No Refunds; Offsets Clause Samples

The "No Refunds; Offsets" clause establishes that payments made under the agreement are non-refundable and that parties cannot offset amounts owed with other claims or credits. In practice, this means that once a party pays for goods or services, they cannot later demand a return of those funds or reduce future payments by asserting unrelated claims or deductions. This clause ensures financial certainty and prevents disputes over payment reversals or deductions, thereby protecting the receiving party’s right to retain payments as agreed.
No Refunds; Offsets. Except as expressly set forth under this Agreement, (a) all payments under this Agreement will be irrevocable, non-refundable, and non-creditable, and (b) neither Party will have the right to offset, set off, or deduct any amounts from or against the amounts due to the other Party hereunder.
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No Refunds; Offsets. Except as expressly set forth under this Agreement, all payments under this Agreement will be irrevocable, non-refundable, and non-creditable. Licensee will have no right to offset, set off, or deduct any amounts from or against the amounts due to Licensor hereunder.
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No Refunds; Offsets. Except as expressly set forth under this Agreement, all payments under this Agreement will be irrevocable, non-refundable, and non-creditable.
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No Refunds; Offsets. Except as expressly set forth under this Agreement, all payments under this Agreement will be irrevocable, non-refundable, and non-creditable, and Inmagene will have no right to offset, set off, or deduct any amounts from or against the amounts due to Hutchison hereunder.
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No Refunds; Offsets. Except as otherwise provided under this Agreement, all payments under this Agreement will be irrevocable, non-refundable, and non-creditable. Except as otherwise provided herein, GEHC will have no right to offset, set off, or deduct any amounts from or against the amounts due to LMI under this Agreement or pursuant to any other commercial arrangement between the Parties.
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Related to No Refunds; Offsets

  • No Refunds In the event of the termination of this Agreement in accordance with any of the provisions of Sections 14.2 through 14.4 above, no portion of any payments of any kind whatsoever previously provided to SCEA hereunder shall be owed or be repayable to Publisher.

  • No Refund In the event that a validity or non-infringement challenge of a Licensed Patent brought by ***** is successful, ***** will have no right to recoup any royalties paid before or during the period challenge.

  • Refunds and Overpayments A. At its sole discretion, the System Agency may (i) withhold all or part of any payments to Grantee to offset overpayments, unallowable or ineligible costs made to the Grantee, or if any required financial status report(s) is not submitted by the due date(s); or (ii) require Grantee to promptly refund or credit - within thirty (30) calendar days of written notice – to System Agency any funds erroneously paid by System Agency which are not expressly authorized under the Grant Agreement.

  • No Reinstatement The Executive agrees that he will not apply for reinstatement with the Company or seek in any way to be reinstated, re-employed or hired by the Company in the future.

  • Rebates, Credits and Refunds The HSP: (a) acknowledges that rebates, credits and refunds it anticipates receiving from the use of the Funding have been incorporated in its Budget; (b) agrees that it will advise the Funder if it receives any unanticipated rebates, credits and refunds from the use of the Funding, or from the use of funding received from either the Funder or the Ministry in years prior to this Agreement that was not recorded in the year of the related expenditure; and (c) agrees that all rebates, credits and refunds referred to in (b) will be considered Funding in the year that the rebates, credits and refunds are received, regardless of the year to which the rebates, credits and refunds relate.