Set-Off Right definition

Set-Off Right means the right of GM to set-off and apply any and all indebtedness and other liabilities at any time owing by GM or its Affiliates to or for the credit or the account of the Borrower or any Guarantor against any and all of the Obligations of such Borrower or Guarantor then existing under this Agreement in accordance with Section 6.01.

Set-Off Right shall have the meaning set forth in Section 6.3.

Set-Off Right shall have the meaning set forth in Section 5.A. hereof.

Examples of Set-Off Right in a sentence

• Nothing in this Condition 4 is intended to provide, or shall be construed as acknowledging, any Waived Set-Off Rights or that any such Waived Set-Off Right is or would be available to any holder of any Note but for this Condition 4.

• Information is available and any Board member can attend any subcommittee meeting.

• After the Final Shortfall Amount has been finally determined, Acquirer may exercise the Set-Off Right in respect of such Final Shortfall Amount by delivering notice to Holder of the portion of Final Shortfall Amount for which Acquirer is exercising the Set-Off Right.

• The number of shares of Restricted Stock to be forfeited by Employee with respect to the Company's exercise of such Set-Off Right (the "Employee Obligation") shall be determined by the following formula: [(X/1million) *Y]/Z; where X equals the total number of shares of Restricted Stock granted to Employee, Y equals the amount of the Company Set-Off Obligation, and Z equals the Fair Market Value (as defined in the Plan) of the Common Stock determined on the Effective Date.

• Evaluate the adequacy of the licensee's procedures or system for evaluating and using personnel monitoring data to control and minimize exposures.

More Definitions of Set-Off Right

Set-Off Right shall have the meaning set forth in Section 10.15.

Set-Off Right shall have the meaning given to such term in Section 8.5.

Set-Off Right has the meaning set forth in Section 7.11(a) above.

Set-Off Right. 10.1(c) “Significant Customer” 3.21 “Significant Supplier” 3.22 “Special Claim” 10.2(a)(ii)

Set-Off Right shall have the meaning provided in Section 3.6(d) hereof.

Set-Off Right means the right of Buyer to set-off against the Promissory Notes in accordance with Sections 1.7(b) and 1.7(c) hereof.

Set-Off Right means Castlight’s right, from time to time, to reduce the amount to be paid to the Earnout Participants in respect of the Earnout Payments by up to (in the aggregate) the lesser of (i) the amount of any Liability payable by the Earnout Participants pursuant to Article 9 hereto, and (ii) 10% of the Earnout Payments.