Offset Rights, Security Interests Sample Clauses

Offset Rights, Security Interests. CTC shall have the right of offset against any funds credited to or owing from CTC to Independent Contractor for any obligation of Independent Contractor to CTC, including, without limitation, obligations of Independent Contractor under this Agreement. This right of offset may be exercised by CTC at any time and without notice to Independent Contractor whether or not the obligations of Independent Contractor to CTC are then due. If CTC is charged back amounts previously funded by vendors, Independent Contractor agrees that Independent Contractor is solely responsible for repayment in full of any amounts charged back by the vendors and any penalties. If the Merchant’s bank account rejects fees or otherwise Merchant does not pay to CTC any fees due in association with the Merchant Agreements, whereby CTC has paid commissions or residuals to Independent Contractor, Independent Contractor shall be liable for repayment to CTC any commissions or residuals previously paid to Independent Contractor.
Sample 1
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Offset Rights, Security Interests. CannAvenue shall have the right of offset against any funds credited to or owing from CannAvenue to Sales Agent for any obligation of Sales Agent to CannAvenue, including, without limitation, obligations of Sales Agent under this Agreement. This right of offset may be exercised by CannAvenue at any time and without notice to Sales Agent whether or not the obligations of Sales Agent to CannAvenue are then due.
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Offset Rights, Security Interests. DF shall have the right of offset against any funds credited to or owing from DF to Independent Sales Organization for any obligation of Independent Sales Organization to DF, including, without limitation, obligations of Independent Sales Organization under this Agreement. This right of offset may be exercised by DF at any time and without notice to Independent Sales Organization whether or not the obligations of Independent Sales Organization to DF are then due. In the event Independent Sales Organization has been paid fees in connection with which, for any reason, a payment made to DF is refunded, returned, offset, or deemed refunded, returned or offset and in connection with Merchant has received compensation, then such compensation must be promptly returned to DF. SECTION FOUR
Sample 1
Offset Rights, Security Interests. TAF shall have the right of offset against any funds credited to or owing from TAF to Independent Sales Organization for any obligation of Independent SalesOrganization to TAF, including, without limitation, obligations of Independent Sales Organization under this Agreement. This right of offset may be exercised by TAF at any time and without notice to Independent Sales Organization whether or not the obligations of Independent Sales Organization to TAF are then due. In the event Independent Sales Organization has been paid fees in connection with which, for any reason, a payment made to TAF is refunded, returned, offset, or deemed refunded, returned or offset and in connection with Merchant has received compensation, then such compensation must be promptly returned to TAF. SECTION FOUR
Sample 1
Offset Rights, Security Interests. Bankcard Solutions shall have the right of offset against any funds credited to or owing from Bankcard Solutions to Agent for any obligation of Agent to Bankcard Solutions, including, without limitation, obligation of Agent under this Agreement and any other agreement with Bankcard Solutions, this right of offset may be exercised by Bankcard Solutions at any time and without notice to Contract whether or not the obligations of Agent to Bankcard Solutions are the due. Agent acknowledges and agrees that Bankcard Solutions shall have full recourse against Agent for: (i) monies owed by Agent to Bankcard Solutions Payments for any reason whatsoever, including but not limited to equipment, sales, supplies, and/or marketing material (ii) any errors or inaccuracies in amounts previously paid to Agent under this Agreement, (iii) any amounts incurred or advanced by sponsor bank and/or Bankcard Solutions on Agent ’s behalf, and (iv) any lawsuits, claims, fines, or penalties caused by Agent. Agent further agrees such recourse shall not be limited to withholding Compensation or debiting the Agent Account but at Bankcard Solutions’ sole discretion, Bankcard Solutions may initiate other actions to recover such monies.
Sample 1

Related to Offset Rights, Security Interests

  • Security Interests No party to this Escrow Agreement shall grant a security interest in any monies or other property deposited with the Escrow Agent under this Escrow Agreement, or otherwise create a lien, encumbrance or other claim against such monies or borrow against the same.

