Credit/Offset Clause Samples
Credit/Offset. All Option Payments paid to Owner shall be a credit against the Purchase Price as provided in Section 4.1.
Credit/Offset. If any Product delivered by ARx hereunder is determined to be non-conforming, then ARx shall replace the non-conforming Product with substitute Product that conforms with the requirements of this Agreement within [*****] from the date of such request or as soon as reasonably possible. At ARx’s expense, Cynapsus shall, in accordance with ARx’s written instructions, return or destroy all non-conforming Product.
Credit/Offset. If you are notified in writing, the Account (or any one of them) may earn a credit based on the average collected balance that is maintained. The fees and charges for each such account may be offset with this earnings credit.
Credit/Offset. All Minimum Royalties paid to Owner shall be credited against any Production Royalties (as described below) that accrue. In the event no Minerals are produced from the Premises, Owner shall have no obligation to refund Minimum Royalties.