Common use of No Waiver or Set-Off Clause in Contracts

No Waiver or Set-Off. The Guarantor agrees that, to the maximum extent permitted by law, (a) no act of commission or omission of any kind or at any time on the part of the Trustee or any Holder of the Securities, or their successors and assigns, in respect of any matter whatsoever shall in any way impair the rights of the Trustee or such Holders to enforce any right, power or benefit under this Guarantee, and (b) no set-off, counterclaim, reduction, or diminution of any obligation, or any defense of any kind or nature (other than performance), which the Guarantor or the Company has or may have against the Trustee or such Holders or any assignee or successor thereof shall be available hereunder to the Guarantor.

Appears in 19 contracts

Samples: Guarantee (Principal Financial Group Inc), Indenture (Principal Financial Group Inc), Indenture (Principal Financial Group Inc)

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No Waiver or Set-Off. The Guarantor agrees that, to the maximum extent permitted by law, (a) no act of commission or omission of any kind or at any time on the part of the Trustee or any Holder of the SecuritiesSenior Notes, or their successors and assigns, in respect of any matter whatsoever shall in any way impair the rights of the Trustee or such Holders to enforce any right, power or benefit under this Guarantee, and (b) no set-off, counterclaim, reduction, or diminution of any obligation, or any defense of any kind or nature (other than performance), which the Guarantor or the Company has or may have against the Trustee or such Holders or any assignee or successor thereof shall be available hereunder to the Guarantor.

Appears in 14 contracts

Samples: Guarantee (Principal Financial Group Inc), Guarantee (Principal Financial Group Inc), Principal Financial Group Inc

No Waiver or Set-Off. The Guarantor agrees that, to the maximum extent permitted by law, (a) no act of commission or omission of any kind or at any time on the part of the Trustee or any Holder of the SecuritiesBeneficiary, or their its successors and assigns, in respect of any matter whatsoever shall in any way impair the rights of the Trustee or such Holders Beneficiaries to enforce any right, power or benefit under this Guarantee, and (b) no set-off, counterclaim, reduction, or diminution of any obligation, or any defense of any kind or nature (other than performance), which the Guarantor or the Company has or may have against the Trustee or such Holders any Beneficiary or any assignee or successor thereof shall be available hereunder to the Guarantor.

Appears in 5 contracts

Samples: Guarantee (Alaska Air Group, Inc.), Guarantee (Alaska Air Group, Inc.), Guarantee (Amr Corp)

No Waiver or Set-Off. The Guarantor agrees that, to the maximum extent permitted by law, (a) no No act of commission or omission of any kind or at any time on upon the part of the Trustee Company or any Holder of the SecuritiesTrustee, or their successors and assigns, in respect of any matter whatsoever shall in any way impair the rights of the Trustee or such Holders to enforce any right, power or benefit under this Guarantee, Guarantee and (b) no set-off, counterclaim, reduction, or diminution of any obligation, or any defense of any kind or nature a surety guarantor (other than performance)performance by each Guarantor of its obligations hereunder, or receipt by the Trustee of payment from the Company) which the each Guarantor or the Company has or may have against the Company or the Trustee or such Holders or any assignee or successor thereof shall be available hereunder to the each Guarantor.

Appears in 3 contracts

Samples: Indenture (Petroleum Geo Services Asa), Petroleum Geo Services Asa, Petroleum Geo Services Asa

No Waiver or Set-Off. The Guarantor agrees that, to the maximum extent permitted by law, : (a) no act of commission or omission of any kind or at any time on the part of the Trustee or any Holder of the Applicable Securities, or their successors and assigns, in respect of any matter whatsoever shall in any way impair the rights of the Trustee or such Holders to enforce any right, power or benefit under this Guarantee, ; and (b) no set-off, counterclaim, reduction, or diminution of any obligation, or any defense of any kind or nature (other than performance), which the Guarantor or the Company has or may have against the Trustee or such Holders or any assignee or successor thereof shall be available hereunder to the Guarantor.

Appears in 2 contracts

Samples: Supplemental Indenture (American Airlines Inc), American Airlines Inc

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No Waiver or Set-Off. The Guarantor agrees that, to the maximum extent permitted by law, : (a) no act of commission or omission of any kind or at any time on the part of the Trustee or any Holder of the Securities, or their successors and assigns, in respect of any matter whatsoever shall in any way impair the rights of the Trustee or such Holders to enforce any right, power or benefit under this Guarantee, ; and (b) no set-off, counterclaim, reduction, or diminution of any obligation, or any defense of any kind or nature (other than performance), which the Guarantor or the Company has or may have against the Trustee or such Holders or any assignee or successor thereof shall be available hereunder to the Guarantor.

Appears in 2 contracts

Samples: Guarantee (Amr Corp), Guarantee (Amr Corp)

No Waiver or Set-Off. The Guarantor agrees that, to the maximum extent permitted by law, (a) no act of commission or omission of any kind or at any time on the part of the Trustee or any Holder of the SecuritiesJunior Subordinated Notes, or their successors and assigns, in respect of any matter whatsoever shall in any way impair the rights of the Trustee or such Holders to enforce any right, power or benefit under this Guarantee, and (b) no set-off, counterclaim, reduction, or diminution of any obligation, or any defense of any kind or nature (other than performance), which the Guarantor or the Company has or may have against the Trustee or such Holders or any assignee or successor thereof shall be available hereunder to the Guarantor.

Appears in 2 contracts

Samples: Guarantee (Principal Financial Group Inc), Guarantee (Principal Financial Group Inc)

No Waiver or Set-Off. The Guarantor agrees that, to the maximum extent permitted by law, (a) no act of commission or omission of any kind or at any time on the part of the Trustee or any Holder of the SecuritiesBeneficiary, or their its successors and assigns, in respect of any matter whatsoever shall in any way impair the rights of the Trustee or such Holders Beneficiaries to enforce any right, power or benefit under this Guarantee, and (b) no set-off, counterclaim, reduction, or diminution of any obligation, or any defense of any kind or nature (other than performance), which the Guarantor or the any Company has or may have against the Trustee or such Holders any Beneficiary or any assignee or successor thereof shall be available hereunder to the Guarantor.

Appears in 1 contract

Samples: Alaska Air (Alaska Air Group, Inc.)

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