In law, a set-off is an equitable defence to the whole or to a portion of a plaintiff's
claim. A set-off ... Set-off can also be incorporated by contractual agreement so
that, where a party defa...
www.lowenstein.com/files/Publication/30c4461e-c296-46c3-8a8f-d2e5dc6c6d4b/Presentation/PublicationAttachment/87ff39dd-5243-4aad-8cbe-db9dda3debbd/Got Setoff Rights Think Again.pdf
provisions, or other setoff agreements to allow triangular setoff, because they do
not satisfy the mutuality requirement for setoff found in the Bankruptcy Code. 2.
A set-off clause can also refer to a settlement of mutual debt between a creditor
and a ... A clause included in certain debt securities and swap agreements .
Right of Set-Off. Upon the occurrence and during the continuance of any Event of
... Appears in 1 contract Revolving Credit Agreement (Laclede Group, Inc.).
This form is an example of a standard right of setoff provision for a credit
agreement in a typical syndicated loan transaction. Setoff is a common law
concept that ...
A Standard Clause for loan agreements whereby the borrower grants the agent
banks, lenders and their affiliates the right to set-off deposits and other ...
Jan 5, 2012 ... Where two parties owe each other money, it often makes sense for one of the
parties to employ the concept of 'set-off' to reduce or eliminate its ...
For a party to be allowed to set off its own obligation against the obligation of the
... securities are easily convertible and if there is no agreement to the effect that ...
creditor's right of setoff, describes how recoupment .... settlement agreement did
not convert a pre-petition fraud claim into a post-petition contract claim; the claim
Definition of setoff: Banking: Bank's legal right to seize a borrower's any account
balance ... In legal terminology it is called equitable right to setoff. ... agreement ...