Common use of Setoff; Reimbursement Clause in Contracts

Setoff; Reimbursement. The Escrow Agent acknowledges that it shall not be entitled to set off against any funds in, or payable from, any Account to satisfy any liability of any Participating Manufacturer. Each Participating Manufacturer that pays more than its pro rata Market Share of any payment that is made by the Participating Manufacturers to the Escrow Agent pursuant to Section 8, 9 or 10 hereof shall be entitled to reimbursement of such excess from the other Participating Manufacturers according to their pro rata Market Shares of such excess.

Appears in 9 contracts

Samples: Master Settlement Agreement, Master Settlement Agreement, Master Settlement Agreement

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