Right of Set-off and Withholding Sample Clauses

Right of Set-off and Withholding. Under reasonable grounds as set forth below, Xxxxxxxx agrees that BBMSL shall be entitled, at its sole discretion, reserves the right to charge and set-off any liabilities at any time without prior notice to the Merchant. The circumstances under BBMSL and Payment Services’ Partners may exercise its rights from the following Clause, including but not limited to:-
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Right of Set-off and Withholding. With respect to Losses arising under Section 11.1 that have been determined by mutual agreement of the parties hereto, or by final and binding decision of an arbitrator or court of competent jurisdiction, without any further right of appeal, the Purchaser Indemnitees shall be entitled to set off the amount of any such Losses against the Deferred Payment Amount and any amount payable to a Purchaser Indemnitee pursuant to the Joint Issues and Reverse Earn Out Payment Agreement. Further, if at the time Purchaser is required to pay any amount in accordance with Article 6 of the Joint Issues and Reverse Earn Out Payment Agreement, a Purchaser Indemnitee has provided a Claim Notice, Purchaser Indemnitees shall be entitled to withhold a portion of such payment in an amount equal to the Claimed Amounts, until such time as the validity and the amount of such claim(s) is determined in accordance with the terms of this Agreement. ARTICLE XII
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Right of Set-off and Withholding. With respect to Losses arising under Section 11.1 that have been determined by mutual agreement of the parties hereto, or by final and binding decision of an arbitrator or court of competent jurisdiction, without any further right of appeal, the Purchaser Indemnitees shall be entitled to set off the amount of any such Losses against any amount payable to a Purchaser Indemnitee pursuant to the Joint Issues and Reverse Earn Out Payment Agreement. Further, if at the time Purchaser is required to pay any amount in accordance with Article 6 of the Joint Issues and Reverse Earn Out Payment Agreement, a Purchaser Indemnitee has provided a Claim Notice, Purchaser Indemnitees shall be entitled to
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Related to Right of Set-off and Withholding

  • Right of Set-off Upon (i) the occurrence and during the continuance of any Event of Default and (ii) the making of the request or the granting of the consent specified by Section 6.01 to authorize the Agent to declare the Notes due and payable pursuant to the provisions of Section 6.01, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender or such Affiliate to or for the credit or the account of the Borrower against any and all of the obligations of the Borrower now or hereafter existing under this Agreement and the Note held by such Lender, whether or not such Lender shall have made any demand under this Agreement or such Note and although such obligations may be unmatured. Each Lender agrees promptly to notify the Borrower after any such set-off and application, provided that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each Lender and its Affiliates under this Section are in addition to other rights and remedies (including, without limitation, other rights of set-off) that such Lender and its Affiliates may have.

  • Withholdings; Right of Offset The Company may withhold and deduct from any benefits and payments made or to be made pursuant to this Agreement (a) all federal, state, local and other taxes as may be required pursuant to any law or governmental regulation or ruling, (b) all other normal employee deductions made with respect to Company’s employees generally, and (c) any advances made to Executive and owed to Company.

  • Right of Set-Off; Adjustments Upon the occurrence and during the continuance of any Event of Default, each Lender (and each of its Affiliates) is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other indebtedness at any time owing by such Lender (or any of its Affiliates) to or for the credit or the account of any Credit Party against any and all of the obligations of such Person now or hereafter existing under this Credit Agreement, under the Notes, under any other Credit Document or otherwise, irrespective of whether such Lender shall have made any demand under hereunder or thereunder and although such obligations may be unmatured. Each Lender agrees promptly to notify any affected Credit Party after any such set-off and application made by such Lender; provided, however, that the failure to give such notice shall not affect the validity of such set-off and application. The rights of each Lender under this Section 11.2 are in addition to other rights and remedies (including, without limitation, other rights of set-off) that such Lender may have.

  • Right of Setoff If an Event of Default shall have occurred and be continuing, each Lender and each of its Affiliates is hereby authorized at any time and from time to time, to the fullest extent permitted by law, to set off and apply any and all deposits (general or special, time or demand, provisional or final) at any time held and other obligations at any time owing by such Lender or Affiliate to or for the credit or the account of the Borrower against any of and all the obligations of the Borrower now or hereafter existing under this Agreement held by such Lender, irrespective of whether or not such Lender shall have made any demand under this Agreement and although such obligations may be unmatured. The rights of each Lender under this Section are in addition to other rights and remedies (including other rights of setoff) which such Lender may have.

  • Withholding Taxes; Section 83(b) Election (a) The Participant acknowledges and agrees that the Company has the right to deduct from payments of any kind otherwise due to the Participant any federal, state or local taxes of any kind required by law to be withheld with respect to the purchase of the Shares by the Participant or the lapse of the Purchase Option.

  • No Withholding The transaction contemplated herein is not subject to the tax withholding provisions of Section 3406 of the Code, or of Subchapter A of Chapter 3 of the Code or of any other provision of law.

  • Xxx Withholding Notwithstanding any other provision of this Agreement, the Company may withhold from amounts payable under this Agreement all federal, state, local and foreign taxes that are required to be withheld by applicable laws or regulations.

  • No withholdings The Issuer is not required to make any deduction or withholding from any payment which it may become obliged to make to the Bond Trustee or the Bondholders under this Bond Agreement.

  • No Right of Set-Off The Trustee waives any right of set-off or any right, title, interest or claim of any kind that the Trustee may have against the Property held in the Trust Account. In the event the Trustee has a claim against the Company under this Agreement, including, without limitation, under Section 3(b), the Trustee will pursue such claim solely against the Company and not against the Property held in the Trust Account.

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