No Right of Setoff; Release of Claims Sample Clauses

No Right of Setoff; Release of Claims. Borrower acknowledges that as of the date of this First Amendment, Borrower has no right to setoff any amount against the amounts owed by Borrower to Lender. In consideration of this First Amendment, each Obligor further releases Lender from any and all claims arising on or prior to the date of this First Amendment, known or unknown, in connection with the Agreement, the Loans, the Revolving Note, and/or the Loan Documents.
Sample 1Sample 2
AutoNDA by SimpleDocs
No Right of Setoff; Release of Claims. Borrower acknowledges that as of the date of this Second Amendment, Borrower has no right to setoff any amount against the amounts owed by Borrower to Lender. In consideration of this Second Amendment, each Obligor further releases Lender from any and all claims arising on or prior to the date of this Second Amendment, known or unknown, in connection with the Agreement, the Loans, the Revolving Note, and/or the Loan Documents. 2nd Amendment 3 Xxxxxxx Xxxxxxx Bank
Sample 1Sample 2
No Right of Setoff; Release of Claims. Borrower acknowledges that as of the date of this Third Amendment, Borrower has no right to setoff any amount against the amounts owed by Borrower to Lender. In consideration of this Third Amendment, each Obligor further releases Lender from any and all claims arising on or prior to the date of this Third Amendment, known or unknown, in connection with the Agreement, the Loans, the Revolving Note, and/or the Loan Documents. 3rd Amendment Xxxxxxx Xxxxxxx Bank
Sample 1
No Right of Setoff; Release of Claims. Borrower acknowledges that as of the date of this Fourth Amendment, Borrower has no right to setoff any amount against the amounts owed by Borrower to Lender. In consideration of this Fourth Amendment, each Obligor further releases Lender from any and all claims arising on or prior to the date of this Fourth Amendment, known or unknown, in connection with the Agreement, the Loans, the Revolving Note, and/or the Loan Documents. 6.
Sample 1

Related to No Right of Setoff; Release of Claims

  • No Right of Setoff Neither party hereto nor any affiliate thereof may deduct from, set off, holdback or otherwise reduce in any manner whatsoever against any amounts such Persons may owe to the other party hereto or any of it affiliates any amounts owed by such other party or its affiliates to the first party or its affiliates.

  • No Right of Set-Off The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

  • Right of Setoff If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have.

  • Waiver of Setoff Each of the parties hereto hereby waives any right of setoff it may have or to which it may be entitled under this Agreement from time to time against any Lender or its assets.

  • Right of Set-off Upon (i) the occurrence and during the continuance of any Event of Default and (ii) the making of the request or the granting of the consent specified by Section 6.01 to authorize the Agent to declare the Notes due and payable pursuant to the provisions of Section 6.01, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or such Affiliate to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement and the Note held by such Lender, whether or not such Lender shall have made any demand under this Agreement or such Note and although such obligations may be unmatured. Each Lender agrees promptly to notify the Borrower after any such set-off and application, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) that such Lender and its Affiliates may have.

  • Waiver of Right of Set-Off The Custodian hereby waives and relinquishes all contractual and common law rights of set-off to which it may now or hereafter be or become entitled with respect to any obligations of the Funds to the Custodian arising under this Agreement.

  • Benefit of Setoff The Borrower agrees that each Participant shall be deemed to have the right of setoff provided in Section 11.1 in respect of its participating interest in amounts owing under the Loan Documents to the same extent as if the amount of its participating interest were owing directly to it as a Lender under the Loan Documents, provided that each Lender shall retain the right of setoff provided in Section 11.1 with respect to the amount of participating interests sold to each Participant. The Lenders agree to share with each Participant, and each Participant, by exercising the right of setoff provided in Section 11.1, agrees to share with each Lender, any amount received pursuant to the exercise of its right of setoff, such amounts to be shared in accordance with Section 11.2 as if each Participant were a Lender.

  • No Right of Offset Each Purchaser hereby expressly waives any right of offset it may have against the Company or any of its Subsidiaries.

  • Waiver of Setoffs The Indenture Trustee hereby expressly waives any and all rights of setoff that the Indenture Trustee may otherwise at any time have under applicable law with respect to any Trust Account and agrees that amounts in the Trust Accounts shall at all times be held and applied solely in accordance with the provisions hereof and of the other Basic Documents.

  • No Right to Set-Off The Company shall not be entitled to set off against amounts payable to the Executive hereunder any amounts earned by the Executive in other employment, or otherwise, after termination of his employment with the Company, or any amounts which might have been earned by the Executive in other employment had he sought such other employment.

Time is Money Join Law Insider Premium to draft better contracts faster.