Common use of No Right of Setoff Clause in Contracts

No Right of Setoff. The Servicer hereby waives any and all rights it may otherwise have (whether by contract or operation of Law or otherwise) to any setoff, offset, counterclaim or deduction (or to assert any claim for any setoff, offset counterclaim or deduction) against the Asset Proceeds (or the Company).

Appears in 6 contracts

Samples: Servicing Agreement, Servicing Agreement, Servicing Agreement

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No Right of Setoff. The Servicer hereby waives any and all rights it may otherwise have (whether by contract or operation of Law or otherwise) to any setoff, offset, counterclaim or deduction (or to assert any claim for any setoff, offset counterclaim or deduction) against the Asset Proceeds (or the Company)Loan Proceeds.

Appears in 5 contracts

Samples: Servicing Agreement, Servicing Agreement, Servicing Agreement

No Right of Setoff. The Servicer hereby waives any and all rights it may otherwise have (whether by contract or operation of Law or otherwise) to any setoff, offset, counterclaim or deduction (or to assert any claim for any setoff, offset counterclaim or deduction) against the Asset Loan Proceeds (or the Company).

Appears in 5 contracts

Samples: Servicing Agreement, Servicing Agreement, Servicing Agreement

No Right of Setoff. The Servicer hereby waives any and all rights it may otherwise have (whether by contract or operation of Law or otherwise) to any setoff, offset, counterclaim or deduction (or to assert any claim for any setoff, offset counterclaim or deduction) against the Asset Loan Proceeds (or the Company).Company).β€Œ

Appears in 1 contract

Samples: Servicing Agreement

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No Right of Setoff. The Servicer hereby waives any and all rights it may otherwise have (whether by contract or operation of Law or otherwise) to any setoff, offset, counterclaim or deduction (or to assert any claim for any setoff, offset counterclaim or deduction) against the Asset Mortgage Loan Proceeds (or the Company).

Appears in 1 contract

Samples: Servicing Agreement

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