Right to Offset definition

Right to Offset. Without limiting Seller’s other rights and remedies, Seller has the right to set off and/or net its obligations under the Agreement against any debts, claims or obligations owed by Buyer to Seller.
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Right to Offset. We may withhold from payment owed to you any amount due to us from you under the indemnification provision, any other provision of this Agreement, or due to a breach of this Agreement in the performance of this agreement or as to any breach of a duty to indemnify.
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Right to Offset or “Right of Set-Off”: If you ever owe us money and it is due, we may, to the extent we have a right under the law or under an agreement with you, use the money from any of your accounts with us, including joint accounts, to pay the debt, even if withdrawing the money results in an interest penalty to you. If any joint account holder owes us money and it is due, we may use the money from the joint account to pay the debt. The use of your funds to pay a debt you or a joint account owner owes to us is referred to as our “right to offset” or “right of set-off.” Any garnishment or levy against your account is subject to our right to offset within applicable laws. Rules, Regulations, and Other Agreements: The U.S. Treasury requires financial institutions to verify their customers’ identities and obtain certifications of valid taxpayer identification or employer identification numbers. If we do not receive such a certification within 60 calendar days of account opening, we will close the account and mail the proceeds to the account holder.
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Examples of Right to Offset in a sentence

  • LSM may, in its sole discretion, and without prior notice or demand to Broker, take an offset against any monies due for any reason from LSM to Broker for any reimbursement amount due from broker to LSM as a result of any application of the EPO/EPD Policy, and any such offset taken by LSM shall not under any circumstances constitute or be deemed to be an accord and satisfaction Non-waiver of Remedies, Right to Offset.

  • Members of the Railroad Clearinghouse (RCH) should refer to Railroad Clearinghouse Settlement Regulation 3.5 for authority and time limits concerning the Right to Offset.

  • Letter and copies of the return receipt must be furnished to the RCH Administrator prior to enactment of Right to Offset.

  • Notwithstanding any other provision, in no event shall DISTRICT be liable, regardless of whether any claim is based on contract or tort, for any special, consequential, indirect or incidental damages, including but not limited to lost profits or revenue, arising out of or in connection with the AGREEMENT.13.7. Reserve Right to Offset.

  • Right to Offset: TNG wholesale distribution centers are entitled to offset credits due us for returned amounts against amounts otherwise due to the Suppliers.

  • If Buyer fails to pay the additional deposit within three (3) business days of receiving such written notice from Seller, Seller has the right to cancel this Sales Contract and exercise its rights pursuant to Section 12 (Right to Offset) above.

  • Right to Offset The State reserves the right to offset from any amounts otherwise payable to the Contractor under this Participating Agreement any amounts of taxes owed by Contractor to the State as required or permitted by NH RSA 80:7 through 7-C or any other provision of law.

  • Right to Offset Against Any Contract Payments for Delinquent Obligations A.

  • Final terms of service provision, including duties and responsibilities of Contractors and WJC, Term of Performance, Compensation, Dispute Resolution, Events of Default, Remedies, Termination, Suspension and Right to Offset, Notifications, and any other Specific Conditions, shall be governed by a Service Agreement.

  • Prior to or concurrently with the execution and delivery of this Agreement (or such later date as the Majority Lenders shall request), the Borrower shall (a) file such financing statements and other documents in such offices as any Lender may request to perfect the security interests granted by Section 2.1 hereof and (b) deliver to either Lender all certificates identified in Annex 1 hereto, accompanied by undated stock powers duly executed in blank.

Related to Right to Offset

  • Exclusive Right to Sell listing means that if you, the owner of the property, find a buyer for your house, or if another broker finds a buyer, you must pay the agreed commission to the present broker.

  • Right shall have the meaning set forth in the second paragraph hereof.

  • offset [2707,2711]},{"key":"replacement-guarantor","type":"clause","offset":[2731,2752]},{"key":"of-seller","type":"clause","offset":[2833,2842]},{"key":"date-of","type":"clause","offset":[2853,2860]},{"key":"based-on-the","type":"clause","offset":[2906,2918]},{"key":"most-recent","type":"definition","offset":

  • Right of Reference means the “right of reference” defined in 21 CFR 314.3(b), including with regard to a Party, allowing the applicable Regulatory Authority in a country to have access to relevant information (by cross-reference, incorporation by reference or otherwise) contained in Regulatory Documentation (and any data contained therein) filed with such Regulatory Authority with respect to a Party’s Compound, only to the extent necessary for the conduct of the Study in such country or as otherwise expressly permitted or required under this Agreement to enable a Party to exercise its rights or perform its obligations hereunder.

  • right to information means the right to information accessible under this Act which is held by or under the control of any public authority and includes the right to—

  • right of access means the right to be admitted to invest in the territory of the other Contracting Party, subject to the limits resulting from international agreements binding on both Contracting Parties.

