Offset Payments Sample Clauses
The Offset Payments clause allows parties to deduct amounts owed to each other, so that only the net balance is paid. In practice, if both parties have payment obligations to one another—such as mutual debts or credits—this clause enables them to offset these amounts rather than making separate payments. This mechanism streamlines financial transactions, reduces administrative burden, and minimizes the risk of default by ensuring that only the net amount is exchanged.
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Offset Payments. Each Party shall be entitled to offset against its obligation to make any payment contemplated by this Agreement any amount owed to such Party by the other Party or any of its Affiliates pursuant to the Side Letter or this Agreement.
Offset Payments. The Company’s obligation to continue the Executive’s cash compensation from the date of a Total Disability to the Disability Termination Date shall be reduced by (a) all amounts paid to Executive under disability income insurance policies made available to the Executive by the Company and (b) by all amounts received by the Executive from Social Security disability benefits.
Offset Payments. Until the Term Note, along with accrued interest and expenses, is paid in full, the amount of any payment that Sabre is obligated to make to Company shall be set off against any amounts due and owing under this Term Note Agreement. COMPANY'S OBLIGATIONS UNDER THIS AGREEMENT ARE NOT, HOWEVER, CONDITIONED UPON THE EXISTENCE OR THE AMOUNT OF INCENTIVE PAYMENTS AND SHALL SURVIVE THE TERMINATION OF THE CRS CONTRACT. Without limiting the foregoing, if the amount payable under this Agreement at any time exceeds the Incentive Payment payable at such time, then the excess amount payable under this Agreement shall be due and payable in accordance with the terms of this Agreement. Notwithstanding any provisions to the contrary, the right of Company to receive an Incentive Payment earned for any 30-day period shall not accrue until Sabre determines the amount of such Incentive Payment and the Payment Date with respect to such Incentive Payment.
Offset Payments. Any offset payments made by Tenant and accepted by Landlord for either or both demolition costs and/or New Red River are specific to such demolition and New Red River, and neither establish precedent for, nor create any option for, the future offset of Base Rent and Additional Rent otherwise due from Tenant to Landlord under this Agreement.
Offset Payments. 8 8. Executive's Option to Terminate Agreement......................... 8 9.