{"component": "clause", "props": {"groups": [{"snippet_links": [{"key": "indemnified-parties", "type": "definition", "offset": [37, 56]}, {"key": "security-interest", "type": "clause", "offset": [59, 76]}, {"key": "escrow-funds", "type": "clause", "offset": [98, 110]}, {"key": "to-the-extent", "type": "clause", "offset": [112, 125]}, {"key": "to-secure", "type": "clause", "offset": [154, 163]}, {"key": "all-obligations", "type": "clause", "offset": [164, 179]}, {"key": "right-to-offset", "type": "definition", "offset": [243, 258]}, {"key": "claim-for-indemnification", "type": "definition", "offset": [348, 373]}, {"key": "pursuant-to-section-9", "type": "clause", "offset": [374, 395]}, {"key": "for-any-reason", "type": "clause", "offset": [476, 490]}, {"key": "available-to", "type": "definition", "offset": [508, 520]}, {"key": "such-security", "type": "definition", "offset": [566, 579]}, {"key": "right-of-offset", "type": "definition", "offset": [592, 607]}, {"key": "compensation-and-reimbursement", "type": "clause", "offset": [639, 669]}, {"key": "upon-receipt-of-an", "type": "clause", "offset": [746, 764]}], "snippet": "Issuer hereby grants to NCPS and the Indemnified Parties a security interest in and lien upon the Escrow Funds (to the extent of Issuer\u2019s rights thereto) to secure all obligations hereunder, and NCPS and the Indemnified Parties shall have the right to offset the amount of any compensation or reimbursement due any of them hereunder (including any claim for indemnification pursuant to Section 9 hereof) against the Escrow Funds (to the extent of Issuer\u2019s rights thereto.) If for any reason the Escrow Funds available to NCPS and the Indemnified Parties pursuant to such security interest or right of offset are insufficient to cover such compensation and reimbursement, Issuer shall promptly pay such amounts to NCPS and the Indemnified Parties upon receipt of an itemized invoice.", "samples": [{"hash": "4f8YkXIx14q", "uri": "/contracts/4f8YkXIx14q#security-and-offset", "label": "Escrow Agreement (RoyaltyTraders LLC)", "score": 37.1697467488, "published": true}, {"hash": "fxEaddkXxbo", "uri": "/contracts/fxEaddkXxbo#security-and-offset", "label": "Escrow Agreement (FundRebel Dean, LLC)", "score": 33.6872024536, "published": true}, {"hash": "dJqmhUnk5YB", "uri": "/contracts/dJqmhUnk5YB#security-and-offset", "label": "Escrow Agreement (Solar Intermodal Corp)", "score": 32.9917869568, "published": true}], "size": 200, "hash": "88af9a608cf66c8e2f19d82dd542a381", "id": 1}, {"snippet_links": [{"key": "to-escrow-agent", "type": "clause", "offset": [21, 36]}, {"key": "indemnified-parties", "type": "definition", "offset": [45, 64]}, {"key": "security-interest", "type": "clause", "offset": [67, 84]}, {"key": "escrow-funds", "type": "clause", "offset": [106, 118]}, {"key": "to-the-extent", "type": "clause", "offset": [120, 133]}, {"key": "to-secure", "type": "clause", "offset": [162, 171]}, {"key": "all-obligations", "type": "clause", "offset": [172, 187]}, {"key": "right-to-offset", "type": "definition", "offset": [259, 274]}, {"key": "claim-for-indemnification", "type": "definition", "offset": [364, 389]}, {"key": "pursuant-to-section-9", "type": "clause", "offset": [390, 411]}, {"key": "for-any-reason", "type": "clause", "offset": [492, 506]}, {"key": "available-to", "type": "definition", "offset": [524, 536]}, {"key": "such-security", "type": "definition", "offset": [590, 603]}, {"key": "right-of-offset", "type": "definition", "offset": [616, 631]}, {"key": "compensation-and-reimbursement", "type": "clause", "offset": [663, 693]}, {"key": "upon-receipt-of-an", "type": "clause", "offset": [778, 796]}], "snippet": "Issuer