Set Offs definition

Set Offs shall have the meaning assigned to such term in Section 5.3(i).
Sample 1
Set Offs means amounts set off by any Bank Creditor or any Noteholder by the exercise of any Set-Off Right.
Sample 1

Examples of Set Offs in a sentence

  • Processing Meter Data Set-OffsIn addition to the Performance Set Offs, a Meter Data Set-Off will be applied against the Availability payment for a Settlement Account if you fail to submit the weekly meter data for a Settlement Account to us by 15:00 EST on the first business day of the following week.

  • Our consumption of drugs is increasing and accounts for approximately 12% of the NHS budget.

  • Set Offs Each Party may only set off his claims or exercise any other rights vis-à-vis the other Party, including, without limitation, a lien, charge or attachment, irrespective of the obligation from which they derive, or exercise a right of retention against the demands of the other Party under this Agreement, if and to the extent that said claims of the Party are undisputed or have been confirmed either by an Expert or by a final non- appealable judgment.

  • Clause 48.6 (Set Offs by the Head Contractor) provided that subject to a provision of Queensland legislation which the court was informed was not relevant, the Head Contractor may deduct from moneys due to the Subcontrac- tor or from the retention money or from any security any money due or which may become due from the Subcontractor to the Head Contractor including amounts on account of anticipated liquidated damages.

  • Any expense or cost arising out of the Vendor/Contractor's negligence, or that of its agents or employees, for replacing defective work, for damage to property, and for the disposal of material wrongly supplied, may be paid by the City from the account of the Vendor/Contractor and deducted from the Contract Sum.9. Set Offs.

  • When Facebook imposed its exclusive Credits policy on social-game developers, making them use “[Credits] as their sole and exclusive payment method for all virtual goods and currencies made available to users,”20 it engaged in an illegal tying arrangement.

  • To enable Set Offs, the value will be set in negative automatically.

  • CTRA’s focus is to advocate for retirement issues of our Association; and to make charitable contributions to community organizations.

  • Refunds, Fees, and / or Set Off(s) are automatically deducted from Proceeds prior to onward Settlement, save for where an alternative Direct Debit is entered into and valid for this purpose and we agree that this separate Direct Debit is used for this purpose.

  • Payments to Contractor, Set Offs; Completions; Correction Period 4Article 19 – Federal Requirements 5 SUPPLEMENTARY CONDITIONS OF THE CONSTRUCTION CONTRACT ARTICLE 1 – DEFINITIONS AND TERMINOLOGY 1.1 Contracting Authority – The individual or entity with which Contractor has contracted regarding the Work, and which has agreed to pay Contractor for the performance of Work, pursuant to the terms of the Contract.

Related to Set Offs

  • 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.

  • Offsets means those conditions imposed or considered by an entity prior to, or in the course of its procurement process, that encourage local development or improve its Party's balance of payments accounts by means of requirements of local content, licensing of technology, investment, counter-trade or similar requirements;

  • offset [873,884]},{"key":"for-the-purposes-of","type":"clause","offset":[885,904]},{"key":"rendering","type":"clause","offset":[905,914]},{"key":"examination","type":"clause","offset":[964,975]},{"key":"lcb","type":"definition","offset":[979,982]},

  • Deemed Collections has the meaning set forth in Section 4.01(d).

  • Equitable Defenses means any bankruptcy, insolvency, reorganization or other Laws affecting creditors’ rights generally and, with regard to equitable remedies, the discretion of the court before which proceedings may be pending to obtain same.

  • Deposits means all deposits (as defined in 12 U.S.C. § 1813(l)) that are held by any Seller or any of its Affiliates in connection with the Business, in each case, in the name or for the benefit of any clients or customers under the Appointments solely in their capacity as clients or customers of the Business and including any such deposits received by any Seller from and after the date hereof through the close of business on the Closing Date.

  • Disallowed costs means those charges determined to be unallowable, in accordance with the applicable Federal statutes, regulations, or the terms and conditions of the Federal award. (2 CFR 200.31 and 45 CFR 75.2)

  • Increased Costs Any amounts required to be paid by the Borrower to an Indemnified Party pursuant to Section 2.12.

