NO SET-OFF definition

NO SET-OFF. Section 6(e) is amended by deleting the last sentence of the first paragraph.
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NO SET-OFF. Subject to the terms of the relevant Intercompany Loan Confirmation, all payments required to be made by Funding under an Intercompany Loan Agreement shall be calculated without reference to any set-off or counterclaim and shall be made free and clear of, and without any deduction for or on account of, any set-off or counterclaim.
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NO SET-OFF. Reinstatement: Subrogation. The Guarantor waives notice of the acceptance of this Guarantee and of the performance or nonperformance by the Lessee, demand for payment from the Lessee or any other Person, notice of nonpayment or failure to perform on the part of the Lessee, diligence, presentment, protest, dishonor and, to the fullest extent permitted by law, all other demands or notices whatsoever, other than the request for payment hereunder and notice provided for in Section 1 hereof. The obligations of the Guarantor shall be absolute and unconditional and shall remain in full force and effect until satisfaction of all Obligations hereunder and, without limiting the generality of the foregoing, to the extent not prohibited by applicable law, shall not be released, discharged or otherwise affected by the existence of any claims, set-off, defense or other rights that the Guarantor may have at any time and from time to time against any Party, whether in connection herewith or any unrelated transactions. This Guarantee shall continue to be effective or be reinstated, as the case may be, if at any time any payment of any Financial Obligation is rescinded or must otherwise be returned by any Party upon the insolvency, bankruptcy, reorganization, arrangement, readjustment of debt, dissolution, liquidation or similar proceeding with respect to the Lessee or otherwise, all as though such payment had not been made. The Guarantor, by virtue of any payment or performance hereunder to a Party, shall be subrogated to such Party's claim against the Lessee or any other Person relating thereto; provided, however, that the Guarantor shall not be entitled to receive payment from the Lessee in respect of any claim against the Lessee arising from a payment by the Guarantor:
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Examples of NO SET-OFF in a sentence

  • NET LEASE, NO SET-OFF, COUNTERCLAIM, ETC................................................52 SECTION 19.

  • NO SET-OFF ------------------------- The Company agrees that if ▇▇▇▇▇▇▇'▇ employment with the Company is terminated (including, without limitation, as provided in Section 4.1(c) hereof) prior to the Employment Expiration Date for any reason whatsoever, ▇▇▇▇▇▇▇ is not required to seek other employment or to attempt in any way to reduce any amounts payable to ▇▇▇▇▇▇▇ by the Company pursuant to this Agreement.

  • NO SET-OFF In the event of any termination of this Agreement by either the Company or the Executive for any reason, the Executive shall not be required to seek comparable employment so as to minimize any obligation of the Company to compensate the Executive for any damages that he may suffer by reason of such termination or for any severance or other payment.

  • NO SETOFF All payments (including prepayments) to be made by the Company or CBay hereunder, whether on account of principal, interest, premium or otherwise, shall be made without any setoff or counterclaim.

  • NO SET-OFF.......................................................

  • The Secretariat may establish several sub-committees to carry out the purposes of this Consortium.

  • NO SET-OFF .............................................................................102 SECTION 10.19.

  • NO SET-OFF....................................................................................

  • NO SETOFF: The Makers covenant and agree that it will not exercise any right which it might otherwise have at common law, or otherwise, to setoff amounts due and owing to such Makers hereunder against amounts which are or may be due and owing to any one or more of the Makers by the Payee.

  • NO SET-OFF..........................................................................................................


More Definitions of NO SET-OFF

NO SET-OFF the Chargors has not subjected and will not subject the Charged Property, or any part thereof, to any defence, set-off or counterclaim;
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