hereby grants to Escrow Agent and the Indemnified Parties a security interest in and lien upon the Escrow Funds (to the extent of Issuer\u2019s rights thereto) to secure all obligations hereunder, and Escrow Agent and the Indemnified Parties shall have the right to offset the amount of any compensation or reimbursement due any of them hereunder (including any claim for indemnification pursuant to Section 9 hereof) against the Escrow Funds (to the extent of Issuer\u2019s rights thereto.) If for any reason the Escrow Funds available to Escrow Agent and the Indemnified Parties pursuant to such security interest or right of offset are insufficient to cover such compensation and reimbursement, Issuer shall promptly pay such amounts to Escrow Agent and the Indemnified Parties upon receipt of an itemized invoice.", "samples": [{"hash": "d0ACpAQdFVf", "uri": "/contracts/d0ACpAQdFVf#security-and-offset", "label": "Escrow Agreement (Oncolyze, Inc.)", "score": 33.5831604004, "published": true}, {"hash": "3TBVdRzqWlH", "uri": "/contracts/3TBVdRzqWlH#security-and-offset", "label": "Escrow Agreement (Gin & Luck Inc.)", "score": 32.6495552063, "published": true}, {"hash": "5eocvSMnOb0", "uri": "/contracts/5eocvSMnOb0#security-and-offset", "label": "Escrow Agreement (NowRx, Inc.)", "score": 32.6057510376, "published": true}], "size": 111, "hash": "3aee6ea5d3a1cbbfd4c10216db5b8b9f", "id": 2}, {"snippet_links": [{"key": "seller-representative", "type": "definition", "offset": [0, 21]}, {"key": "buyer-and-the", "type": "clause", "offset": [23, 36]}, {"key": "to-escrow-agent", "type": "clause", "offset": [60, 75]}, {"key": "indemnified-parties", "type": "definition", "offset": [84, 103]}, {"key": "first-priority-security-interest", "type": "definition", "offset": [106, 138]}, {"key": "right-of-offset", "type": "definition", "offset": [157, 172]}, {"key": "escrow-amount", "type": "clause", "offset": [185, 198]}, {"key": "with-respect-to", "type": "clause", "offset": [199, 214]}, {"key": "claim-for-indemnification", "type": "definition", "offset": [290, 315]}, {"key": "for-any-reason", "type": "clause", "offset": [331, 345]}, {"key": "compensation-and-reimbursement", "type": "clause", "offset": [394, 424]}, {"key": "buyer-and-seller", "type": "definition", "offset": [426, 442]}, {"key": "indemnified-party", "type": "definition", "offset": [513, 530]}, {"key": "upon-receipt-of-an", "type": "clause", "offset": [531, 549]}], "snippet": "Seller Representative, Buyer and the Designees hereby grant to Escrow Agent and the Indemnified Parties a first priority security interest in, lien upon and right of offset against the Escrow Amount with respect to any compensation or reimbursement due any of them hereunder (including any claim for indemnification hereunder). If for any reason the Escrow Amount is insufficient to cover such compensation and reimbursement, Buyer and Seller Representative shall promptly pay such amounts to Escrow Agent or any Indemnified Party upon receipt of an itemized invoice.", "samples": [{"hash": "z5LM9Mpye1", "uri": "/contracts/z5LM9Mpye1#security-and-offset", "label": "Equity Interest Purchase Agreement", "score": 31.3390369415, "published": true}, {"hash": "btldBQxnF4v", "uri": "/contracts/btldBQxnF4v#security-and-offset", "label": "Equity Interest Purchase Agreement", "score": 31.3390369415, "published": true}], "size": 9, "hash": "6005e8912728d34dbdfdf8a83e92e105", "id": 3}, {"snippet_links": [{"key": "the-interested-parties", "type": "clause", "offset": [0, 22]}, {"key": "the-escrow-agent", "type": "definition", "offset": [39, 55]}, {"key": "first-lien", "type": "definition", "offset": [58, 