Setoff Amount definition

Setoff Amount has the meaning set forth in Section 11.3.3.

Setoff Amount has the meaning set forth in Section 12.10.

Setoff Amount has the meaning set forth in Section 16.6.1 (Genzyme’s Right to Setoff).

Examples of Setoff Amount in a sentence

• The Setoff Amount of each Holding Lender is a secured claim pursuant to section 506(a)(1) of the Bankruptcy Code.

• Without prejudice to the entitlement to set-off by Terumo under this Section, IceCure may notify in writing to Terumo within five (5) Business Days from the receipt of said notice from Terumo if IceCure reasonably believes that the Set-off Amount is inconsistent with this Section 7.3, and upon receipt such notice by Terumo, the Parties will mutually discuss to find whether the amount is inconsistent with this Section 7.

• Genzyme shall use commercially reasonable efforts to mitigate its losses, damages and expenses that are subject to setoff pursuant to this Section 16.6. For clarity, in no event shall Voyager be obligated to pay any amounts to Genzyme under this Section 16.6, and Genzyme shall not be entitled to a Setoff Amount which is in excess of any amounts owed to Voyager pursuant to Section 12 (Financial Terms; Royalty Reports; Payments and Audits).

• Each Secured Creditor agrees to promptly forward any Mandatory Repayment Amount or Setoff Amount it receives to the Collateral Agent for deposit into, and distribution from, the Collateral Account, in accordance with the terms of this Agreement.

• Revolving Facility Obligations in excess of its pro rata share, the claim of the Revolving Lenders in the Revolving Facility Obligations is effectively secured to the extent of the Setoff Amount and such secured claim inures to the benefit of the Revolving Lenders pro rata based on their Revolving Facility Obligations.

More Definitions of Setoff Amount

Setoff Amount means any funds of a Credit Party which are setoff by a Secured Creditor against the Obligations.

Setoff Amount has the meaning set forth in Section 2.3.2 below.

Setoff Amount means the aggregate amount of all claims Finally Determined to be payable to Parent Indemnified Parties under Article VIII, which in no event shall exceed [***] Dollars ($[***]), subject to the provisions of Section 8.6 of this Agreement.

Setoff Amount shall have the meaning set forth in Section 9.4.

Setoff Amount shall have the meaning given to it in Section 9.08(a).

Setoff Amount is defined in Section 8.6(a).

Setoff Amount shall have txx xxxxxng set forth in Section 9.04.