Common use of Limited Offset Clause in Contracts

Limited Offset. Each Party to this Agreement may offset any amount due to any other Party or any of such other Parties’ Affiliates under this Agreement against any amount owed from such other Party or its Affiliates under this Agreement; provided that no Party to this Agreement may offset any amount due to any other Parties hereto or any of such other Parties’ Affiliates under this Agreement against any amount owed or alleged to be owed from such other Party or its Affiliates under any other Transaction Agreement without the written consent of such other Party.

Appears in 3 contracts

Sources: Master Agreement (Enstar Group LTD), Master Agreement (Enstar Group LTD), Master Agreement (Maiden Holdings, Ltd.)