68]}, {"key": "right-of-offset", "type": "definition", "offset": [79, 94]}, {"key": "with-respect-to", "type": "clause", "offset": [124, 139]}, {"key": "agent-hereunder", "type": "clause", "offset": [179, 194]}, {"key": "claim-for-indemnification", "type": "definition", "offset": [210, 235]}, {"key": "in-the-event", "type": "clause", "offset": [248, 260]}, {"key": "other-obligations", "type": "definition", "offset": [295, 312]}, {"key": "calendar-days", "type": "definition", "offset": [398, 411]}, {"key": "delivery-of", "type": "clause", "offset": [426, 437]}, {"key": "an-invoice", "type": "clause", "offset": [438, 448]}, {"key": "payment-of", "type": "clause", "offset": [457, 467]}, {"key": "fees-and-expenses", "type": "definition", "offset": [473, 490]}, {"key": "written-demand", "type": "definition", "offset": [498, 512]}, {"key": "further-action", "type": "clause", "offset": [566, 580]}, {"key": "otherwise-dispose-of", "type": "definition", "offset": [668, 688]}, {"key": "sole-discretion", "type": "definition", "offset": [786, 801]}, {"key": "distribution-of-the-escrow-property", "type": "clause", "offset": [820, 855]}, {"key": "reasonably-believes", "type": "definition", "offset": [890, 909]}, {"key": "sale-or-liquidation", "type": "definition", "offset": [922, 941]}, {"key": "equal-to", "type": "definition", "offset": [960, 968]}, {"key": "unpaid-amounts", "type": "definition", "offset": [973, 987]}], "snippet": "The Interested Parties hereby grant to the Escrow Agent a first lien upon, and right of offset against, the Escrow Property with respect to any fees or expenses due to the Escrow Agent hereunder (including any claim for indemnification hereunder). In the event that any fees or expenses, or any other obligations owed to the Escrow Agent (or its counsel) are not paid to the Escrow Agent within 30 calendar days following the delivery of an invoice for the payment of such fees and expenses or the written demand for such payment, then the Escrow Agent may, without further action or notice, pay such fees and expenses from the Escrow Property and may sell, convey or otherwise dispose of the Escrow Property (or necessary portion thereof) for such purpose. The Escrow Agent may in its sole discretion withhold from any distribution of the Escrow Property an amount of such distribution it reasonably believes would, upon sale or liquidation, produce proceeds equal to any unpaid amounts to which the Escrow Agent is entitled to hereunder.", "samples": [{"hash": "gGczLYelKxW", "uri": "/contracts/gGczLYelKxW#security-and-offset", "label": "Purchase and Sale Agreement (Talos Energy Inc.)", "score": 30.954826355, "published": true}, {"hash": "f1uRInXsX4r", "uri": "/contracts/f1uRInXsX4r#security-and-offset", "label": "Purchase and Sale Agreement (Talos Energy Inc.)", "score": 30.954826355, "published": true}, {"hash": "dGFbfjqiAk1", "uri": "/contracts/dGFbfjqiAk1#security-and-offset", "label": "Purchase and Sale Agreement (Talos Energy Inc.)", "score": 30.954826355, "published": true}], "size": 7, "hash": "5e1391ebd0a4a6d847afeb76f73e4c91", "id": 4}, {"snippet_links": [{"key": "the-seller-parties", "type": "clause", "offset": [21, 39]}, {"key": "to-escrow-agent", "type": "clause", "offset": [46, 61]}, {"key": "indemnified-parties", "type": "definition", "offset": [70, 89]}, {"key": "security-interest", "type": "clause", "offset": [92, 109]}, {"key": "right-of-offset", "type": "definition", "offset": [128, 143]}, {"key": "escrow-funds", "type": "clause", "offset": [152, 164]}, {"key": "with-respect-to", "type": "clause", "offset": [165, 180]}, {"key": "claim-for-indemnification", "type": "definition", "offset": [256, 