Common use of No Right of Setoff Clause in Contracts

No Right of Setoff. The Service Recipient will have no right to set off, discount, or otherwise reduce or refuse to pay any Service Fees due to the Service Provider, whether because of: alleged payments, damages or liabilities owed by the Service Provider to the Service Recipient; alleged or actual claims against the Service Provider; or any other financial obligation of the Service Provider to the Service Recipient in each case, whether under this Agreement or otherwise.

Appears in 5 contracts

Samples: Transition Services Agreement, Share Purchase Agreement (ADT Inc.), Transition Services Agreement (ADT Corp)

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No Right of Setoff. The Service Recipient will have no right to set off, discount, discount or otherwise reduce or refuse to pay any Service Fees due to the Service Provider, whether because of: alleged payments, damages or liabilities owed by the Service Provider to the Service Recipient; alleged or actual claims against the Service Provider; or any other financial obligation of the Service Provider to the Service Recipient Recipient, in each case, whether under the Separation Agreement, this Agreement, the Transaction Agreement or otherwise.

Appears in 2 contracts

Samples: Transition Services Agreement (PJT Partners Inc.), Transition Services Agreement (PJT Partners Inc.)

No Right of Setoff. The Service Recipient will have no right to set off, discount, or otherwise reduce or refuse to pay any Service Fees due to the Service Provider, whether because of: alleged payments, damages or liabilities owed by the Service Provider to the Service Recipient; alleged or actual claims against the EXHIBIT 10.2 Service Provider; or any other financial obligation of the Service Provider to the Service Recipient in each case, whether under this Agreement or otherwise.

Appears in 1 contract

Samples: Transition Services Agreement (1347 Property Insurance Holdings, Inc.)

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No Right of Setoff. The No Service Recipient will have no any right to set off, discount, discount or otherwise reduce or refuse to pay any Service Fees due to the Service Provider, whether because of: alleged payments, damages or liabilities except to the extent of any amounts owed by the Service Provider to the Service Recipient; alleged or actual claims against the Service Provider; or any other financial obligation of the Service Provider to the such Service Recipient in each case, whether under to this Agreement or otherwiseAgreement.

Appears in 1 contract

Samples: Transition Services Agreement (Tyco Flow Control International Ltd.)

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