Common use of ASSIGNMENT AND SETOFF Clause in Contracts

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. (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.