Credits/Refunds; Set-Off Sample Clauses

Credits/Refunds; Set-Off. In accordance with this Section 5, the Seller shall promptly refund Lonza by wire transfer or check for any payment Lonza made with respect to such Product. Lonza may elect, at its sole discretion, to take such credit on any open invoices of the Seller in the place of such refund. Lonza may set-off any amount owed from the Seller or any of Seller’s affiliates against any amount payable at any time by Lonza.
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Credits/Refunds; Set-Off. In accordance with this Section 5, the Seller shall promptly refund to Buyer by wire transfer or check for any payment Buyer made with respect to such Goods. Buyer may elect, at its sole discretion, to take such credit on any open invoices of the Seller in the place of such refund. Buyer may set- off any amount owed from the Seller or any of Seller’s affiliates against any amount payable at any time by Buyer.
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Credits/Refunds; Set-Off. To the extent SOV is entitled to any credit other than a Service Level Credit, such credit shall be reflected on the first invoice rendered after the credit is earned. If the amount of any credit exceeds the amount owing to Supplier reflected on any invoice, Supplier shall pay the balance of the credit to SOV within thirty
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Credits/Refunds; Set-Off. In accordance with this Section 5, the Seller shall promptly refund Arxada by wire transfer or check for any payment Arxada made with respect to such Product. Arxada may elect, at its sole discretion, to take such credit on any open invoices of the Seller in the place of such refund. Arxada may set- off any amount owed from the Seller or any of Seller’s affiliates against any amount payable at any time by Arxada.
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Credits/Refunds; Set-Off. In accordance with this Section 5, the Seller shall promptly refund ARXADA by wire transfer or check for any payment ARXADA made with respect to such Product. ARXADA may elect, at its sole discretion, to take such credit on any open invoices of the Seller in the place of such refund. ARXADA may set-off any amount owed from the Seller or any of Seller’s affiliates against any amount payable at any time by ARXADA.
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Related to Credits/Refunds; Set-Off

  • Rebates, Credits and Refunds The HSP:

  • No set-off The Company's obligation to make the payments provided for in this Agreement and otherwise to perform its obligations hereunder shall not be affected by any circumstances, including, without limitation, any set-off, counterclaim, recoupment, defense or other right which the Company may have against the Employee or others.

  • Tax Refunds Any Tax refunds that are received by Buyer, the Company, Newco or the Sold Subsidiaries, and any amounts credited against Taxes to which Buyer, the Company, Newco or the Sold Subsidiaries become entitled in a Tax period ending after the Closing Date, that relate to Pre-Closing Tax Periods or portions thereof of the Company, Newco or the Sold Subsidiaries shall be for the account of Seller. Buyer shall pay over to Seller any such refund received by Buyer or the amount of any such credit, net of all expenses (including Taxes) imposed or incurred by Buyer, Newco, the Company, or the Sold Subsidiaries with respect to such refund or credit, within fifteen (15) calendar days after actual receipt of such refund or application of such credit against Taxes. To the extent that any expense creates a net operating loss in a Pre-Closing Tax Period that can, pursuant to applicable Tax law, be carried back to an earlier taxable period to generate a refund through the amendment of a non-Seller Group Tax Return for a Pre-Closing Tax Period, Buyer, at the sole expense of Seller, shall cause Newco, the Company or the Sold Subsidiaries to amend such Tax Return for such Pre-Closing Tax Period as soon as reasonably practicable after becoming aware of the availability of such refund.

  • PAYMENTS AND SET-OFF 8.1 All sums payable by the Guarantor under this Deed of Guarantee shall be paid without any set-off, lien or counterclaim, deduction or withholding, howsoever arising, except for those required by law, and if any deduction or withholding must be made by law, the Guarantor will pay that additional amount which is necessary to ensure that the Beneficiary receives a net amount equal to the full amount which it would have received if the payment had been made without the deduction or withholding.

  • RETURNS, CLAIMS, REFUNDS The customer shall immediately upon receipt of goods supplied fully inspect such goods and satisfy itself that the goods are correct. If the customer is unsatisfied, the customer must immediately contact the Company and communicate all details of such dissatisfaction. Unless the above procedure is followed the Company is entitled to assume that the goods supplied are correct and no returns claims for refunds will be permitted or made.

  • Right to Set Off If your Account balance becomes and remains negative, we can use the funds in any of your accounts with us to repay the negative balance in your Account without any further notice to or demand on you. Moreover, we have the right to set-off any liability, direct or contingent, past, present or future that you owe against any account you have with us. Further, you grant us a lien on and security interest in the funds on deposit in each of your account(s) as security for all of your liabilities and obligations to us, now or in the future.

  • Payments from the Gross Settlement Amount The Administrator will make and deduct the following payments from the Gross Settlement Amount, in the amounts specified by the Court in the Final Approval:

  • Set Off The State may set off any sums which the Party owes the State against any sums due the Party under this Agreement; provided, however, that any set off of amounts due the State of Vermont as taxes shall be in accordance with the procedures more specifically provided hereinafter.

  • Funding of Gross Settlement Amount Defendant shall fully fund the Gross Settlement Amount, and also fund the amounts necessary to fully pay Defendant’s share of payroll taxes by transmitting the funds to the Administrator no later than 14 days after the Effective Date.

  • Net Out of Settlement Amounts The Non-Defaulting Party will aggregate all Settlement Amounts into a single amount by netting out (a) all amounts that are due to the Defaulting Party for Product that has been Delivered and not yet paid for, plus, at the option of the Non-Defaulting Party, any cash, security or other Performance Assurance then available to the Non-Defaulting Party, plus any or all other amounts due to the Defaulting Party under this Agreement against (b) all Settlement Amounts that are due to the Non-Defaulting Party, plus any or all other amounts due to the Non-Defaulting Party under this Agreement, so that all such amounts will be netted out to a single liquidated amount (the “Termination Payment”) payable by the Defaulting Party. The Termination Payment, if any, is due from the Defaulting Party to the Non-Defaulting Party within two Business Days following notice.

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