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Set-off (law) - Wikipedia


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...

Set-Off Agreement | FindLegalForms.com


This Set-Off Agreement is between two parties who are indebted to each other and agree to set-off the full amount of one party's indebtedness. This agreement ...

"Setoff" and "Offset" - Adams on Contract Drafting


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 ...

Set-off and netting—overview - Lexis®PSL, practical guidance for ...

www.lexisnexis.com/uk/lexispsl/bankingandfinance/document/391289/55KB-65S1-F185-X13T-00000-00/Set-off and netting—overview

Contractual set-off arises where a right of set-off has been created by contractual agreement. It is used when contracting parties want to extend or limit set-off ...

Contractual set-off clauses in loan agreements - Lexology


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 ...

Set-Off Clause Definition | Investopedia


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.

PLC - Loan Agreement: Right of Set-off Clause


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 ...

Got Setoff Rights? Think Again - Lowenstein Sandler

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.

Debt Setoff Agreement, dated December 30, 2011


Dec 30, 2011 ... Exhibit 4.41. [Note: Translation from the original agreement written in Chinese]. Debt Setoff Agreement. This agreement was signed in Beijing ...

Article 8.1 (Conditions of set-off)


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 ...