Offset Privilege Clause Samples
Offset Privilege. The Fund may offset against any monetary obligation owing from the Fund to any Members or Manager any monetary obligation then owing from that Member or Manager to the Fund; provided, however, that the offset right will only apply to any monetary obligation owed to that Member or Manager in their capacity as a Member or Manager.
Offset Privilege. Any monetary obligation owing from the Company to any Member or Manager may be offset by the Company against any monetary obligation then owing from that Member or Manager to the Company.
Offset Privilege. 39 13.4 Arbitration..................................................................................39 (a) General..................................................................................39 (b) Governing Law............................................................................40 (c) Costs of Arbitration.....................................................................40 13.5
Offset Privilege. The Company may offset against any monetary obligation owing from the Company to any Member, Economic Interest Holder or Manager any monetary obligation then owing from that Member, Economic Interest Holder or Manager to the Company.
Offset Privilege. Any monetary obligation owing from the Contractor to the Subcontractor hereunder may be offset by the Contractor against any monetary obligation then owing from the Subcontractor to the Contractor.