Common use of Set Off for Outstanding Balance Clause in Contracts

Set Off for Outstanding Balance. CFM shall be entitled, with ***** written notice, to set off any outstanding obligation and amounts that are due and owing from Airline to CFM (and not subject to a good faith dispute for goods or services (whether or not in connection with this Letter Agreement and/or GTA), against any amount payable by CFM to Airline in connection with this Letter Agreement and/or GTA.

Appears in 2 contracts

Samples: Letter Agreement (Frontier Group Holdings, Inc.), Letter Agreement (Frontier Group Holdings, Inc.)

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Set Off for Outstanding Balance. CFM shall be entitled, with ***** written noticeat all times, to set off any outstanding obligation and amounts that are due and owing from Airline to CFM (and not subject to a good faith dispute for CFM Aircraft Engines goods or services (whether or not in connection with this Letter Agreement and/or GTA), against any amount payable by CFM to Airline in connection with this Letter Agreement and/or GTA.

Appears in 2 contracts

Samples: Letter Agreement (Frontier Group Holdings, Inc.), Letter Agreement (Frontier Group Holdings, Inc.)

Set Off for Outstanding Balance. CFM shall be entitled, with [***** ] days written notice, to set off any outstanding obligation and amounts that are due and owing from Airline to CFM (and not subject to a good faith dispute dispute) for goods or services (whether or not in connection with this Letter Agreement and/or GTA), against any amount payable by CFM to Airline in connection with this Letter Agreement and/or GTA.

Appears in 1 contract

Samples: General Terms Agreement (Lan Airlines SA)

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Set Off for Outstanding Balance. CFM shall be entitled, with [***** ] written notice, to set off any outstanding obligation and amounts that are due and owing from Airline to CFM (and not subject to a good faith dispute for goods or services (whether or not in connection with this Letter Agreement and/or GTA), against any amount payable by CFM to Airline in connection with this Letter Agreement and/or GTA.

Appears in 1 contract

Samples: Letter Agreement (Frontier Group Holdings, Inc.)

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