  • Election to Foreclose Any election by the Purchaser to proceed with the Commencement of Foreclosure, made in accordance with Section 2.03(a).

  • Cover Damages means, with respect to any Delivery Failure, an amount equal to (a) the positive net amount, if, any, by which the Replacement Price exceeds the applicable Price that would have been paid pursuant to Section 5.1 hereof, multiplied by the quantity of that Delivery Failure, plus (b) any applicable penalties and other costs assessed by ISO-NE or any other Person against Buyer as a result of Seller’s failure to deliver such Products in accordance with the terms of this Agreement. Buyer shall provide a statement for the applicable period explaining in reasonable detail the calculation of any Cover Damages.

  • Punitive Damages are those damages awarded as a penalty, the amount of which is neither governed nor fixed by statute.

  • Rejection Damages Claim means any Claim on account of the rejection of an Executory Contract or Unexpired Lease pursuant to section 365 of the Bankruptcy Code or the repudiation of such contract.

  • Compensation Options has the meaning ascribed in Section 8.1.

  • Attorneys’ Fees means the full and actual cost of any legal services actually performed in connection with the matter involved calculated on the basis of the usual fee charged by the attorney performing such services and shall not be limited to "reasonable attorneys' fees" as defined in any statute or rule of court.

  • Minimum Essential Coverage has the meaning given in the Affordable Care Act, 26 U.S.C. §5000A(f).

  • Termination Option means the option of either party to terminate a transaction in the event that the other party fails to perform a Firm obligation to deliver Gas in the case of Seller or to receive Gas in the case of Buyer for a designated number of days during a period as specified on the applicable Transaction Confirmation.

  • Direct threat means a significant risk of substantial harm to the health or safety of the individual or others that cannot be eliminated or reduced by reasonable accommodation. The de- termination that an individual poses a ‘‘direct threat’’ shall be based on an in- dividualized assessment of the individ- ual’s present ability to safely perform the essential functions of the job. This assessment shall be based on a reason- able medical judgment that relies on the most current medical knowledge and/or on the best available objective evidence. In determining whether an individual would pose a direct threat, the factors to be considered include:

  • Compensatory Damages are those amounts awarded to compensate for the actual damages sustained, and are not awarded as a penalty, nor fixed in amount by statute.

  • Limitation of Liability PrimePay has negotiated preferred terms and conditions with FD as a service to PrimePay Clients. Client understands that FD, and not PrimePay, will be performing those services and that Client will enter its own service agreement(s) with FD for such services under terms and conditions specified by FD and agreed to by Client. Accordingly, Client acknowledges that FD shall be the provider of Payment Processing Services hereunder and that PrimePay shall have no liability whatsoever for or related to the performance of those services, including any and all damages, costs and related expenses (including attorney fees).

  • right of use means any right we have to use, in our own name and on our own account or the account of another counterparty, financial instruments received by us by way of collateral under a security collateral arrangement between you and us;

  • Right of Others means, as to any Property in which a Person has an interest, any legal or equitable right, title or other interest (other than a Lien) held by any other Person in that Property, and any option or right held by any other Person to acquire any such right, title or other interest in that Property, including any option or right to acquire a Lien; provided, however, that (a) no covenant restricting the use or disposition of Property of such Person contained in any Contractual Obligation of such Person and (b) no provision contained in a contract creating a right of payment or performance in favor of a Person that conditions, limits, restricts, diminishes, transfers or terminates such right shall be deemed to constitute a Right of Others.

  • Maximum Liability has the meaning assigned to such term in Section 10.10.

  • Aggregate Limit shall have the meaning assigned to such term in Section 1.1 hereof.

  • AND LIABILITY LIMITS State Street shall assume no responsibility for lost interest with respect to the refundable amount of any unauthorized payment order, unless State Street is notified of the unauthorized payment order within thirty (30) days of notification by State Street of the acceptance of such payment order. In no event shall State Street be liable for special, indirect or consequential damages, even if advised of the possibility of such damages and even for failure to execute a payment order.

  • Indemnity Obligations means all obligations of the Company to Indemnitee under this Agreement, including the Company’s obligations to provide indemnification to Indemnitee and advance Expenses to Indemnitee under this Agreement.

  • Summary of Rights shall have the meaning set forth in Section 3(b) hereof.

  • Required Percentage-Remedies shall be 66-2/3% of the aggregate Voting Rights.

  • Indemnification Obligations means each of the Debtors’ indemnification obligations in place as of the Effective Date, whether in the bylaws, certificates of incorporation or formation, limited liability company agreements, other organizational or formation documents, board resolutions, management or indemnification agreements, or employment or other contracts, for their current and former directors, officers, managers, members, employees, attorneys, accountants, investment bankers, and other professionals and agents of the Debtors.