Common use of Netting and Setoff Clause in Contracts

Netting and Setoff. If Purchaser and Seller are required to pay any amount under this Agreement on the same day or in the same month, then such amounts with respect to each Party may be aggregated and the Parties may discharge their obligations to pay through netting, in which case the Party, if any, owing the greater aggregate amount shall pay to the Party owed the difference between the amounts owed. Each Party reserves to itself all rights, setoffs, counterclaims, combination of accounts, liens and other remedies and defenses which such Party has or may be entitled to (whether by operation of law or otherwise). The obligations to make payments under this Agreement and/or any other contract between the Purchaser and Seller, if any, may be offset against each other, set off or recouped therefrom.

Netting and Setoff. If Purchaser Buyer and Seller are required to pay any amount under this Agreement on the same day or in the same month, then such amounts with respect to each Party party may be aggregated and the Parties parties may discharge their obligations to pay through netting, in which case the Partyparty, if any, owing the greater aggregate amount shall pay to the Party party owed the difference between the amounts owed. Each Party party reserves to itself all rights, setoffs, counterclaims, combination of accounts, liens and other remedies and defenses which such Party party has or may be entitled to (whether by operation of law or otherwise). The obligations to make payments under this Agreement Contract and/or any other contract Other Contract(s) between the Purchaser and Seller, if any, parties hereto may be offset against each other, set off or recouped therefrom.