Set-Offs definition

Set-Offs means amounts set off by any Bank Creditor or any Noteholder by the exercise of any Set-Off Right.
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Set-Offs shall have the meaning assigned to such term in Section 5.3(i).
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Examples of Set-Offs in a sentence

  • The Company and the Parent will be entitled, at their option and not in lieu of any other remedies to which they may be entitled, to set off any amounts due Employee or any affiliate of Employee against any amount due and payable by Employee or any affiliate of Employee to the Company and the Parent ("Set-Offs") pursuant to this Agreement or otherwise, provided that the Set-Offs are set forth in detail in writing with supporting evidence to substantiate each Set-Off.

  • The Companies shall be entitled, at their option and not in lieu of any other remedies to which they may be entitled, to set off any amounts due Employee or any affiliate of Employee against any amount due and payable by Employee or any affiliate of Employee to the Companies ("Set-Offs") pursuant to this Agreement or otherwise, provided that the Set-Offs are set forth in detail in writing with supporting evidence to substantiate each Set-Off.

  • Sharing of Set-Offs...............................................

  • No claim for indemnification under this Article VII by the Immedica Indemnified Parties shall be asserted against, and the Immedica Indemnified Parties shall not be entitled to indemnification from, Aeglea or any of its Subsidiaries for a claim for indemnification under Article VII (other than in respect of the Excluded Indemnity Matters, but subject to the proviso in this Section 7.6) except to the extent such recourse is limited to Milestone Set-Offs.

  • In the event that Governmental Fees are outstanding at such times that Company becomes eligible for Incentives, Incentives shall be funded in the form of Set-Offs.

  • Pro Rata Treatment; Sharing of Set-Offs...........................

  • Except with respect to Permitted Set-Offs as defined in Section 4.7 hereof, the Mortgagor will punctually pay the Indebtedness in immediately available funds as provided herein, in the Note or in any other loan documents (the "Loan Documents") delivered to the Mortgagee in connection with the loan (the "Loan") evidenced by the Note, all in the coin and currency of the United States of America which is legal tender for the payment of public and private debts.

  • Right of Set-off; Sharing of Set-Offs.............................................

  • Pro Rata Treatment; Sharing of Set-Offs.................................................

  • Include Attachment C – Tabulation of Set-Offs in the Application for Payment.

Related to Set-Offs

  • 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.

  • Offsets means any condition or undertaking that encourage local development or improve a Party's balance-of-payments accounts, such as the use of domestic content, the licensing of technology, investment, counter-trade, and similar actions;

  • offset [948,955]},{"key":"guaranty-of","type":"definition","offset":[958,969]},{"key":"the-lease","type":"clause","offset":[970,979]},{"key":"a-form","type":"definition","offset":[983,989]},{"key":"by-buyer-and-

  • Deemed Collections has the meaning set forth in Section 4.01(d).

  • Equitable Defenses means any bankruptcy, insolvency, reorganization and other laws affecting creditors’ rights generally, and with regard to equitable remedies, the discretion of the court before which proceedings to obtain same may be pending.