Common use of Rights of Set-Off Clause in Contracts

Rights of Set-Off. Each party may set-off against amounts owing by it hereunder to another Person any amounts owing or accruing due by such Person to it or any of its Affiliates, without duplication.

Appears in 18 contracts

Samples: Assignment and Set Off Agreement (Transcanada Pipelines LTD), Share Exchange Agreement (Transcanada Pipelines LTD), Assignment And (TransCanada Trust)

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Rights of Set-Off. Each Notwithstanding Section 4.8 of the Original Indenture, each party may set-off against amounts owing by it hereunder to another Person any amounts owing or accruing due by such Person to it or any of its Affiliates, without duplication.

Appears in 9 contracts

Samples: Indenture (TransCanada Trust), Indenture (Transcanada Pipelines LTD), Indenture (TransCanada Trust)

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Rights of Set-Off. Each Notwithstanding Section 4.8 of the Original Indenture, each party may set-off against amounts owing by it hereunder to another Person any amounts owing or accruing due by such Person to it or any of its Affiliates, without duplication, including pursuant to the Share Exchange Agreement and the Assignment and Set-Off Agreement.

Appears in 9 contracts

Samples: Indenture (TransCanada Trust), Transcanada Pipelines LTD, TransCanada Trust

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