281]}, {"key": "for-any-reason", "type": "clause", "offset": [297, 311]}, {"key": "compensation-and-reimbursement", "type": "clause", "offset": [356, 386]}, {"key": "purchaser-and-the", "type": "clause", "offset": [388, 405]}, {"key": "indemnified-party", "type": "definition", "offset": [476, 493]}, {"key": "upon-receipt-of-an", "type": "clause", "offset": [494, 512]}], "snippet": "Each of Purchase and the Seller Parties grant to Escrow Agent and the Indemnified Parties a security interest in, lien upon and right of offset against Escrow Funds with respect to any compensation or reimbursement due any of them hereunder (including any claim for indemnification hereunder). If for any reason Escrow Funds are insufficient to cover such compensation and reimbursement, Purchaser and the Seller Parties shall promptly pay such amounts to Escrow Agent or any Indemnified Party upon receipt of an itemized invoice.", "samples": [{"hash": "9pJwiW6v1Af", "uri": "/contracts/9pJwiW6v1Af#security-and-offset", "label": "Purchase and Sale Agreement (Pattern Energy Group Inc.)", "score": 26.3744010925, "published": true}, {"hash": "fLYu87IhB1H", "uri": "/contracts/fLYu87IhB1H#security-and-offset", "label": "Purchase and Sale Agreement", "score": 24.1704311371, "published": true}], "size": 7, "hash": "7f9eff2188d003f4ae00075a8a31e0b6", "id": 5}, {"snippet_links": [{"key": "the-company-hereby", "type": "clause", "offset": [0, 18]}, {"key": "the-escrow-agent", "type": "definition", "offset": [29, 45]}, {"key": "first-lien", "type": "definition", "offset": [48, 58]}, {"key": "right-of-offset", "type": "definition", "offset": [69, 84]}, {"key": "with-respect-to", "type": "clause", "offset": [116, 131]}, {"key": "agent-hereunder", "type": "clause", "offset": [171, 186]}, {"key": "claim-for-indemnification", "type": "definition", "offset": [202, 227]}, {"key": "in-the-event", "type": "clause", "offset": [240, 252]}, {"key": "other-obligations", "type": "definition", "offset": [287, 304]}, {"key": "calendar-days", "type": "definition", "offset": [390, 403]}, {"key": "following-the", "type": "definition", "offset": [404, 417]}, {"key": "an-invoice", "type": "clause", "offset": [433, 443]}, {"key": "payment-of", "type": "clause", "offset": [452, 462]}, {"key": "fees-and-expenses", "type": "definition", "offset": [468, 485]}, {"key": "further-action", "type": "clause", "offset": [553, 567]}, {"key": "otherwise-dispose-of", "type": "definition", "offset": [657, 677]}, {"key": "sole-discretion", "type": "definition", "offset": [746, 761]}, {"key": "distribution-of-the-escrowed-property", "type": "clause", "offset": [780, 817]}, {"key": "reasonably-believes", "type": "definition", "offset": [852, 871]}, {"key": "sale-or-liquidation", "type": "definition", "offset": [884, 903]}, {"key": "equal-to", "type": "definition", "offset": [922, 930]}, {"key": "unpaid-amounts", "type": "definition", "offset": [935, 949]}], "snippet": "The Company hereby grants to the Escrow Agent a first lien upon, and right of offset against, the Escrowed Property with respect to any fees or expenses due to the Escrow Agent hereunder (including any claim for indemnification hereunder). In the event that any fees or expenses, or any other obligations owed to the Escrow Agent (or its counsel) are not paid to the Escrow Agent within 30 calendar days following the presentment of an invoice for the payment of such fees and expenses or the demand for such payment, then the Escrow Agent may, without further action or notice, pay such fees and expenses from the Escrowed Property and may sell, convey or otherwise dispose of any Escrowed Property for such purpose. The Escrow Agent may in its sole discretion