Common use of SET OFF CLAUSE Clause in Contracts

SET OFF CLAUSE. 13.1 In the event any sum of money or claim becomes recoverable from or payable by LICENSEE to the LICENSOR either against this Licence Agreement or otherwise in any manner, such money or claim can be (without restricting any right of set off for counter claim given or employed by law) deducted or adjusted against any amount or sum of money then due or which at any time thereafter may become due to the LICENCE under this Licence Agreement or any other agreement or contract between the LICENSOR and the LICENSEE. 13.2 The aforesaid sum of money payable to the LICENSEE company shall include any security which can be converted into money. 13.3 After exercising the right of set off a notice shall always be given immediately by the licensor to the LICENSEE.

SET OFF CLAUSE. 13.1 10.1 In the event any sum of money or claim becomes recoverable from or payable by LICENSEE to the LICENSOR either against this Licence License Agreement or otherwise in any manner, such money or claim can be (without restricting any right of set off for counter claim given or employed by law) deducted or adjusted against any amount or sum of money then due or which at any time thereafter may become due to the LICENCE LICENSE under this Licence License Agreement or any other agreement or contract between the LICENSOR and the LICENSEE. 13.2 10.2 The aforesaid sum of money payable to the LICENSEE company Company shall include any security security, which can be converted into money. 13.3 10.3 After exercising the right of set off a notice shall always be given immediately by the licensor to the LICENSEElicensee.

SET OFF CLAUSE. 13.1 In the event any sum of money or claim becomes recoverable from or payable by LICENSEE to the LICENSOR either against this Licence Agreement or otherwise in any manner, such money or claim can be (without restricting any right of set off for counter claim given or employed by law) deducted or adjusted against any amount or sum of money then due or which at any time thereafter may become due to the LICENCE under this Licence Agreement or any other agreement or contract between the LICENSOR and the LICENSEE. 13.2 The aforesaid sum of money payable to the LICENSEE company shall include any security which can be converted into money. 13.3 After exercising the right of set off a notice shall always be given immediately by the licensor to the LICENSEE.. shall always be given

SET OFF CLAUSE. 13.1 In the event any sum of money or claim becomes recoverable from form or payable by LICENSEE to the LICENSOR either against this Licence Agreement or otherwise in any manner, such money or claim can be (without restricting any right of set off for counter claim given or employed by law) deducted law)deducted or adjusted against any amount or sum of money then due or which at any time thereafter may become due to the LICENCE under this Licence Agreement or any other agreement or contract between the LICENSOR and the LICENSEE. 13.2 The aforesaid sum of money payable to the LICENSEE company shall include any security which can be converted into money. 13.3 After exercising the right of set off a notice shall always be given immediately by the licensor to the LICENSEE.

SET OFF CLAUSE. 13.1 In the event Event any sum of money or claim becomes recoverable from or payable by LICENSEE to the LICENSOR either against this Licence Agreement or otherwise in any manner, such money or claim can be (without restricting any right of set off for counter claim given or employed by law) deducted or adjusted against any amount or sum of money then due or which at any time thereafter may become due to the LICENCE under this Licence Agreement or any other agreement or contract between the LICENSOR and the LICENSEE. 13.2 The aforesaid sum of money payable to the LICENSEE company shall include any security which can be converted into money. 13.3 After exercising the right of set off a notice shall always be given immediately by the licensor to the LICENSEE.