Set-off means set-off, offset, combination of accounts, right of retention or withholding or similar right or requirement to which the payer of an amount under Section 6 is entitled or subject (whether arising under this Agreement, another contract, applicable law or otherwise) that is exercised by, or imposed on, such payer.
Set-off means the reduction by NYSERDA of a payment due a Contractor by an amount equal to the amount of an unpaid legally enforceable debt owed by the Contractor to NYSERDA.
Set-off means the reduction by the Authority of a payment due a Contractor by an amount equal to the amount of an unpaid legally enforceable debt owed by the Contractor to the Authority.
Examples of Set-off in a sentence
Where the Client has such floating debit balances on its Account, the Firm will not allow the Client to enter into Transactions with its available funds in excess of the net balance (available funds less floating debit obligations at the Firm's elected rate of exchange); and • the provisions of this Clause 12 (Payment, Withdrawal and Set-Off) of Annex A does not restrict the Firm's right of set-off at Clause 11 of the Terms or where otherwise provided under the Terms.
The Client should be aware that the Firm can exercise its right of set-off at any time and for any reason irrespective of the provisions of this Clause 12 (Payment, Withdrawal and Set-Off) of Annex A.
More Definitions of Set-off
Set-off is defined in Section 12.7 hereof.
Set-off means any set-off, off-set, rescission, counterclaim, reduction, deduction or defense.
Set-off means set-off, offset, combination of accounts, right of retention or withholding or similar right or requirement to which the payer of an amount under Section 6 is entitled or subject (whether arising under this agreement, another contract, applicable law or otherwise) that is exercised by, or imposed on, such payer.
Set-off means the reduction by the CUCF of a payment due to a contractor by an amount equal to the amount of an unpaid legally enforceable debt owed by the contractor to the CUCF.
Set-off means set-off, offset, combination of accounts, right of retention or deducting, netting, recouping, withholding or similar right or requirement to which a party is entitled or subject (whether arising under this Agreement, any Transaction, applicable law or otherwise) that is exercised by, or imposed on, such party;
Set-off means any set-off, off-set, reduction or similar deduction.
Set-off means set-off, netting, counterclaim, abatement or other similar remedy and, if "Set Off" is used as a verb in these Conditions, it shall be construed accordingly.