Common use of No Right to Set-Off Clause in Contracts

No Right to Set-Off. Spinco shall pay the full amount of Service Charges and shall not set-off, counterclaim or otherwise withhold any amount owed to GGP under this Agreement on account of any obligation owed by GGP to Spinco that has not been finally adjudicated, settled or otherwise agreed upon by the Parties in writing.

Appears in 8 contracts

Samples: Separation Agreement (Rouse Properties, Inc.), Transition Services Agreement (Rouse Properties, Inc.), Transition Services Agreement (Rouse Properties, Inc.)

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No Right to Set-Off. Spinco shall pay the in full amount of Service Charges all amounts required pursuant to Section 2.01 hereof and shall not set-set off, counterclaim or otherwise withhold any amount owed to any member of the GGP Group under this Agreement on account of any obligation owed by members of the GGP Group to members of the Spinco Group that has have not been finally adjudicated, settled or otherwise agreed upon by the Parties in writing.

Appears in 1 contract

Samples: Surety Bond Indemnity Agreement (Howard Hughes Corp)

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No Right to Set-Off. Spinco GGP shall pay the full amount of Service Charges and shall not set-off, counterclaim or otherwise withhold any amount owed to GGP Spinco under this Agreement on account of any obligation owed by Spinco to GGP to Spinco that has not been finally adjudicated, settled or otherwise agreed upon by the Parties in writing.

Appears in 1 contract

Samples: Reverse Transition Services Agreement (Howard Hughes Corp)

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