No-Offset Agreement definition

No-Offset Agreement means a no offset agreement satisfactory in form and substance to Agent and the Required Banks.
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No-Offset Agreement means an agreement between an Obligor and the Administrative Agent pursuant to which such Obligor agrees not to offset any claim it may have against Receivables owed by such Obligor to any Bergen Entity, such agreement to be in form and substance satisfactory to the Administrative Agent in its sole discretion and subject to satisfaction of the Rating Agency Condition.
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No-Offset Agreement a No-Offset Agreement in form and substance acceptable to Agent between an Account Debtor, any Borrower and Agent. Notes: each Revolver Note or other promissory note executed by a Borrower to evidence any Obligations.
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Examples of No-Offset Agreement in a sentence

  • The No-Offset Agreement, in the form contemplated by the Stock Purchase Agreement, shall have been, or substantially concurrently with the funding of the Loans shall be, executed and delivered by the Seller and shall be in full force and effect.

  • Qualifying Period: the period during which Valero Marketing both (a) remains a party to an effective No-Offset Agreement and (b) maintains a Debt Rating of “BBB-” or higher from S&P and “Baa3” or higher from ▇▇▇▇▇’▇.

Related to No-Offset Agreement

  • Contract or other written agreement means a binding agreement between an educational agency and a third-party, which includes, but is not limited to, an agreement created in electronic form and signed with an electronic or digital signature or a click-wrap agreement that is used with software licenses, downloaded, and/or online applications and transactions for educational technologies and other technologies in which a user must agree to terms and conditions prior to using the product or service.

  • Labor peace agreement means an agreement between a

  • Joint Agreement means a type of Fund Use Agreement between the Consortium and the Fund Council that sets forth an umbrella set of terms and conditions that govern principally the submission and approval of CRP proposals and the transfer and use of funds from the CGIAR Fund for implementation of CRPs.

  • Written agreement means a written agreement made pursuant to section 8. A written agreement may address new jobs, qualified new jobs, full-time jobs, retained jobs, or any combination of new jobs, qualified new jobs, full-time jobs, or retained jobs.

  • Mutual aid agreement means an agreement between the City and a town or other city for the City’s fire department to provide assistance to the fire department of a town or other city.