Common use of No Right of Set-Off Clause in Contracts

No Right of Set-Off. Nation acknowledges that a fundamental principle of this Agreement is that it pay the Work Program Expenses under this Agreement as and when required. Accordingly, Nation waives any right to raise by way of set off or to invoke as a defence any claim it may have against Paltar, whether under this Agreement or otherwise, so as to reduce or avoid its obligation timely to contribute required Work Program Expenses.

No Right of Set-Off. Nation acknowledges that a fundamental principle of this Agreement is that it pay the Work Program Expenses under this Agreement as and when required. Accordingly, Nation waives any right to raise by way of set off or to invoke as a defence any claim it may have against PaltarOfficer, whether under this Agreement or otherwise, so as to reduce or avoid its obligation timely to contribute required Work Program Expenses.