Offsetting Party definition

Offsetting Party is defined in Section 19.12 below.
Offsetting Party has the meaning set forth in Section 17.14 (Offsets)
Offsetting Party shall have the meaning given in Section 10.6.

Examples of Offsetting Party in a sentence

  • The Offsetting Party asserting an offset shall provide a prompt written explanation of the amount and the basis for the offset.

  • In the event that a Party owes the other Party (“Offsetting Party”) any amount under this Contract (less any amounts disputed in good faith pursuant to Section 19.5), the Offsetting Party owed such amount may at any time offset any and all amounts that are due and owed to the other Party against such amount that the other Party owes the Offsetting Party.

  • Intempus Parent Company IncWorksite agreement 2021_2022-RC Created: Status: Transaction ID: 08/12/2021 Signed 523359de-a45c-48c3-931e-1127b26bb556 "Intempus Parent Company IncWorksite agreement 2021_2022- RC" history Xxxxxxx Xxxxx created the document.

  • In the event that a Party owes the other Party (“Offsetting Party”) any amount under this Agreement, the Offsetting Party owed such amount may at any time offset any and all amounts that are due and owed to the other Party against such amount that the other Party owes the Offsetting Party.


More Definitions of Offsetting Party

Offsetting Party is defined in Section 8.2(e).

Related to Offsetting Party

  • Performing Party As defined in Section 11.12.

  • Defaulting Party has the meaning specified in Section 6(a).

  • Tax Indemnified Party shall have the meaning set forth in Section 7.6(d).

  • Tax Indemnitee as defined in Section 3.01(5).

  • Terminating Party As defined in Section 7.1(f).

  • Hedging Party means at any relevant time, the Issuer, or any of its affiliates or any other party providing the Issuer directly or indirectly with hedging arrangements in relation to the Notes as the Issuer may select at such time.

  • Purchasing Party means CIG Media LLC, NBC Universal, Inc. and their respective Affiliates.

  • Consenting Party means a Party who agrees to participate in and pay its share of the cost of an Exclusive Operation.

  • Tax Indemnifying Party shall have the meaning set forth in Section 7.6(d).

  • Producing Party means the parties to this action and any third-parties producing “Confidential Information” in connection with depositions, document production or otherwise, or the party asserting the confidentiality privilege, as the case may be.

  • Specified Party means the Administrative Agent, the Issuing Bank, the Swingline Lender or any other Lender.

  • Initiating Party shall have the meaning set forth in Article 13.

  • Defaulting Partner shall have the meaning set forth in Section 9.1.

  • Proposing Party has the meaning set forth in Section 5.2.2.4(a).

  • Transaction Party means the Company and each Guarantor, collectively, “Transaction Parties”.

  • Confirming Party means the party designated in the Base Contract to prepare and forward Transaction Confirmations to the other party.

  • Disputing Party has the meaning specified in Paragraph 5.

  • Settling Party means any one of, and “Settling Parties” means all of, the parties to the Stipulation, namely Defendants and Plaintiffs (on behalf of themselves and the Settlement Class).

  • Defaulting Purchaser means, subject to Section 2.11(c), any Purchaser that (a) has failed to (i) fund all or any portion of such Purchaser’s Pro Rata Share of any Payment Amount by the time such amount was required to be funded hereunder unless such Purchaser notifies the Administrative Agent and the Seller Representative in writing that such failure is the result of such Purchaser’s good faith determination that one or more of the conditions precedent to funding (specifically identified in writing and including the particular default if any) has not been satisfied, or (ii) pay to the Administrative Agent or any other Purchaser any other amount required to be paid by it hereunder within two Business Days of the date when such payment is due, (b) has notified the Seller Representative, any Seller, the Administrative Agent, or any Purchaser in writing that it does not intend to comply with its funding obligations hereunder, or has made a public statement to the effect that it does not intend to comply with any of its funding obligations under this Agreement (unless such writing or public statement indicates that such position is based on such Purchaser’s good faith determination that a condition precedent to funding (specifically identified and including the particular default, if any) cannot be satisfied) or generally under other agreements in which it commits to extend credit, (c) has failed, within three Business Days after written request by the Administrative Agent or the Seller Representative, to confirm in writing to the Administrative Agent and the Seller Representative that it will comply with its prospective funding obligations hereunder (provided that such Purchaser shall cease to be a Defaulting Purchaser pursuant to this clause (c) upon receipt of such written confirmation by the Administrative Agent and the Seller Representative) or (d) has, or has a direct or indirect parent company that has, (i) become the subject of an Insolvency Event; provided that a Purchaser shall not be a Defaulting Purchaser solely by virtue of the ownership or acquisition of any equity interest in that Purchaser or any direct or indirect parent company thereof by a Governmental Authority so long as such ownership interest does not result in or provide such Purchaser with immunity from the jurisdiction of courts within the United States or from the enforcement of judgments or writs of attachment on its assets or permit such Purchaser (or such Governmental Authority) to reject, repudiate, disavow or disaffirm any contracts or agreements made with such Purchaser. Any determination by the Administrative Agent that a Purchaser is a Defaulting Purchaser under any one or more of clauses (a) through (d) above shall be conclusive and binding absent manifest error, and such Purchaser shall be deemed to be a Defaulting Purchaser (subject to Section 2.11(c)) upon delivery of written notice of such determination to the Seller Representative and each Purchaser.

  • Defaulting Entity shall have the meaning set forth for such term in Section 6.02(a) hereof. “Deficiency Amount” shall have the meaning set forth for such term in Section 4.03(a) hereof. “Department” shall mean the South Carolina Department of Revenue.

  • Designating Party means the Party or non-party that designates Documents, Testimony, or Information as Confidential Material.

  • Financing Party means any and all Persons, or the agents or trustees representing them, providing senior or subordinated debt or tax equity financing or refinancing (including letters of credit, bank guaranties or other credit support).

  • Breaching Party has the meaning set forth in Section 12.2.

  • Contracting Party shall have the meaning designated in the preamble to Section 5.2 hereof.

  • Billing Party means the Party rendering a bill.

  • Determining Party For all applicable Extraordinary Events, Dealer. Non-Reliance: Applicable Agreements and Acknowledgments Regarding Hedging Activities: Applicable Additional Acknowledgments: Applicable