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

Waiver of Contractual Right of Setoff. Notwithstanding any provision of this Agreement or any other existing or future agreement but without affecting the netting provisions of Section 2(c), 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 agreements or otherwise. The words “and will be subject to Section 6(f)” in the third line of the first paragraph of Section 6(e), and Section 6(f) of this Agreement, are deleted.

Waiver of Contractual Right of Setoff. Notwithstanding any provision of this Agreement or any other existing or future agreement but without affecting the netting provisions of Section 2(c)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 agreements or otherwise. The words “and will be subject to Section 6(f)” ) in the third line of the first paragraph of Section 6(e), ) and Section 6(f) of this Agreement, Agreement are deleted.