Setoff Amount definition

Setoff Amount has the meaning set forth in Section 10.4.4(b).
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Setoff Amount has the meaning set forth in Section 16.6.1 (Genzyme’s Right to Setoff).
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Setoff Amount means any funds of a Credit Party which are setoff by a Secured Creditor against the Obligations.
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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.

  • To the extent that on the first anniversary of the Closing Date the sum of the Distribution Payable and the Credit Amount exceeds any amounts Buyer owes to Seller under Section 5.9, Buyer may at its option set off any such excess amount (the "Setoff Amount") against the Purchase Note (as hereinafter described) or require Seller to pay in cash, such excess amount.


More Definitions of Setoff Amount

Setoff Amount has the meaning set forth in Section 2.3.2 below.
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Setoff Amount shall have the meaning set forth in Section 9.4.
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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.
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Setoff Amount shall have txx xxxxxng set forth in Section 9.04.
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Setoff Amount shall have the meaning given to it in Section 9.08(a).
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Setoff Amount means, notwithstanding the waiver of any right of setoff or other similar claim which an account debtor may have agreed to with respect to any Eligible Receivable (the “Setoff Waiver”), as of the relevant date of determination, the amount of such Eligible Receivable which would be subject to a right of setoff or similar claim to the extent such Setoff Waiver is not enforced or did not exist.
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Setoff Amount has the meaning set forth in Section %/. .
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