Common use of Recoupment and Setoff Clause in Contracts

Recoupment and Setoff. Any right to recoup from or offset against any of the Guaranteed Obligations any claim that may be held or asserted by or available to (i) the Borrower or any other Guarantor or any other Person liable for any of the Guaranteed Obligations against any Holder of Guaranteed Obligations or (ii) any Guarantor against the Borrower, any other Guarantor, any other Holder of Guaranteed Obligations or any other Person; and

Appears in 3 contracts

Samples: D&f Industries Inc, Liberty Group Publishing Inc, Liberty Group Operating Inc

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Recoupment and Setoff. Any right to recoup from or offset against any of the Guaranteed Obligations any claim that may be held or asserted by or available to (i) the Borrower or Starwood REIT or any other Guarantor or any other Person liable for any of the Guaranteed Obligations against any Holder holder of Guaranteed Obligations or (ii) any Guarantor against the Borrower, Starwood REIT, any other Guarantor, any other Holder holder of Guaranteed Obligations or any other Person; and

Appears in 2 contracts

Samples: Senior Secured Note Agreement (Starwood Hotel & Resorts Worldwide Inc), Senior Secured Note Agreement (Starwood Hotels & Resorts)

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Recoupment and Setoff. Any right to recoup from or offset against any of the Guaranteed Obligations any claim that may be held or asserted by or available to (i) the Borrower or any other Guarantor or any other Person liable for any of the Guaranteed Obligations against any Holder of Guaranteed Obligations Beneficiary or (ii) any the Guarantor against the Borrower, any other Guarantor, any other Holder of Guaranteed Obligations Beneficiary or any other Person; and

Appears in 1 contract

Samples: Credit Agreement (Usi Holdings Corp)

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