No Right of Off-Set. Neither Owner nor Manager has any right, claim or defense of “offset” against the other. Manager may pay all fees and other amounts due Manager out of the Operating Account or, if the Operating Account does not have sufficient funds, Owner will pay all fees and amounts due Manager regardless of any claims or defenses that Owner may have or assert against Manager or its Affiliates.
Appears in 4 contracts
Samples: Management Agreement, Management Agreement (Capital Lodging), Management Agreement (Capital Lodging)
