Offset Arrangement definition

Offset Arrangement means an arrangement whereby a cost and a benefit are offset in a manner, which benefits two parties.
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Examples of Offset Arrangement in a sentence

  • Clause 3 of the Offset Arrangement Agreement and Clause 2 of the Offset Arrangement Contributor Agreement make it clear that interest is suspended on Linked Deposit Accounts only for so long as they are linked to a Choices Offset Loan under those agreements.

  • Development that occurs within the PDA is subject to the Infrastructure requirements set out in the GFPDA Development Scheme (October 2011) and in accordance with the Infrastructure Funding Framework (IFF), Infrastructure Funding Framework, Crediting and Offset Arrangement (IFFCOA) and the Infrastructure Charging Offset Plan (ICOP) for the Greater Flagstone PDA (dated July 2015, July 2013 version 2, and July 2013 respectively).

  • A customer may not have a Choices Offset Arrangement without a Qualifying Loan.

  • Therefore, Westpac customers who wish to include a Qualifying Loan in a Choices Offset Arrangement would enter into the standard loan documentation applicable to the Qualifying Loan as well as the Choices Offset Arrangement documentation.

  • Clustka’s detail report — which the officers requested and reviewed — cautioned: “vio- lent tendencies, known to abuse substances, alcoholic, and other mental health problems.” The report also indicated that Clustka’s mother had obtained a restraining order against her.

  • This is the case as a matter of contract (as set out in the terms and conditions applying to the Offset Arrangement) and as a matter of practice (in terms of Westpac’s internal systems and accounting).

  • Further, no new deposit account types will be created as part of the Offset Arrangement.

  • We will go over it in some detail as it forms the basis of the backpropagation algorithm.

  • Only one Qualifying Loan and up to 10 Linked Deposit Accounts may be included in an Offset Arrangement.

  • The key feature of the Offset Arrangement is the “offsetting” of the aggregate credit balance of the Linked Deposit Account (or Accounts) against the debit balance of a Choices Offset Loan account, which occurs before interest is calculated.

Related to Offset Arrangement

  • Benefit Arrangement means at any time an employee benefit plan within the meaning of Section 3(3) of ERISA which is not a Plan or a Multiemployer Plan and which is maintained or otherwise contributed to by any member of the ERISA Group.

  • Cash Management Arrangements means all cash management arrangements pursuant to which Honeywell or its Subsidiaries automatically or manually sweep cash from, or automatically or manually transfer cash to, accounts of SpinCo or any member of the SpinCo Group.

  • Treasury Management Arrangement means any agreement or other arrangement governing the provision of treasury or cash management services, including deposit accounts, overdraft, credit or debit card, funds transfer, automated clearinghouse, zero balance accounts, returned check concentration, controlled disbursement, lockbox, account reconciliation and reporting and trade finance services and other cash management services.

  • netting arrangement means an arrangement under which a number of claims or obligations can be converted into a single net claim, including close-out netting arrangements under which, on the occurrence of an enforcement event (however or wherever defined) the obligations of the parties are accelerated so as to become immediately due or are terminated, and in either case are converted into or replaced by a single net claim, including ‘close-out netting provisions’ as defined in point (n)(i) of Article 2(1) of Directive 2002/47/EC and ‘netting’ as defined in point (k) of Article 2 of Directive 98/26/EC;

  • Continuing Arrangements means those arrangements set forth on Schedule 1.1(24) and such other commercial arrangements among the Parties that are intended to survive and continue following the Separation Time; provided, however, that for the avoidance of doubt, Continuing Arrangements shall not be Third Party Agreements.

  • Multiple employer welfare arrangement means a multiple employer welfare arrangement

  • Arrangement Agreement has the meaning ascribed thereto in the recitals hereof;

  • Tax Sharing Agreement means any existing agreement binding any Person or any of its Subsidiaries that provides for the allocation, apportionment, sharing or assignment of any Tax liability or benefit, or the transfer or assignment of income, revenues, receipts, or gains for the purpose of determining any Person’s Tax liability, other than agreements entered into in the ordinary course of business that do not have as a principal purpose addressing Tax matters.

  • admission arrangements means the arrangements for a particular school or schools which govern the procedures and the decision making for the purposes of admitting pupils to the school.

  • Travel Arrangements means: (a) transportation: (b) accommodations: and (c) other specified services arranged by the Travel Supplier for the covered trip.

  • Access Arrangement means an arrangement for access to a Covered Pipeline that has been approved by the Relevant Regulator.

  • Life-of-the-unit, firm power contractual arrangement means a unit participation power sales agreement under which a utility or industrial customer reserves, or is entitled to receive, a specified amount or percentage of nameplate capacity and associated energy from any specified unit and pays its proportional amount of such unit's total costs, pursuant to a contract:

  • Arrangement means the arrangement under the provisions of section 192 of the CBCA, on the terms and conditions set forth in the Plan of Arrangement, subject to any amendment or supplement thereto made in accordance with this Agreement and the Plan of Arrangement or made at the direction of the Court in the Final Order;