Common use of Set-Off; Recoupment Clause in Contracts

Set-Off; Recoupment. In addition to any right of set-off or recoupment provided by law, all amounts due to Seller and its subsidiaries and affiliates shall be considered net of indebtedness or obligations of Seller and its subsidiaries and affiliates to FFT and its subsidiaries and affiliates, and FFT and its subsidiaries and affiliates may set-off against or recoup from any amounts due or to become due from Seller and its subsidiaries and affiliates to FFT and its subsidiaries and affiliates however and whenever arising. FFT may do so without notice to Seller or its subsidiaries or affiliates. If any obligations of Seller or its subsidiaries or affiliates to FFT or its subsidiaries or affiliates are disputed, contingent or unliquidated, including Customer warranty claims made before final determination of cause, FFT may defer payment of amounts due until such obligations are resolved.

Set-Off; Recoupment. In addition to any right of set-off or recoupment provided by law, all amounts due to Seller and its subsidiaries and affiliates shall be considered net of indebtedness or obligations of Seller and its subsidiaries and affiliates to FFT Buyer and its subsidiaries and affiliates, and FFT Buyer and its subsidiaries and affiliates may set-off against or recoup from any amounts due or to become due from to Seller and its subsidiaries and affiliates to FFT from Buyer and its subsidiaries and affiliates however and whenever arising. FFT Buyer may do so without notice to Seller or its subsidiaries or affiliates. If any obligations of Seller or its subsidiaries or affiliates to FFT Buyer or its subsidiaries or affiliates are disputed, contingent or unliquidated, including Customer warranty claims made before final determination of cause, FFT Buyer may defer payment of amounts due until such obligations are resolved.

Set-Off; Recoupment. In addition to any right of set-off or recoupment provided by law, all amounts due to Seller and its subsidiaries and affiliates shall be considered net of indebtedness or obligations of Seller and its subsidiaries and affiliates to FFT Buyer and its subsidiaries and affiliates, and FFT Buyer and its subsidiaries and affiliates may set-off against or recoup from any amounts due or to become due from Seller and its subsidiaries and affiliates to FFT Buyer and its subsidiaries and affiliates however and whenever arising. FFT Buyer may do so without notice to Seller or its subsidiaries or affiliates. If any obligations of Seller or its subsidiaries or affiliates to FFT Buyer or its subsidiaries or affiliates are disputed, contingent or unliquidated, including Customer warranty claims made before final determination of cause, FFT Buyer may defer payment of amounts due until such obligations are resolved.