No Set Off or Recoupment Sample Clauses

No Set Off or Recoupment. The obligations of BJ's to indemnify the ------------------------ TJX Indemnitees as provided for in this Agreement shall be absolute and not subject to any set off or recoupment. Moreover, TJX shall have no obligation to prosecute any claim or right of indemnification from Waban in order to be entitled to indemnification from BJ's pursuant to the terms of this Agreement.
Sample 1
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No Set Off or Recoupment. Subject to the provisions of Section 4.3, the obligation of the County to pay the Installment Payments and Additional Payments hereunder and to perform and observe the other covenants under the Agreement shall be absolute and unconditional, and the County shall pay without abatement, diminution or deduction all such amounts regardless of any cause or circumstance whatsoever, including, without limitation, (a) any damage, destruction or taking by eminent domain of the School Project, any Completion Project or the Mortgaged Property or (b) any defense, set-off, recoupment or counterclaim that the County may have against the Corporation, the Trustee or any Owner.
Sample 1
No Set Off or Recoupment. Subject to the provisions of Section 801, the obligation of the City to pay the principal of (whether at maturity, by acceleration, by call for redemption or otherwise) and the premium, if any, and interest on the Bonds and the Additional Payments under the Trust Agreement and to perform and observe the other covenants set forth in the Trust Agreement shall be absolute and unconditional, and the City shall pay without abatement, diminution or deduction all such amounts regardless of any cause or circumstance whatsoever, including, without limitation (a) any damage, destruction or taking by eminent domain of the 2021 Project, any Additional Project or the Mortgaged Property or (b) any defense, set-off, recoupment or counterclaim that the City may have against the Trustee or any Owner of the Bonds.
Sample 1
No Set Off or Recoupment. Except as may be consented to in writing by Enron, no EOTT Party shall be entitled to, and none of them will, exercise any right of set off or recoupment against (i) the Cash Payment, (ii) any Agreed Payments (except as provided in the Stipulation), (iii) amounts payable under the Note, the Guaranty, the Letter of Credit, the O&S Indemnity or the EOTT Indemnity, (iv) amounts payable as Transition Expenses or Employee Benefits Payments or (v) amounts invoiced on any Interim Invoice or the Final Invoice.
Sample 1

Related to No Set Off or Recoupment

  • No set-off or counterclaim All payments made by an Obligor under the Finance Documents must be calculated and made without (and free and clear of any deduction for) set-off or counterclaim.

  • No Set-Off The Company's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense or other right which the Company may have against the Employee or others.

  • No Set-off or Mitigation Company’s obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any set-off, counterclaim, recoupment, defense or other claim, right or action which Company may have against Executive or others. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement and, except as otherwise provided herein, such amounts shall not be reduced whether or not Executive obtains other employment.

  • Set-off and Recoupment The cash, investment property, security, instrument or other financial assets credited to a Collateral Account will not be subject to deduction, set-off, recoupment, banker’s lien, or other right in favor of a Person other than the Secured Party. However, the Financial Institution may set off (a) the customary fees and expenses for the routine maintenance and operation of the Collateral Account due to the Financial Institution, (b) the face amount of checks credited to the Collateral Account but subsequently returned unpaid due to uncollected or insufficient funds and (c) advances made to settle an investment of funds in the Collateral Account.

  • No Set-Off; No Mitigation Except as provided herein, the Company’s obligation to provide benefits under this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including any set-off, counterclaim, recoupment, defense, or other right the Company may have against Executive or others. In no event shall Executive be obligated to seek other employment or take any other action by way of mitigation of the amounts payable to Executive under any of the provisions of this Agreement, and such amounts shall not be reduced whether or not Executive obtains other employment.

  • No set-off by Obligors All payments to be made by an Obligor under the Finance Documents shall be calculated and be made without (and free and clear of any deduction for) set-off or counterclaim.

  • No Setoff No Seller’s obligations under this Agreement shall be affected by any right of setoff, counterclaim, recoupment, defense or other right such Seller might have against the Purchaser, all of which rights are hereby expressly waived by such Seller.

  • No Setoff or Deduction All payments of principal of and interest on the Advances and other amounts payable by the Borrowers hereunder shall be made by the Borrowers without setoff or counterclaim, and free and clear of, and without deduction or withholding for, or on account of, any present or future taxes, levies, imposts, duties, fees, assessments, or other charges of whatever nature, imposed by any governmental authority, or by any department, agency or other political subdivision or taxing authority.

  • No Setoff, etc Securities Intermediary shall not exercise on its own behalf any claim, right of set-off, banker’s lien, clearing lien, counterclaim or similar right against any of the Collateral; provided that Securities Intermediary may deduct, from any credit balances, any usual and ordinary transaction and administration fees payable in connection with the administration and operation of the Reserve Account. Except for claims for deductions permitted in the preceding sentence, Securities Intermediary agrees that any security interest it may have in the Reserve Account or any security entitlement carried therein shall be subordinate and junior to the interest of Secured Party.

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