Set-Off Rights definition

Set-Off Rights means the right for Visit Orlando to deduct from any payments due to Service Provider an amount equal to the damages incurred by Visit Orlando as a result of any breach by Service Provider of its obligations under this Agreement. Set-Off Rights do not limit or affect any of Visit Orlando’s other rights and remedies.

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Set-Off Rights means any and all rights of or claims of any Noteholder for deduction, set-off, netting, compensation, retention or counterclaim arising directly or indirectly under or in connection with any Note;

Set-Off Rights. As defined in Section 3.5.

Examples of Set-Off Rights in a sentence

• The parties hereto agree that GM’s Set-Off Rights shall rank ahead of general unsecured claims at all times.

• The Borrower is the owner of the Pledged Collateral free from any lien, encumbrance or security interest, other than (i) liens arising by operation of law, so long as the aggregate obligations secured thereby do not exceed $1,000,000, (ii) the Custodial Lien and Set-Off Rights and (iii) those granted hereby.

• The obligations of Tenant hereunder are separate and independent covenants, and Tenant shall have no Set-Off Rights with respect to such obligations for any claimed or actual default or breach by Landlord or for any other reason whatsoever except to the extent otherwise expressly provided for hereunder.

• The above-described remedies are not intended to constrain either party from any other action mutually agreed to by Contractor and the State as being more appropriate or to limit any of the State’s other rights and remedies under this Contract, at law or in equity, including the application of Performance Deficiency Charges (Section 50) or the exercise of Set-Off Rights (Section 51).

• No failure by Landlord to comply with the foregoing covenant shall give Tenant any right to cancel or terminate this Lease or to exercise any Set-Off Rights.

More Definitions of Set-Off Rights

Set-Off Rights means all rights arising in connection with Liabilities which may be satisfied by way of set-off, combination or deduction against, or used as payment towards, Liabilities under any Transferring Arrangement, Replicated Arrangement or NWM plc Existing Arrangement;

Set-Off Rights has the meaning specified in Recital H of this Agreement.

Set-Off Rights and “Records” provisions contained in Appendix A of this Agreement (Standard Clauses for New York State Contracts). Notwithstanding any other provision of this Agreement, no Party will be entitled to recover compensation or make a claim under this Agreement in respect of any loss that it has incurred to the extent that it has already been compensated in respect of that loss pursuant to this Agreement or otherwise by the other Party.

Set-Off Rights has the meaning specified in Section 23(6).

Set-Off Rights has the meaning specified in Section ‎8.7.

Set-Off Rights shall have the meaning specified in Recital G of this Agreement.

Set-Off Rights shall have the meaning specified in Preliminary Statement C of this Agreement.