Right of Deduction Sample Clauses

Right of Deduction. After the Centre receives the Recipient’s acceptance of the present Agreement, and concludes similar agreements with any Collaborating Institutions, if applicable, the Centre will make the initial payment under this Agreement to the Recipient in accordance with Part 3 - Schedule of Project Milestones. The initial payment under this Agreement, and all further payments with respect to this Project, shall be made in accordance with the terms of this Agreement on the condition that the Recipient is in compliance with all of its contractual obligations to the Centre, including such obligations that may arise in connection with any other agreement it may have concluded with the Centre (“Other Contractual Obligations”). Should the Recipient be in default of its obligations pursuant to this Agreement or Other Contractual Obligations, including reporting obligations, the Centre reserves the right to deduct any or all amounts which the Recipient may owe the Centre against the amounts the Centre may owe the Recipient pursuant to this Agreement.
AutoNDA by SimpleDocs
Right of Deduction. Any improvement or work done or authorized by Tenant or performed to Tenant’s account, the cost of which remains unpaid at the time the Construction Consideration is otherwise payable, and any accrued Rental which remains unpaid at the time the Construction Consideration is payable, will be deducted from any Construction Consideration payment by Landlord to Tenant, and Landlord may hold the same as security against any liens arising therefrom if Tenant has not posted a bond or other security, or Landlord may pay such unpaid cost for and on behalf of Tenant.
Right of Deduction. The Joint Brokers may (but are not under any obligation to do so) deduct from the gross proceeds of the Placing the fees, costs, expenses and any VAT payable by EARNZ pursuant to sub-clauses 9.1 to 9.3 (inclusive) and the deductions of any such fees, costs and expenses shall be an absolute discharge of EARNZ's obligations to pay them. If such deduction is made, the relevant Joint Broker shall provide a statement itemising the amounts so deducted. In the event that all or some of the amounts payable in respect of costs and expenses are not deducted by the relevant Joint Broker from the gross proceeds of the Placing, EARNZ shall pay all such fees, costs and expenses on request.
Right of Deduction. If any payment by the Applicant is due and payable under this Agreement, Minsheng Bank is entitled to deduct the corresponding amount from the designated account, the pledged deposit account or any other account the Applicant maintains with Minsheng Bank. If the funds in the above accounts are not sufficient to pay the amount due, the Applicant shall remain liable to pay the balance. In relation to such deduction, Minsheng Bank is not obligated to obtain the Applicant's prior consent or give the Applicant prior notice but shall notify the Applicant promptly after such deduction.
Right of Deduction. If the employer has paid the salaried employee the full salary instead of the difference, the employer shall be entitled to withdraw the allowance or a comparable indemnity assigned to the salaried employee under the law or agreement or to receive the amount from the salaried employee; however, not more than the amount paid by the employer. However, the right to deduct shall not extend to a daily allowance or compensation paid in whole or in part by the salaried employee on the basis of voluntary insurance. If the daily allowance or compensation comparable to it is not paid for reasons arising from the employee themselves, or if a smaller amount that the employee would be legally entitled to is paid, the employer has the right to deduct from the employee’s salary the part of the daily allowance or compensation which has not been paid as a result of the employee’s own negligence. COLLECTIVE AGREEMENT FOR SALARIED EMPLOYEES
Right of Deduction. Payments to the Seller under this Order shall be subject to deductions of any valid claims of Buyer against Seller arising from this or any other transaction.
Right of Deduction. Should the Recipient be in default of its obligations pursuant to this Agreement or Other Contractual Obligations, including reporting obligations, INGSA reserves the right to deduct any or all amounts which the Recipient may owe INGSA against the amounts INGSA may owe the Recipient pursuant to this Agreement.
AutoNDA by SimpleDocs
Right of Deduction. The employer is entitled to collect any statutory or agreed daily allowance or comparable benefit payable to the employee, or to recover the said amount from the employee, for the period during which the employer has paid the salary referred to in this section without exceeding the sum paid to the employee as salary. However, the right of deduction does not apply to daily allowance or compensation received by the employees on the basis of voluntary insurance paid for in full or in part by the employee themselves. If the daily allowance or compensation comparable to it is not paid for reasons arising from the employee themselves, or if a smaller amount that the employee would be legally entitled to is paid, the employer has the right to deduct from the employee’s salary the part of the daily allowance or compensation which has not been paid as a result of the employee’s own negligence.

Related to Right of Deduction

  • Set Off Right Lender may set off and apply to the Obligations any and all indebtedness at any time owing to or for the credit or the account of Borrower or any other assets of Borrower in Lender’s possession or control.

