Common use of Offset Clause in Contracts

Offset. Whenever the Partnership is to pay any sum to any Partner, any amounts that Partner owes the Partnership may be deducted from that sum before payment.

Appears in 28 contracts

Samples: Agreement (WUS Holding, L.L.C.), Agreement (Broader Media Holdings, LLC), Agreement (Safeway Stores 42, Inc.)

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Offset. Whenever the Partnership is to pay any sum to any Partner, any amounts that such Partner owes the Partnership may be deducted from that sum before payment.

Appears in 7 contracts

Samples: Limited Partnership Agreement (Calpine Corp), Limited Partnership Agreement (Calpine Corp), Limited Partnership Agreement (Calpine Corp)

Offset. Whenever the Partnership is to pay any sum to any Partner, any amounts that Partner such Partner, in its capacity as a Partner, owes the Partnership may be deducted from that sum before payment.

Appears in 5 contracts

Samples: Addendum Agreement (Freescale Semiconductor Holdings I, Ltd.), Fourth Amended and Restated Agreement (Travelport LTD), Registration Rights Agreement (Travelport UK Acquisition CORP)

Offset. Whenever the Partnership is to pay any sum to any Partner, any amounts that such Partner owes to the Partnership may be deducted from that sum before payment.

Appears in 3 contracts

Samples: Limited Partnership Agreement (Seneca Global Fund, L.P.), Limited Partnership Agreement (Abrams David L), Limited Partnership Agreement (Aspect Global Diversified Fund LP)

Offset. Whenever the Partnership is to pay any sum to any Partner or former Partner, any amounts that a Partner or former Partner owes the Partnership may be deducted from that sum before payment.

Appears in 2 contracts

Samples: General Partnership Agreement (Regency Energy Partners LP), General Partnership Agreement (Regency Energy Partners LP)

Offset. Whenever the Partnership is to pay or distribute any sum to any Partner, any amounts that Partner such Partner, in its capacity as a Partner, owes the Partnership Partnership, whether pursuant to this Agreement or another Transaction Document, may be deducted from that sum before paymentpayment or distribution.

Appears in 2 contracts

Samples: GPM Contribution Agreement (ARKO Corp.), GPM Contribution Agreement (GPM Petroleum LP)

Offset. Whenever the Partnership is to pay any sum to any Partner in such Person’s capacity as a Partner, any amounts that such Partner owes the Partnership in such Person’s capacity as a Partner may be deducted from that sum before payment.

Appears in 2 contracts

Samples: Limited Partnership Agreement (Athlon Energy Inc.), Limited Partnership Agreement (Athlon Energy Inc.)

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Offset. Whenever the Partnership is to pay any sum to any Partner, any amounts that such Partner owes the Partnership may be deducted from that sum before payment.

Appears in 2 contracts

Samples: Ruth's Chris Steak House Texas, L.P., Ruth's Chris Steak House Texas, L.P.

Offset. Whenever the Partnership is to pay any sum to any Partner, ------ any amounts that Partner owes the Partnership may be deducted from that sum before payment.

Appears in 1 contract

Samples: Agreement (Kansas City Southern Industries Inc)

Offset. Whenever the Partnership is to pay any sum to any PartnerPartner (including pursuant to Section 16.11), any amounts that Partner such Partner, in its capacity as a Partner, owes the Partnership may be deducted from that sum before payment.

Appears in 1 contract

Samples: Addendum Agreement (BrightView Holdings, Inc.)

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