Common use of NO DEFENSES OF SELLER Clause in Contracts

NO DEFENSES OF SELLER. Seller hereby acknowledges and agrees that Seller has no offsets, defenses, claims, or counterclaims against Buyer with respect to the Purchase Agreement or otherwise, and that if Seller now has, or ever did have, any offsets, defenses, claims, or counterclaims against Buyer, whether known or unknown, at law or in equity, all of them are hereby expressly WAIVED and Seller hereby RELEASES Buyer from any liability thereunder.

Appears in 24 contracts

Samples: Non Recourse Receivables Purchase Agreement (Aspen Technology Inc /De/), Receivables Purchase Agreement (Aspen Technology Inc /De/), Twenty Fourth (Aspen Technology Inc /De/)

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NO DEFENSES OF SELLER. Seller hereby acknowledges and agrees that Seller has no offsets, defenses, claims, or counterclaims against Buyer with respect to the Purchase Agreement or otherwiseBuyer, and that if Seller now has, or ever did have, any offsets, defenses, claims, or counterclaims against Buyer, whether known or unknown, at law or in equity, all of them are hereby expressly WAIVED and Seller hereby RELEASES Buyer from any liability thereunder.

Appears in 2 contracts

Samples: Receivables Purchase Agreement (Finisar Corp), Receivables Purchase Agreement (Finisar Corp)

NO DEFENSES OF SELLER. Seller hereby acknowledges and agrees that Seller has no offsets, defenses, claims, or counterclaims against Buyer with respect to the Purchase Agreement Obligations, or otherwise, and that if Seller now has, or ever did have, any offsets, defenses, claims, or counterclaims against Buyer, whether known or unknown, at law or in equity, all of them are hereby expressly WAIVED and Seller hereby RELEASES Buyer from any liability thereunder.

Appears in 1 contract

Samples: Accounts Receivable Purchase Agreement (Comtex News Network Inc)

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NO DEFENSES OF SELLER. Seller hereby acknowledges and agrees that Seller has no offsets, defenses, claims, or counterclaims against Buyer with respect to the Purchase Agreement or otherwiseAgreement, and that if Seller now has, or ever did have, any such offsets, defenses, claims, or counterclaims against Buyer, whether known or unknown, at law or in equity, all of them are hereby expressly WAIVED and Seller hereby RELEASES Buyer from any liability thereunder.

Appears in 1 contract

Samples: Non Recourse Receivables Purchase Agreement (ARBINET Corp)

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