Common use of Offset and Recoupment Clause in Contracts

Offset and Recoupment. Offset or recoup against any amounts that may then or thereafter come due from the City or RDA to Developer, whether under this Agreement or otherwise, an amount of damages reasonably estimated by the City or RDA resulting from Developer’s breach;

Appears in 20 contracts

Samples: Development Agreement, Development Agreement, Development Agreement

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Offset and Recoupment. Offset or recoup against any amounts that may then or thereafter come due from the City or RDA to Developer, whether under this Agreement or otherwise, an amount of damages reasonably estimated by the City or RDA resulting from Developer’s breach;, including withholding of PayGo payments to the Developer until temporary defaults are remedied to the satisfaction of the City.

Appears in 2 contracts

Samples: Development Agreement, Development Agreement

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