Common use of Method of Payment and set off Clause in Contracts

Method of Payment and set off. 29.1. Without prejudice to clause 29.2, any payment to the Buyer or the Seller Parties pursuant to this agreement shall be made in full, without any set offs counterclaim, restriction or condition and without any deduction or withholding save as may be required by law or as otherwise agreed in writing by the Seller Parent and the Buyer, in which event, the payor shall pay such additional amounts as will result in the payee receiving a net amount equal to the full amount which would otherwise have been receivable had no such deduction or withholding been required.

Appears in 4 contracts

Samples: Asset Purchase Agreement (Noble Corp), Asset Purchase Agreement (Noble Finance Co), Asset Purchase Agreement (Noble Corp)

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