Common use of Escrow; Right of Set-Off Clause in Contracts

Escrow; Right of Set-Off. Buyer may give notice of a Claim and exercise a right of set-off with respect thereto in the manner provided in the Escrow Agreement. Subject to the limitation of liability and remedies set forth in Section 10.5, neither the exercise of nor the failure to exercise such right of set-off or to give a notice of a Claim under the Escrow Agreement will constitute an election of remedies or limit Buyer in any manner in the enforcement of any other remedies that may be available to it.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Foster L B Co), Stock Purchase Agreement (Foster L B Co)

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Escrow; Right of Set-Off. Upon notice to Sellers specifying in reasonable detail the basis for such set-off, Buyer may give notice of a Claim and exercise a right of set-off with respect thereto in the manner provided in such amount under the Escrow Agreement. Subject to the limitation of liability and remedies set forth in Section 10.5, neither Neither the exercise of nor the failure to exercise such right of set-off or to give a notice of a Claim under the Escrow Agreement will constitute an election of remedies or limit Buyer in any manner in the enforcement of any other remedies that may be available to it.

Appears in 2 contracts

Samples: Stock Purchase Agreement (Infocure Corp), Stock Purchase Agreement (Harmonic Lightwaves Inc)

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