Common use of Recovery of Money Clause in Contracts

Recovery of Money. Whenever, under the Contract, any sum of money shall be recoverable from or payable by the Contractor to the MDFA, the same amount may be deducted from any sum due to the Contractor under the Contract or under any other Contract between the Contractor and the MDFA. The rights of the MDFA are in addition and without prejudice to any other right the MDFA may have to claim the amount of any loss or damage suffered by the MDFA on account of the acts or omissions of the Contractor.

Appears in 3 contracts

Samples: Financial Audit Services Contract, Life Insurance Consulting Services Contract, Excess Workers’ Compensation Insurance Brokerage Services Contract

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Recovery of Money. Whenever, under the Contract, any sum of money shall be recoverable from or payable by the Contractor to the MDFA, the same amount may be deducted from any sum due to the Contractor under the Contract or under any other Contract contract between the Contractor and the MDFA. The rights of the MDFA are in addition and without prejudice to any other right the MDFA may have to claim the amount of any loss or damage suffered by the MDFA on account of the acts or omissions of the Contractor.

Appears in 2 contracts

Samples: Design, Print, and Direct Mail Services Contract, Design, Print, and Direct Mail Services Contract

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