Offset Rights; Security for Obligations. Owner shall have the right to offset any amounts owing to Owner under this Article VI against payments or other amounts owing to Contractor and to exercise its rights against any security provided by or for the benefit of Contractor, in such order as Owner may elect in its sole discretion.
Appears in 4 contracts
Samples: Procurement and Construction Agreement, Procurement and Construction Agreement, Procurement and Construction Agreement
Offset Rights; Security for Obligations. Owner shall have the right to offset any amounts owing to Owner under this Article VI against payments or other amounts owing to Contractor and to exercise its rights against any security provided by or for the benefit of Contractor, in such order as Owner may elect in its sole discretion.. WARRANTIES
Appears in 2 contracts
Samples: Engineering, Procurement and Construction Agreement, Engineering, Procurement and Construction Agreement
Offset Rights; Security for Obligations. Owner shall have the right to offset any amounts owing to Owner under this Article VI against payments Progress Payments or other amounts owing to Contractor and to exercise its rights against any security provided by or for the benefit of Contractor, in such order as Owner may elect in its sole discretion.
Appears in 1 contract
Samples: Project Agreement
