Offsetting Payments Sample Clauses

Offsetting Payments. In the event of a Termination as defined in paragraph 4 above for which termination payments have been paid, the Company or NITC shall not be entitled to recover or offset any termination payment paid or owed other than for a breach of the obligations set forth in paragraph 7 above.
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Offsetting Payments. Section 337.145 of the Florida Statutes, providing for offsetting payments to the Contractor, is hereby made a part of this Contract:
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Offsetting Payments. 34 Section 3.7 Payment to USH3 and NBC Holding in Respect of Certain Foreign Income Taxes...........34 Section 3.8 Interest on Overdue Payments.........................................................35 Section 3.9 Coordination with Other Tax Provisions...............................................35 Section 3.10 Interest on Intercompany Balances and Opening Cash Amounts...........................35
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Offsetting Payments. In the event that any Person required to make a payment (the "FIRST PARTY") under Section 3.4 or 3.5 to a Person (the "SECOND PARTY") is entitled to receive a payment from the Second Party, the two payments shall be offset against the other, and only the net amount resulting from such offsetting shall be payable by the First Party or the Second Party, as the case may be.
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Offsetting Payments. The parties hereby agree and acknowledge that all dividends and distributions made in respect of the GP Holdings Preferred Stock and all amounts received by the TW Parties in respect of the GP Holdings Preferred Stock upon any voluntary or involuntary liquidation, dissolution or winding up of GP Holdings shall be applied against any amounts due hereunder.
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Offsetting Payments. (A) In full and complete satisfaction of its obligation to pay for the Purchased Receivables under Section 3(a) of the Asset Agreement, DIANON shall pay to KMD three hundred ninety-nine thousand eight hundred and sixty-two ($399,862) dollars in the manner described in paragraph (C) below.
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Offsetting Payments. The Parties may elect to set off payments owed by one Party to the other Party against payments owed by such other Party to the one Party that are payable concurrently in time under this Article II. In doing so, the Party that is effectuating set-off shall render an accounting for the set-off to the other Party.
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Offsetting Payments. If ION becomes delinquent on any payment obligations under this Agreement, WesternGeco shall have the right to offset any payments owed by ION to WesternGeco against payments owed to ION by WesternGeco under the Campeche Agreements.
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Related to Offsetting Payments

  • Crediting Payments The receipt of any payment item by Agent shall not be required to be considered a payment on account unless such payment item is a wire transfer of immediately available federal funds made to Agent’s Account or unless and until such payment item is honored when presented for payment. Should any payment item not be honored when presented for payment, then Borrowers shall be deemed not to have made such payment and interest shall be calculated accordingly. Anything to the contrary contained herein notwithstanding, any payment item shall be deemed received by Agent only if it is received into Agent’s Account on a Business Day on or before 1:30 p.m. If any payment item is received into Agent’s Account on a non-Business Day or after 1:30 p.m. on a Business Day (unless Agent, in its sole discretion, elects to credit it on the date received), it shall be deemed to have been received by Agent as of the opening of business on the immediately following Business Day.

  • Termination Payments In the event of termination of the Executive’s employment during the Employment Period, all compensation and benefits set forth in this Agreement shall terminate except as specifically provided in this Section 8.

  • Closing Payments At the Closing, Parent shall pay or cause to be paid the following amounts by wire transfers of immediately available funds:

  • Post-Closing Payments (a) On the first anniversary of the Closing Date, Buyer will pay to Seller or, to the extent designated by Seller in writing and in accordance with Section 3.11, to the Members in accordance with their respective Pro Rata Percentages, the remaining 33.33% of the Closing Cash Consideration, as finally determined in accordance with Section 3.4 (the “Deferred Cash Payment”), via wire transfer to the Seller’s Bank Account or the Member Bank Accounts, as applicable.

  • Delinquent Payments 8F.01 Timely payment of wages and contributions to all trust funds provided for in this Agreement is essential for the protection of the beneficiaries. Delinquency and continued failure to pay wages and/or remit contributions to the trust funds shall be dealt with as follows:

  • Termination Payment The final payment delivered to the Certificateholders on the Termination Date pursuant to the procedures set forth in Section 9.01(b).

  • Rent Payments Xxxxxx agrees to pay rent to the Landlord during the term of this Lease in equal monthly installments of $975, which shall be paid on or before the first day of the month. Xxxxxx agrees that if rent is not paid in full on or before 1st day of the month, Tenant will pay a late charge of $97.50 as allowed by applicable Georgia law.The prorated rent from the commencement of this Lease to the first day of the following month is $975, which amount shall be paid at the execution of this Lease. Xxxxxx agrees that rent shall be paid in lawful money of the United States via the Xxxxx Residents App. Rent payments shall be made payable to and mailed or delivered to the following address: P.O. Box 17942 Atlanta, GA 30316. All notices from Tenant to Landlord under this Lease and applicable Georgia law shall be delivered to the above address. Xxxxxx agrees that rent will be deemed paid only once Landlord or Landlord’s agent receives the rent monies, either by mail or by delivery to the above address. If there are multiple Tenants signed to this Lease, all such Tenants are jointly, severally and individually bound by, and liable under, the terms and conditions of this Lease. A judgment entered against one Tenant shall be no bar to an action against other Tenants.

  • Invoicing; Payment All invoicing and payment for services performed under this Contract shall be as specified in Attachment B, hereto.

  • Tax Payments Each Company shall be liable for and shall pay the Taxes allocated to it by this Section 2 either to the applicable Tax Authority or to the other Company in accordance with Section 4 and the other applicable provisions of this Agreement.

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