Netting as Payment. To the extent allowed under local law, netting of any amount payable under this Agreement as against existing accounts payable and accounts receivable shall be acceptable payment, effective as of the date of the netting on the books of the Member and Company.
Appears in 2 contracts
Samples: Limited Liability Company Agreement (Jukebox Hits Vol. 1 LLC), Limited Liability Company Agreement (Jukebox Hits Vol. 1 LLC)
Netting as Payment. To the extent allowed under local law, netting of any amount payable under this Agreement as against existing accounts payable and accounts receivable shall be acceptable payment, effective as of the date of the netting on the books of the Member Service Provider and CompanyService Recipient.
Appears in 2 contracts
Samples: Administrative Services Agreement (Jukebox Hits Vol. 1 LLC), Administrative Services Agreement (Jukebox Hits Vol. 1 LLC)