withhold from any distribution of the Escrowed Property an amount of such distribution it reasonably believes would, upon sale or liquidation, produce proceeds equal to any unpaid amounts to which the Escrow Agent is entitled to hereunder.", "samples": [{"hash": "l7LQOSlVKpO", "uri": "/contracts/l7LQOSlVKpO#security-and-offset", "label": "Forward Share Purchase Agreement (Lavoro LTD)", "score": 34.1745376587, "published": true}, {"hash": "kE4oruQs7rN", "uri": "/contracts/kE4oruQs7rN#security-and-offset", "label": "Forward Share Purchase Agreement (TPB Acquisition Corp I)", "score": 34.1389465332, "published": true}], "size": 6, "hash": "bf6767f26093341df186a2755cedd944", "id": 6}, {"snippet_links": [{"key": "to-escrow-agent", "type": "clause", "offset": [24, 39]}, {"key": "indemnified-parties", "type": "definition", "offset": [48, 67]}, {"key": "security-interest", "type": "clause", "offset": [70, 87]}, {"key": "right-of-offset", "type": "definition", "offset": [106, 121]}, {"key": "escrow-funds", "type": "clause", "offset": [134, 146]}, {"key": "with-respect-to", "type": "clause", "offset": [147, 162]}, {"key": "claim-for-indemnification", "type": "definition", "offset": [238, 263]}, {"key": "for-any-reason", "type": "clause", "offset": [279, 293]}, {"key": "compensation-and-reimbursement", "type": "clause", "offset": [342, 372]}, {"key": "indemnified-party", "type": "definition", "offset": [439, 456]}, {"key": "upon-receipt-of-an", "type": "clause", "offset": [457, 475]}], "snippet": "Depositor hereby grants to Escrow Agent and the Indemnified Parties a security interest in, lien upon and right of offset against the Escrow Funds with respect to any compensation or reimbursement due any of them hereunder (including any claim for indemnification hereunder). If for any reason the Escrow Funds are insufficient to cover such compensation and reimbursement, Depositor shall promptly pay such amounts to Escrow Agent or any Indemnified Party upon receipt of an itemized invoice.", "samples": [{"hash": "jagG3RO1W8M", "uri": "/contracts/jagG3RO1W8M#security-and-offset", "label": "Escrow Agreement", "score": 27.1820678711, "published": true}, {"hash": "hYY1MTyHlot", "uri": "/contracts/hYY1MTyHlot#security-and-offset", "label": "Escrow Agreement", "score": 27.0903491974, "published": true}, {"hash": "hIPMNh0VMNK", "uri": "/contracts/hIPMNh0VMNK#security-and-offset", "label": "Escrow Agreement", "score": 26.6536617279, "published": true}], "size": 5, "hash": "90385394ab78cedbf6a2638fd1011575", "id": 7}, {"snippet_links": [{"key": "to-escrow-agent", "type": "clause", "offset": [24, 39]}, {"key": "indemnified-parties", "type": "definition", "offset": [48, 67]}, {"key": "first-priority-security-interest", "type": "definition", "offset": [70, 102]}, {"key": "right-of-offset", "type": "definition", "offset": [121, 136]}, {"key": "with-respect-to", "type": "clause", "offset": [164, 179]}, {"key": "claim-for-indemnification", "type": "definition", "offset": [255, 280]}, {"key": "for-any-reason", "type": "clause", "offset": [296, 310]}, {"key": "construction-funds", "type": "definition", "offset": [315, 333]}, {"key": "compensation-and-reimbursement", "type": "clause", "offset": [365, 395]}, {"key": "developer-shall", "type": "clause", "offset": [397, 412]}, {"key": "indemnified-party", "type": "definition", "offset": [462, 479]}, {"key": "upon-receipt-of-an", "type": "clause", "offset": [480, 498]}], "snippet": "Developer hereby grants to Escrow Agent and the Indemnified Parties a first priority security interest in, lien upon and right of offset against the Escrow Account with respect to any compensation or reimbursement due any of them