SET-OFF AND APPROPRIATION Sample Clauses

SET-OFF AND APPROPRIATION. 25.1 Except to the extent expressly stated otherwise in this Agreement, the Secretary of State may set off from any amount payable by him to a Party any undisputed amount due to them by that Party.
Sample 1
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SET-OFF AND APPROPRIATION. In addition to any right which the Owner may be entitled, the Owner may at any time and without notice to the Hirer combine or consolidate all or any of the Hirer’s accounts maintained by the Hirer with the Owner and/or any liability, whether solely or jointly or jointly and/or severally with any other person or persons with or to the Owner or set-off or transfer any sum or sums standing to the credit of the Hirer in one or more of such accounts (whether arising out of this Agreement or otherwise) in or towards satisfaction of any of such liability or liabilities of the Hirer whether solely or jointly or jointly and/or severally with any other person or persons to the Owner or any other account or in any other respects whether actual, contingent, primary or collateral liabilities arising from or in connection with this Agreement. The Hirer agrees that, notwithstanding any specific appropriation purported to have been made by the Hirer, the Owner may appropriate at its discretion any monies paid by the Hirer in full or part satisfaction of any debt or liability arising from or in connection with this Agreement including any interest payable by the Hirer in accordance with Clause 5 unless prohibited by the Act, where the Act is applicable, or any applicable law. The Hirer agrees and authorises the Owner to retain any surplus from the proceeds of sale of the Goods or any monies standing to the Hirer’s credit under this Agreement and to apply, set-off, combine or consolidate any or all such surplus, proceeds of sale or sums of money standing to the Hirer’s credit at any time or times to pay the Owner whether as principal or surety and whether solely or jointly or jointly and severally with any other person or persons, in any manner whatsoever for any liabilities whether actual, contingent, primary or collateral arising from or in connection with this Agreement.
Sample 1

Related to SET-OFF AND APPROPRIATION

  • Right of appropriation (a) We shall be entitled in our reasonable discretion to apply and appropriate all payments received by us in such a manner or order of priority as we may deem fit, notwithstanding any specific appropriation of such sums by you or any person making such payment. Without prejudice to the generality of the foregoing, we may apply payments received by us in the following order of priority:

  • Fiscal Appropriations This Contract is subject to and contingent upon available local, state, and/or federal funds and applicable budgetary appropriations being approved by the County of Orange Board of Supervisors for each fiscal year during the term of this Contract. If such appropriations are not approved, the Contract will be terminated, without penalty to the County.

  • Where No Appropriation If, as provided for in section 4.3, the LHIN does not receive the necessary funding from the MOHLTC, the LHIN may terminate this Agreement immediately by giving Notice to the HSP.

  • Appropriations Until all amounts which may be or become payable by the Obligors under or in connection with the Finance Documents have been irrevocably paid in full, each Finance Party (or any trustee or agent on its behalf) may:

  • Appropriation Funding under this Agreement is conditional upon an appropriation of moneys by the Legislature of Ontario to the MOHLTC and funding of the LHIN by the MOHLTC pursuant to LHSIA. If the LHIN does not receive its anticipated funding the LHIN will not be obligated to make the payments required by this Agreement.

  • Non-Appropriation If this Agreement extends into more than one fiscal year of the State (July 1 to June 30), and if appropriations are insufficient to support this Agreement, the State may cancel at the end of the fiscal year, or otherwise upon the expiration of existing appropriation authority. In the case that this Agreement is a Grant that is funded in whole or in part by Federal funds, and in the event Federal funds become unavailable or reduced, the State may suspend or cancel this Grant immediately, and the State shall have no obligation to pay Subrecipient from State revenues.

  • Annual Appropriations The State’s performance and obligation to pay under this contract are contingent upon an annual appropriation by the Legislature.

  • Annual Appropriation Pursuant to section 287.0582, F.S., if the Contract binds the State of Florida or an agency for the purchase of services or tangible personal property for a period in excess of one fiscal year, the State of Florida’s performance and obligation to pay under the Contract is contingent upon an annual appropriation by the Legislature.

  • Authorization of appropriations There are authorized to be appropriated such sums as are necessary to carry out this section.

  • General Assembly Appropriation The Recipient hereby acknowledges and agrees that the financial assistance provided under this Agreement is entirely subject to, and contingent upon, the availability of funds appropriated by the General Assembly for the purposes set forth in this Agreement and in Chapter 164 of the Revised Code. The Recipient further acknowledges and agrees that none of the duties and obligations imposed by this Agreement on the Director shall be binding until the Recipient has complied with all applicable provisions of Chapter 164 of the Revised Code and Chapter 164-1 of the Administrative Code and until the Recipient has acquired and committed all funds necessary for the full payment of the Matching Funds applicable to the Project.

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