Setting Off Sample Clauses

Setting Off. Upon a default or event of default under the Loan Documents and payment by VSBFA under the Guaranty Agreement, the Borrower and the Guarantor(s), jointly and severally, acknowledge and agree that VSBFA may set off, collect and retain any payments or monies due or owing the Borrower or any Guarantor from the Commonwealth of Virginia, and/or any governmental authority or agency of the Commonwealth of Virginia.
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Setting Off. The Supplier is authorised to set off unilaterally their receivables from the Customer after and before maturity exclusively with the Customer’s prior written consent.
Setting Off. Unless otherwise provided for in this Agreement, the Contracting Authority may set off any amounts owing to the Contractor under this Agreement against amounts that are payable by the Contractor to the Contracting Authority pursuant to the Agreement.
Setting Off. Without limitation of the unlimited liability of the Sellers hereunder, the Parties expressly agree that the Remaining Amount of the Initial Consideration, as well as the Amount Payable under any of the Tranches of the Total Purchase Price shall secure any liabilities of any or all of the Sellers arising hereunder due to Damages and any other amounts due hereunder, including, without limitation, the payment of the amount resulting from that provided for under section 2.3.1.(c) above in the terms established below, as well as the payment of the penalties established under Clause 6.4 and 7.4 above. For that purpose, if at the time any the Remaining Amount of the Initial Consideration or any of the Tranches Total Purchase Price becomes due, liquid and payable ("vencida, liquida y exigible") hereunder, there shall be due, liquid and payable debts under the present Agreement owed by the Sellers to the Purchaser (and, in particular, under Clauses 2.3, 4, 6 and 7.4) the amounts due, liquid and payable owed by the Sellers shall be automatically offset against the amounts due, liquid and payable of the corresponding Tranches owed by the Purchaser to the Sellers by virtue of Articles 1.195 et seq. of the Spanish Civil Code. Additionally, if at the time the Fourth and/or the Fifth Tranches become due hereunder, a Notice (as defined under Clause 5.1 above) has been delivered to the Sellers' Representative, the Purchaser's obligation to pay it shall be suspended in an amount equivalent to the Claimed Amount (as defined under Clause 5.1 above) until final resolution regarding the Claimed Amount. Notwithstanding the above, the Purchaser shall pay to the Sellers (by means of payment to the Sellers' Representative) interests at a nominal annual interest rate of 6 months EURIBOR plus 1.5% over the amount suspended of payment exceeding the amount of which the Sellers were declared to be liable by the final resolution regarding the Claimed Amount or by agreement between the Parties. Such interests shall accrue from the date on which the payment of said exceeding amount although being due, was suspended in accordance to the present Clause and until the date on which the same is effectively paid to the Sellers' Representative. The Parties agree that, if the Sellers present a first demand bank guarantee as the one attached hereto as ANNEX (9.1), for the Claimed Amount in favour of the Purchaser, the latter shall be obliged to immediately pay to the Sellers the part of the Remain...
Setting Off. The Company will be entitled to deduct from and set off against amounts due to Consultant pursuant to this Agreement and/or pursuant to any other agreement, law, or otherwise, any amounts, which Consultant is required to pay the Company pursuant to this Agreement, any other agreement, any law, or otherwise.
Setting Off. If the Cardholder keeps one or more accounts with the Bank, the latter is entitled to offset any legal claims of the Cardholder from such accounts with the amount (or part of the amount) of any due and payable dues from the use of the Card. The Cardholder hereby authorizes the Bank to this end, it being agreed that the authorization shall be irrevocable as it serves the best interest of the Bank as well. ANNEX MASTERCARD IDENTITY CHECK TERMS OF USE 1. Service Description NBG’s Mastercard Identity Check service, which provides Cardholders with strong ID authentication, as per the framework agreement, gives the Cardholder an extra layer of protection when making online transactions, thus minimizing the risk of unauthorized use of the Cardholder’s card. The use of NBG’s Mastercard Identity Check service is available only for Card transactions at merchants certified by Mastercard Identity Check (hereon the “certified merchant(s)”).

Related to Setting Off

  • Employee Eligibility Verification The Contractor warrants that it fully complies with all Federal and State statutes and regulations regarding the employment of aliens and others and that all its employees performing work under this Contract meet the citizenship or alien status requirement set forth in Federal statutes and regulations. The Contractor shall obtain, from all employees performing work hereunder, all verification and other documentation of employment eligibility status required by Federal or State statutes and regulations including, but not limited to, the Immigration Reform and Control Act of 1986, 8 U.S.C. §1324 et seq., as they currently exist and as they may be hereafter amended. The Contractor shall retain all such documentation for all covered employees for the period prescribed by the law. The Contractor shall indemnify, defend with counsel approved in writing by County, and hold harmless, the County, its agents, officers, and employees from employer sanctions and any other liability which may be assessed against the Contractor or the County or both in connection with any alleged violation of any Federal or State statutes or regulations pertaining to the eligibility for employment of any persons performing work under this Contract.

  • Request for Review Within sixty (60) days after receiving notice from the Plan Administrator that a claim has been denied (in part or all of the claim), then claimant (or their duly authorized representative) may file with the Plan Administrator, a written request for a review of the denial of the claim. The claimant (or his duly authorized representative) shall then have the opportunity to submit written comments, documents, records and other information relating to the claim. The Plan Administrator shall also provide the claimant, upon request and free of charge, reasonable access to, and copies of, all documents, records and other information relevant (as defined in applicable ERISA regulations) to the claimant’s claim for benefits.

