Common use of Setoff and Counterclaims Clause in Contracts

Setoff and Counterclaims. The Guarantor shall be entitled to assert all rights and defenses that HQUS may be entitled to under the Agreement, including, but not limited to, any setoff or counterclaims that HQUS is or may be entitled to. Notwithstanding the preceding sentence, the liability of the Guarantor under the Guaranty shall not be affected because of the bankruptcy, insolvency, dissolution or liquidation of HQUS.

Appears in 4 contracts

Samples: Power Purchase Agreement, Power Purchase Agreement, Power Purchase Agreement

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Setoff and Counterclaims. The Guarantor shall be entitled to assert all rights and defenses that HQUS may be entitled to under the AgreementAgreements, including, but not limited to, any setoff or counterclaims that HQUS or any other affiliate of the Guarantor is or may be entitled to. Notwithstanding the preceding sentence, the liability of the Guarantor under the Guaranty shall not be affected because of the bankruptcy, insolvency, dissolution or liquidation of HQUS.

Appears in 4 contracts

Samples: Transmission Service Agreement (Avangrid, Inc.), Transmission Service Agreement (Avangrid, Inc.), Additional Transmission Service Agreement (Avangrid, Inc.)

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Setoff and Counterclaims. The Guarantor shall be entitled to assert all rights and defenses that HQUS may be entitled to under the AgreementAgreementAgreements, including, but not limited to, any setoff or counterclaims that HQUS or any other affiliate of the Guarantor is or may be entitled to. Notwithstanding the preceding sentence, the liability of the Guarantor under the Guaranty AgreementAgreements shall not be affected because of the bankruptcy, insolvency, dissolution or liquidation of HQUS.

Appears in 1 contract

Samples: Guaranty Agreement

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