Examples of Set-Off Rights in a sentence
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 Section 59 (Performance Deficiency Charges) or the exercise of Section 60 (Set-Off Rights).
The parties hereto agree that GM’s Set-Off Rights shall rank ahead of general unsecured claims at all times.
For the purposes of this Condition 3(c), Set-Off Rights means any and all rights of or claims of any holder of any Subordinated Note, Coupon, Receipt or Talon for deduction, set-off, netting, compensation, retention or counterclaim arising directly or indirectly under or in connection with any such Subordinated Note, Coupon, Receipt or Talon.
For the purposes of this Condition 15, Waived 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 such Note.
Set-Off Rights: The State shall have all of its common law, equitable, and statutory rights of set-off.