Common use of Offsets Clause in Contracts

Offsets. The Company shall be permitted to offset and reduce from any amounts payable to a Management Stockholder the amount of any indebtedness or other obligation or payment owing to the Company by the Management Stockholder.

Appears in 22 contracts

Samples: Stockholders Agreement, Management Stockholders Agreement (BJ's Wholesale Club Holdings, Inc.), Management Stockholders Agreement (BJ's Wholesale Club Holdings, Inc.)

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Offsets. The Company shall be permitted to offset and reduce from any amounts payable to a Management Stockholder the amount of any indebtedness or other obligation or payment owing to the Company by the Management Stockholder.

Appears in 3 contracts

Samples: Stockholders Agreement (Calpine Corp), Stockholders Agreement (Neff Corp), Stockholders Agreement (Neff Rental LLC)

Offsets. The Company shall be permitted to offset and reduce from any amounts payable to a Management Stockholder the amount of any indebtedness or other obligation or payment owing to the Company by the Management StockholderStockholder .

Appears in 2 contracts

Samples: Management Stockholders Agreement (Neff Rental LLC), Stockholders Agreement (Winfred Berg Licensco Inc)

Offsets. The Company shall be permitted to offset and reduce from any amounts payable to a Management Stockholder the amount of any indebtedness or other obligation or payment owing to the Company by Stockholder. The Company shall provide Stockholder a detailed statement of the Management Stockholderbasis for any amount withheld signed by an officer of the Company.

Appears in 1 contract

Samples: Stockholders Agreement (Interhealth Facility Transport, Inc.)

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Offsets. The Company shall be permitted to offset and reduce from any amounts payable to a Management Stockholder the amount of any indebtedness or other obligation or payment owing to the Company by the Management Stockholder. The Company shall provide the Management Stockholder a detailed statement of the basis for any amount withheld signed by an officer of the Company.

Appears in 1 contract

Samples: Stockholders Agreement (InfrastruX Group, Inc.)

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