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...
Feb 9, 2014 ... As a verb, the term is written as two words—e.g.: “on the other hand, a
subsequent agreement between the parties to set-off [read set off] a ...
A set-off clause can also refer to a settlement of mutual debt between a ... be
acquainted with the significance of covenants in corporate bond agreements.
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 ...
Apr 20, 2015 ... Amounts payable under any other agreement can only reduce the Early
Termination Amount to the extent they can be set off. The judgment ...
Aug 3, 2012 ... When negotiating M&A agreements, buyers and sellers focus heavily on
indemnification provisions, escrows, and guaranties. In contrast, setoff ...
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 ...
The Municipality desires to enter into this agreement for the purpose of utilizing
the debt ... debts submitted by the Municipality to the State Debt Setoff Program.
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 ...
The Debtors or the Liquidating Trust may, but shall not be required to, set-off
against, or recoup from, any Claim (for ...