No Right of Offset. Each Purchaser hereby expressly waives any right of offset it may have against the Company or any of its Subsidiaries.
No Right of Offset. All rent and other charges must be paid by Resident in accordance with this Lease Agreement specifically including but not limited to the first and last installment of rent due. No payments may be withheld by Resident on the grounds that the security deposit serves to offset Resident’s obligation to pay rent or any other charges described herein to Landlord. Resident shall not have the right to offset, withhold, or xxxxx any payments due Landlord for any claim Resident may have or claim to have against Landlord.
No Right of Offset. The amount of any payment or benefit provided for in this Agreement shall not be reduced by any compensation earned by the Executive as a result of employment by another employer, by retirement benefits (except as otherwise set forth in this Agreement), by offset against any amount owed or claimed to be owed by the Executive to the Company, or otherwise.
No Right of Offset. Purchaser shall have no right to set off or retain any amounts otherwise payable to Seller under Articles 3 or 4 of this Agreement, including any amounts payable to satisfy any indemnification claims Purchaser may have hereunder.
No Right of Offset. Effective upon the occurrence of a Change in Control, the Company waives, and will not assert, any right to set off the amount of any claims, liabilities, damages or losses the Company may have against any amounts payable by the Company to the Executive whether under this Agreement or otherwise.
No Right of Offset. Manager shall not offset against any amounts owed to Owner; provided, however, Manager may offset amounts which Owner has failed to fund in violation of Section 5.2(c) (or, so long as PR Property is a Pooled FF&E Hotel, the landlord under the PR Lease has failed to fund in violation of Section 5.1.3(b) of the PR Lease) against the amounts owed to Owner hereunder provided that after giving effect to all such offsets there shall still be paid to Owner an amount sufficient to pay regularly scheduled payments of interest and principal under any loan or other debt secured by an Authorized Mortgage and attributable to the Pledged Hotels.
No Right of Offset. The Clearing Bank waives any right to offset any claim against the Authority which it might have against any account maintained hereunder; provided, however, that the Clearing Bank retains the right to (a) charge the Operating Account for any of the Clearing Bank's fees provided for herein for which the Authority is responsible as provided above and (b) charge the Operating Account for all items deposited in and credited to the Operating Account and subsequently returned unpaid or with respect to which the Clearing Bank fails to receive final settlement.
No Right of Offset. Neither KEM nor any other KEM Indemnitee shall have any right-of-off set, including, but not limited to, under this Section 15, against any amounts that may now or hereafter be owed to CIL&D (or its successors and assigns) by Buyer, KEM, KEM’s Affiliates and any other party guarantying of securing any such amounts including, but not limited to, the $4.25 Million Note and the $19 Million Note, as defined in the PA.
No Right of Offset. The Holder, if a depository institution, waives any applicable right of offset by it as a lender.
No Right of Offset. Each of the Parties hereby acknowledges that it shall have no right under this Agreement to offset any amounts owed (or to become due or owing) to the other Party, whether under this Agreement, the Contribution and Distribution Agreement, the Merger Agreement or otherwise, against any other amount owed (or to become due or owing) to it by the other Party.
