Common use of Obligations/Setoff Clause in Contracts

Obligations/Setoff. The obligations of the parties as set forth in this agreement shall be unconditional and irrevocable, and shall not be subject to any defense or be released, discharged or otherwise affected by any matter, including impossibility, illegality, impracticality, frustration of purpose, force majeure, act of government, the bankruptcy or insolvency of any party hereto, and the obligations of each party shall not be subject to any right of setoff or recoupment which such party may not or hereafter have against the other party.

Appears in 29 contracts

Samples: Sprint PCS Management Agreement (Us Unwired Inc), Management Agreement (Unwired Telecom Corp), License Agreement (Unwired Telecom Corp)

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Obligations/Setoff. The obligations of the parties as set ------------------ forth in this agreement shall be unconditional and irrevocable, and shall not be subject to any defense or be released, discharged or otherwise affected by any matter, including impossibility, illegality, impracticality, frustration of purpose, force majeure, act of government, the bankruptcy or insolvency of any party hereto, and the obligations of each party shall not be subject to any right of setoff or recoupment which such party may not or hereafter have against the other party.

Appears in 4 contracts

Samples: License Agreement (Ipcs Equipment Inc), License Agreement (Ipcs Equipment Inc), License Agreement (Ipcs Equipment Inc)

Obligations/Setoff. The obligations of the parties as ------------------ set forth in this agreement shall be unconditional and irrevocable, and shall not be subject to any defense or be released, discharged or otherwise affected by any matter, including impossibility, illegality, impracticality, frustration of purpose, force majeure, act of government, the bankruptcy or insolvency of any party hereto, and the obligations of each party shall not be subject to any right of setoff or recoupment which such party may not or hereafter have against the other party.

Appears in 2 contracts

Samples: Sprint Spectrum Trademark and Service Mark License Agreement (Airgate Wireless Inc), Sprint Trademark and Service Mark License Agreement (Airgate Wireless Inc)

Obligations/Setoff. The obligations of the parties as set forth in this agreement Agreement shall be unconditional and irrevocable, and shall not be subject to any defense or be released, discharged or otherwise affected by any matter, including impossibility, illegality, impracticality, frustration of purpose, force majeure, act of government, the bankruptcy or insolvency of any party hereto, and the obligations of each party shall not be subject to any right of setoff or recoupment which such party may not or hereafter have against the other party.

Appears in 2 contracts

Samples: License Agreement (Hi-Great Group Holding Co), License Agreement (Migom Global Corp.)

Obligations/Setoff. The obligations of the parties as set forth in this agreement shall be unconditional and irrevocable, and shall not be subject to any defense or be released, discharged or otherwise affected by any matter, including impossibility, illegality, impracticality, frustration of purpose, force majeure, act of government, the bankruptcy bankruptcy, or insolvency of any party hereto, and the obligations of each party shall not be subject to any right of setoff or recoupment which such party may not or hereafter have against the other party.

Appears in 2 contracts

Samples: Sprint Trademark and Service Mark License Agreement (Horizon PCS Inc), Sprint Trademark and Service Mark License Agreement (Horizon Personal Communications Inc)

Obligations/Setoff. Section 9.1. Obligations/Setoff. The obligations of the parties as set forth in this agreement shall be unconditional and irrevocable, and shall not be subject to any defense or be released, discharged or otherwise affected by any matter, including impossibility, illegality, impracticality, frustration of purpose, force majeure, act of government, the bankruptcy or insolvency of any party hereto, and the obligations of each party shall not be subject to any right of setoff or recoupment which such party may not or hereafter have against the other party.

Appears in 1 contract

Samples: License Agreement (Unwired Telecom Corp)

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Obligations/Setoff. The obligations of the parties as set forth in this agreement shall be unconditional and irrevocable, and shall not be he subject to any defense or be released, discharged or otherwise affected by any matter, including impossibility, illegality, impracticality, frustration of purpose, force majeure, act of government, the bankruptcy or insolvency of any party hereto, and the obligations of each party shall not be subject to any right of setoff or recoupment which such party may not or hereafter have against the other party.

Appears in 1 contract

Samples: Sprint Trademark and Service Mark License Agreement (Ubiquitel Inc)

Obligations/Setoff. The obligations of the parties as set forth in this agreement shall be unconditional and irrevocable, and shall not be subject to any defense or be released, . discharged or otherwise affected by any matter, including impossibility, illegality, impracticality, frustration of purpose, force majeure, act of government, the bankruptcy or insolvency of any party hereto, and the obligations of each party shall not be subject to any right of setoff or recoupment which such party patty may not or hereafter have against the other party.

Appears in 1 contract

Samples: License Agreement (Shenandoah Telecommunications Co/Va/)

Obligations/Setoff. The obligations of the parties as set forth in this agreement shall be unconditional and irrevocable, and shall not be subject to any any, defense or be released, discharged or otherwise affected by any matter, including impossibility, illegality, impracticality, frustration of purpose, force majeure, act of government, the bankruptcy or insolvency of any party hereto, and the obligations of each party shall not be subject to any right of setoff or recoupment which such party may not or hereafter have against the other party.

Appears in 1 contract

Samples: License Agreement (Unwired Telecom Corp)

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