  • Timing of Plan Administrator Response The Plan Administrator shall respond in writing to such claimant within 60 days after receiving the request for review. If the Plan Administrator determines that special circumstances require additional time for processing the claim, the Plan Administrator can extend the response period by an additional 60 days by notifying the claimant in writing, prior to the end of the initial 60-day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Plan Administrator expects to render its decision.

  • Employment Eligibility Verification As required by IC § 22-5-1.7, the Contractor swears or affirms under the penalties of perjury that the Contractor does not knowingly employ an unauthorized alien. The Contractor further agrees that: A. The Contractor shall enroll in and verify the work eligibility status of all his/her/its newly hired employees through the E-Verify program as defined in IC § 22-5-1.7-3. The Contractor is not required to participate should the E-Verify program cease to exist. Additionally, the Contractor is not required to participate if the Contractor is self-employed and does not employ any employees. B. The Contractor shall not knowingly employ or contract with an unauthorized alien. The Contractor shall not retain an employee or contract with a person that the Contractor subsequently learns is an unauthorized alien. C. The Contractor shall require his/her/its subcontractors, who perform work under this Contract, to certify to the Contractor that the subcontractor does not knowingly employ or contract with an unauthorized alien and that the subcontractor has enrolled and is participating in the E-Verify program. The Contractor agrees to maintain this certification throughout the duration of the term of a contract with a subcontractor. The State may terminate for default if the Contractor fails to cure a breach of this provision no later than thirty (30) days after being notified by the State.

  • Timing of Administrator Response The Administrator shall respond to such Claimant within ninety (90) days after receiving the claim. If the Administrator determines that special circumstances require additional time for processing the claim, the Administrator can extend the response period by an additional ninety (90) days by notifying the Claimant in writing, prior to the end of the initial ninety (90) day period, that an additional period is required. The notice of extension must set forth the special circumstances and the date by which the Administrator expects to render its decision.

  • MATERNITY-RELATED REASSIGNMENT OR LEAVE a. An employee who is pregnant or nursing may, during the period from the beginning of pregnancy to the end of the fifty-second (52nd) week following the birth, request the Council to modify her job functions or reassign her to another job if, by reason of the pregnancy or nursing, continuing any of her current functions may poses a risk to her health or that of the foetus or child. b. An employee’s request under sub-clause (a) above must be accompanied or followed as soon as possible by a medical certificate indicating the expected duration of the potential risk and the activities or conditions to avoid in order to eliminate the risk. Dependant upon the particular circumstances of the request, the Council may obtain an independent medical opinion. c. An employee who has made a request under sub-clause (a) above is entitled to continue in her current job while the Council examines her request, but, if the risk posed by continuing any of her job functions so requires, she is entitled to be immediately assigned alternative duties until such time as the Council: i. modifies her job functions or reassigns her, or ii. informs her in writing that it is not reasonably practicable to modify her job functions or reassign her. d. Where reasonably practicable, the Council shall modify the employee’s job functions or reassign her. e. Where the Council concludes that a modification of job functions or a reassignment that would avoid the activities or conditions indicated in the medical certificate is not reasonably practicable, the Council shall so inform the employee in writing and shall grant leave of absence without pay to the employee for the duration of the risk as indicated in the medical certificate. However, such leave shall end no later than fifty two (52) weeks after the birth. f. An employee whose job functions have been modified, who has been reassigned or who is on leave of absence shall give at least two (2) weeks notice in writing to the Council of any change in duration of the risk or the inability as indicated in the medical certificate, unless there is a valid reason why that notice cannot be given. Such notice must be accompanied by a new medical certificate.

  • CAFA Notice Pursuant to 28 U.S.C. § 1715, not later than ten (10) days after the Agreement is filed with the Court, the Settlement Administrator shall cause to be served upon the Attorneys General of each U.S. State in which Settlement Class members reside, the Attorney General of the United States, and other required government officials, notice of the proposed settlement as required by law, subject to Paragraph 5.1 below.

  • Verification of Sick Leave The appointing officer or designee to whom application for sick leave is made may make such independent investigation as to the necessity for sick leave as is deemed proper and may require certification for any period of sick leave, provided that the employee has been previously notified in writing that such certification for absence of less than five working days shall be required. The Human Resources Director may at any time make such independent investigation as may be deemed proper regarding the illness of any person on sick leave.

  • Request for Hearing The employee must file a written request for hearing within fifteen calendar days of receipt of the Notice of Dismissal or Suspension. Filing means receipt in the office designated no later than regular close of business on the last day of the filing period. Failure to file such request in a timely manner shall be deemed a waiver of the right to a hearing and the proposed action shall be effective upon action by the Governing Board without notice or hearing except as may be required in a board meeting agenda.

  • Sick Leave Verification Process a. The new school district shall provide the employee with the necessary verification form at the time the employee receives confirmation of employment in the school district. b. An employee must initiate the sick leave verification process and forward the necessary verification forms to the previous school district(s) within ninety (90) days of commencing employment with the new school district. c. The previous school district(s) shall make every reasonable effort to retrieve and verify the sick leave credits which the employee seeks to port.

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