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

  • Security Interest Absolute All rights of the Secured Party and all Obligations of the Company hereunder, shall be absolute and unconditional, irrespective of: (a) any lack of validity or enforceability of this Agreement, the Notes, the Warrants or any agreement entered into in connection with the foregoing, or any portion hereof or thereof; (b) any change in the time, manner or place of payment or performance of, or in any other term of, all or any of the Obligations, or any other amendment or waiver of or any consent to any departure from the Notes, the Warrants or any other agreement entered into in connection with the foregoing; (c) any exchange, release or nonperfection of any of the Intellectual Property, or any release or amendment or waiver of or consent to departure from any other Intellectual Property for, or any guaranty, or any other security, for all or any of the Obligations; (d) any action by the Secured Party to obtain, adjust, settle and cancel in its sole discretion any insurance claims or matters made or arising in connection with the Intellectual Property; or (e) any other circumstance which might otherwise constitute any legal or equitable defense available to the Company, or a discharge of all or any part of the Security Interest granted hereby. Until the Obligations shall have been paid and performed in full, the rights of the Secured Party shall continue even if the Obligations are barred for any reason, including, without limitation, the running of the statute of limitations or bankruptcy. The Company expressly waives presentment, protest, notice of protest, demand, notice of nonpayment and demand for performance. In the event that at any time any transfer of any Intellectual Property or any payment received by the Secured Party hereunder shall be deemed by final order of a court of competent jurisdiction to have been a voidable preference or fraudulent conveyance under the bankruptcy or insolvency laws of the United States, or shall be deemed to be otherwise due to any party other than the Secured Party, then, in any such event, the Company's obligations hereunder shall survive cancellation of this Agreement, and shall not be discharged or satisfied by any prior payment thereof and/or cancellation of this Agreement, but shall remain a valid and binding obligation enforceable in accordance with the terms and provisions hereof. The Company waives all right to require the Secured Party to proceed against any other person or to apply any Intellectual Property which the Secured Party may hold at any time, or to marshal assets, or to pursue any other remedy. The Company waives any defense arising by reason of the application of the statute of limitations to any obligation secured hereby.

  • Adverse Claims Borrower will promptly advise Lender in writing of any litigation, Liens or claims affecting the Mortgaged Property and of all complaints and charges made by any Governmental Authority that may delay or adversely affect the Repairs or Capital Replacements.

  • Credit Union Lien and Security Interest To the extent you owe the Credit Union money as a borrower, guarantor, indorser or otherwise, the Credit Union has a lien on any or all of the funds in any account in which you have an ownership interest at the Credit Union, regardless of the source of the funds. The Credit Union may apply these funds in any order to pay off your indebtedness without further notice to you. If the Credit Union chooses not to enforce its lien, the Credit Union does not waive its right to enforce the lien at a later time. In addition, you grant the Credit Union a consensual security interest in your accounts and agree the Credit Union may use the funds from your accounts to pay any debt or amount owed the Credit Union, except obligations secured by your dwelling, unless prohibited by applicable law. All accounts are nonassignable and nontransferable to third parties.

  • SET-OFF RIGHTS The State shall have all of its common law, equitable and statutory rights of set-off. These rights shall include, but not be limited to, the State's option to withhold for the purposes of set-off any moneys due to the Contractor under this contract up to any amounts due and owing to the State with regard to this contract, any other contract with any State department or agency, including any contract for a term commencing prior to the term of this contract, plus any amounts due and owing to the State for any other reason including, without limitation, tax delinquencies, fee delinquencies or monetary penalties relative thereto. The State shall exercise its set-off rights in accordance with normal State practices including, in cases of set-off pursuant to an audit, the finalization of such audit by the State agency, its representatives, or the State Comptroller.

  • LIENS, CLAIMS AND ENCUMBRANCES The Contractor warrants and represents that all materials, equipment or services delivered herein are free and clear of all liens, claims, or encumbrances of any kind.

  • ENCUMBRANCES/LIENS The Contractor shall not cause or permit any lien, attachment or other encumbrance by any person to be placed on file or to remain on file in any public office or on file with the UNDP against any monies due or to become due for any work done or materials furnished under this Contract, or by reason of any other claim or demand against the Contractor.

  • Liens Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following:

  • Liens and Encumbrances The Company shall not directly or indirectly make, create, incur, assume or permit to exist any assignment, transfer, pledge, mortgage, security interest or other lien or encumbrance of any nature in, to or against any part of the Pledged Property or of the Company's capital stock, or offer or agree to do so, or own or acquire or agree to acquire any asset or property of any character subject to any of the foregoing encumbrances (including any conditional sale contract or other title retention agreement), or assign, pledge or in any way transfer or encumber its right to receive any income or other distribution or proceeds from any part of the Pledged Property or the Company's capital stock; or enter into any sale-leaseback financing respecting any part of the Pledged Property as lessee, or cause or assist the inception or continuation of any of the foregoing.

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