Common use of Set Off for Outstanding Balance Clause in Contracts

Set Off for Outstanding Balance. CFMI shall be entitled, at all times, to set off any outstanding obligation and amounts that are due and owing from Airline to CFMI for CFMI Aircraft Engines goods or services (whether or not in connection with this Letter Agreement No. 1 or the Agreement), against any amount payable by CFMI to Airline in connection with this Letter Agreement No. 1 or the Agreement.

Set Off for Outstanding Balance. CFMI shall be entitled, at all times, to set off any outstanding obligation and amounts that are due and owing from Airline to CFMI for CFMI Aircraft Engines goods or services (whether or not in connection with this Letter Agreement No. 1 3 or the Agreement), against any amount payable by CFMI to Airline in connection with this Letter Agreement No. 1 3 or the Agreement.

Set Off for Outstanding Balance. CFMI shall be entitled, at all times, to set off any outstanding obligation and amounts that are due and owing from Airline to CFMI for CFMI Aircraft Engines goods or services (whether or not in connection with this Letter Agreement No. 1 2 or the Agreement), against any amount payable by CFMI to Airline in connection with this Letter Agreement No. 1 2 or the Agreement.

Set Off for Outstanding Balance. CFMI shall be entitled, at all times, to set off any outstanding obligation and amounts that are due and owing from Airline to CFMI for CFMI Aircraft Engines goods or services (whether or not in connection with this Letter Agreement No. 1 2 or the Agreement), against any amount payable by CFMI to Airline in connection with this Letter Agreement No. 1 2 or the Agreement. *****Confidential portions of the material have been omitted and filed separately with the Securities and Exchange Commission.