Common use of No Setoff Rights Clause in Contracts

No Setoff Rights. Neither Party shall have any right of setoff of any amounts due and payable, or any amounts arising, under this Agreement against any other amounts due and payable, or liabilities arising, under the Supply Agreement or Transition Services Agreement. The payment obligations under this Agreement, the Supply Agreement and the Transition Services Agreement remain independent obligations of each Party, irrespective of any amounts owed to any other Party under this Agreement or the Supply Agreement or Transition Services Agreement, as the case may be.

Appears in 1 contract

Samples: Asset Purchase Agreement (Arlo Technologies, Inc.)

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No Setoff Rights. Neither Party shall have any right of setoff of any amounts due and payable, or any amounts Liabilities arising, under this Agreement against any other amounts due and payable, or liabilities any Liabilities arising, under the Supply Agreement or Transition Services any Ancillary Agreement. The payment obligations under each of this Agreement, the Supply Agreement and the Transition Services Agreement Ancillary Agreements remain independent obligations of each Party, irrespective of any amounts owed to any other Party under this Agreement or the Supply Agreement or Transition Services Agreement, as the case may berespective Ancillary Agreements.

Appears in 1 contract

Samples: Asset Purchase Agreement (Horizon Pharma PLC)

No Setoff Rights. Neither Party shall have any right of setoff of any amounts due and payable, or any amounts Liabilities arising, under this Agreement against any other amounts due and payable under this Agreement or any amounts due and payable, or liabilities any Liabilities arising, under the Supply Agreement or Transition Services any Ancillary Agreement. The payment obligations under each of this Agreement, the Supply Agreement and the Transition Services Agreement Ancillary Agreements remain independent obligations of each Party, irrespective of any amounts owed to any other Party under this Agreement or the Supply Agreement or Transition Services Agreement, as the case may berespective Ancillary Agreements.

Appears in 1 contract

Samples: Asset Purchase Agreement (Harrow Health, Inc.)

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No Setoff Rights. Neither Party shall have any right of setoff of any amounts due and payable, or any amounts arising, under this Agreement against any other amounts due and payable, or liabilities arising, under the Supply Agreement or Transition Services Agreement. The payment obligations under this Agreement, the Supply Agreement and the Transition Services Agreement remain independent obligations of each Party, irrespective of any amounts owed to any other Party under this Agreement or the Supply Agreement or Transition Services Agreement, as the case may be.

Appears in 1 contract

Samples: Asset Purchase Agreement (Opko Health, Inc.)

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