Common use of No Offset Clause in Contracts

No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligations, any right of offset that the Manager has or may have against the Trustee, the Control Party or the Securitization Entities, whether in respect of this Agreement, the other Transaction Documents or any document governing any Managed Asset or otherwise.

Appears in 5 contracts

Samples: Management Agreement (Fat Brands, Inc), Management Agreement (Fat Brands, Inc), Management Agreement (Fat Brands, Inc)

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No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligations, any right of offset that the Manager has or may have against the Trustee, the Control Party Servicer or any of the Securitization EntitiesService Recipients, whether in respect of this Agreement, the other Transaction Documents or any document governing any Managed Asset or otherwise.

Appears in 4 contracts

Samples: Canadian Management Agreement (Driven Brands Holdings Inc.), Canadian Management Agreement (Driven Brands Holdings Inc.), Management Agreement (Driven Brands Holdings Inc.)

No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligations, any right of offset that the Manager has or may have against the Trustee, the Control Party Servicer or any of the Securitization Entities, whether in respect of this Agreement, the other Transaction Documents or any document governing any Managed Asset or otherwise.

Appears in 4 contracts

Samples: Management Agreement (Yum Brands Inc), Management Agreement (Yum Brands Inc), Management Agreement

No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligations, any right of offset that the Manager has or may have against the Trustee, the Control Party Servicer or the Securitization Entities, whether in respect of this Agreement, the other Transaction Related Documents or any document governing any Managed Asset or otherwise.

Appears in 2 contracts

Samples: Management Agreement (DineEquity, Inc), Management Agreement (Dine Brands Global, Inc.)

No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligations, any right of offset that the Manager has or may have against the Trustee, the Control Party Servicer or the Securitization Entities, whether in respect of this Agreement, the other Transaction Related Documents or any document governing any Managed Securitized Asset or otherwise.

Appears in 2 contracts

Samples: Management Agreement (Jack in the Box Inc /New/), Management Agreement (Jack in the Box Inc)

No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligations, any right of offset that the Manager has or may have against the Trustee, the Servicer, the Control Party or the Securitization Entities, whether in respect of this Agreement, the other Transaction Documents or any document governing any Managed Asset or otherwise.

Appears in 1 contract

Samples: Management Agreement (Dine Brands Global, Inc.)

No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligationsany defense, any counterclaim or right of offset that which the Manager has or may have against the Trustee, the Control Party or the Securitization Entities, whether in respect of this Agreement, the any other Transaction Documents or Related Document, any document governing any Managed Serviced Asset or otherwise.

Appears in 1 contract

Samples: Management Agreement (Dominos Pizza Inc)

No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligationsany defense, any counterclaim or right of offset that which the Manager has or may have against the Trustee, the Control Party or the Securitization Entities, whether in respect of this Agreement, the other Transaction Documents or any Related Document, any document governing any Managed Securitized Asset or otherwise.

Appears in 1 contract

Samples: Management Agreement (European Wax Center, Inc.)

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No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligationsany defense, any counterclaim or right of offset that which the Manager has or may have against the Trustee, the Control Party Trustee or the Securitization Entities, whether in respect of this Agreement, the other Transaction Documents or any Related Document, any document governing any Managed Securitized Asset or otherwise.

Appears in 1 contract

Samples: Management Agreement (Planet Fitness, Inc.)

No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligations, any right of offset that the Manager has or may have against the Trustee, the Control Party Servicer or the Securitization Entities, whether in respect of this Agreement, the other Transaction Documents or any document governing any Managed Asset or otherwise.

Appears in 1 contract

Samples: Management Agreement (Dine Brands Global, Inc.)

No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligationsany defense, any counterclaim or right of offset that which the Manager has or may have against the Trustee, the Control Party Trustee or the Securitization Entities, whether in respect of this Agreement, the other Transaction Documents or any Related Document, any document governing any Managed Asset or otherwise.

Appears in 1 contract

Samples: Management Agreement (Dunkin' Brands Group, Inc.)

No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligations, any right of offset that the Manager has or may have against the Trustee, the Control Party Controlling Class Representative or the Securitization EntitiesIssuer, whether in respect of this Agreement, the other Transaction Documents or any document governing any Managed Asset or otherwise.

Appears in 1 contract

Samples: Management Agreement (Fat Brands, Inc)

No Offset. The payment obligations of the Manager under this Agreement shall not be subject to, and the Manager hereby waives, in connection with the performance of such obligationsany defense, any counterclaim or right of offset that which the Manager has or may have against the Trustee, the Control Party or the Securitization Entities, whether in respect of this Agreement, the any other Transaction Documents or Related Document, any document governing any Managed Securitized Asset or otherwise.

Appears in 1 contract

Samples: Management Agreement (Iconix Brand Group, Inc.)

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