Common use of Waiver of Set-Off Rights Clause in Contracts

Waiver of Set-Off Rights. The Disbursement Agent hereby acknowledges the Trustee's security interests as set forth below and waives any security interest or other lien in the Collateral and further waives any right to set-off the Collateral now or in the future against any indebtedness of the Manager. The waivers set forth in this Section 2.5 are of rights which may exist now or hereafter in favor of the Disbursement Agent in the individual capacity, and not of any such rights which may exist now or hereafter in favor of the Disbursement Agent in its capacity as Disbursement Agent for the Trustee. Nothing in this Section 2.5 shall be construed as waiving, limiting or diminishing any rights of the Trustee vis-a-vis the Manager.

Waiver of Set-Off Rights. The Disbursement Agent hereby acknowledges the Trustee's security interests as set forth below above and under any other Collateral Documents and waives any security interest or other lien in the Collateral and further waives any right to set-set off the Collateral now or in the future against any indebtedness of the ManagerIssuer. The waivers set forth in this Section 2.5 2.9 are of rights which may exist now or hereafter in favor of the Disbursement Agent in the its individual capacity, and not of any such rights which may exist now or hereafter in favor of the Disbursement Agent in its capacity as Disbursement Agent for the Trustee. Nothing in this Section 2.5 2.9 shall be construed as waiving, limiting or diminishing any rights of the Trustee vis-a-vis the ManagerIssuer.

Waiver of Set-Off Rights. The Each Disbursement Agent hereby acknowledges the Trustee's security interests as set forth below above and under any other Collateral Documents and waives any security interest or other lien in the Collateral and further waives any right to set-set off the Collateral now or in the future against any indebtedness of the ManagerAuthority. The waivers set forth in this Section 2.5 2.9 are of rights which may exist now or hereafter in favor of the each Disbursement Agent in the its individual capacity, and not of any such rights which may exist now or hereafter in favor of the such Disbursement Agent in its capacity as Disbursement Agent for the Trustee. Nothing in this Section 2.5 2.9 shall be construed as waiving, limiting or diminishing any rights of the Trustee vis-a-vis the ManagerAuthority.

Waiver of Set-Off Rights. The Disbursement Agent hereby acknowledges the Trustee's security interests as set forth below above and under any other Collateral Documents and waives any security interest or other lien in the Collateral and further waives any right to set-off the Collateral now or in the future against any indebtedness of the ManagerAuthority. The waivers set forth in this Section 2.5 2.9 are of rights which may exist now or hereafter in favor of the Disbursement Agent in the its individual capacity, and not of any such rights which may exist now or hereafter in favor of the Disbursement Agent in its capacity as Disbursement Agent for the Trustee. Nothing in this Section 2.5 2.9 shall be construed as waiving, limiting or diminishing any rights of the Trustee vis-a-vis the ManagerAuthority.