Set-off definition
Set-off means set-off, offset, combination of accounts, right of retention or withholding or similar right or requirement to which the payer of an amount under Section 6 is entitled or subject (whether arising under this Agreement, another contract, applicable law or otherwise) that is exercised by, or imposed on, such payer.
Set-off means the reduction by NYSERDA of a payment due a Contractor by an amount equal to the amount of an unpaid legally enforceable debt owed by the Contractor to NYSERDA.
Set-off means the reduction by the Authority of a payment due to a Contractor by an amount equal to the amount of an unpaid legally enforceable debt owed by the Contractor to the Authority.
Examples of Set-off in a sentence
EACH PARTY IRREVOCABLY AND UNCONDITIONALLY WAIVES TRIAL BY JURY IN ANY ACTION BROUGHT ON, UNDER OR BY VIRTUE OF OR RELATING IN ANY WAY TO THIS AGREEMENT OR ANY OF THE DOCUMENTS AND/OR INSTRUMENTS EXECUTED IN CONNECTION HEREWITH, THE PROPERTY OR ANY CLAIMS, DEFENSES, RIGHTS OF SET-OFF OR OTHER ACTIONS PERTAINING HERETO OR TO ANY OF THE FOREGOING.
More Definitions of Set-off
Set-off means the reduction by the Authority of a payment due a Contractor by an amount equal to the amount of an unpaid legally enforceable debt owed by the Contractor to the Authority.
Set-off is defined in Section 12.7 hereof.
Set-off means the reduction by the CUCF of a payment due to a contractor by an amount equal to the amount of an unpaid legally enforceable debt owed by the contractor to the CUCF.
Set-off means any right of set off, rescission, counterclaim, reduction, deduction or defense.
Set-off means any set-off, off-set, reduction or similar deduction.
Set-off means set-off, offset, combination of accounts, right of retention or deducting, netting, recouping, withholding or similar right or requirement to which a party is entitled or subject (whether arising under this Agreement, any Transaction, applicable law or otherwise) that is exercised by, or imposed on, such party;
Set-off means any set-off, off-set, rescission, counterclaim, reduction, deduction or defense.