OVERPAYMENT/OFFSET. If Fox makes an overpayment to Participant ------------------ hereunder for any reason or if Participant is indebted to Distributor for any reason relating to the Agreement, Participant shall pay Fox such overpayment or indebtedness on demand, or at the election of Fox, Fox may deduct and retain for its own account an amount equal to any such overpayment or indebtedness from any sums that may become due or payable by Fox to Participant for the account of Participant, or to any company owned by, owning, or under common ownership with Participant.
Appears in 2 contracts
Samples: Distribution Rights Acquisition Agreement (Fox Kids Worldwide Inc), Distribution Rights Acquisition Agreement (Fox Kids Worldwide Inc)
OVERPAYMENT/OFFSET. If Fox makes an overpayment to Participant hereunder ------------------ hereunder for any reason or if Participant is indebted to Distributor Fox for any reason relating to the Agreement, Participant shall pay Fox such overpayment or indebtedness on demand, or at the election of Fox, Fox may deduct and retain for its own account an amount equal to any such overpayment or indebtedness from any sums that may become due or payable by Fox to Participant for the account of Participant, or to any company owned by, owning, or under common ownership with Participant.
Appears in 2 contracts
Samples: Merchandising Rights Acquisition Agreement (Fox Kids Worldwide Inc), Merchandising Rights Acquisition Agreement (Fox Kids Worldwide Inc)