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.
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.
16.2 Notifying amounts debited and the subsequent formalization shall always be followed by the quality and logistic departments of the relevant plant of the Purchaser and any objection shall be addressed to them.
16.3 All amounts debited shall be regarded as tacitly accepted if, in the 3 days following their notification, no written objection is sent to the Purchaser.
Offsetting. Amounts to be repaid to the MA may be offset against amounts of any kind due to the Lead Beneficiary, after informing it accordingly. This shall not affect the Parties’ right to agree on payment in instalments.
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.
