Common use of Right to Setoff Clause in Contracts

Right to Setoff. If Calando and/or Arrowhead fails to indemnify a Cerulean Indemnittee as contractually provided for in Section 10.2, then Cerulean may, at its option and upon written notice to Calando, setoff such amount from any amounts owed by Cerulean to Calando pursuant to Sections 5.2, 5.3, 5.4 or 5.5 of this Agreement.

Appears in 3 contracts

Samples: 101 Agreement (Arrowhead Research Corp), It 101 Agreement, It 101 Agreement (Cerulean Pharma Inc.)

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Right to Setoff. If Calando and/or Arrowhead fails to indemnify a Cerulean Indemnittee Indemnitee as contractually provided for in Section 10.2, then Cerulean may, at its option and upon written notice to Calando, setoff such amount from any amounts owed by Cerulean to Calando pursuant to Sections 5.2, 5.3, 5.4 or 5.5 of this Agreement.

Appears in 2 contracts

Samples: Platform Agreement (Arrowhead Research Corp), Platform Agreement (Cerulean Pharma Inc.)

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