Offsetting. Where we owe you any monies, you agree that we may offset this against any monies you may owe us before we make any payment to you.
Offsetting. Without limiting the Department’s rights under this Agreement, under statute, at law or in equity, if the Provider: owes the Commonwealth any debt; or has outstanding or unacquitted money, under this Agreement, or under any other arrangement with the Department or the Commonwealth, the Department may offset or deduct an amount equal to that debt owed, or outstanding or unacquitted money, against any other payments due to the Provider under this Agreement. The Department will Notify the Provider if it exercises its rights under clause 26.5 within 10 Business Days after having exercised those rights. Notwithstanding any action taken by the Department under clause 26.5, the Provider must continue to perform its obligations under this Agreement, unless the Department agrees otherwise in writing.
Offsetting. If we owe you money, we may offset that amount against (use it to reduce) balances owed to us across this and other accounts.
Offsetting. When the Company bears monetary obligations to the Renter pursuant to this Agreement, the Company may, at any time, offset such monetary obligations with the rental fees and other monetary obligations the Renter bears to the Company, regardless of the due date of the Renter's monetary obligations.
Offsetting. FHS shall have the right to offset any amounts owed to FHS by PPG, including but not limited to, amounts owed by PPG under loans guaranteed by FHS, errors, or FHS interim payment for Contracted Services, including Capitation payments. Effective July 1, 1998 and notwithstanding any other provision of this Agreement or any other contract to the contrary, only deficits in the shared risk programs which provide financial incentives for the control or management of Shared Risk Services’ expenses or utilization will neither be collected from PPG by FHS nor offset against PPG Capitation; provided however, that FHS shall not be restricted from (i) offsetting such deficits against payments to PPG including, but not limited to, surpluses from other shared risk programs, stop loss payments, bonus or other incentive program payments; (ii) establishing reasonable withholds from Capitation approved by DOC as set forth in the applicable Addendum to offset PPG liability when the cost of Shared Risk Services exceed the Shared Risk Budget (Withhold Fund); or (iii) carrying forward such shared risk program deficits to be applied against future year’s program surpluses and Withhold Fund. Each PPG numbered site shall be calculated as a separate entity and any payments to or from PPG with multiple sites shall be net amount due/owed from all sites.
Offsetting. The Cardholder agrees that upon his/her default or delinquency, PNB may, as his/her Attorney-in- Fact, in its absolute discretion and without notice, offset the obligations against any of the Cardholder's deposits, money market/trust placements, stocks, bonds and other assets coming to the custody, possession or control of PNB and their foreign branches, subsidiaries and affiliates. For this purpose, the Cardholder hereby authorizes and irrevocably constitutes PNB as his/her Attorney-in-Fact with full power and authority to inquire about and assert the bank's lien or legal claim on the Cardholder's deposits, money market/trust placements, stocks, bonds and other assets in the possession, custody or control of PNB and their foreign branches, subsidiaries and affiliates and to apply all or part of the deposits, money market/trust placements, stocks, bonds and other assets to offset the obligations of the Cardholder. Pursuant to the authority granted to PNB herein, the Cardholder expressly authorizes the disclosure by PNB's other foreign branches, subsidiaries and affiliates of any information related to the funds or properties of the Cardholder in their custody in favor of PNB. In the event that any funds of the Cardholder are held by PNB, PNB reserves the right to retain such funds for a period of at least forty-five (45) days from the date of cancellation or termination of the Credit Card and its return to PNB and the closure of the Card account. If there are unpaid obligations under the Credit Card, PNB is authorized by the Cardholder to automatically apply said funds to the settlement of the unpaid obligations. PNB is not precluded from availing of other remedies in case the funds are insufficient to settle the said obligation.
Offsetting. BMS may offset any damages awarded to BMS under the Supply Agreement against any amounts payable to BN under this Agreement.
Offsetting. 16.1 The Purchaser reserves the right to offset any sums payable by it to the Supplier against any amounts payable by the Supplier to the Purchaser generated by failures to perform the Supply Agreement or any other reason, by issuing the relevant credit note by the Supplier.
Offsetting. Based on the acceptance of the arrangements contained in this document, the Company undertakes not to offset any of the redundancy payments received by employees against final superannuation benefits received.
Offsetting. YOU authorize HSBC to automatically set-off any amounts due and payable under the CARD that are not paid in accordance with these Terms and Conditions, or that are demandable in the event of default, against YOUR deposits or investments with HSBC or with other members of the HSBC Group, whether singly or jointly held, pursuant to Articles 1278 to 1290 of the New Civil Code of the Philippines, as amended. In addition to any general right of set-off or other rights conferred on the BANK by law or under any other agreement, HSBC is entitled, without prior notice to YOU, to combine or consolidate the outstanding balance on YOUR Card Account (includes the outstanding balance on the Card Account of any Supplementary Cardholder) with any other account which YOU maintain with HSBC, and set off or transfer any money standing to the credit of such other account in or towards settlement of YOUR liability to the BANK under this Agreement.
