Common use of No Setoff, etc Clause in Contracts

No Setoff, etc. The obligations of the Company to pay the principal balance and interest due to the Holder shall be absolute and unconditional and the Company shall make such payment without abatement, diminution or deduction regardless of any cause or circumstances whatsoever including, without limitation, any defense, setoff, recoupment, or counterclaim which the Company may have or assert against the Holder or any other person.

Appears in 7 contracts

Samples: Convertible Promissory Note (SaasMAX, Inc.), Convertible Promissory Note (SaasMAX, Inc.), Convertible Promissory Note (SaasMAX, Inc.)

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No Setoff, etc. The obligations of the Company to pay the principal balance and interest due to the Note Holder shall be absolute and unconditional and the Company shall make such payment without abatement, diminution or deduction regardless of any cause or circumstances whatsoever including, without limitation, any defense, setoff, recoupment, or counterclaim which the Company may have or assert against the Holder or any other person.

Appears in 1 contract

Samples: Senior Secured Convertible Promissory Note (Textmunication Holdings, Inc.)

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