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Common use of No Reduction Clause in Contracts

No Reduction. The Guarantee shall not be subject to any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, except as provided in Section 1.10.

Appears in 9 contracts

Samples: Parent Agreement (Equistar Chemicals Lp), Parent Agreement (Millennium Chemicals Inc), Parent Agreement (Occidental Petroleum Corp /De/)

No Reduction. The No Guarantee shall not be subject to ------------ any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, except as provided in Section 1.108.11.

Appears in 1 contract

Samples: Master Transaction Agreement (Lyondell Chemical Co)

No Reduction. The No Guarantee shall not be subject to any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, except as provided in Section 1.108.11.

Appears in 1 contract

Samples: Master Transaction Agreement (Lyondell Chemical Co)

No Reduction. The Guarantee shall not be subject to any reduction, limitation, impairment or termination for any reason, including, without limitation, any claim of waiver, release, surrender, alteration or compromise, and shall not be subject to any defense or set-off, counterclaim, recoupment or termination whatsoever, except as provided in Section 1.10.

Appears in 1 contract

Samples: Guarantee Agreement (Scottsdale Technologies Inc)