  • Credits means the Federal and State Housing Tax Credit program.

  • Unscheduled Payments means (a) all Loss Proceeds that Borrower has elected or is required to apply to the repayment of the Debt pursuant to this Security Instrument, the Note or any other Loan Documents, (b) any funds representing a voluntary or involuntary principal prepayment other than scheduled Principal Payments and (c) any Net Proceeds.

  • Collection Day means any day which is scheduled by the Municipality for municipal collection of collectible waste.

  • Priority Tax Claims means Claims of governmental units of the kind specified in section 507(a)(8) of the Bankruptcy Code.

  • Intercompany Claims means, collectively, any Claim held by a Debtor against another Debtor or an Affiliate of a Debtor or any Claim held by an Affiliate of a Debtor against a Debtor.

  • SUBI Collections has the meaning set forth in the Indenture.

  • Counterclaim means a claim asserted in a pleading filed with the Board in an arbitration proceeding pursuant to this clause which arises from the same occurrence or transaction that is the subject matter of the opposing party’s claim. Counterclaims do not need to be submitted to the Subcontract Administrator for decision.

  • Costs of Collection includes, without limitation, all attorneys' reasonable fees and reasonable out-of-pocket expenses incurred by the Lender's attorneys, and all reasonable costs incurred by the Lender in the administration of the Liabilities and/or the Loan Documents, including, without limitation, reasonable costs and expenses associated with travel on behalf of the Lender, which costs and expenses are directly or indirectly related to or in respect of the Lender's: administration and management of the Liabilities; negotiation, documentation, and amendment of any Loan Document; or efforts to preserve, protect, collect, or enforce the Collateral, the Liabilities, and/or the Lender's Rights and Remedies and/or any of the Lender's rights and remedies against or in respect of any guarantor or other person liable in respect of the Liabilities (whether or not suit is instituted in connection with such efforts). The Costs of Collection are Liabilities, and at the Lender's option may bear interest at the highest post-default rate which the Lender may charge the Borrower hereunder as if such had been lent, advanced, and credited by the Lender to, or for the benefit of, the Borrower.

  • Recoveries means, with respect to any Liquidated Receivable, monies collected in respect thereof, from whatever source (other than from the sale or other disposition of the Financed Equipment), after such Receivable became a Liquidated Receivable.

  • Late Collections With respect to any Mortgage Loan and any Due Period, all amounts received subsequent to the Determination Date immediately following such Due Period, whether as late payments of Monthly Payments or as Insurance Proceeds, Liquidation Proceeds or otherwise, which represent late payments or collections of principal and/or interest due (without regard to any acceleration of payments under the related Mortgage and Mortgage Note) but delinquent for such Due Period and not previously recovered.

  • Deemed Collection Defined in Section 2.4(c).

  • Other Amounts has the meaning specified in Section 6(f).

  • Excess Collections shall have the meaning specified in Section 2.8(a)(xv) of the Indenture.

  • Suspends payments with respect to a bank means that it has been closed by order of the supervisory authorities, that a public officer has been appointed to take it over or that it ceases or refuses to make payments in the ordinary course of business.

  • netting means the conversion into one net claim or one net obligation of claims and obligations resulting from transfer orders which a participant or participants either issue to, or receive from, one or more other participants with the result that only a net claim can be demanded or a net obligation be owed;

  • Collections means all cash, checks, notes, instruments, and other items of payment (including insurance proceeds, proceeds of cash sales, rental proceeds, and tax refunds).

  • Carryforward Interest For any Class of Certificates and any Distribution Date, the sum of (1) the amount, if any, by which (x) the sum of (A) Current Interest for such Class for the immediately preceding Distribution Date and (B) any unpaid Carryforward Interest from previous Distribution Dates exceeds (y) the amount paid in respect of interest on such Class on such immediately preceding Distribution Date, and (2) interest on such amount for the related Interest Accrual Period at the applicable Pass-Through Rate.

  • apply “approve” “approval” “consent” “direct” “notify” “notice” or “request” means apply approve approval consent direct notify notice or request (as the case may be) in writing;