SET OFF OR COUNTERCLAIM. The obligation of the Borrower to make all payments under this Agreement will be absolute and unconditional and will not be affected by any circumstance, including, without limitation, any set-off, compensation, counterclaim, recoupment, defense, or other right which the Borrower may have against the Lender, or anyone else for any reason whatsoever and any insolvency, bankruptcy, reorganization, or similar proceedings by or against the Borrower.
Appears in 4 contracts
Samples: Loan Agreement (Hybrid Technologies Inc.), Loan Agreement (Li-Ion Motors Corp.), Loan Agreement (Li-on Motors Corp.)
