Common use of No Setoff Clause in Contracts

No Setoff. Each Originator’s obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such Originator might have against Buyer, all of which rights are hereby expressly waived by such Originator.

Appears in 13 contracts

Samples: Receivables Funding and Administration Agreement (Td Synnex Corp), Receivables Funding and Administration Agreement (Td Synnex Corp), Receivables Sale and Servicing Agreement (Rexnord Corp)

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No Setoff. Each Originator’s 's obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such Originator might have against Buyer, any Lender or the Administrative Agent, all of which rights are hereby expressly waived by such Originator.

Appears in 2 contracts

Samples: Receivables Sale Agreement (Superior Telecom Inc), Receivables Sale Agreement (Alpine Group Inc /De/)

No Setoff. Each The Originator’s 's obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such the Originator might have against Buyer, any Purchaser or the Administrative Agent, all of which rights are hereby expressly waived by such the Originator.

Appears in 1 contract

Samples: Receivables Purchase and Contribution Agreement (Advancepcs)

No Setoff. Each Originator’s obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such Originator might have against the Buyer, or the Receivables or Collections, all of which rights are hereby expressly waived by such Originator.

Appears in 1 contract

Samples: Receivables Sale and Servicing Agreement (Ryerson Inc.)

No Setoff. Each Originator’s obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such Originator might have against any Buyer, all of which rights are hereby expressly waived by such Originator.

Appears in 1 contract

Samples: Receivables Sale Agreement (Univision Holdings, Inc.)

No Setoff. Each Originator’s 's obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such Originator might have against Buyer, any Purchaser or the Administrative Agent, all of which rights are hereby expressly waived by such Originator.

Appears in 1 contract

Samples: Receivables Sale Agreement (Daisy Parts Inc)

No Setoff. Each Originator’s obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such Originator might have against Buyer, any Lender or the Administrative Agent, all of which rights are hereby expressly waived by such Originator.

Appears in 1 contract

Samples: Receivables Sale Agreement (Ak Steel Holding Corp)

No Setoff. Each Originator’s None of the Originators’ obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such the applicable Originator might may have against the Buyer, any of the Purchasers, the Administrative Agent or any assignee, all of which setoff rights are hereby expressly waived by each of the Originators as against such Originatorobligations.

Appears in 1 contract

Samples: Receivables Sale Agreement (Kapstone Paper & Packaging Corp)

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No Setoff. Each No Originator’s 's obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such Originator might have against Buyer, the Purchaser or the Administrative Agent, all of which rights are hereby expressly waived by such Originatorthe Originators.

Appears in 1 contract

Samples: Receivables Sale and Contribution Agreement (Castle a M & Co)

No Setoff. Each Originator’s 's obligations under this --------- Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such Originator might have against Buyer, any Lender or the Administrative Agent, all of which rights are hereby expressly waived by such Originator.

Appears in 1 contract

Samples: Receivables Sale Agreement (Imperial Sugar Co /New/)

No Setoff. Each Originator’s 's obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such Originator might have against BuyerBuyer or the Lender, all of which rights are hereby expressly waived by such OriginatorOriginator for the term of this Agreement.

Appears in 1 contract

Samples: Receivables Sale Agreement (Ingram Micro Inc)

No Setoff. Each The Originator’s obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such the Originator might have against the Buyer, all of which rights are hereby expressly waived by such the Originator.

Appears in 1 contract

Samples: Receivables Sale and Contribution Agreement (Acco Brands Corp)

No Setoff. Each The Originator’s 's obligations under this Agreement shall not be affected by any right of setoff, counterclaim, recoupment, defense or other right such the Originator might have against Buyer, any Lender or the Administrative Agent, all of which rights are hereby expressly waived by such the Originator.

Appears in 1 contract

Samples: Receivables Sale and Contribution Agreement (Consolidated Freightways Corp)

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