hereunder (including any claim for indemnification hereunder). If for any reason the Construction Funds are insufficient to cover such compensation and reimbursement, Developer shall promptly pay such amounts to Escrow Agent or any Indemnified Party upon receipt of an itemized invoice.", "samples": [{"hash": "jxf9YUi1sR0", "uri": "/contracts/jxf9YUi1sR0#security-and-offset", "label": "Escrow Agreement", "score": 36.3528671265, "published": true}, {"hash": "3p6dVFizebY", "uri": "/contracts/3p6dVFizebY#security-and-offset", "label": "Escrow Agreement", "score": 36.3201789856, "published": true}], "size": 3, "hash": "ab38896ee92983bfeafdfcbb57036645", "id": 8}, {"snippet_links": [{"key": "the-stockholders", "type": "clause", "offset": [16, 32]}, {"key": "the-escrow-agent", "type": "definition", "offset": [65, 81]}, {"key": "security-interest", "type": "clause", "offset": [84, 101]}, {"key": "right-of-offset", "type": "definition", "offset": [120, 135]}, {"key": "the-escrow-shares", "type": "clause", "offset": [144, 161]}, {"key": "with-respect-to", "type": "clause", "offset": [162, 177]}, {"key": "reimbursement-or-indemnity", "type": "clause", "offset": [196, 222]}, {"key": "indemnified-parties", "type": "definition", "offset": [241, 260]}, {"key": "for-any-reason", "type": "clause", "offset": [275, 289]}, {"key": "compensation-and-reimbursement", "type": "clause", "offset": [339, 369]}, {"key": "indemnified-party", "type": "definition", "offset": [479, 496]}, {"key": "upon-receipt-of-an", "type": "clause", "offset": [497, 515]}], "snippet": "The Company and the Stockholders\u2019 Representative hereby grant to the Escrow Agent a security interest in, lien upon and right of offset against the Escrow Shares with respect to any compensation, reimbursement or indemnity due to any of the Indemnified Parties hereunder. If for any reason the Escrow Shares are insufficient to cover such compensation and reimbursement, the Company and the Stockholders\u2019 Representative shall promptly pay such amounts to the Escrow Agent or any Indemnified Party upon receipt of an itemized invoice.", "samples": [{"hash": "7YBnWKXnoTz", "uri": "/contracts/7YBnWKXnoTz#security-and-offset", "label": "Merger Agreement (Female Health Co)", "score": 27.2614650726, "published": true}, {"hash": "ert0OoUOvvl", "uri": "/contracts/ert0OoUOvvl#security-and-offset", "label": "Escrow Agreement (Female Health Co)", "score": 25.8364143372, "published": true}], "size": 2, "hash": "c80c9b7427d29fcd8c2e0296af7b2e9d", "id": 9}, {"snippet_links": [{"key": "to-escrow-holder", "type": "definition", "offset": [22, 38]}, {"key": "indemnified-parties", "type": "definition", "offset": [47, 66]}, {"key": "security-interest", "type": "clause", "offset": [69, 86]}, {"key": "the-escrow", "type": "definition", "offset": [104, 114]}, {"key": "to-the-extent", "type": "clause", "offset": [116, 129]}, {"key": "to-secure", "type": "clause", "offset": [159, 168]}, {"key": "all-obligations", "type": "clause", "offset": [169, 184]}, {"key": "right-to-offset", "type": "definition", "offset": [257, 272]}, {"key": "claim-for-indemnification", "type": "definition", "offset": [362, 387]}, {"key": "pursuant-to-section-9", "type": "clause", "offset": [388, 409]}, {"key": "for-any-reason", "type": "clause", "offset": [485, 499]}, {"key": "funds-in-escrow", "type": "clause", "offset": [504, 519]}, {"key": "available-to", "type": "definition", "offset": [520, 532]}, {"key": "such-security", "type": "definition", "offset": [587, 600]}, {"key": "right-of-offset", "type": "definition", "offset": [613, 628]}, {"key": "compensation-and-reimbursement", "type": "clause", "offset": [660, 