Common use of SET-OFF; RESERVATION OF ACCOUNT; CREDIT BALANCE Clause in Contracts

SET-OFF; RESERVATION OF ACCOUNT; CREDIT BALANCE. Company may set off against amounts payable under any Order all present and future indebtedness of Supplier to Company arising from this or any other transaction whether or not related hereto. If Company determines that Supplier’s performance under an Order and/or this Agreement is likely to be impaired, Company may establish a reserve on Supplier’s Account to satisfy Supplier’s actual or anticipated obligations to Company arising from any such Order or this Agreement, by withholding payment of Supplier’s invoices. Supplier agrees that any credit balance will be paid in cash to Company upon written request.

Appears in 2 contracts

Samples: Supplier Agreement (Dean Foods Co), Supplier Agreement (EveryWare Global, Inc.)

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