Common use of Xxxxxx, P Clause in Contracts

Xxxxxx, P. E., Xxxxx X. XxXxxxxx, P.E., and Xxxxx X. Xxxxxxx, P.E. The Makers shall be entitled to exercise such right of set-off against the next payment or payments required hereunder as opposed to against the last payment or payments due under this Note. The exercise of such right of set-off by the Makers in good faith, whether or not ultimately determined to be justified, will not constitute an Event of Default (as hereinafter defined) under this Note. Neither the exercise of nor the failure to exercise such right of set-off will constitute an election of remedies in any manner in the enforcement of any other remedies that may be available to it.