. Customer shall have no right to withhold or reduce any payments or to offset existing and future claims against any payments due for Products sold under the Agreement or under any other agreement that Customer may have with ▇▇▇▇ or any of its affiliates may have and agrees to pay the amounts hereunder regardless of any claimed offset which may be asserted by Customer or on its behalf.
ASSIGNMENT AND SETOFF. Buyer shall not assign any rights or obligations under the Agreement without the prior written consent of OLEDWorks in its discretion. Buyer shall have no right to withhold or reduce any payments or to offset existing and future claims against any payments due for Products sold under the Agreement or under any other agreement that Buyer may have with OLEDWorks or any of its affiliates may have and agrees to pay the amounts hereunder regardless of any claimed offset which may be asserted by Buyer or on its behalf. However, ▇▇▇▇▇ shall have the right to offset claims that are undisputed by OLEDWorks or which have been established through a non-appealable judgment. OLEDWorks in its discretion may assign all or a portion of its rights and obligations hereunder in its discretion.