Setoff definition

Setoff has the meaning set forth in Section 8.07.

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Setoff means the withholding of part or all of income tax

Setoff has the meaning set forth in Section 2.3.2 below.

Examples of Setoff in a sentence

• The amount, if any, payable in respect of an Early Termination Date and determined pursuant to this Section will be subject to any Set-off.

• If the State does not receive payment within such time, the State may setoff the amount from any moneys which the State would otherwise be obligated to pay the Contractor in accordance with this Contract's Setoff provision.

• Each party, as the Pledgor, hereby pledges to the other party, as the Secured Party, as security for its Obligations, and grants to the Secured Party a first priority continuing security interest in, lien on and right of Set-off against all Posted Collateral Transferred to or received by the Secured Party hereunder.

• The provisions for Set-off set forth in Section 6(e) of the Agreement shall not apply for purposes of this Transaction.

• The provisions for Set-off set forth in Section 6(e) of the ISDA Form Master Agreement shall not apply for purposes of this Transaction.

More Definitions of Setoff

Setoff means, for the purpose of Section 4(e) of this CME-Cleared OTC Addendum:-

Setoff means a defense to the whole or a portion of the Consumer’s claim arising under the transaction in question but not amounts owing under other transactions.

Setoff as used herein means setoff, offset, combination of accounts, right of retention or withholding, or any similar right or requirement to which the Liquidating Party is entitled or subject to (whether arising under this Agreement, another contract, Applicable Law or otherwise) that is exercised by, or imposed on, the Liquidating Party.

Setoff shall have the meaning set forth in Section 1.5 and Section 1.87.

Setoff has the meaning set forth in Section 12.3 hereof.

Setoff means the application of a person’s income tax refund or any other sums due to the person from the State, to a valid debt due and owing the university pursuant to the authority granted by sections 231-51 to 231-59, [Hawaii Revised Statutes.] HRS.

Setoff means the withholding of part or all of income tax refunds due individuals who owe debts to the State of Arkansas, a county, a city, or a town.