  • Right of Co-Sale To the extent the Investors do not exercise their respective Rights of First Refusal (the “Co-Sale Right Holders”) as to the Offered Shares proposed to be sold by the Transferor to the third party transferee identified in the Transfer Notice in accordance with Section 4.4, such Co-Sale Right Holder shall have the right (but no obligation) to participate in, and the Transferor shall have the obligation to procure the third party transferee to accept, the transfer of any Offered Shares to the extent that such Co-Sale Right Holder’s Pro Rata Co-Sale Share (defined as below) will be transferred at the same price and subject to the same terms and conditions as specified in the Transfer Notice (the “Right of Co-Sale”). For the purpose of this Section 4.5, a Co-Sale Right Holder’s “Pro Rata Co-Sale Share” shall mean that number of Ordinary Shares (calculated on an as-converted basis) which equals the number of the Offered Shares specified in the Transfer Notice multiplied by a fraction equal to (i) the total number of Ordinary Shares (calculated on an as-converted basis) then held by such Co-Sale Right Holder at the time of the transfer, divided by (ii) the total number of Ordinary Shares (calculated on an as-converted basis) held by the Co-Sale Right Holders that have elected to exercise the Right of Co-Sale plus the total number of Ordinary Shares (calculated on an as-converted basis) then held by the Transferor. The Co-Sale Right Holder shall deliver, within the Option Period, a written notice (the “Co-Sale Notice”) to the Transferor, stating (i) its decision to exercise the Right of Co-Sale as specified in the Co-Sale Notice, and (ii) the number of Shares that such Co-Sale Right Holder elects to transfer, in order to effect its Right of Co-Sale. If the Co-Sale Right Holder sends out the Co-Sale Notice within the Option Period, and provided, however, that the Co-Sale Right Holder fails to effect its Right of Co-Sale due to failure to obtain the consent of the third party transferee or the approval, consent or exemption (if necessary) from the Governmental Authority, notwithstanding anything to the contrary in this Agreement, the Transferor shall not effect any transfer of the Offered Share of the Company to the third party transferee without the prior written consent of the Co-Sale Right Holders, unless the Transferor purchases the number of the Shares that such Co-Sale Right Holder elects to transfer at the same price and subject to the same terms and conditions as specified in the Transfer Notice.

  • Right of Set-off Upon (i) the occurrence and during the continuance of any Event of Default and (ii) the making of the request or the granting of the consent specified by Section 6.01 to authorize the Agent to declare the Notes due and payable pursuant to the provisions of Section 6.01, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or such Affiliate to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement and the Note held by such Lender, whether or not such Lender shall have made any demand under this Agreement or such Note and although such obligations may be unmatured. Each Lender agrees promptly to notify the Borrower after any such set-off and application, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) that such Lender and its Affiliates may have.

  • Right of Refusal Vendor has the right not to sell to a TIPS Member under the awarded agreement at Vendor’s discretion unless otherwise required by law.

  • Right of Revocation Guarantor understands and agrees that Guarantor may revoke its future obligations under this Guaranty at any time by giving Bank written notice that Guarantor will not be liable hereunder for any indebtedness or obligations of Borrower incurred on or after the effective date of such revocation. Such revocation shall be deemed to be effective on the day following the day Bank receives such notice delivered either by: (a) personal delivery to the address and designated department of Bank identified in subparagraph 1(a) above, or (b) United States mail, registered or certified, return receipt requested, postage prepaid, addressed to Bank at the address shown in subparagraph 1(a) above. Notwithstanding such revocation, Guarantor shall remain liable on its obligations hereunder until payment in full to Bank of (x) all of the Guaranteed Indebtedness that is outstanding on the effective date of such revocation, and any renewals and extensions thereof, and (y) all loans, advances and other extensions of credit made to or for the account of Borrower on or after the effective date of such revocation pursuant to the obligation of Bank under a commitment or agreement made to or with Borrower prior to the effective date of such revocation. The terms and conditions of this Guaranty, including without limitation the consents and waivers set forth in paragraph 7 hereof, shall remain in effect with respect to the Guaranteed Indebtedness described in the preceding sentence in the same manner as if such revocation had not been made by Guarantor.

  • No Right of Set-Off The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

  • Right of Contribution Each Guarantor hereby agrees that to the extent that a Guarantor shall have paid more than its proportionate share of any payment made hereunder, such Guarantor shall be entitled to seek and receive contribution from and against any other Guarantor hereunder which has not paid its proportionate share of such payment. Each Guarantor’s right of contribution shall be subject to the terms and conditions of Section 2.3. The provisions of this Section 2.2 shall in no respect limit the obligations and liabilities of any Guarantor to the Administrative Agent and the Lenders, and each Guarantor shall remain liable to the Administrative Agent and the Lenders for the full amount guaranteed by such Guarantor hereunder.

Draft better contracts in just 5 minutes Get the weekly Law Insider newsletter packed with expert videos, webinars, ebooks, and more!