Common use of Right to Offset Clause in Contracts

Right to Offset. Each Party shall have the right to offset any amount owed by the other Party to such first Party under or in connection with this Agreement against any payments owed by such first Party to such other Party under this Agreement. Such offsets shall be in addition to any other rights or remedies available under this Agreement and Applicable Law.

Appears in 4 contracts

Samples: Collaboration and Option Agreement (Morphic Holding, Inc.), Collaboration and Option Agreement (Morphic Holding, Inc.), Collaboration and Option Agreement (Morphic Holding, Inc.)

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Right to Offset. Each Party shall have the right to offset any amount owed by the other Party to such first Party under or in connection with the Convertible Note Agreement or this Agreement Agreement, including pursuant to Article 11 or in connection with any breach, against any payments owed by such first Party to such other Party under this Agreement. Such offsets shall be in addition to any other rights or remedies available under this Agreement and Applicable Law.

Appears in 2 contracts

Samples: License Agreement (AC Immune SA), License Agreement (AC Immune SA)

Right to Offset. Each Either Party shall have the right to offset any amount owed by the other Party to such first Party under or in connection with this Agreement against any payments owed by such first Party to such other Party it under this Agreement. Such offsets shall be in addition to any other rights or remedies available under this Agreement and Applicable Law.

Appears in 2 contracts

Samples: Confidential Treatment (Kadmon Holdings, LLC), Confidential Treatment (Kadmon Holdings, LLC)

Right to Offset. Each Party shall have the right may offset against any undisputed amounts owed to offset any amount owed by the other Party to such first Party under or in connection with this Agreement against hereunder, any payments undisputed amounts owed but not yet paid by such first Party to such the other Party under this Agreement. Such offsets shall , subject to such limits as may be expressly provided in addition to any other rights or remedies available under this Agreement and Applicable LawAgreement.

Appears in 1 contract

Samples: Collaboration and License Agreement (Revance Therapeutics, Inc.)

Right to Offset. Each Party shall have the right to offset any amount owed by hereby acknowledges and agrees that the other Party shall be entitled to offset, in part or in full, from time to time, any and all amounts owed to such first Party under or in connection with this Agreement Agreement, against any payments owed and all amounts due and unpaid by such first Party to such the other Party under this Agreement. Such offsets shall be in addition , unless such amounts are subject to any other rights or remedies available under this Agreement and Applicable Lawan unresolved good faith payment dispute.

Appears in 1 contract

Samples: Collaboration and License Agreement (Alexza Pharmaceuticals Inc.)

Right to Offset. Each Party shall have the right to offset any amount owed by the other Party to such first Party under or in connection with this Agreement Agreement, against any payments owed by such first Party to such other Party under this Agreement; provided that such Party gives the other Party at least [***] notice of such intended offset. Such offsets shall be in addition to any other rights or remedies available under this Agreement and Applicable Law.

Appears in 1 contract

Samples: License and Collaboration Agreement (Cullinan Oncology, Inc.)

Right to Offset. Each Party shall have the right to offset any amount owed by the other Party to such first Party under or in connection with this Agreement or the Asset Purchase Agreement (subject to the terms and limitations of this Agreement and the Asset Purchase Agreement, as applicable), including pursuant to Article 10 or in connection with any breach, against any payments owed by such first Party to such other Party under Section 6.1 of this Agreement or the Asset Purchase Agreement. Such offsets shall be in addition to any other rights or remedies available under this Agreement and Applicable Law.

Appears in 1 contract

Samples: Development and Services Agreement (NeuroMetrix, Inc.)

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Right to Offset. Each Party shall have the right be permitted to offset any amount owed by the other Party amounts owing to such first Party under or in connection with pursuant to this Agreement against any payments owed to be made by such first Party pursuant to such other Party under this Agreement. Such offsets shall be in addition to any other rights or remedies available under this Agreement and Applicable Law.

Appears in 1 contract

Samples: Services Agreement (Orgenesis Inc.)

Right to Offset. Each Party shall have the right to offset any amount owed to it by the other Party to such first Party under or in connection with this Agreement (as determined in good faith by such Party), including pursuant to Article 12 or in connection with any breach, against any payments owed by such first Party it to such other Party under this Agreement. Such offsets shall be in addition to any other rights or remedies available under this Agreement and Applicable Law. [**].

Appears in 1 contract

Samples: License Agreement (Xilio Therapeutics, Inc.)

Right to Offset. Each Party shall have the right to offset any amount owed by the other Party to such first Party under or in connection with this Agreement Agreement, including pursuant to Section 6.1 (Indemnification) or in connection with any breach, against any payments owed by such first Party to such other Party under this Agreement. Such offsets shall be in addition to any other rights or remedies available under this Agreement and Applicable Law.

Appears in 1 contract

Samples: Assignment and License Agreement (uniQure N.V.)

Right to Offset. Each Party shall have the right to offset from any amount owed by it owes or is otherwise required to pay to the other Party under any other agreement with such other Party any amount that the offsetting Party owes or is otherwise required to such first Party under or in connection with this Agreement against any payments owed by such first Party pay to such the other Party under this Agreement. Such offsets The offsetting Party shall be provide the other Party five (5) days written notice of the facts and circumstances giving rise to the right to offset. If the other Party provides the offsetting Party with evidence disputing such right to offset, the Parties agree to work in addition good faith to any other rights or remedies available under this Agreement and Applicable Lawresolve the issue in a commercially reasonable manner.

Appears in 1 contract

Samples: Mortgage Banking Services Agreement (PennyMac Mortgage Investment Trust)

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