690]}, {"key": "upon-receipt-of-an", "type": "clause", "offset": [777, 795]}], "snippet": "Company hereby grants to Escrow Holder and the Indemnified Parties a security interest in and lien upon the Escrow (to the extent of Company's rights thereto) to secure all obligations hereunder, and Escrow Holder and the Indemnified Parties shall have the right to offset the amount of any compensation or reimbursement due any of them hereunder (including any claim for indemnification pursuant to Section 9 hereof) against the Escrow (to the extent of Company's rights thereto). If for any reason the funds in Escrow available to Escrow Holder and the Indemnified Parties pursuant to such security interest or right of offset are insufficient to cover such compensation and reimbursement, Company shall promptly pay such amounts to Escrow Holder and the Indemnified Parties upon receipt of an itemized invoice.", "samples": [{"hash": "iM2f7VzjP4", "uri": "/contracts/iM2f7VzjP4#security-and-offset", "label": "Escrow Agreement (Comstar Net Inc)", "score": 16.0, "published": true}, {"hash": "b0nM2AOeEO7", "uri": "/contracts/b0nM2AOeEO7#security-and-offset", "label": "Escrow Agreement (Comstar Net Inc)", "score": 16.0, "published": true}], "size": 2, "hash": "476baea4a8e820910841cb0771a3bebf", "id": 10}], "next_curs": "ClwSVmoVc35sYXdpbnNpZGVyY29udHJhY3RzcjgLEhZDbGF1c2VTbmlwcGV0R3JvdXBfdjU2IhxzZWN1cml0eS1hbmQtb2Zmc2V0IzAwMDAwMDBhDKIBAmVuGAAgAA==", "clause": {"children": [["", ""], ["ncps-fees", "NCPS Fees"], ["notice-addresses", "Notice Addresses"]], "parents": [["compensation-to-ncps", "Compensation to NCPS"], ["compensation-to-escrow-agent", "Compensation to Escrow Agent"], ["compensation-of-escrow-agent", "Compensation of Escrow Agent"], ["compensation-expense-reimbursement-and-indemnification", "Compensation Expense Reimbursement and Indemnification"], ["miscellaneous", "Miscellaneous"]], "title": "Security and Offset", "size": 385, "id": "security-and-offset", "related": [["security-and-privacy", "Security and Privacy", "Security and Privacy"], ["mitigation-and-offset", "Mitigation and Offset", "Mitigation and Offset"], ["indemnity-and-insurance", "Indemnity and Insurance", "Indemnity and Insurance"], ["security-and-charge", "Security and Charge", "Security and Charge"], ["indemnity-and-subrogation", "Indemnity and Subrogation", "Indemnity and Subrogation"]], "related_snippets": [], "updated": "2026-03-07T04:27:53+00:00", "also_ask": ["What are the minimum security requirements to ensure enforceability of the offset right?", "How can the offset mechanism be structured to maximize leverage in negotiations?", "What are the most common legal pitfalls or invalidating flaws in security and offset clauses?", "How do courts typically interpret and enforce offset rights in the event of insolvency or bankruptcy?", "How does this clause compare to industry standards or statutory offset rights in similar agreements?"], "drafting_tip": "Specify the types of security and offset rights to prevent disputes; define procedures for exercising offsets to ensure clarity; require written notice before offset to promote transparency.", "explanation": "The Security and Offset clause establishes the right of one party to secure its interests and offset amounts owed between parties under a contract. In practice, this means that if one party owes money to the other, the owed party can use any security provided (such as collateral) or deduct the amount from sums it otherwise owes to the other party. This clause is essential for managing credit risk and ensuring that parties can recover amounts due without resorting to lengthy legal proceedings."}, "json": true, "cursor": ""}}