Common use of No Collateral or Setoff Clause in Contracts

No Collateral or Setoff. Notwithstanding any provision of the Agreement or any other agreement between the parties to the contrary, the obligations of Counterparty hereunder are not secured by any collateral. Each party waives any and all rights it may have to set off obligations arising under the Agreement and the Transaction against other obligations between the parties, whether arising under any other agreement, applicable law or otherwise.

Appears in 8 contracts

Samples: Letter Agreement (Gilead Sciences Inc), Gilead Sciences Inc, Gilead Sciences Inc

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No Collateral or Setoff. Notwithstanding any provision of the Agreement or any other agreement between the parties to the contrary, the no obligations of Counterparty either party hereunder are not secured by any collateral. Each party waives any and all rights it may have to set off obligations arising under the Agreement and the Transaction against other obligations between the parties, whether arising under any other agreement, applicable law or otherwise.

Appears in 7 contracts

Samples: Letter Agreement (Uniti Group Inc.), Itron, Inc., Purchase Agreement (I3 Verticals, Inc.)

No Collateral or Setoff. Notwithstanding any provision of the Agreement or any other agreement between the parties to the contrary, the obligations of Counterparty each party hereunder are not secured by any collateral. Each Neither party waives shall have the right to set off any and all rights obligations that it may have to set off obligations arising the other party under the Agreement and the Transaction against any obligations such other obligations between the partiesparty may have to it, whether arising under the Agreement, this Confirmation or any other agreementagreement between the parties hereto, applicable by operation of law or otherwise. The provisions of Section 2(c) of the Agreement shall not apply to the Transaction.

Appears in 6 contracts

Samples: Horizon Global Corp, Horizon Global Corp, Horizon Global Corp

No Collateral or Setoff. Notwithstanding any provision of the Agreement or any other agreement between the parties to the contrary, the obligations of Counterparty hereunder are not secured by any collateral. Each party waives any and all rights it may have to Obligations in respect of this Transaction shall not be set off obligations arising under the Agreement and the Transaction against any other obligations between of the parties, whether arising under the Agreement, under any other agreementagreement between the parties hereto, applicable by operation of law or otherwise, and no other obligations of the parties shall be set off against obligations in respect of this Transaction, whether arising under the Agreement, under any other agreement between the parties hereto, by operation of law or otherwise, and each party hereby waives any such right of setoff.

Appears in 1 contract

Samples: Terms Agreement (CareTrust REIT, Inc.)

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No Collateral or Setoff. Notwithstanding any provision of the Agreement or any other agreement between the parties to the contrary, the obligations of Counterparty the parties hereunder are not secured by any collateral. Each party waives any and all rights it may have to set off obligations arising Obligations under the Agreement and the Transaction shall not be set off by either party against any other obligations between of the partiesother party or that other party’s affiliate, whether arising under the Agreement, under any other agreement, applicable agreement between the parties hereto by operation of law or otherwise.

Appears in 1 contract

Samples: International Business Machines Corp

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