Setoff and Priority Sample Clauses

Setoff and Priority. All funds that First Data owes to the Company under this Agreement are subject to the Company’s payment obligations under this Agreement. First Data may set off amounts (i) the Company owes to First Data under this or any other agreement; or (ii) any amount the Company owes to First Data’s affiliates under this Agreement or any other agreement; against any funds that First Data owes to the Company.
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Setoff and Priority. All funds that Fiserv owes to the Company under this Agreement are subject to the Company’s payment obligations under this Agreement. Fiserv may set off amounts the Company owes to Fiserv against any funds that Fiserv owes to the Company.
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Setoff and Priority. All funds that PSP and Acquirer owe to the Company under this Agreement are subject to the Company’s payment obligations under this Agreement. PSP or Acquirer may set off the respective amounts the Company owes to PSP or Acquirer against any funds that PSP or Acquirer owe to the Company.
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Setoff and Priority. All funds that TeleCheck owes to Client under this Agreement are subject to Client’s payment obligations under this Agreement. TeleCheck may setoff or recoup amounts Client owes to TeleCheck against any funds that TeleCheck owes to Client.
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Setoff and Priority. All funds that Fiserv owes to the Company under this Agreement are subject to the Company’s liabilities and obligations (whether such liabilities are current or contingent, present or future, liquidated or unliquidated) under this Agreement. Fiserv may set off against any funds that Fiserv owes to the Company, liabilities or obligations of the Company (whether such liabilities are current or contingent, present or future, liquidated or unliquidated) which: (i) the Company owes to Fiserv under this Agreement or any other agreement; or (ii) the Company owes to Fiserv’s affiliates under this Agreement or any other agreement.
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Setoff and Priority. All funds that Fiserv owes to the Merchant under this Agreement are subject to the Merchant’s payment obligations under this Agreement. Fiserv may set off amounts the Merchant owes to Fiserv against any funds that Fiserv owes to the Merchant.
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Related to Setoff and Priority

  • Lien 22.1. The Company shall have a general lien on all funds held by the Company on the Client’s behalf until the satisfaction of the Client’s obligations.

  • Security Interest This Agreement creates a valid and continuing security interest (as defined in the UCC) in the Receivables in favor of the Issuer, which security interest is prior to all other Liens, and is enforceable as such against creditors of and purchasers from the Seller.

  • Security Interests No party to this Escrow Agreement shall grant a security interest in any monies or other property deposited with the Escrow Agent under this Escrow Agreement, or otherwise create a lien, encumbrance or other claim against such monies or borrow against the same.

  • Liens Create, incur, assume or suffer to exist any Lien upon any of its property, assets or revenues, whether now owned or hereafter acquired, other than the following:

  • Priority If the Managing Underwriter or Underwriters of any proposed Underwritten Offering advise the Partnership that the total amount of Registrable Securities that the Selling Holders and any other Persons intend to include in such offering exceeds the number that can be sold in such offering without being likely to have an adverse effect on the price, timing or distribution of the Common Units offered or the market for the Common Units, then the Common Units to be included in such Underwritten Offering shall include the number of Registrable Securities that such Managing Underwriter or Underwriters advise the Partnership can be sold without having such adverse effect, with such number to be allocated (i) first, to the Partnership, (ii) second, to Teekay and its Affiliates pursuant to any registration rights existing as of the date of this Agreement and (iii) third, pro rata among the Selling Holders who have requested participation in such Underwritten Offering and any other holder of securities of the Partnership (other than Teekay and its Affiliates) having rights of registration that are neither expressly senior nor subordinated to the Registrable Securities (the “Parity Securities”). The pro rata allocations pursuant to clause (iii) above for each Selling Holder who has requested participation in such Underwritten Offering shall be the product of (a) the aggregate number of Registrable Securities proposed to be sold in such Underwritten Offering multiplied by (b) the fraction derived by dividing (x) the number of Registrable Securities owned on the Closing Date by such Selling Holder by (y) the aggregate number of Registrable Securities owned on the Closing Date by all Selling Holders who have requested participation in such Underwritten Offering plus the aggregate number of Parity Securities owned on the Closing Date by all holders of Parity Securities that are participating in the Underwritten Offering.

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