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.
Appears in 3 contracts
Sources: Limited Liability Company Agreement (Internetstudios Com Inc), Limited Liability Company Agreement (Internetstudios Com Inc), Limited Liability Company Agreement (Internetstudios Com Inc)