Common use of Set-Off and Netting Clause in Contracts

Set-Off and Netting. Bank agrees not to set-off or net amounts due from Counterparty with respect to the Transaction against amounts due from Bank to Counterparty under any other obligations whether by operation of law or otherwise. Section 2(c) of the ISDA Agreement as it applies to payments due with respect to the Transaction shall remain in effect and is not subject to the first sentence of this provision.

Appears in 11 contracts

Samples: Confirmation (DDR Corp), Confirmation (DDR Corp), Confirmation (DDR Corp)

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