Common use of No Collateral or Setoff Clause in Contracts

No Collateral or Setoff. Neither party shall have the right to set off any obligation that it may have to the other party under the Transaction against any obligation such other party may have to it, whether arising under the Agreement, this Confirmation or any other agreement between the parties hereto, by operation of law or otherwise.

Appears in 20 contracts

Samples: Sarepta Therapeutics, Inc., Sarepta Therapeutics, Inc., Sarepta Therapeutics, Inc.

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No Collateral or Setoff. Neither party shall have the right to set off any obligation that it may have to the other party under the this Transaction against any obligation such other party may have to it, whether arising under the Agreement, this Confirmation or any other agreement between the parties hereto, by operation of law or otherwise.

Appears in 4 contracts

Samples: Avis Budget Group, Inc., Avis Budget Group, Inc., Avis Budget Group, Inc.

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No Collateral or Setoff. Neither party shall have the right to set off any obligation that it may have to the other party under the Transaction against any obligation such other party may have to it, whether arising under the Agreement, this Confirmation or any other agreement between the parties hereto, by operation of law or otherwise. For the avoidance of doubt, the parties acknowledge that the obligations of neither Counterparty nor Dealer under this Confirmation are secured by any collateral that would otherwise secure the obligations of Counterparty or Dealer herein under or pursuant to any other agreement.

Appears in 1 contract

Samples: Palo Alto Networks Inc

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