Common use of Waiver of Contractual Right of Setoff Clause in Contracts

Waiver of Contractual Right of Setoff. Without affecting the provisions of this Agreement requiring the calculation of certain net payment or closeout amounts, notwithstanding any provision of this Agreement or any other existing or future agreement, each party irrevocably waives any and all contractual rights it may have to set off, recoup or otherwise withhold or suspend or condition payment or performance of any obligation between the two parties hereunder against any obligations between the two parties under any other agreements.

Appears in 12 contracts

Samples: Master Agreement (GE Capital Credit Card Master Note Trust), Master Agreement (RFS Holding LLC), Master Agreement (GE Capital Credit Card Master Note Trust)

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Waiver of Contractual Right of Setoff. Without affecting the provisions of this Agreement requiring the calculation of certain net payment or closeout amounts, notwithstanding Notwithstanding any provision of this Agreement or any other existing or future agreement, each party irrevocably waives any and all contractual rights it may have to set off, net, recoup or otherwise withhold or suspend or condition payment or performance of any obligation between the two parties hereunder against any obligations between the two parties under any other agreementsagreements or otherwise. The last sentence of the first paragraph of Section 6(e) and the definition of “Set-off” in Section 14 of this Agreement are deleted.

Appears in 4 contracts

Samples: Master Agreement (GE Capital Credit Card Master Note Trust), Master Agreement (GE Capital Credit Card Master Note Trust), Master Agreement (GE Capital Credit Card Master Note Trust)

Waiver of Contractual Right of Setoff. Without affecting the provisions of this Agreement requiring the calculation of certain net payment or closeout amounts, notwithstanding Notwithstanding any provision of this Agreement or any other existing or future agreement, each party irrevocably waives any and all contractual rights it may have to set off, net, recoup or otherwise withhold or suspend or condition payment or performance of any obligation between the two parties hereunder against any obligations between the two parties under any other agreementsagreements or otherwise.

Appears in 2 contracts

Samples: Master Agreement (Cef Equipment Holding LLC), Master Agreement (Cef Equipment Holding LLC)

Waiver of Contractual Right of Setoff. Without affecting the provisions of this Agreement requiring the calculation of certain net payment or closeout amounts, notwithstanding Notwithstanding any ------------------------------------- provision of the Master Agreement as incorporated in this Agreement Confirmation or any other existing or future agreement, each party irrevocably waives any and all contractual rights it may have to set off, net, recoup or otherwise withhold or suspend or condition payment or performance of any obligation between the two parties hereunder against any obligations between the two parties under any other agreementsagreements or otherwise.

Appears in 1 contract

Samples: Confirmation (United Air Lines Inc)

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Waiver of Contractual Right of Setoff. Without affecting the provisions of this Agreement requiring the calculation of certain net payment or closeout amounts, notwithstanding Notwithstanding any provision of this Agreement or any other existing or future agreement, each party irrevocably waives any and all contractual rights it may have to set off, net, recoup or otherwise withhold or suspend or condition payment or performance of any obligation between the two parties hereunder against any obligations between the two parties under any other agreementsagreements or otherwise. The provisions for Set-off set forth in Section 6(e) of this Agreement shall not apply for purposes of this Transaction.

Appears in 1 contract

Samples: Pooling and Servicing Agreement (GE-WMC Asset-Backed Pass Through Certificates, Series 2005-1)

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