No Setoff, etc. Securities Intermediary shall not exercise on its own behalf any claim, right of set-off, banker’s lien, clearing lien, counterclaim or similar right against any of the Collateral; provided that Securities Intermediary may deduct, from any credit balances, any usual and ordinary transaction and administration fees payable in connection with the administration and operation of the Reserve Account. Except for claims for deductions permitted in the preceding sentence, Securities Intermediary agrees that any security interest it may have in the Reserve Account or any security entitlement carried therein shall be subordinate and junior to the interest of Secured Party.
No Setoff, etc. The obligations of the Company to pay the principal balance and interest due to the Holder shall be absolute and unconditional and the Company shall make such payment without abatement, diminution or deduction regardless of any cause or circumstances whatsoever including, without limitation, any defense, setoff, recoupment, or counterclaim which the Company may have or assert against the Holder or any other person.
No Setoff, etc. Neither the Authority nor the PSL Agent will be liable for, and the Licensee will not assert any deduction, setoff, or claim of any nature against the Authority or the PSL Agent for, any act or omission of or any breach or default by any Stadium Party or concessionaire.
No Setoff, etc. There are no setoffs, counterclaims or defenses with respect to the Collateral and no agreement, oral or written, has been made with any other person or party under which any deduction or discount may be claimed with respect to such Collateral and Pledgor does not know of any fact which would prohibit or prevent Pledgor assigning or granting a security interest in the Collateral.
No Setoff, etc. All payments made by Borrower under this Agreement and the other Loan Documents shall be made without any setoff, deduction, or counterclaim.
No Setoff, etc. The obligations of each Guarantor hereunder are not subject to any defense or setoff, counterclaim, recoupment, or termination whatsoever by reason of the invalidity, illegality, or unenforceability of any of the Guaranteed Obligations or otherwise, or any provision of applicable law or regulation purporting to prohibit payment by any Obligated Party, of the Guaranteed Obligations or any part thereof.
No Setoff, etc. Financial Institution shall not exercise on its own behalf any claim, right of set-off, banker’s lien, clearing lien, counterclaim or similar right against any of the Collateral; provided that Financial Institution may deduct, from any credit balances, any usual and ordinary transaction and administration fees payable in connection with the administration and operation of the Collateral Accounts. Except for claims for deductions permitted in the preceding sentence, Financial Institution agrees that any security interest it may have in the Collateral Accounts or any security entitlement carried therein shall be subordinate and junior to the interest of Intercreditor Agent.
No Setoff, etc. The obligations of the Borrower to pay the Principal Amount to the Holder shall be absolute and unconditional and the Borrower shall make such payment without abatement, diminution or deduction regardless of any cause or circumstances whatsoever including, without limitation, any defense, setoff, recoupment, or counterclaim which the Borrower may have or assert against the Holder or any other person.
No Setoff, etc. No set off, counterclaim, reduction or diminution of an obligation, or any defense of any kind or nature which the Guarantor has or may have against the Issuer, the Trustee or any Bondowner shall be available hereunder to the Guarantor against the Issuer, the Trustee or any Bondowner. Section 3.06
No Setoff, etc. All payments made by the Consignees hereunder or under any of the other Consignment Documents shall be made in Dollars in immediately available funds (except as otherwise provided with respect to Redeliveries of Precious Metal or Eligible Specified Gold Jewelry) at the Agent's office at 1 West Mezzanine, 10 Xxxxxxxxxxx Xxxxxx, Xxxxxxxxxx, Xxxxx Xxxxxx 00000, without set-off or counterclaim and without any withholding or deduction whatsoever (unless the Consignees are compelled to make such withholding or deduction pursuant to any law). If any such obligation is imposed upon any of the Consignees with respect to any amount payable by it hereunder or under any of the other Consignment Documents, the Consignees will, except as provided in ss.5.3, pay to the Agent, for the account of the Institutions or (as the case may be) the Agent, on the date on which such amount is due and payable hereunder or under such other Consignment Document, such additional amount in Dollars as shall be necessary to enable the Institutions or the Agent to receive the same net amount which the Institutions or the Agent would have received on such due date had no such obligation been imposed upon the Borrower. The Borrower will deliver promptly to the Agent certificates or other valid vouchers for all taxes or other charges deducted from or paid with respect to payments made by the Borrower hereunder or under such other Loan Document. The Agent shall be entitled to charge any account of any Consignee with the Agent for any sum due and payable by any Consignee to the Agent or any Institution hereunder or under any of the other Consignment Documents. Except as otherwise expressly set forth herein, if any payment hereunder is required to be made on a day which is not a Business Day, it shall be paid on the immediately succeeding Business Day, with interest and any applicable fees adjusted accordingly. All computations of interest or of the commitment fee payable hereunder shall be made by the Agent on the basis of actual days elapsed and on a 360-day year.
