Offsetting Agreement definition

Offsetting Agreement means an agreement of the Contracting Parties to offset the Contracting Parties’ receivables against each other resulting from the early termination of a Transaction.
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Examples of Offsetting Agreement in a sentence

  • Evident errors made in the Confirmation shall not affect the agreed conditions and parameters of a concluded Transaction or the Offsetting Agreement, and the Bank undertakes to issue a new Confirmation in which the evident errors are corrected.

  • The Bank shall, without undue delay and no later than by the end of the Business Day following the conclusion of the Transaction, Offsetting Agreement, or execution of a Client’s Order, issue a Confirmation, i.e. a written confirmation or a confirmation made on a durable medium concerning the conclusion of the Transaction, Offsetting Agreement, or the execution of the Client’s Order.

  • The purpose of the Confirmation issued by the Bank is only to record and confirm the agreed parameters of the already concluded Transaction, or the Offsetting Agreement, and any failure to issue, delayed issue or failure to sign of the Confirmation shall not affect the validity and the binding nature of the Transaction.

  • The decrease in current liabilities was mainly due to a decrease in trade and other payables of S$2.5 million attributable primarily to the Offsetting Agreement of S$1.8 million, net payments made to the Vendors in relation to the Acquisition of S$373,000, decrease in accrual of project costs for the Group’s provision of integrated security solutions of S$85,000, and payments to suppliers for office renovation expenses incurred in relation to the new premises and professional fees of S$183,000.

  • Lynda Thornton, Clerk-Treasurer: CKLAG Offsetting Agreement Renewal That Council receive the CIBC Banking & Offsetting report; and, That Council approve the arrangement renewal option with CIBC to October 30, 2025 and that the Mayor and Clerk-Treasurer be authorized to sign the agreement.

  • By Resolution No. 1669/04, the Bank’s Board of Directors approved the subscription of the “Supplementary Agreement to the Debt Offsetting Agreement dated November 28, 2002”, which includes BMLP Trust debt securities for NV $10,000.

  • Pursuant to the terms of the Offsetting Agreement, BLCM, the Purchasers and BLHM agree to offset the net consideration of RMB 2,765,752.96 payable by BLCM to BLHM in relation to the Transfers against the consideration of RMB 2,765,752.96 payable by the Purchasers to BLCM in relation to the Disposal.

  • Conditional approval, as per officer recommendation, with three additional conditions and subject to the applicant completing a Biodiversity Offsetting Agreement, with an estimated cost of £39,630, by way of a Section 106 Agreement.

  • The decrease in current liabilities was mainly due to:- a) a decrease in trade payables of S$1.7 million attributable primarily to the Offsetting Agreement; and b) a decrease in other payables of S$770,000 mainly due to payments made in July 2016 to the Vendors in relation to the Acquisition amounting to S$485,000; payments to suppliers for office renovation expenses incurred in relation to the New Office and professional fees in aggregate of S$183,000.

  • The USD 500,000 fee payable to Crescat was offset, by way of a Netting and Offsetting Agreement between Africa International Capital Ltd on behalf of Angola International Capital and Crescat, against the receivable due from Crescat for a USD 500,000 issue of shares.

Related to Offsetting Agreement

  • Netting agreement means a netting agreement, master netting agreement or other similar document having the same effect as a netting agreement or master netting agreement and, as applicable, any collateral annex, security agreement or other similar document related to any master netting agreement or Permitted Contract.

  • MCIP Agreement means the Agreement for the Development of a Joint County Industrial and Business Park (2010 Park) dated as of December 1, 2010, as amended, between the County and Xxxxxxxx County, South Carolina, as the same may be further amended or supplemented from time to time, or such other agreement as the County may enter with respect to the Project to offer the benefits of the Special Source Revenue Credits to the Company hereunder.

  • Restructuring Agreement shall have the meaning set forth in the recitals.

  • Transaction Agreement has the meaning set forth in the recitals.

  • Master Transaction Agreement has the meaning set forth in the recitals.

  • leasing agreement means an agreement by which one person (the lessor) grants a right to possession or control of an object (with or without an option to purchase) to another person (the lessee) in return for a rental or other payment;

  • Payment Agreement means a written agreement which provides

  • Lock-Up Agreement means the Lock-Up Agreement, dated as of the date hereof, by and among the Company and the directors, officers and 5% stockholders of the Company, in the form of Exhibit C attached hereto.

  • SCM Agreement means the Agreement on Subsidies and Countervailing Measures in Annex 1A to the WTO Agreement;

  • Allocation Agreement or “Agreement” shall mean this NMTC Program Allocation Agreement between the Fund and the Allocatee and Subsidiary Allocatee, as the case may be, including the Organization Specific Terms and Conditions (Schedule 1) and the General Allocation Terms and Conditions (Schedule 2) and any attachments hereto, as such Agreement may, from time to time, be amended in accordance with its terms.

  • Tax Sharing Agreement means all existing agreements or arrangements (whether or not written) binding the Company or any of its Subsidiaries that provide for the allocation, apportionment, sharing or assignment of any Tax liability or benefit, or the transfer or assignment of income, revenues, receipts, or gains for the purpose of determining any person’s Tax liability (excluding any ordinary course agreement the principal purposes of which does not relate to Taxes).

  • netting arrangement means an arrangement under which a number of claims or obligations can be converted into a single net claim, including close-out netting arrangements under which, on the occurrence of an enforcement event (however or wherever defined) the obligations of the parties are accelerated so as to become immediately due or are terminated, and in either case are converted into or replaced by a single net claim, including ‘close-out netting provisions’ as defined in point (n)(i) of Article 2(1) of Directive 2002/47/EC and ‘netting’ as defined in point (k) of Article 2 of Directive 98/26/EC;

  • Post-Closing Agreement shall have the meaning set forth in Section 8.9.

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Support Agreement has the meaning set forth in the Recitals.

  • Purchase Agreement Assignment means that certain Purchase Agreement Assignment [NW 1997 J], dated as of March 18, 1998, between Lessee and Lessor, as the same may be amended, supplemented or modified from time to time, with a form of Consent and Agreement to be executed by the Manufacturer attached thereto.

  • Subsequent Transfer Agreement A Subsequent Transfer Agreement substantially in the form of Exhibit P hereto, executed and delivered by the Sellers, the Depositor and the Trustee as provided in Section 2.01(d).

  • Replacement Agreement means an agreement entered into as a replacement for any Relevant Agreement;

  • Factoring Agreement means any factoring agreement by and between Borrower and/or any Restricted Subsidiary and a Factor.

  • Concession Agreement means the Concession Agreement referred to in Recital (A) above and annexed hereto as Annex-A, and shall include all of its Recitals and Schedules and any amendments made thereto in accordance with the provisions contained in this behalf therein;

  • Intercompany Subordination Agreement means an intercompany subordination agreement, dated as of even date with the Agreement, executed and delivered by Borrower, each of its Subsidiaries, and Agent, the form and substance of which is reasonably satisfactory to Agent.

  • scheduled agreement means the agreement of which a copy is set out in Schedule 1;

  • Existing Agreements has the meaning as set forth in Section 3.2 hereof.

  • Joint Agreement means a type of Fund Use Agreement between the Consortium and the Fund Council that sets forth an umbrella set of terms and conditions that govern principally the submission and approval of CRP proposals and the transfer and use of funds from the CGIAR Fund for implementation of CRPs.

  • Tax Allocation Agreement means the Tax Allocation Agreement between Corporation and New D&B.

  • Formation Agreement has the meaning attributed to it in Recital A;