Common use of No Setoff Rights Clause in Contracts

No Setoff Rights. Neither party hereto shall have any right of setoff of any amounts due and payable, or any Losses arising, under this Agreement against any other amounts due and payable under this Agreement or any amounts due and payable, or any Losses arising, under any Ancillary Agreement or any other agreement between Seller and Purchaser or any of their respective Affiliates. The payment obligations under each of this Agreement, the Ancillary Agreements and such other agreements remain independent obligations of each party, irrespective of any amounts owed to any other party under this Agreement, the Ancillary Agreements or such other agreements.

Appears in 2 contracts

Samples: Asset Purchase Agreement (Erytech Pharma S.A.), Asset Purchase Agreement (Acorda Therapeutics Inc)

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No Setoff Rights. Neither party hereto Party shall have any right of setoff of any amounts due and payable, or any Losses Liabilities arising, under this Agreement against any other amounts due and payable under this Agreement or any amounts due and payable, or any Losses Liabilities arising, under any Ancillary Agreement or any other agreement between Seller and Purchaser or any of their respective AffiliatesAgreement. The payment obligations under each of this Agreement, Agreement and the Ancillary Agreements and such other agreements remain independent obligations of each partyParty, irrespective of any amounts owed to any other party Party under this Agreement, Agreement or the respective Ancillary Agreements or such other agreementsAgreements.

Appears in 1 contract

Samples: Asset Purchase Agreement (Harrow Health, Inc.)

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No Setoff Rights. Neither party hereto Party shall have any right of setoff of any amounts due and payable, or any Losses Liabilities arising, under this Agreement against any other amounts due and payable under this Agreement or any amounts due and payable, or any Losses Liabilities arising, under any Ancillary Agreement or any other agreement between Seller and Purchaser or any of their respective AffiliatesAgreement. The payment obligations under each of this Agreement, Agreement and the Ancillary Agreements and such other agreements remain independent obligations of each partyParty, irrespective of any amounts owed to any other party Party under this Agreement, Agreement or the respective Ancillary Agreements or such other agreementsAgreements.

Appears in 1 contract

Samples: Asset Purchase Agreement (Horizon Pharma PLC)

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